Cotton Price Quotation In Cotton Futures Market In September 12Th

< p > > span style= "font-size: 12px"; [Hongyuan futures] pattern determines the ending < /span > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20918 yuan / ton; 229 class 20054 yuan / ton; 328 level 19193 yuan / ton; 428 grade 18583 yuan / ton.

Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 10245 yuan / ton; viscose staple fiber 13300 yuan / ton; C32S price is 25840 yuan / ton.

< /p >

< p > 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.

< /p >

< p > 3. growth survey: the national cotton market monitoring system began to investigate the growth of cotton throughout the country in the middle and late 8 months. Samples were taken from 15 provinces (autonomous regions), 90 cotton planting counties (cities, farms), and 4493 designated cotton planting information users.

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.

< /p >

< p > 4. Cotton Yarn Import: on 22-29 August, the quotation of cotton yarn export in the international market was divided. India and Pakistan cotton yarn quotations were stable and the export volume was slightly reduced. However, the export of cotton yarn in Vietnam, Indonesia, Malaysia and other ASEAN countries showed a small price drop and sales rebounded pattern.

< /p >

< p > 5.ICAC: the global demand and demand forecast released in September by the International Cotton Advisory Committee (ICAC) considers that since twentieth Century, the Klock A index and China's chemical fiber prices have basically been the same for most of the time, but the gap between the two began to widen from 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.

< /p >

< p > 6. cotton inventory: according to the sampling survey of the national cotton market monitoring system, as of September 6th, the average daily stock of cotton used by the sample 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.

< /p >

< p > 7. ICE cotton: in September 11th, investors waited for the USDA monthly report to point out the direction of the market. The volume of cotton turnover in the ICE period continued to decline, the overall fluctuation of cotton prices was not big, and the main contract fell by 12 points.

< /p >

< p >? Summary: < /p >

< p > 2013 cotton purchase and storage paction was carried out in September 10, 2013 through the national cotton trading market storage and storage system, and the relevant trading rules were implemented according to the 2013 cotton temporary purchase and storage paction method.

Its impact has been reflected in the previous few days, and the impact on the disk will not be great after the release.

The pattern determines the outcome. In the long run, policy will not change. There will be no essential change in the cotton market structure. There will be no big market for CF1401 contracts.

< /p >

< p > [Wanda futures] cotton early comment < /p >

< p > 12 days, USDA will issue monthly supply and demand report in September. The market expects us cotton production to increase. On the other hand, as China starts purchasing and storing, the market also expects China to increase imports. This keeps ICE stage cotton from shaking up. On Wednesday, the US cotton rebound trend is temporarily blocked. The main force's December contract callback is 0.12 cents to 84.35 cents / pound, and the rebound trend of cotton price has not changed.

The USDA report does not change the key problems of tight cotton resources, the sharp reduction in production in the new year and China's purchasing and storage. China's buying is expected to support ICE cotton. However, it is widely expected that China's low price dumping will restrict purchases in the future, so it is advisable to take a cautious view of the rebound.

< /p >

< p > ICE on Wednesday, cotton fell slightly, the main contract closed in December, but it still stands on the short-term average line, although the EMA system is kept unchanged, but the KD and MACD indicators have been formed to form a multi headed gold fork. The MACD index continues to shorten the strong area on the 0 axis, and the cotton price becomes stronger. If the USDA monthly report does not have a significant negative effect, the rebound is expected to continue, and the initial target is 87 cents / pound.

< /p >

< p > China's regulations on the storage and purchase have been promulgated. The quality of the stored cotton will strictly control the quality of the cotton storage and purchase, and the warehousing process and capital reflux rate lags far behind 2012. This will lead to a longer storage cycle. Meanwhile, the new rules will strictly restrict the flow of trade cotton into the national reserve. This will restrict the Arbitrage Behavior of the purchase of Zheng cotton 1401 contract, and the 1401 contract will not be able to form a tight market if the long retreat is blocked and the market circulation resources are excessive.

In order to ease the storage capacity and capital pressure, the government may throw the reserve low in November and the spot cotton price may drop to below 18000 yuan / ton. At the same time, the end of the current reserve policy in 2014, the difference between the inside and outside cotton prices will be integrated, and the domestic cotton price will be closer to the international cotton price. The downturn in the spot will eventually drag down Zheng cotton, and keep the short term of the Zheng cotton forward contract unchanged, and continue to hold 1405 contracts.

