Cotton Price Quotation In Cotton Futures Market In September 18, 2013

< p > [MEIKO futures] under the new standard, the progress of collection and storage is the key section, the early stage cotton is disordered and weak shock < /p >.

< p > overnight overnight, there is no new news on the 17 day market. The slow growth of US cotton growth constitutes a support for cotton price. The ICE stage cotton plate has risen slightly, basically recovering the previous day's decline, but the market remained light trading.

At present, there is no improvement in downstream demand. < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > factories do not want to purchase at high cotton prices. In addition, the Fed meeting has attracted market attention, and whether the scale of debt purchase will be reduced will be answered after the conference is over.

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< p > cotton Market: on 1 and 17, the price of China's main port of imported cotton decreased as a whole, and the quotations of various varieties fell by 0.46-0.50 cents.

At present, the consignment cotton trade in the bonded area is light, and the contracts for long-term arrival are rare. The main reason is that the textile mills have hopes for China to throw the store again. The new era of the new cotton market in the northern hemisphere will be pported to China for a long time, and any policy will have an impact on the market.

In the near future, the market will remain on the sidelines, and it is difficult for textile enterprises to enlarge their purchases of foreign cotton.

2, domestic cotton prices have increased slightly.

At present, the market basically agrees that the US cotton market will be postponed, so the inquiry price of the textile mills to Australia cotton, India cotton and even Central Asia cotton has increased significantly. The scale of China's acquisition and storage and subsequent policies will have a significant impact on the foreign cotton market.

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< p > spot quotation, USA C/A cotton 96.35 (cents / pound), port delivery price 15805 yuan / ton (calculated by sliding tax); Uzbekistan cotton 100.41, port delivery price 16284 yuan / ton; India cotton 90.21, port delivery price 15118 yuan / ton; CNCotton A 20136 yuan / ton; CNCottonB 19279.

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< 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.

US cotton is concerned about buying support near 80; the current price has been running under pressure, 01 Zheng cotton 19800, 05 contract 19000.

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< p > operation, the cotton price in the near future is disordered and concussion. It is suggested that the empty warehouse should be celebrated during the long holidays.

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< p > [Hongyuan futures] cotton January difficult to change the shock pattern < /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 textiles: polyester staple fiber 10245 yuan / ton; viscose staple fiber 13300 yuan / ton; C32S price 25840 yuan / ton.

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< p > 2. imported cotton: in September 17th, the price of China's main port of imported cotton decreased as a whole, and the quotations of various varieties fell by 0.46-0.50 cents.

At present, the consignment cotton trade in the bonded area is light, and the contracts for long-term arrival are rare. The main reason is that the textile mills have hopes for China to throw the store again. The new era of the new cotton market in the northern hemisphere will be pported to China for a long time, and any policy will have an impact on the market.

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< p > 3. growth survey: the national a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > market monitoring system began to investigate cotton growth 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 contact 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.

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< p > 4.USDA: according to the September global cotton supply and demand forecast released by the US Department of agriculture (USDA) on the evening of 12, the total output of the world's cotton in the year of 2013/14 is 25 million 566 thousand tons, which is 226 thousand tons higher than that predicted in August, 23 million 847 thousand tons of consumption and 71 thousand tons reduced; the end of the stock is 20 million 625 thousand tons, with an increase of 210 thousand tons.

It is estimated that the world's cotton output will reach 26 million 353 thousand tons in 2012/13, 23 million 356 thousand tons of consumption and 18 million 733 thousand tons at the end of the year.

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< p > 5. India cotton: according to the news of foreign power in September 12th, India's cabinet Economic Affairs Committee (CCEA) will consider submitting a proposal to levy 10% export tariffs on India cotton to the Ministry of textiles to ensure domestic cotton supply.

At present, this proposal has been listed on the agenda of the Ministry of textiles of India, and will be discussed at the 13 meeting.

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< 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.

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< p > 7. ICE cotton: in September 17th, there was no new news in the market. The slow growth of US cotton growth was a support for cotton price. The ICE period of cotton market increased slightly, basically recovering the previous day's decline, but the market remained light trading.

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< 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 is no essential change in the pattern of a href= "http://www.91se91.com/news/index_s.asp" > cotton market < /a >, and there will be no big market for CF1401 contracts.

The USDA report has little impact on Zheng cotton because the report can not affect the cotton pattern in China.

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