Cotton Price Quotation In Cotton Futures Market In September 11Th

　 Hongyuan futures] there will be no big market for cotton policy unchanged.

Main points

1. Price Bulletin: domestic lint: 129 level 20918 yuan / ton; 229 level 20054 yuan / ton; 328 level 19193 yuan / ton; 428 grade 18583 yuan / ton. domestic Spin Product: polyester staple fiber 10245 yuan / ton; viscose staple fiber 13300 yuan / ton; C32S price 25840 yuan / ton.

2. production area dynamics: Recently, some cotton regions in Hebei, Shandong and Henan began picking cotton seeds, but the quality of seed cotton harvested at present is quite different. With the progress of picking cotton seed, most cotton enterprises say the acquisition will start in mid 9. At present, the details of storage and purchase have not been announced. Cotton farmers, cotton enterprises and spinning enterprises have different mentality.

3. growth survey: the national cotton market monitoring system launched an investigation on the growth of cotton throughout the country in mid and late 8. Samples were taken from 15 provinces (autonomous regions), 90 cotton planting counties (cities, farms), and 4493 designated cotton planting information households. According to the survey results, as of the end of August, the agrometeorological disasters in China were widespread, and some areas were moderately biased, which had a great impact on cotton production. The average cotton yield and total output were estimated to be lower than the previous year.

4. cotton yarn imports: on 22-29 August, the quotation of cotton yarn export in the international market was divided. The quotation of cotton yarn in India and Pakistan was steady and the export volume was slightly reduced. However, the export of cotton yarn in Vietnam, Indonesia, Malaysia and other ASEAN countries showed a pattern of a small price drop and a rebound in sales volume.

5.ICAC: the global demand and demand forecast for September released by the International Cotton Advisory Committee (ICAC) said that since twentieth Century, the Klock A index and China's chemical fiber prices are basically the same for most of the time, but the gap between the two began to widen at the beginning of 2009/10. By the year 2013/14, the A of the A has been significantly higher than that of China's chemical fiber prices for the past fifth years.

6. cotton inventory: according to the sampling survey of the national cotton market monitoring system, as of September 6th, the average daily use of cotton in the sample survey enterprises was about 42.4 days (including the quantity of cotton imported to Hong Kong), an increase of 1.6 days, an increase of 5.7 days compared with that of the previous three years, an increase of 7.8 days compared with the average level of nearly three years. According to relevant data projections, the national cotton industry inventory of about 904 thousand tons, an increase of 3.8%, an increase of 12.5% over the same period, an increase of 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.

7. ICE cotton: in September 10th, before the USDA monthly report, investors re established their positions and stimulated the ICE cotton main contract to increase by nearly 100 points, the largest single day gain in three weeks. At present, China is expected to maintain strong demand in the market, and USDA is expected to increase its consumption in China this year.

Summary:

The cotton purchase and storage transaction in 2013 was carried out in September 10, 2013 through the national cotton trading market storage and storage system, and the trading rules were implemented in accordance with the 2013 cotton temporary purchase and storage transaction method. Its impact has been reflected in the previous few days, and the impact on the disk will not be great after the release. In the long run, the policy is not flaunting, the cotton market structure has not changed, and there will be no big market for CF1401 contracts.

[MEIKO futures] pay attention to the purchase and storage of new standard Zhengzheng cotton waiting Guide

Overnight, 10 days before the USDA monthly report, investors re established their positions and stimulated the ICE cotton contract increase by nearly 100 points, the largest single day gain in three weeks. At present, China is expected to maintain strong demand in the market, and USDA is expected to increase its consumption in China this year. In the past three trading days, ICE cotton gradually recovered the last week's decline, but once the USDA report fails to meet market expectations, cotton prices will fall back.

Cotton Market: 1 and 10, the price of China's main port of imported cotton rose slightly, and the quotations of various varieties rose less than 0.3 cents. As China started to buy and store, and no longer had to sell, there was an increase in enquiries for port consignment cotton, but the actual turnover was very limited. It is understood that the quality of cotton and cotton in Central Asia are the main objectives of the textile mill. For the market trend, if Xinjiang cotton continues to enter the store on a large scale, the price of high-grade cotton will remain strong. 2, pay attention to the acquisition and storage of cotton under the new standard.

