Zheng Cotton Rebounded Sharply On The 13 Day, Reaching 1 Million 520 Thousand Hands.
Suffer
commodity
The impact of the overall market rebound, Zheng cotton rebounded sharply on the 13 day.
The main 1109 contract closed at 27570 yuan per ton, up 990 yuan from yesterday's settlement price. The turnover reached 1 million 520 thousand hands, 160 thousand fewer than the previous trading day, and 220 thousand hands increased by 14 thousand hands.
Before the relevant departments introduce new regulatory policies, Zheng cotton is expected to continue to rebound, and the main 1109 contract will probably rebound to around 29000 yuan.
The global supply and demand situation of cotton has not changed much.
According to the US Department of agriculture's December supply and demand report released on the weekend,
cotton
The total output of 25 million 154 thousand tons, up 61 thousand tons from last month, mainly increased the output of Australia and Brazil, and the cotton output of the United States, Pakistan and Uzbek were reduced to varying degrees.
The US output is expected to be 3 million 980 thousand tons, a decrease of 30 thousand tons compared with last month.
China's output is 6 million 532 thousand tons, unchanged.
Global consumption has been cut for second consecutive months, and the world is expected to spend 25 million 310 thousand tons, a decrease of 125 thousand tons from the previous month.
Among them, US cotton consumption was 770 thousand tons, up 20 thousand tons from last month.
China's consumption is 10 million 233 thousand tons, unchanged from last month's figures.
USDA expects us cotton exports to be 3 million 429 thousand tons, unchanged from last month's forecast.
The end of the world inventory is estimated at 9 million 450 thousand tons, up from 9 million 190 thousand tons forecast last month, an increase of 260 thousand tons.
The US stocks 410 thousand tons, down 70 thousand tons from 580 thousand tons last month.
China's final inventory is 2 million 879 thousand tons, consistent with last month's figures.
In addition, in November
Commercial library
Deposits increase faster.
According to the survey of China cotton information network, as of the end of November 2010, the total domestic cotton business inventories amounted to 2 million 690 thousand tons (including cotton and cotton entering the circulation link, excluding national cotton reserves), which was 1 million 90 thousand tons higher than the 1 million 600 thousand tons at the end of October.
Among them, the mainland's commercial inventory is 1 million 660 thousand tons, and the commercial inventory in Xinjiang is 1 million 30 thousand tons.
In the real estate area, there are 980 thousand tons of inventory in Hebei, Shandong and Henan provinces in the the Yellow River basin, and 460 thousand tons in the four provinces of Jiangsu, Anhui and Huxiang provinces in the Yangtze River Basin, and 220 thousand tons in other scattered areas.
Policy is the main factor leading to the recent trend of cotton prices.
The main reason for the rise in cotton prices today is that there was no policy of raising interest rates at the end of last week, which was interpreted as positive by the market.
In the near future, there are no new regulatory measures against the cotton market. The policy is relatively calm.
Therefore, if the more relaxed policy environment continues, Zheng cotton may continue to go up.
Zheng cotton will continue to downlink once it has introduced a regulatory policy for liquidity or the cotton market.
Technically speaking, the first pressure level of zhengmian 1109 contract is 28000 yuan, and the second pressure level is near 29000 yuan.
Under the uncertain trend, investors should strictly control positions within 30%, and have a sound operation plan.
- Related reading
- News Republic | Net Profit Decreased By More Than 30% In The First Half Of The Year And The Flying Bird Could Still Fly High.
- Fashion brand | In Korean Drama Middle School Workplace Wear, Take Korean Drama Wear 5 Skills.
- Fashion blog | The Hottest Pants In The Early Autumn, The Short Legs And Legs, The Girl's Savior, Even The Temperament Has Become Advanced.
- Fashion character | At The Age Of 16, Guo Xiang Was Dressed In A Pink Navel To Assemble Jeans.
- Fashion character | At The Age Of 22, Xu Jiao Became More And More Dressed. The Hanfu Dress Was Charming And Cute, The Longer It Looked Better.
- Fashion character | Zheng Shuangshu Exploded His Head With A Tight Waist, And The Stage Was Hot And Mature.
- Fashion character | Wu Xun Said That The Style Of Private Clothes Is Much Less Than That Of Movable Dresses, And The Legs Are Well-Balanced.
- Fashion character | Ouyang Nana's Canvas Shoes Are So Fashionable, Not Like Little Girls.
- Fashion character | She Is "Little Joy" Qiao Yingzi, Cut Long Hair For Water Lake Blue Gauze Skirt, Beautiful Campus Goddess.
- Fashion blog | Hua Chenyu Wore A Metal Sequin Suit, Elegant And Curly.
- Hat Design &Nbsp; High Heels Worn On The Top Of The Head.
- Japan Reports On The Twelfth Five Year Plan For The Development Of Fiber Industry In China
- "China Genuine Leather Shoes King" BELLE Merchants
- Shishi Rich Birds And Leather Shoes Merchants
- How To Deal With Angry Boss?
- What Is Good Display Design?
- Matters Needing Attention Before Exhibitors Attending Exhibition
- Standardize Document Processing &Nbsp; Jingzhou Municipal Finance Bureau Carries Out Knowledge Training In Document Processing.
- Matters Needing Attention In Booth Construction
- 領(lǐng)導(dǎo)力制勝法則