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Several Major Institutions Today -- Cotton Futures

2013/1/8 16:15:00 43

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[Hongyuan futures] the selling price is concerned.

key points

1. Price Bulletin: domestic lint: 129 level 20939 yuan / ton; 229 class 20066 yuan / ton; 328 level 19240 yuan / ton; 428 grade 18625 yuan / ton.

Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 11410 yuan / ton; viscose staple fiber 14110 yuan / ton; C32S price is 25820 yuan / ton.

2. domestic stock: at present, there is a shortage of high-grade cotton resources in textile mills. However, due to the expectation of textile enterprises for dumping and storage, cotton procurement is cautious and import quota demand is urgent. At present, enterprises think it is imperative to throw and store. Now it is only concerned about how to set up the reserve price and how to control the dumping and storage quota.

3. cotton imports: in January 7th, the price of China's main port of imported cotton increased generally, and most varieties maintained a slight upward trend, while the US cotton quotation increased by more than 1 cents.

It is understood that as a result of the national dumping and storage, the situation of tight market resources is expected to ease. At the same time, textile mills have strong expectations for the issuance of imported cotton quotas. Therefore, the overall market wait-and-see atmosphere is becoming stronger and stronger, and all are waiting for a solid policy message.

4. < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > storage and storage: as of January 7th, 2012 cotton temporary storage and storage pactions totaled 5323670 tons, 1664700 tons in the mainland, 2382320 tons in Xinjiang, 1276650 tons in backbone enterprises.

5. import quota: some textile enterprises have received the notice of cotton import quota in 2013. After knowing the contents of the notice, the import tariff quota of cotton was 894 thousand tons in 2013, of which 33% were issued to the state trading enterprises, and the rest only dealt with quotas for processing trade.

6.ICE cotton: in January 7th, influenced by the decline of the US dollar index, the commodity market was generally strong. Although the ICE cotton was closed at the end of the rally, it failed to break away from the recent oscillation area.

summary:

in the early 2013, "throwing storage" or becoming normal, this will restrict the domestic cotton rising space.

The current issue of market concern is the throw in reserve price and the ratio of bundling of reserves to quotas.

If the government raises the reserve price, the smaller the pressure on the market, the more limited the underlying space.

But in general, the May contract will not buy power from spot enterprises for a long time, and there will be no reason for continuous rise.

It is suggested that investors should maintain flexible operation in the near future, and CF1305 will pay attention to profits whenever possible.

[MEIKO futures] market wait for industry policy to guide Zheng cotton 19000 near shock /p >

overnight overnight, affected by the decline in the US dollar index, the commodity market is generally strong. Although ICE cotton has closed up, it has not been able to break away from the recent oscillation area.

It is reported that this week, the index fund will restructure its portfolio, and will buy the goods which were reduced in 2012. The cotton futures ranked the third in the CRB index last year, so it is probably the investment target of the index fund.

In addition, China's cotton macro-control policy has been concerned by the market. Meanwhile, the market expects that the USDA supply and demand report released by USDA this week may bring good news to the market.

international market. The price of China's main port of imported cotton has generally risen on the 7 day. Most varieties have maintained a slight upward trend, while the US cotton quotation has increased by more than 1 cents.

domestic market. On the 7 day, domestic regulation policy stabilized domestic spot cotton price and prices continued to rise. However, with the fall of international cotton prices, the price of domestic and foreign cotton has reached a record high level. The huge internal and external spreads have made the quantity of imported cotton increase sharply this year, but limited import quotas have split the internal and external markets, making domestic and foreign price spreads slow to return.

National Reserve dynamics. In January 7th, the State Cotton temporary storage and storage reached 38100 tons. As of January 7th, the total cotton temporary storage and storage paction in 2012 reached 5323670 tons.

"P > spot quotation, January 7th, the United States C/A cotton 91.10 (cents / pound), port delivery price 15392 yuan / ton (calculated by sliding tax); Australia cotton 96.10, port delivery price 15973 yuan / ton; Uzbekistan cotton 93.10, port delivery price 15621 yuan / ton; West Africa cotton 87.10, port price 14949 yuan / ton; India cotton 84.60, port delivery price 14683 yuan / ton.

