Spot Price Down Again, Zheng Cotton Fell Slightly

< p > domestic trend: 29, Zheng cotton 1501 contract fell slightly, opening at 16150 yuan / ton, closing at 16110 yuan / ton, compared with the previous trading day fell 40 yuan / ton, turnover volume shrank sharply, increased 894 positions to 125944 hands.

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< p > external trend: Intercontinental Exchange (ICE) cotton futures fell from the four highs on Monday, encountering technical resistance and prompting investors to make profits.

The most active ICE-7 month cotton fell 1.02 cents, or 1.1%, the settlement price closed at 92.23 cents per pound, 93.53 cents higher.

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< p > message: < /p >

< p > 1, and recently learned from relevant departments that Henan has included cotton in the pilot scale of approved deduction of input tax.

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< p > 2, the India Garment Export Promotion Committee (AEPC) recently said that in the first few months of March -2014, India rupee depreciated, the US economy recovered, and India's clothing exports amounted to US $14 billion 940 million, up 15.4%. In April 2013,

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< p > spot: cotton index 3128B price is 17527 yuan / ton, down 171 yuan / ton compared with the previous day.

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< p > conclusion: domestic cotton spot prices continue to decline, which has negative impact on Zheng cotton price.

Technically, Zheng cotton 1501 contract to maintain a weak oscillation operation, focusing on the 60 day average pressure.

Short term wait-and-see is appropriate for operation.

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< p > overnight overnight, the 29 day the US stock market strong and commercial selling dried up triggered a lot of technology buying. ICE futures contract broke through the previous high point in July, and finally closed at 94 cents or more, and the volume was significantly enlarged.

The July contract broke through the pre consolidation area and opened up the rising channel, and cotton prices will continue to be strong.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > cotton market < /a >, at present, the textile mills are not enthusiastic about national cotton auction, and the gambling government will issue quotas in May.

Judging from the market situation, the decline in cotton prices has not affected cotton traders' confidence, especially the high grade cotton prices are expected to remain strong.

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< p > spot quotation. In April 29th, the international cotton index (SM) 100.28 (cents / lb), fell 101 points, folded the general trade port delivery price 16526 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated according to the Bank of China's middle price), M pointed out 96.89, fell 100 points, folded the general trade port price 16142 yuan / ton.

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< p > National Reserve dynamics. On the 29 day, the Central Cotton store plans to go out of stock, sell and reserve 90 thousand tons of cotton, all of which are made of domestic cotton, and the turnover is 30 thousand tons, with a turnover rate of 32.83%.

As of that date, 2013 a href= "http://www.91se91.com/news/index_c.asp" > reserve cotton < /a > in the year of 1 million 325 thousand and 600, with a turnover of 1 million 325 thousand and 600 tons, including 1 million 237 thousand and 600 tons of domestic cotton and 88 thousand tons of imported cotton.

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< p > market analysis, < a href= "http://www.91se91.com/news/index_c.asp" > import quota < /a > gradually issued to boost the price of foreign market running high; China's cotton policy has become a fulcrum, guiding the international cotton price.

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< p > operation. The internal disk is waiting for the direct subsidy rules.

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