Cotton Price Quotation For 4 Cotton Futures Market In March

< p > < strong > [MEIKO futures] < a href= "http://www.91se91.com/news/index_c.asp" > cotton yarn < /a > import or surge of zhengmian relay mode to break through < /strong > /p >

< p > overnight overnight, the 1 day ICE cotton kept rising. In May, the contract intraday fluctuated in the operating range of the previous trading day, and the short replacement market pushed cotton prices further higher.

At present, the basic aspects of the US cotton are more strained. USDA is constantly holding stocks at the end of the US cotton market and the market generally believes that the decline of the US cotton planting area will support the market.

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In the international market, the price of China's main port of imported cotton continued to rise, of which Brazil cotton rose 1.25 cents, while other varieties generally rose 0.75 cents. P

From the market situation, downstream demand is not active. < a href= "http://www.91se91.com/" target= "_blank" > textile > /a > factory is not enthusiastic, especially after the rise of cotton prices, textile mills will continue to import India and Pakistan yarns to reduce costs.

Although there is a slight shortage of downstream demand, the price difference of 3000 yuan / ton between inside and outside is the strong support of the market, so there is not much room for foreign cotton falling.

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< p > domestic market, domestic cotton spot prices remain stable.

Although the purchase and storage will help to support cotton growers, it will damage the interests of Chinese textile enterprises, reduce the supply of domestic market, and force the textile industry to rely on imports, or increase the import of cotton yarn this year.

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1 days, the quotation of C/A cotton is 99.10 (cents / pound), the price of general trade port is 16362 yuan / ton (calculated by sliding tax), Australia cotton 103.85, port delivery price 17024 yuan / ton, West African cotton 94.85, port delivery price 15847 yuan / ton, India cotton 92.40, port delivery price 15561 yuan / ton.

CNCotton A 20130 yuan / ton; CNCotton B 19301 yuan.

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< p > market analysis shows that commodity market trend is weakening in recent years, and cotton city is relatively stable under the guidance of industry regulation policy.

The US cotton shock is strong, and concerns about whether the 85 front line support can be stabilized. The Zheng cotton day line forms a triangle convergence form, and needs to be chosen in the direction of direction. Under the support of 19550, the pressure is 19875.

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< p > operation, pressure 19875, more empty.

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< p > < strong > [one German futures] failed to go up, Zheng cotton fell again < /strong > < /p >

< p > CF1309 low volatility on Friday, CF1309 closed more than 10.8 hands, with a slight decrease in holdings.

CF1309 closed at 19840 yuan / ton, down 45 yuan / ton, reduced 5074 hands; in March 1st, China's imported cotton (FC Index M) 94.32 cents / pound, up 0.53 cents / pound, 1% yuan tariff reduced price 15105 yuan / ton, sliding price conversion price 15828 yuan / ton.

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< p > according to the news of New York in March 1st, ICE cotton futures closed up on Friday. This week it recorded the first rise in four weeks. As a result of speculators' re purchase and commercial traders' short replacement, the recovery of cotton futures was earlier lost.

ICE's most active May cotton contract rose 0.11 cents or 0.13%, and the settlement price was 85.4 cents per pound.

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< p > March 1st cotton trade in the national cotton market was 10220 tons, 60 tons less than the previous day.

The order quantity will be reduced by 180 tons and the total order will be 15800 tons.

On the 1 day, the contracts for commodity cotton trading were mixed at different prices.

Basically, the domestic cotton price trend is relatively stable in recent years, and the high level new flower resources are still scarce. At present, there are still some resources in Northern Xinjiang, but the price is high, and after the freight, enterprises can hardly bear the cost.

At present, the cotton throwing and storage can not meet the raw material demand of some high-end products. Some enterprises are turning to look for cotton outside the customs clearance. Among them, India cotton and some West African cotton enterprises are welcome.

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"P" on Friday, Zheng cotton was at a low concussion, and the US cotton had strong performance recently. However, the fundamentals of the United States are different from that of China. It is difficult for China's weak fundamentals to maintain more than 20 thousand of the price. The difference between the inside and outside cotton prices will be narrowed gradually, which is conducive to the operation of the spinning enterprises and indirectly stimulating the demand for cotton. The interest period price will still fall down in the short term. It is recommended to wait and see, wait for the return, and do more cotton under 19600.

Today's operation recommends, wait and see, CF1309 reference price range is 19700-19900.

