Ruida Futures: Buying Up, Zheng Cotton Go Higher

　　 domestic Trend: 13, Zheng cotton 1501 contract opened high, opened at 13410 yuan / ton, closing at 13570 yuan / ton, compared with the previous trading day up 245 yuan / ton, turnover volume shrank sharply, the position reduced 11158 hand to 488128 hands.

External trend: ICE rose second weeks ago, and the US Department of agriculture lowered 2014/15's US cotton output forecast before, and worries about tight supply in the short term. The US Department of agriculture's monthly report on supply and demand released a high of 65.50 cents in the ICE-12 cotton market. After that, it cut sharply and increased 0.16 cents, or 0.3%, at 64.10 cents a pound.

　　 Message plane :

In 1 and October 10th, the US Department of Agriculture released the monthly forecast of cotton supply and demand. The report raised the final inventory of global cotton in 2014/15, from 180 thousand tons to 23 million 320 thousand tons. main This is due to the increase in inventory at the beginning of the year, while production and consumption have increased, but they have offset each other.

2, as of October 12, 2014, there were 7 provinces in the 2014 cotton year. 244 cotton processing enterprises processed cotton according to the cotton quality inspection system reform plan and carried out notarization inspection. The inspection volume reached 234745 packages and 53217 tons.

Spot side: cotton index 3128B price is 14885 yuan / ton, compared with the previous trading day fell 50 yuan / ton.

Conclusion: the NDRC will no longer issue cotton import quotas, guide enterprises to use domestic cotton, and do not throw them aside until March 2015, which will boost the futures of Zhengzhou cotton in recent months, and this will also reduce the linkage between domestic and foreign cotton prices in the short term. Technically, Zheng cotton 1501 contract to maintain a trend of oscillation rebound, KDJ index continues to diverge upward, is expected to continue to rise in the short term. On the operation, buy short lines and buy more.

　　 Cotton spot listing transaction Daily: October 13th warehouse incremental cut

In October 13th, the spot trading of the national cotton trading market was 9450 tons, a decrease of 790 tons compared with the previous day. The order volume increased by 130 tons today, with a total order of 29350 tons. Today, spot trading is more open to contracts, higher in the morning market, more stable in the afternoon, and the average price is rising.

Spot trading on the spot has the following characteristics: first, stable transaction, and the contract turnover continued to be sluggish in recent months. The main contracts MA1412, MA1501 and MA1503 were 2310 tons, 3880 tons and 2020 tons respectively. The remaining contracts were in a slump. Two, the order quantity increased, the MA1501 order increased by 200 tons on the same day, and the order quantity of other contracts changed little. The current MA1501 order of 11010 tons is still a major order contract. MA1410 ordered 1130 tons in recent months.

China: according to the net survey, the purchase price of Xinjiang seed cotton increased slightly this week than last week. According to feedback from cotton enterprises, cotton seeds sold by cotton farmers this year are very few, which is much lower than the same period last year. Although the price has been raised this week, the sales volume is still small.

Abroad: cotton prices in India have been stable in recent days, and the price of S-6 ginning plant is about 70-71 cents / lb. In addition, it is understood that the super tropical cyclone "hadhade" landed in the eastern coastal area of India, and the maximum wind speed reached 195 km / h.