Zheng Cotton Futures: Double Star Under High Shock Line

Kuitun, Changji and other places have a small number of pre harvest flower picking and listing, because the lint is generally only 35-37%, and the seed cotton moisture is generally 15%-20%, plus the 2014 "Xinjiang direct subsidy" policy has not been introduced yet, and there has been little introduction of the "direct subsidy" policy in Xinjiang, which has been very few at the beginning of the purchase or planned before September 15th. The pre flowering price of the ginning flower factory is priced at 6.20-6.30 yuan / kg (40 liners), the highest purchase price of 6.50 yuan / kg has already appeared, and the farmer's lowest expectation is 7 yuan / kg, and the seed cotton sale is in a stalemate. Only 7 cotton enterprises in Akesu, Bachu, and Kemi and other places in the southern Xinjiang are concentrated in 38-40%, and the purchase price is at 6.8-7.2 yuan / kg. Basic situation: it is understood that as of September 9th, Shihezi, Northern Xinjiang

Technical analysis: Tuesday

In December, the contract rose and closed. Today's early trading is adjusted. The price is still suppressed by the EMA. There is no sign of obvious warming in the midline technology, and the 60 minute chart has formed an upward trend.

Relatively strong, the continued rebound in the market outlook can be concerned about the performance of 66-65.5 US partition, such as breaking through this position, the possibility of a trial of 68 cents in the future market, and vice versa sliding 65.5 cents, then there is a possibility of lower market before trial.

today

The CF1501 contract opened up concussion and closed the star line, the price is below the 5 day moving average, the midline technology is bad, the 60 minute figure is high and the adjustment is short, and the short term form stops. The market can continue to go up and pay close attention to the performance of the 13750-13870 interval. If we confirm that the center of gravity moves upward, the short term is expected to continue to rebound. Otherwise, if we try again 13500, it is expected to form an interval trend.

Operation suggestion: CF1501 contract is held cautiously with empty single space, and the next trading day will continue to rebound, focusing on the performance of the price range in the 13750-13870 interval.

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The price of cocoon silk is further down, and the downstream demand is pessimistic, which can not lead to the orderly operation of the whole industrial chain.

There is a lack of good news in the current market and will remain weak and volatile for some time to come.

The 10 day cocoon silk disc contract all fell, the biggest decline is the raw silk main contract 14093, fell by 0.78%; and the dry cocoon plate paction atmosphere is still cold and cheerless, the former main contract GJ14093 has no turnover today, the cocoon silk market spring has not arrived.

A total of 12 batches of dry cocoons were sold on the same day, the total order volume was 38 batches, the 15033 contract decreased by 300 yuan, and 109 thousand and 700; the total turnover of raw silk was 132 batches on the same day, the total order quantity was 711 batches, 14093 contracts fell by 2580 yuan, and the 327 thousand and 500 and 15033 contracts were reduced by 327 thousand and 500 yuan, which was reported to be collected.

The market is still showing a downturn trend. The cocoon silk market has not been very optimistic since the first half of the year, and the production and operation status of the major silk reeling enterprises has not improved, resulting in the continuous compression of the profits of the production enterprises.

Although it is at the peak stage of cocoon listing, downstream manufacturers are losing money, so there is no trend of increasing production.

The supply of fresh cocoons is ample, but the market demand is not large, leading to no signs of recovery in the whole cocoon silk market.

In recent days, cocoon silk keeps its bearish pattern unchanged. Although the decline is limited, it has already affected market confidence to a certain extent.

Before September 6th, the large silkworm area in northern Guangxi began to enter the peak period of the first batch of autumn cocoon acquisitions this year. The local autumn cocoons were listed this week. The purchase price basically remained stable compared with the initial acquisition of the stock market, and the rise was not obvious. At present, the purchase price is maintained at 36 yuan to 38 yuan per kilogram or so. The price of Yizhou's silkworm cocoons is still stable.

The quality of silkworm cocoons is generally good. From the Yizhou cocoon station, it is known that the gross discount is estimated at around 300 kg, and the rate of relaxation is about 65%. The situation of increasing and decreasing production of cocoon cocoons is not very obvious.

The first batch of autumn cocoons will be on sale around the weekend, and the second batch of autumn cocoons will start listing in two weeks.