Mainland Futures: Cotton Medium Term Easy To Fall, Difficult To Rise

< p > strong > International Spot > /strong > /p >

< p > September 9th, the total price of China's main cotton imports rose by about 1 cents.

The question of whether or not the country throws the store again continues to keep buyers cautious about the market, while the delay of a target= "_blank" href= "http://www.91se91.com/" > textile > /a > has also restricted the textile factory's replenishment behavior. The current procurement is still concentrated on a few Port Bonded cotton varieties.

Due to the fact that the number of cotton to port in the next few months is not expected to be large, the bonded cotton stocks in the main ports of our country show a slow downward trend.

Today, the acquisition and storage work was officially launched, and the NDRC announced the rules for the collection and storage. It is certain that it will strictly grasp the situation and the parties concerned pay close attention to the first batch of new flower inspection and the specific situation of the paction.

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< p > < strong > International Futures > /strong > /p >

< p > September 9th, < a href= "http://sjfzxm.com/news/index_s.asp" > ICE period cotton market < /a > insufficient sales, short back subsidy intervention to stimulate cotton prices to rise to close, the market remained light trading as a whole.

At present, investors hope that China's purchasing and storage can provide support for cotton prices.

In addition, this week's USDA supply and demand report is about to be released, and the market expects us cotton output to continue to adjust.

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< p > < strong > domestic stock > /strong > /p >

< p > September 9th, the price of domestic cotton (19685, -10.00, -0.05%) was stable, and the national cotton price A index (CNCottonA) representing the 229 grade cotton price in the mainland was 20130 tons, representing a decrease of 1 yuan compared with 8 days. The B index (CNCottonB) of the national cotton price on behalf of the 328 grade cotton in the mainland was 19277 tons, which was equal to that of the 8 day.

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< p > < strong > domestic futures > /strong > /p >

< p > September 9th, < a href= "http://sjfzxm.com/news/index_p.asp" > ZHENG cotton < /a > CF401 contract opening price 19665 yuan, the highest price 19720 yuan, the lowest price 19665 yuan, closing price 19705 yuan, up 65 yuan; CF309 contract closing price 20975 yuan, fell 25 yuan; total turnover 10268 hands, accumulative position 61654 hands, increase 184 hand.

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< p > < strong > cotton information > /strong > /p >

"P > China cotton industry inventory report (September 2013), according to the national cotton market monitoring system sampling survey related data, by September 6th, the national cotton industry inventory of about 904 thousand tons, an increase of 3.8%, an increase of 12.5%, the average stock increased by 3.4% over the past three years.

The cotton industry stock situation of the main provinces in the country is different, and the cotton industry inventory in Anhui, Fujian, Hunan and Jiangsu is relatively large.

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< p > India: Heaven is so beautiful and the output is so bright.

According to the latest information from the India Meteorological Bureau, the monsoon rains in India have obviously weakened since August, and the rainfall has been below the normal level as early as the beginning of September, which is very beneficial to the increase of cotton yield and timely harvest.

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< p > Nicaragua: < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > demand is greatly reduced, export volume and output decrease.

Because of the serious shortage of foreign demand and the reduction of clothing exports in Nicaragua, garment manufacturers have been cutting clothing production.

In June, the export volume of clothing in Nicaragua was less than US $175 million, the lowest value in 12 months. The output of clothing decreased by 19.5% compared with the same period last year. It has been decreasing since July 2012. It is also the second lowest value in the same period since 1994.

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< p > < strong > market comment < /strong > < /p >

< p > 9, the rules for storage and purchase have been announced. The level determined by the purchase and storage basically covers more than 80% cotton, and the purchase and storage will constitute support for Zheng cotton.

But it is rumoured that in November the Chinese government might throw the store at a low price to ease the demand for textile enterprises. In 2014, the current reserve policy will be terminated, and spot cotton prices may be substantially lower than the 20400 yuan / ton storage price.

From this point of view, cotton prices are supported by short-term storage and storage, while the medium term is easy to fall.

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