Cotton Daily Review: It Is Advisable For Investors To Watch Carefully For The Time Being.

< p > < strong > < /strong > < a > href= > http://www.91se91.com/news/index_c.asp > strong > ZHENG cotton < /strong > /a > strong > main market review: < /strong > < > >
< p > today, the CF1405 contract opened up sharply and recovered all the previous trading days. The price in the early market was 18795 yuan / ton, the highest price in the day was 18890 yuan / ton, the lowest price was 18795 yuan / ton, closing at 18845 yuan / ton, closing price rose 75 yuan / ton compared with the previous trading day, or 0.40%. The main contract concluded 34254 hands during the day, an increase of 22252 hands compared with the previous trading day, with a 64758 hand holding and a 1440 reduction. < /p >
< p > < strong > external market cotton Market Review: < /strong > < /p >
< p > the Federal Reserve announced that it would reduce the scale of the purchase of debt, suggesting that its confidence in the US economy was enhanced, and the overnight ICE cotton rose slightly. The main contract 03 opened at 82.95 cents / pound, the lowest to 82.50 cents / pound, the highest price in the day was 83.20 cents / pound, closing price was 83 cents per pound, compared with the closing price of the previous trading day, 0.05 cents / pound, or 0.06%. The main contract concluded 11256 hands during the day, an increase of 1846 hands compared with the previous trading day, and 110 thousand hands in the position, reducing 666 hands. < /p >
< p > < strong > basic data: < /strong > < /p >.
< p > 1. spot: China's 328 class cotton price index today reported 19521 yuan / ton, up 3 yuan / ton compared with the previous trading day. The M cotton import price index (FCIndexM) dropped 84 points compared with the previous trading day, at 92.82 cents / pound, and 15397 yuan / ton under the sliding tax. < /p >
< p > 2. storage and withdrawal: in December 18th, the planned storage and storage of 130120 tons, the actual turnover of 46200 tons, the transaction ratio of 35.5%, compared with the previous day to reduce 17320 tons. Up to now, cotton temporary storage and storage totaled 4145280 tons, and Xinjiang totaled 1787400 tons, with 1020690 tons in the mainland. < /p >
< p > 3. < a href= "http://www.91se91.com/news/index_q.asp" > throwing storage < /a > aspects: in December 18th, the amount of cotton put into storage was 22020.2109 tons, the actual turnover was 7729.0011 tons, and the transaction proportion was 35.10%; the average cotton rank was 3.78; the average length was 28.19; the average weighted average price was 18076.75 yuan / ton (up from yesterday's price 117 yuan / ton), the 328 grade price was 18464 yuan / ton (weight), and the resources on the day were all the same as the original national standard, the average price was lower than the CCIndex3128B price (new national standard) of the day, and the average price was less than 1054 yuan / ton. As of December 18th, the total amount of cotton put into the stock market was 336840.0683 tons, with a total turnover of 179568.6117 tons, with a turnover ratio of 53.31%. < /p >
< p > basic analysis: < /p >
< p > at present, the operation of purchasing and storage is running smoothly. The effective registration of warehouse receipts in Zheng cotton market is tight. In addition, the benefit from the sliding tax rate has increased slightly, and the domestic cotton spot price has been stabilizing in the near future. This is the main supporting factor for the current main cotton contract price of zhengmian to remain relatively strong. After the news of the Fed's reduction in the size of the debt purchase, the US cotton market was favorable, which brought support to domestic cotton prices. Today, Zheng cotton's main contract has risen sharply, and volume has increased. However, the position has not followed up. Under the oversupply structure, the short-term rebound of the price will not be optimistic. It is expected that the market will still be dominated by the weak interval adjustment. < /p >
< p > Investment Strategy: < /p >
< p > operation, it is recommended that < a href= "http://www.91se91.com/news/index_cj.asp > > investors < /a > for the time being, it is appropriate to wait and see. < /p >