Spot quotation, US C/A cotton 95.85 (cents / pound), port delivery price 15747 yuan / ton (calculated by sliding tax); Uzbekistan cotton 99.91, port delivery price 16224 yuan / ton; India cotton 89.71, port delivery price 15064 yuan / ton; CNCotton A 20130 yuan / ton; CNCottonB 19277.

Market analysis, zhengmian New Year's purchase and storage work officially started, pay attention to "cotton new standard" under the purchase and storage dynamics. Mei cotton pays close attention to 80 near buying, strong pressure 01 Zheng cotton 19800, 05 contract 19000.

Operation, pressure cf01 19800; cf05 19000, more short on the short line.

　 [Wanda futures] cotton early comment

China has officially entered the buying and storing season. Under the current price difference structure, new cotton will be stored in large quantities inevitably. Imported cotton will become the first choice for some enterprises before China throws the store. The market is expected to support the ICE price from China's strong consumer buying. Overnight, the December contract continued to rebound, rising 0.97 cents to 84.47 cents / pound. The continuation of the rebound trend did not change, and the strong support position of 82 cents / pound was once again verified. USDA will announce monthly demand and supply reports on Thursday, and the market is expected to increase consumption in China, which may lead to a rebound in cotton prices before the report is released.

Tuesday ICE Stage cotton Continue to rebound, the main force in December contract Zhongyang closed, breaking through the suppression of short-term average, but the EMA system remained unchanged, although the KD and MACD index continued to fall short, but the two had the trend of adhesion forming a long gold fork, the MACD index green column continued to shorten, the cotton price strengthened, the 82 cent / pound support position was verified again, the rebound is expected to continue, and the December contract is expected to challenge the 89 cent / pound pressure level again.

As the rules for storage and purchase have been announced, China's policy of purchasing and storing has gradually become clearer. In general, the regulation of quality will be more stringent, which will increase the cost of entering and storage. At the same time, the new rules limit the Arbitrage Behavior of buying Zheng cotton into the national reserve. On the other hand, the requirements for foreign fiber and processing quality are relatively strict, which may lead to some cotton entering the Zhengzhou cotton market and forming pressure on Zheng cotton. In the last year of the year, the open limit is basically limited. Based on the pressure of storage and capital, the government may start selling at a low price in November, and the spot cotton price will remain weak. The high ranking Zheng cotton is difficult to attract financial intervention. When the fundamentals and policies are all bad for a long time, Zheng cotton will easily rise and fall. It will not change the way to maintain the short term of Zheng cotton. It is advisable to continue to increase the air holding position for every rally pressure point. The short-term target of the 1405 contract will be 18300 yuan / ton.

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[German futures] receipt and storage rules announced Zheng cotton arbitrage opportunities appear

On Tuesday, CF1405 was finishing sideways, and CF1405 closed 19820 hands. CF1405 closed at 18780 yuan / ton, up 25 yuan / ton, increased 6404 positions; in September 10th, China's imported cotton (FC Index M) 96.11 cents / pound, up 0.52 cents, 1% yuan tariff reduced price 15115 yuan / ton, sliding price conversion price 15838 yuan / ton.

According to New York's September 10th news, the ICE cotton futures rose on Tuesday, recording the largest single day increase in more than three weeks, as China began to purchase and store this week, and the market expects Thursday's USDA monthly supply and demand report to show that China's demand continues to be strong. ICE cotton contract in December rose 0.97 cents, or 1.2%, at 84.47 cents a pound.

In September 10th, the cotton trade in the national cotton trading market reached 17360 tons, an increase of 1600 tons compared with the previous transaction. The order quantity will be reduced by 60 tons and the total order will be 14560 tons. Domestic market: today's whole cotton yarn trading volume is stable, the price of medium and low grade yarn is still declining, local turnover has increased slightly, the price of high-grade and high count yarn is mainly stable, the order recovery is slow, and the overall market is difficult to go up. With the inventory consumption of textile enterprises, there is a certain desire to replenishment in the near future.

Tuesday Zheng cotton CF1405 side plate shocks, storage and storage rules announced that the quality of low-grade lint can not be imported into storage, then a large number of registered warehouse receipts will be generated outside the storage. According to the Cotton Association statistics, this part of lint is about 30%, so the 1401 and 1405 contracts are facing the same Fundamentals, but the price difference has reached 1000 yuan / ton. At present, the best operation strategy is empty more than 1401 1405, and the price difference is expected to be significantly reduced. It is suggested that investors can intervene in empty more than 1401 1405 arbitrage at present price, and the reference price range of CF1401 is 19600-19900.