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< p > < strong > [Wanda futures] ICE cotton once again refreshed since May 2012 the new high < /strong > /p >

< p > CFTC data on Friday showed that as of the 26 th, the traditional fund net reached more than 62982 hands, and the number of funds was more than 143:55, and the fund's popularity index reached 49.65%, that is, the fund still firmly valued the cotton price in the future ICE period.

On Friday, ICE cotton continued to rise under speculative buying, with the main contract closing 0.11 cents to 85.4 cents / pound in May and standing 84 cents / pound for three consecutive days.

The USDA export weekly shows that the remaining 23 weeks of this year's US cotton export resources are only 289 thousand tons, and the sharp decline in the trend is inevitable. This will strengthen the fund's multi position, and the future rally will continue. The May contract is expected to challenge the strong pressure level of 90 cents / pound.

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< p > ICE cotton rose slightly on Friday. The main contract for May has been stable for 84 days / three and on the short-term average line. The average system has maintained a good multi head rise. The KD and MACD indexes have been formed to form a multi head rising arrangement. The MACD index green column shortens to the strong area on the 0 axis, the rising trend will continue. In March, the contract is expected to challenge 90 cents / pound strong pressure after standing 84 cents / pound.

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In March, China held two sessions. Some of the funds to avoid policy risks would be a pressure on P.

In February, China's manufacturing PMI index dropped, new orders and export orders index fell sharply, and consumption was hard to recover.

Recently, the ratio of dumping and storage has been shrinking. Textile enterprises have no desire to replenish inventory, and spot cotton prices will remain weak.

In March, the time window for market entry reserve policy was issued. A new round of throwing and storing attitude towards new cotton and 2013/14's reserve policy were likely to be issued after the end of the two sessions. In this case, without the support of funds, cotton prices may maintain a weak pattern, and the 20000 yuan / ton integer pressure level will increase the 1309 contract empty list, and the short-term target will be 19700 yuan / ton line, but if the contract increases its position to break through 20000 yuan / ton pressure level, the single stop stop will be left.

20000 yuan / ton or more to continue to increase the number of 1401 contracts empty, medium and long-term holders.

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< p > < strong > [Hongyuan futures] cotton market is different from inside and outside < /strong > /p >

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< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 21000 yuan / ton; 229 class 20130 yuan / ton; 328 level 19301 yuan / ton; 428 grade 18697 yuan / ton.

Domestic textiles: polyester staple fiber 11170 yuan / ton; viscose staple fiber 15060 yuan / ton; C32S price 25955 yuan / ton.

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< p > 2. domestic stock: according to some small and medium cotton mills, due to the shortage of orders, the shortage of employed workers and the higher price of cotton raw materials, the construction of enterprises has been restricted. At present, the operating rate of some regions is less than 7. The cotton market is still in a stable state.

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< p > 3. cotton imports: in March 1st, the price of China's main port of imported cotton continued to rise, of which Brazil cotton rose 1.25 cents, while other varieties generally rose 0.75 cents.

From the market situation, downstream demand is not active, textile mills are not enthusiastic about replenishment, especially after the rise in cotton prices. Textile mills will continue to import India and Pakistan yarns to reduce costs.

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< p > 4. cotton reserve put into operation: in March 1st, China cotton reserve management company plans to sell and reserve cotton 80111.37 tons, and the actual turnover is 20488.42 tons, with a turnover rate of 25.57%.

On the same day, the average level of pactions was 3.62, with an average length of 28.34mm, with an average paction price of 18884 yuan / ton, with a turnover of 328 yuan (19172 yuan / ton).

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< p > 5.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.

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< p > 6.ICE cotton: in March 1st, ICE cotton maintained its upward trend. In May, the contract intraday fluctuated in the operating range of the previous trading day, and the short replacement disk pushed cotton prices further higher.

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< p > summary: < /p >

< p > March 1st, ICE < a href= "http://www.91se91.com/news/index_s.asp" > cotton > /a > continues to rise.

Attention should be paid to the difference between the inside and outside cotton in the current period. The ICE cotton is mainly stimulated by the decline in the planting area of the Chinese policy and the US cotton intention, while China is a policy led market, which is not necessarily good for Zheng cotton. The ICE cotton has limited driving effect on Zheng cotton.

The recommended premises are recommended to be kept empty and cautious. The area near 20000 yuan / ton has become a pressure for Zheng cotton in September.

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