CNCotton A 20071 yuan / ton, up 5 yuan; CNCotton B 19245 yuan, up 5 yuan.

"P" market analysis, the state reserve cotton is out of store, the stage of supply of tight supply will be eased, textile enterprises procurement of leather cotton enthusiasm decline, along with the downstream order situation is not better, should not be too optimistic.

The US cotton 78-75 pressure zone confirmed that the price of zhengmian 05 was affected by the reserve price of 19000 yuan / ton.

operation, near 19000 concussion, short line operation.

[one German futures] wait for the policy to ferment Zheng cotton direction has not yet been determined /p >

CF1305 on Monday, all the way to high volume, the CF1305 closed 131 thousand hands, and the positions dropped sharply.

CF1305 closed at 19225 yuan / ton, up 220 yuan / ton, reduced 10990 positions; in January 7th, China imported cotton (FC Index M) 86.07 cents / pound, fell 0 cents / pound, 1% yuan tariff reduced price 13814 yuan / ton, sliding price conversion price 14893 yuan / ton.

according to the news of New York on January 7th, the US cotton futures rose on Monday, as the expected index will soon begin to extend, but the cotton market is still stuck in the key technical level, which has been consolidated above the three week low yesterday.

In March, the settlement price of Intercontinental Exchange (ICE) rose 0.66 cents, or 0.9%, at 75.71 cents a pound.

January 7th, the cotton trading market in the national cotton trading market reached 10580 tons, an increase of 60 tons compared with the previous paction.

Orders increased by 160 tons, totaling 22670 tons.

On the 7 day, the contract was opened up, and within a wide range of days, it finally rose.

On the basic level, the national cotton trading market and the China Cotton Textile Industry Association jointly issued a notice on examining the qualification to participate in the auction of cotton reserves, preparing for the recent auction of cotton reserves.

At present, it is understood that the textile enterprises are more enthusiastic about the auction of cotton reserves, and have the desire to stock up, and the supply of cotton will tend to be loose in the later stage.

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> on Monday, Zheng cotton volume rose, the afternoon throwing storage policy was promulgated. In January 10th, it was officially put aside, but the details were not announced. In general, the policy was just to protect the spinning enterprises from using cotton, and the spot market was negative. The price was also returned to the current price quickly. However, due to the unclear policy details, it was suggested that the market reaction should be held, and the arbitrage operation could continue to be held.

Today's operation suggests that holding a 5 buy 9 combination, the CF1305 reference price range is 19100-19300.

[Wanda futures] US cotton rebounded with the external market

although the market rumors that China may only throw away the quota in the market on Monday, this does not constitute a pressure on ICE cotton. As of January 7th, China had accumulated 5 million 320 thousand tons of storage and reduced global supply. Meanwhile, the external market rebounded on Monday and promoted ICE cotton futures. In March, the contract closed up 0.66 cents to 75.71 cents / pound.

The index fund is expected to increase the proportion of ICE cotton in the near future. The short-term rebound is expected to continue. The March contract is expected to challenge 78 cents / pound pressure level.

although on Monday ICE cotton Xiao Yang reported, but the main contract in March has not yet broken through the short-term average line suppression, KD and MACD indicators continue to fall short, MACD index green column growth, callback pressure is not reduced, cautious look at the rebound, pay attention to March contract 74 cents / pounds support position, if the support is lost, the downward goal will be 70 cents / pound line, otherwise it will continue to rebound pattern continue to challenge 78 cents / pound pressure level.

> China a href= "http://www.91se91.com/news/index_s.asp" > market < /a > rumors that the plan of throwing and storing the quotas has changed. It is said that only selling the reserve does not send quotas, which leads to the cost of national storage at 19000 yuan / ton, which is affected by this. On Monday, Zheng cotton rebounded under the promotion of buying short positions.

However, the quotas in the 894 thousand ton WTO agreement have been issued in succession. In January, US cotton and India cotton came to Hong Kong one after another. The supply pressure still persists. At the same time, under the expectation of throwing out, there is little probability that the enterprises will substantially raise their stocks before the Spring Festival. In this case, although Zheng cotton has fallen back, it does not have a rising base. It is not optimistic about the rebound. It is concerned about the 1305 contract 19000 yuan / ton support and the pressure of 19400 yuan / ton.