Cotton Price Quotation In Cotton Futures Market In February 18Th

< p > < strong > [MEIKO futures] during the festive period, the outer plate was fixed with zhengmian 05 supporting 19615 < /strong > < /p >.

The main force of the 15 day Intercontinental Exchange (ICE) rose by 0.3 cents or 0.37% in March. The settlement price was 81.32 cents per pound. During the Chinese New Year holiday, the us a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > price always showed a 84-80 quarter / pound Interval Oscillation trend, where the technical pressure level needs to be consolidated, and the market is waiting for more industry information guidance.

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< p > industry news, the US Department of agriculture's global production and demand forecast in February compared with last month, the specific adjustment is as follows: the world's annual output increased by 26 thousand tons, of which China and Kazakhstan increased production significantly, offset the reduction of production in Pakistan and Turkey; consumption increased by 39 thousand tons; and China's imports increased by 327 thousand tons to 3 million 48 thousand tons.

Exports increased in countries and regions including the United States, Australia, Brazil, Uzbekistan, West Africa and Greece.

The end of the world inventory increased by 30 thousand tons, while China increased by 435 thousand tons to 9 million 277 thousand tons, accounting for 52% of the world's final inventory.

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In the international market, the impact of China's dumping is directly on the export sale of India cotton. Therefore, spot quotation is difficult to keep up with ICE futures. P

From the market perspective, only India cotton with less than 85 cents has a market.

After the Spring Festival holiday, the US cotton export data, USDA monthly report and NCC's intent to grow cotton area are attracting market attention. These factors determine the trend of cotton prices to a certain extent.

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< p > domestic market, domestic cotton spot prices remain stable, throwing storage policy is undoubtedly a timely relief for textile enterprises. At present, raw material inventory of spinning enterprises is between 10-15 days, and is at the lowest level of the year.

After the Spring Festival, whether the industry starts and the attitude towards purchasing can be heated up.

At the same time, we should pay attention to the speculation of spring sowing.

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< p > market analysis, after the cotton textile industry starts to be expected to reach fifteen, the phased industry orientation is weak.

US cotton is backed by a 84 line of shock, consolidating below the empty watershed. The upward trend is still good, and we are concerned about further opening up the upper space.

Along with the national dumping and holiday shutdown, Zheng cotton inertia fell, and the 05 contract supported 19615.

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< p > operation, 05 backed by 19900 empty, supporting 19615.

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< p > < strong > [one German futures] there is little room to drop after the festival. Zheng cotton is waiting for the plane to turn over many times. < /strong > < /p >

< p > before the festival, CF1309 was low on Friday, and CF1309 closed more than 8.3 hands.

CF1309 closed at 19700 yuan / ton, down 165 yuan / ton, reduced 5772 hands; in February 17th, China's imported cotton (FC Index M) 90.52 cents / pound, up 0 cents / pound, 1% yuan tariff reduced price 14491 yuan / ton, sliding price conversion price 15382 yuan / ton.

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< p > according to New York's February 15th news, cotton prices rose on Friday and were strongly boosted by key technical support levels and US export figures this week, although cotton fell for second consecutive weeks this week, losing momentum due to recent gains.

ICE's most active May cotton futures contract rose 0.4 cents, or 0.5%, and the settlement price was 83.19 cents per pound.

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< p > February 17th, the cotton trading market in the national cotton trading market reached 10480 tons, a decrease of 20 tons compared with the previous day.

The order quantity remains unchanged and the total order is 16700 tons.

The second trading days after the holiday match the performance is relatively stable, within a narrow range of days, closing prices have been ups and downs, the average price continued to move slightly upward.

Basically, the majority of cotton companies have not yet been officially started, and the spot market has not been traded. The downstream textile enterprises have produced quotations and enquiries, but there are no actual pactions.

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On Friday, Zheng cotton's low concussion continued to decline for several days after the daily trading, and the technical graphics were seriously empty. During the Spring Festival, the US cotton performance was relatively stable, and the supply and demand report was in line with expectations, and China's imports increased more frequently, and the report was slightly higher. The post harvest material continued to decline earlier, but it was very close to the 19300-19500 target line. The air quality could be reduced to the right position, and the target position could be all flat and single turn. Based on the long-term fundamental consideration, the cotton price near 19300 had a strong foundation. If it fell below 19000, it would increase substantially. As the economy became warmer, the long-term demand of the cotton market could be expected. From the end of February to March, the theme of the investment was to buy more cotton, and the theme of the investment was to buy more cotton. < p > before the festival

Today's operation suggests that the air price can be reduced and the CF1309 price will be increased by 19500-19900.

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< p > < strong > [Hongyuan futures] speculation or speculation will continue to ferment < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20982 yuan / ton; 229 class 20110 yuan / ton; 328 level 19281 yuan / ton; 428 grade 18667 yuan / ton.

Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 11380 yuan / ton; viscose staple fiber 14560 yuan / ton; C32S price is 25870 yuan / ton.

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< p > 2. imported cotton: compared with the optimistic atmosphere before the Spring Festival holiday, traders who returned to work after the festival lamented that the pressure of inventory at the port was large, especially India cotton, which aggravated the pressure on the market and aggravated the promotion mentality of the enterprises.

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< p > 3.USDA: according to the global cotton supply and demand forecast report of the US Department of agriculture (USDA) in February, the current global cotton initial inventory of 15 million 30 thousand tons, compared with January forecast reduced by 39 thousand tons; global output 25 million 899 thousand tons, increased by 26 thousand tons; consumption accumulated 23 million 131 thousand tons, increased 39 thousand tons; import and export trade volume of about 8 million 800 thousand tons, increased by 33-34 million tons; the end of the world 17 million 823 thousand tons of inventory, increased by 31 thousand tons, inventory consumption than 77.05%.

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< p > 4.NCC: according to the latest US cotton planting intention report released by the National Cotton Association (NCC), the US cotton planting area in 2013/14 is expected to be 9 million 15 thousand acres, 26.8% less than this year.

Among them, the area of the upland cotton is expected to be 8 million 812 thousand acres, a decrease of 27% compared with the same period last year; the Pima cotton area is expected to be 203 thousand acres, a decrease of 15% over the same period last year.

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< p > 5.ICE cotton: during the Spring Festival holiday, the international cotton futures market fell first and then stabilized. After 80 cents, it succeeded in seeking support. The spot market was dull because of the lack of attention and participation from Chinese buyers.

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< p > summary: < /p >

During the P Spring Festival holiday, the international cotton futures market fell first and then stabilized, and then sought support at 80 cents.

As far as cotton is concerned, in fact, the impact of American cotton on Zheng cotton is not large in the near future.

The theme of the recent US cotton issue is China's demand. The theme of domestic cotton is throwing and storing, and even the trend of US cotton depends on China's cotton policy.

We are in a strong policy market. For Zheng cotton, China's dumping and quota policy is a top priority after the Spring Festival.

From "dislocation" to "reset", the rumors of "a href=" http://www.91se91.com/news/index_q.asp "> dumping reserve < /a > policy adjustment will continue to ferment, which will have a great impact on warehouse receipts, and the confidence of bulls will be severely frustrated. CF1305 and CF1309 will not rule out the possibility of further decline.

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