Mainland Futures: Cotton Market In March 22Nd
[international spot]
In March 21st, Imported cotton China's main port quotations varied, including cotton, Australia cotton, Central Asia cotton and India cotton rose to varying degrees, West Africa cotton quotes remained stable, individual varieties fell. From the market situation, the textile mill favored high grade cotton, but the amount of funds and downstream consumption restricted the number of replenishment. Meanwhile, cotton merchants were more cautious about raising the quotations, especially the unpopular ones. On the whole, as the market still has strong expectations for China's quotas, coupled with the limited number of high-grade cotton, cotton prices will remain strong in the near future.
[International Futures]
In March 21st, the ICE cotton fell sharply under the pressure of bull profit taking. The May contract fell after the 10 day moving average, buying cotton, which made the cotton price rise to 89 cents in the late stage, but it still hit the biggest decline in two months. At present, the market is waiting for China to announce a new policy of dumping and storage. As the settlement price of the May contract fell 90 cents, the pressure of the callback increased.
[domestic stock]
In March 21st, the state Cotton price The A index (CNCotton A) is 20150 yuan (per ton, the same below); B index (CNCotton B).
19327 yuan, up 2 yuan. Domestic cotton spot prices remain stable. Although the recent international cotton prices continue to rise, the price gap between inside and outside is narrowed, but the price of cotton and chemical fiber raw materials is still relatively large. Since 2012, textile enterprises have focused on the development of products using chemical fiber raw materials. It is estimated that the proportion of cotton use will remain at a low level in 2013.
[domestic futures]
In March 21st, Zheng cotton CF309 contract opened at 20180 yuan, the highest price was 20215 yuan, the lowest price was 20130 yuan, the closing price was 20160 yuan, the settlement price was 20170 yuan, fell 10 yuan, the closing price of CF305 contract was 20200 yuan, the settlement price was 20225 yuan, fell by 5 yuan; the total turnover 56924 hand, accumulative position 186872 hand, increased the 186872 hand.
[cotton information]
Jiangsu: Zhangjiagang Free Trade Zone Textile raw materials Market data show that from September 2012 to March 17, 2013, the cumulative stock in the market showed a U trend and reached the lowest level at the end of 2012. The total stock of Uzbekistan cotton, India cotton and American cotton has been hovering in the top three. Since February 2013, India cotton has increased significantly. At present, the total stock is 24808 tons, ranking the first place, which is 22317 tons higher than that at the end of 2012.
[market review]
At present, the fundamentals, policies and positions are expected to be more profitable in the market, but on the technical side, the so-called resistance will be encountered after breaking through the high point. At the moment, under the condition of multiple operations, the new position can take a low absorption strategy. Zheng cotton can buy between 20100~20500, and thinks that the reason why the period can be entered is that the short-term price is below 20500, after consolidation, it will be increased again by the purchase of funds, but the adjustment is limited to the interval.
- Related reading
Thailand Acrylic Fiber Has High Added Value To Promote Acrylic Fiber Market Growth
|- Fabric accessories | Fabric Enterprises Interpret Different Ways Of Single Product Diversification In Different Ways.
- Attract investment | List Of Recent Textile And Clothing Projects Around The World (9.5)
- Enterprise information | Latest Analysis Of Domestic Textile Enterprises (9.5)
- Industry Overview | Latest Information Express Of International Textile Industry (9.5)
- policies and regulations | Export Tax Rebates May Directly Determine The Life And Death Of An Enterprise.
- Equipment matching | Yinzhou Annual Performance Allowance Ensures Steady Development Of Sewing Machine Accessories Enterprises
- Design Frontiers | Designer Wang Zhu: Hand Embroidered Clothes Are Luxury Goods.
- Industry leader | Wang Yuxin, Hongkong Fashion Institute, Won The Title Of 2013 Top Ten Fashion Designers In Guangdong.
- News Republic | Kava Shima Brand Is Leading The Trend Of Metamorphosis And Showing Femininity.
- Instant news | In The Next Five Years, China's Original Luggage Brand Will Be An Outbreak Period.
- The Latest Trend Of International Textile Industry
- The Way Out Of Chemical Fiber Industry: R & D And Technological Innovation
- European Textile And Garment Accelerate The Process Of Internationalization
- Shanghai International Footwear Exhibition Debuted In China
- The Micam Shanghai Shanghai International Footwear Exhibition Debuted In China (Chart)
- VSHOLIDAY Cheap Fashion Men'S Wear
- Minnetonka China General Agent: The Leisure Footwear Market Is Huge
- Brandon Mens Compete For High Cost Performance
- The Fifth Changshu Fashion City Cup "Dazzle Dance"
- 2013年1月溫州市鞋出口特點和問題分析