< /p >

< p > [MEIKO futures] storage and implementation of the market calm, Zheng cotton narrow shock < /p >

< p > overnight, investors wait for the USDA monthly report to point out the market direction, ICE cotton turnover continues to decline, cotton prices fluctuate little overall, the main contract fell 12 points.

Last month, USDA sharply reduced cotton production in the US, which led to a strong rise in cotton prices. The market expects us cotton production forecast to remain the current level this month, while the Bulls believe that USDA will increase the forecast of China's imports.

< /p >

< p > cotton Market: on 1 and 11, China's main port price of imported cotton has generally risen, and most varieties have increased to 1 cents.

At present, China's acquisition and storage has just begun, and the fundamentals of the market have not changed much. But the textile mills have begun to be eager to do so. On the one hand, they are concerned about the quota policy, and on the other hand, they have increased the inquiry of high-grade cotton.

With the advent of new cotton in the northern hemisphere, the quota policy will be the focus of the market. If the demand of cotton mills is difficult to meet, the foreign yarn will continue to be imported as a substitute for raw materials.

2, domestic cotton prices are running smoothly.

The picking rate of cotton growers in various regions has been increasing gradually. In southern Xinjiang, Shandong and Anhui, factories have started to scale up, and seed cotton quotations have gone up, but many manufacturers are still waiting.

< /p >

< p > spot quotation, USA C/A cotton 96.85 (cents / pound), port delivery price 15863 yuan / ton (calculated by sliding tax); Uzbekistan cotton 100.88, port delivery price 16341 yuan / ton; India cotton 90.68, port delivery price 15169 yuan / ton; CNCotton A 20130 yuan / ton; CNCottonB 19277.

< /p >

< p > market analysis, paying attention to the progress and dynamics of the purchase and storage under the new cotton standard, which will have a great impact on the price of cotton both inside and outside the market.

Mei cotton pays close attention to 80 near buying, strong pressure 01 Zheng cotton 19800, 05 contract 19000.

< /p >

< p > operation, pressure cf01 19800; cf05 19000, more short on the short line.

< /p >

< p > < one a < href= > http://www.91se91.com/news/index_c.asp > futures < /a > the price difference is unreasonable. The opportunity of Zheng cotton arbitrage is < /p >.

< p > CF1405 adjusted slightly on Wednesday, and CF1405 closed 13196 hands, with a sharp decrease in positions.

CF1405 closed at 18715 yuan / ton, down 85 yuan / ton, reduced 2076 hands; in September 11th, China's imported cotton (FC Index M) 97.11 cents / pound, up 1 cents, 1% yuan tariff reduced price 15270 yuan / ton, sliding price conversion price 15956 yuan / ton.

< /p >

< p > according to New York's September 11th news, Intercontinental Exchange (ICE) cotton futures closed basically unchanged on Wednesday, as traders adjusted their positions before the USDA announced Thursday's monthly demand and supply report.

The market expects that the Ministry of agriculture will raise the US cotton output forecast in the report.

ICE December contract fell 0.12 cents, or 0.1%, at 84.35 cents per pound.

< /p >

< p > September 11th cotton trading in the national cotton market was 19820 tons, an increase of 2460 tons compared with the previous paction.

Orders increased by 20 tons, totaling 14580 tons.

Domestic market: the focus of domestic lint spot prices continues to move downward, with little turnover.

The price of cotton is also down, but the turnover is light.

The cotton trade between ports was not clear, and the turnover was relatively cold. Buyers had a strong wait-and-see mood. Some enterprises ordered a part of the outer cotton as the replenishment bank, mainly ordering cotton in Australia.

< /p >

< p > > a href= "http://www.91se91.com" > ZHENG cotton < /a > CF1405 low go, receipt and storage rules promulgated, low quality lint can not be imported into storage, then a large number of registered warehouse receipts will be generated outside the storage. According to Cotton Association statistics, this part of lint is about 30%, so the 1401 and 1405 contracts are facing the same basic plane, 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. "A"

It is suggested that investors can intervene in empty more than 1401 1405 arbitrage at present price, and the reference price range of CF1405 is 18600-18900.

< /p >