Cotton Market Price Quotes

　 [MEIKO futures] cotton cotton sales slow down during the slow down

　　 cotton External trading status: Thailand RSS3 October 25th 2500-2540 U.S. dollars / ton (-50/-50), STR20 2420-2460 U.S. dollars / ton (-40/-40), Malaysia SMR20 2410-2450 U. S. dollar / ton (-40/-40), Indonesia SIR20 2290-2330 (-30/-30), Vietnam SVR10 2240-2260 (-30/ -30).

Thailand dollar RSS3 October 25th - / - USD / ton (- / -), STR20 reported $2380-2400 / ton (-40/-40), Malaysia SMR20 2380-2400 USD / ton (-40/-40), Indonesia SIR20 2330-2350 (-40/-40), Vietnam SVR10 2270-2280 (-40/-50)

China oak network: October 25th SCR WF average price of 18700 tons; SCR10 transaction average price / ton.

Stock exchange situation: in October 25th, the futures contract for natural rubber futures decreased by 190 tons. In the previous period, the warehouse receipts for natural rubber futures were reported to be 101030 tons, Shandong reduced by 30 tons, Yunnan reduced by 70 tons, Hainan reduced by 210 tons, and Tianjin increased by 50 tons.

　 Information and data:

1. the development and research center of the State Council put forward the reform plan for the third plenary session, which is referred to as the "383 plan" briefly, that is, the basic train of thought and action plan of the new round of reform, including the "three in one reform thinking, eight key reform areas and three related reform combinations".

2. Lekshmi Nair, senior economist at the International Rubber Research Group (IRSG), said that due to the beginning of tapping of rubber trees for 2006-2008 years, the output of natural rubber in the world will increase in 2014 on the basis of 11 million 700 thousand tons estimated output in 2013, and is expected to climb 4.5%.

3. the economic and Trade Department of the national development and Reform Commission will hold a meeting on the 25 day to study the import of rubber. China's Rubber Industry Association, Sinochem International, and domestic large tire manufacturers such as double money, Hangzhou Zhongzhi and Fengshen tire will also participate in a number of circulation enterprises in Qingdao bonded area.

Technical analysis and operational suggestions: last Friday, the price of glue dropped sharply under the interference of information. The signal was mainly related to the macro level concerns about the policy of the third plenary session. The meeting of the economic and Trade Commission of the NDRC discussed the issue of imports only to fuel the flames. Back to rubber fundamentals, the number of gum coming to Hong Kong this week will continue to increase, so the short-term rebound will be highly limited. In terms of technology, the collapse of last Friday's trend has damaged the overall rebound pattern. The main support below is in the 18500-19000 line. If the opening is sharply lower, it will not be recommended to continue to empty. In the middle of November, the price of rubber will probably stabilize.

　 [Hongyuan futures] IEC crash does not hinder Zheng cotton shock

Main points

1. Price Bulletin: domestic lint: 129 level 20918 yuan / ton; 229 level 20054 yuan / ton; 328 level 19296 yuan / ton; 428 grade 18679 yuan / ton. domestic Spin Product: polyester staple fiber 9760 yuan / ton; viscose staple fiber 12950 yuan / ton; C32S price 25830 yuan / ton.

2. imports of cotton yarn: according to some domestic cotton yarn importers, in recent days, India and Pakistan and other countries cotton yarn export CIF quotation again appeared a large decline, the range generally reached 0.05-0.10 USD / kg. Some traders believe that if there is no sign of obvious improvement in the domestic market before mid November, the pressure of repayment and repayment will appear before the end of the year.

3. domestic stock: in recent years, the temporary storage and purchase policy in 2013 is in an orderly manner, and volume is increasing. The sales situation of the downstream fabric has improved, but the price of domestic yarn market is stable, and the textile enterprises are facing difficulties in operation and the pressure of funds is gradually emerging.

4. agency report: the global cotton production and demand forecast released in October by the International Cotton Advisory Committee (ICAC) considers that global cotton output in 2013/14 will be lower than that in the past three years, while global cotton consumption will remain stable.

5. Textile Economy: according to the latest statistics of the General Administration of customs, in September 2013, China imported 201 thousand tons of cotton yarn, a decrease of 1.19%, an increase of 46.01% compared to the same period last year, 42 thousand and 400 tons of cotton yarn exported, 3.21% reduction in the ring ratio, an increase of 19% over the same period last year, a net import volume of 158 thousand and 600 tons, a decrease of 0.64% over the previous month, an increase of 55.45% over the same period last year. According to the historical data released by the General Administration of customs, 1-9 months in 2013, China imported 1 million 567 thousand tons of cotton yarn, an increase of 44.21% over the same period last year, and a total of 391 thousand and 400 tons of cotton yarn exported, an increase of 22.72% over the same period last year.

6. the purchase and storage of new cotton: in October 25th, the announcement of the China cotton reserve management company announced that it planned to store and store 178100 tons of cotton in 2013, and the actual listing was 154550 tons, with a turnover rate of 86.8%, an increase of 101490 tons compared with the previous day. The mainland library plans to close and store 42300 tons, with a turnover of 19590 tons, with a turnover rate of 46.3%.

7. cotton production in Brazil increased by 28.3% in 2013/14. Recently, the Brazil national supply company (CONAB) said that cotton production in Brazil is expected to reach 1 million 670 thousand tons in 2013/14, an increase or 22.3-28.3% in the year. Cotton harvest area is expected to expand from 16.8-22.5% to 1 million 40 thousand -109 hectares.

8. ICE cotton: in October 25th, the ICE futures market after a series of heavy falls attempted to stabilize, but the new cotton harvest in the northern hemisphere accelerated, and the pressure on US cotton supply increased. Weak demand prompted cotton prices to fall again, and prices hit the biggest weekly decline since August.

Summary:

Last trading day ICE Stage cotton Continue to fall, the impact on domestic cotton is not great, from the atmosphere should have a partial impact, but will not change the pattern of Zheng cotton. Based on the idea of interval concussion, Zheng cotton has a short or many opportunities in January.