Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures] Zheng cotton reflects the national conditions, and the USDA report has a discount of < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20735 yuan / ton; 229 class 19859 yuan / ton; 328 level 19030 yuan / ton; 428 grade 18373 yuan / ton.

Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 10530 yuan / ton; viscose staple fiber 13960 yuan / ton; C32S price is 25715 yuan / ton.

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< p > 2. domestic stock: as the temporary storage price is still higher than the spot price, cotton purchasing and processing enterprises are mainly focused on storage and storage. The number of new high-grade cotton in the market is relatively insufficient, prompting the domestic cotton spot prices to continue to rise steadily, while the cotton sub market has driven up cotton seed prices, and the purchase price of seed cotton has also been raised, most of the cotton farmers are actively selling, and a small number of them are still reluctant to sell.

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< p > 3. imported cotton: from the market perspective, cotton mills are difficult to accept after the cotton prices have risen sharply. In addition, rumors that China will throw away its stores in recent years are rampant.

In addition, it is understood that textile mills have already consumed tariff quotas in advance, and orders are scheduled for early next year.

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< p > 4. statistics on imported cotton: according to the statistics of Chinese customs, in November 2012, China imported 303 thousand and 600 tons of cotton, an increase of 31 thousand and 600 tons, an increase of 11.6%, a decrease of 74 thousand and 500 tons and a reduction of 19.7% compared with the same period last year. In 2012 9-11 months, China imported 838 thousand and 600 tons of cotton, a decrease of 44 thousand and 600 tons, or a decrease of 5.05%.

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< p > 5.ICE cotton: in December 12th, the positive impact of the USDA report had not subsided. Following the purchase of the stimulus, the highest yield reached 75.53 cents in the ICE cotton pan, but the final stage was down and fluctuated around 75 cents, and ended at the highest level in 7 weeks.

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< p > summary: < /p >

< p > the USDA report this month reduced the global initial and final inventory and raised global consumption. This is the first report that has been reported for the first time in more than two months.

However, the Chinese market has a special situation in China's market. China's high inventory and cotton policy make the report discount on Zheng Mianli's multi role.

Zheng cotton far May contract to maintain the possibility of sorting out the situation, it is difficult to break through in the near future.

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< p > < strong > [MEIKO futures] US cotton continues to rise, Zheng cotton is near strong and far weaker < /strong > < /p >

< p > overnight overnight, on the 12 day, the positive impact of the USDA report had not subsided. Following the purchase of the stimulus, the ICE stage reached a maximum of 75.53 cents, but the late stage was down and fluctuated around 75 cents, which ended in 7 weeks.

On the same day, the Federal Reserve announced a new round of debt purchase plan, and declared that the central bank could not eliminate the full impact of the fiscal cliff.

At present, the market is waiting for USDA to release the weekly report of the US cotton export. If the sales performance is good, the cotton price will continue to go up.

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< p > industry news, customs statistics show that in November 2012, 303 thousand and 600 tons of imported cotton decreased 74 thousand and 500 tons compared with the same period last year, a decrease of 19.7%; in 2012 1-11, the total import of cotton was 4 million 602 thousand and 900 tons, an increase of 2 million 30 thousand tons, an increase of 78.9% over the same period.

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P > international market. On the 12 day, the quotation of imported cotton in China's main port has risen substantially, and the increase of each variety is more than 1 cents.

However, from the market perspective, cotton mills are hard to accept after the cotton prices have gone up sharply, and the rumors that China will throw away the store are very rampant.

In addition, it is understood that textile mills have already consumed tariff quotas in advance, and orders are scheduled for early next year.

On the whole, the price of Khmer cotton is prohibitive, and the rising trend of outer cotton is very difficult to sustain.

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< p > domestic market, on the 12 day, as the temporary storage price is still higher than the spot price, cotton purchasing and processing enterprises are mainly focused on storage and storage. The number of new high-grade cotton in the market is relatively insufficient, prompting the domestic cotton spot prices to continue to rise steadily, while the cotton sub market has driven up the purchase price of seed cotton as cotton seed prices rebounded, and most cotton growers are actively selling, and a small number of them are still reluctant to sell.

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< p > National Reserve dynamics. In December 12th, the national a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > temporary storage and storage reached 50830 tons. As of 12, 2012 cotton temporary storage and storage pactions totaled 3975650 tons in 2012, including 1307880 tons in the mainland, 2042120 tons in Xinjiang, and 625650 tons in backbone enterprises.

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December 12th, the United States C/A cotton 91.10 (cents / pound), the discount port RMB delivery price 15251 yuan / ton (calculated by sliding tax); Australia cotton 96.10, discount port RMB port delivery price 15898 yuan / ton; Uzbekistan cotton 93.60, folded port RMB port delivery price 15570 yuan / ton; West Africa cotton 86.35, discount port RMB port delivery price 14668 yuan / ton; India cotton 85.60, discount port RMB port delivery price 14579 yuan / ton.

CNCotton A 19892 yuan / ton, up 13 yuan; CNCotton B 19064 yuan, up 12 yuan.

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< p > market analysis, the recent overall commodity market has been warming up, making some regional quotations have been raised, but because of the increasingly intense rumors of dumping and storage, the desire to purchase textile enterprises has dropped significantly. Due to factors such as price and quality, the focus of the paction is still mainly outside cotton, while the US cotton has continued to rise under the favorable export.

05, maintain the concussion, continue to focus on the low 18950 support.

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< p > operation, the 18950 quotations are long and narrow.

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< p > < strong > [one German futures] more temporarily holding Zheng cotton difficult rebound < /strong > < /p >

< p > CF1305 low shock on Wednesday, CF1305 closed more than 7.7 hands, and the position was slightly reduced.

CF1305 closed at 19150 yuan / ton, down 25 yuan / ton, reduced 2568 hands; in December 12th, China's imported cotton (FC Index M) 85.89 cents / pound, up 0.83 cents / pound, 1% yuan tariff reduced price 13795 yuan / ton, sliding price conversion price 14683 yuan / ton.

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< p > according to New York's December 12th news, the US cotton futures rose slightly on Wednesday, closing to its highest level in seven weeks, due to a boost from the US Department of agriculture's December report on supply and demand report, which is expected to increase global cotton demand.

The main price of the ICE in March increased by 0.3% to 75.12 cents per pound.

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< p > December 12th, the cotton trading market in the national cotton trading market reached 10200 tons, 1020 tons less than the previous trading day, the order quantity reduced by 340 tons, and the total order 33540 tons.

On the 12 day, the contract was opened up, and the price was narrowed within the day.

On the basic level, although the US Department of agriculture (USDA) 12 monthly report lowered the end of the world cotton inventory, the current situation is that the global cotton price (in the case of cotton for example) is also mainly affected by China's purchasing and storage in order to maintain a relatively current price.

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< p > > a href= "http://www.91se91.com/news/index_s.asp" > ZHENG cotton < /a > low shock on Wednesday, rebounded slightly within the day, spot is still rising slightly, Zheng cotton's overall bottom is still solid, and today the material rebounded again, but the upper space was also limited.

Today's operation suggests that the target price is 19100, and the CF1305 reference price range is 19000-19300. The target price is 19300.

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