Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures] large frame has been basically formed < /strong > < /p >.

< p > key points < /p >

< p > 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.

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< p > 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.

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< p > 3. cotton imports: in January 8th, the price of China's main port of imported cotton continued to rise, of which West African cotton rose 0.25 cents, while American cotton and Brazil cotton rose 0.75 cents. Only India cotton quotes remained stable, mainly because India cotton could be exported at a later stage.

At present, because of the uncertainty of China's cotton macro control policy, especially whether the quota of imported cotton can be distributed and let the textile factories look into the autumn, some enterprises deepen their wait-and-see sentiment.

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< p > 4. cotton storage and storage: as of January 8th, 2012 cotton temporary storage and storage pactions totaled 5366030 tons, 1682460 tons in the mainland, 2406920 tons in Xinjiang, and 1276650 tons in backbone enterprises.

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< p > 5.ICE cotton: in January 8th, investors adjusted their positions before the USDA supply and demand report. Some of them worried about the reduction of global cotton consumption and withdrew from the market. ICE cotton dropped slightly but closed the trend of oscillation. Most trading periods in March fluctuated between 75.10-75.65 cents.

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< p > summary: < /p >

< p > 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.

With information disclosure, the large framework of dumping and storage has basically come into being, that is to follow the principle of "3: 1" to tie up the quota of imported cotton for throwing and storing.

The price of throwing and storing is 19000 yuan / ton, and the selling price is 1 million 500 thousand tons.

The price of 19000 is not low, the smaller the pressure on the market, the more limited the space below.

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.

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< p > < strong > [MEIKO futures] the market is waiting for the industry regulation policy. Zheng cotton has a narrow concussion < /strong > < /p >

< p > key points < /p >

< p > overnight overnight, on the 8 day, investors adjusted their positions before the USDA supply and demand report. Some of them worried about the reduction of global cotton consumption and withdrew from the market. ICE cotton dropped slightly but closed the trend. Most trading periods in March fluctuated between 75.10-75.65 cents.

At present, the market direction is not clear, the market is still guessing when China will issue quotas, the keynote of USDA supply and demand report, and the situation of global cotton planting area. It is estimated that the ICE cotton will be dominated by oscillating trend.

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< p > international market. On the 8 day, the quotations of China's main ports of imported cotton continued to rise, of which West African cotton rose 0.25 cents, while American cotton and Brazil cotton rose 0.75 cents. Only India cotton quotes remained stable, mainly because India cotton could be exported at a later stage.

At present, because of the uncertainty of China's cotton macro control policy, especially whether the quota of imported cotton can be distributed and let the textile factories look into the autumn, some enterprises deepen their wait-and-see sentiment.

However, the trend of global cotton seed reduction is expected to be stronger or stronger.

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< p > domestic market, 8 days, domestic a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > spot market price continued to rise steadily.

In response to high price cotton, textile enterprises mainly rely on buying and selling, and wait for imported cotton quotas and cotton reserves.

According to relevant information, throwing or setting up next week, its impact on market prices still need time to verify.

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< p > National Reserve dynamics. In January 8th, the State Cotton temporary storage and storage reached 42360 tons. As of January 8th, the total cotton temporary storage and storage paction in 2012 reached 5366030 tons.

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"P > spot quotation, January 8th, the United States C/A cotton 91.85 (cents / pound), port delivery price 15477 yuan / ton (calculated by sliding tax); Australia cotton 96.85, port delivery price 16063 yuan / ton; Uzbekistan cotton 93.85, port delivery price 15708 yuan / ton; West Africa cotton 87.35, port price 14976 yuan / ton; India cotton 84.60, port delivery price 14683 yuan / ton.

CNCotton A 20079 yuan / ton, up 8 yuan; CNCotton B 19255 yuan, up 10 yuan.

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< p > market analysis. Recently, the market began announcements about dumping and storage. It is easy to see from the announcement that ensuring adequate supply and stabilizing market prices are still the main keynote of state regulation.

The price of zhengmian 05 is expected to be affected by the expected price of 19000 yuan / ton.

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< p > operation, near 19000 concussion, short line operation.

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The policy details of < p > strong > [one German futures] are not clear. Zheng cotton is waiting for the direction to choose < /strong > /p >

< p > key points < /p >

< p > CF1305 high volatility on Tuesday, CF1305 closed 61 thousand hand trading, holdings slightly reduced.

CF1305 closed at 19225 yuan / ton, up 55 yuan / ton, reduced 1388 hand; in January 8th, China's imported cotton (FC Index M) 86.36 cents / pound, up 0.29 cents / pound, 1% yuan tariff reduced price 13860 yuan / ton, sliding price conversion price 14929 yuan / ton.

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< p > according to New York's January 8th news, the US cotton futures on Tuesday lowered due to concerns that the USDA report released later this week will show that consumption has declined and investors have lowered their positions.

The ICE settled about 0.59 cents in March, at 75.12 cents a pound.

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< p > January 8th, the cotton trading market in the national cotton trading market reached 10620 tons, an increase of 40 tons compared with the previous paction.

Orders increased by 100 tons, totaling 22770 tons.

On the 8 day, the contract was opened and the price fluctuated widely.

On the basic level, recently, related dumping and storage announcements have been released through the China Cotton Information Network "2013 cotton reserve Trading" column. At present, textile enterprises are mostly preparing for the auction of cotton reserves.

Market participants said that with the approaching date of dumping and storage, the market resources are relatively loose. It is a foregone conclusion. However, before the specific rules are not clear, the underlying support price is still open to question.

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< p > on Tuesday, Zheng cotton was at a high concussion. The new version of the details of the throwing and storing details threatened to cancel the quota issuance. Even though the quota was also kept in 1:3 ratio, Zheng cotton was strong in recent days, but the USDA report released on Friday. Recently, the < a href= "http://www.91se91.com/news/index_s.asp" > the cotton market < /a > has more influence factors. It is suggested that investors should wait for a few days, and the arbitrage operation can continue to hold.

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

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