US Cotton Export Weekly To Boost Zheng Cotton Weak Shock Continued

Zheng cotton 1501 contract opened at 13165 yuan / ton, closing 13230 yuan / ton, down 130 points, down 0.97%, margin increased; the 1505 month contract opened 13050 yuan / ton, closed at 13005 yuan / ton, fell 215 points, dropped 1.63%, held positions increased.

Zheng cotton holdings increased to 845 thousand, total

It increased to 521 thousand hands compared with the previous trading day.

The main positions in the ranking of seats, the total number of seats to increase positions 10153 hands, empty seats increased 6546 positions.

Aspect: American cotton

According to the weekly report, in the week ending November 6th, the net contract volume of US cotton exports was 38 thousand and 900 tons, an increase of 140% over the previous week.

Affected by this good news, the ICE cotton contract in March opened higher, the closing price was 59.63, up 88 points, taking into account the damage of technical graphics, the pressure near the 5 day moving average is larger.

Registered inventory of 20364 packages, an increase of 701 packages.

On the spot side: China's cotton price index 3128B level is 14786 yuan / ton, down 15 yuan / ton.

The number of warehouse receipts was 476 yesterday, an increase of 3, of which 180 were valid forecasts.

The quotations from foreign cotton to Hong Kong are mixed, and the US cotton C/A SM A-A/8 "is flat, at 77.35 cents / pound, sliding price after tax is 14192 yuan / ton, the difference between domestic cotton price is 594 yuan / ton, India cotton SM 1-1/8" reported 67.85 cents / pound, flat, sliding after tax duty paid price is 13403 yuan / ton.

Statistics of the National Bureau of statistics showed that in October 2014, the industrial added value of above scale increased by 7.7%, an increase of 0.3 percentage points lower than that in September.

Compared with the previous month, the growth rate in October was 0.52%.

In 1-10, the added value of above scale industries increased by 8.4% over the same period last year.

Among them, the added value of the textile industry increased by 6.3%; the added value of the textile industry increased by 6.5% in 1-10 months.

The operation suggests that the US cotton will be lifted up by the export weekly report.

At present, the effective warehouse receipts of Zheng merchants continue to increase. At present, the contract remains low in May, and there is a demand for rebound in technology. However, there is a lot of rebound resistance in the empty market atmosphere.

The acquisition of cotton at home is coming to an end. The difficulty of lint sales is exacerbated by the decline in the enthusiasm of the textile enterprises, and the idea that the company is keeping track of the shock is May. The contract is concerned about the 13700 front line pressure.