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ICE Cotton: Cotton Is Approaching 200 Cents.

2011/2/14 17:05:00 56

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Forcing the warehouse to make

American cotton

Record high

Due to tight supply, the closing of the contract in March is still continuing. On Friday, the ICE cotton March contract broke through the high point of 189 cents / pound during the civil war, and hit a record high of 194.55 cents / pound. Some of the more profitable positions opened up the cotton price, which ended up by 2.39 cents to 189.97 cents / pound.

At present, the focus of the market is mainly on the stock market which is due to expire in March. Under the impetus of fund and business buying, the contract in March will be pushed forward to 200 cents / pound.

Technically, ICE cotton broke through 189 cents / pound pressure level, and the main 1105 contract was as high as 189.37 cents / pound, refreshing the new high since the American Civil War.

At present, the EMA system has maintained a good bull market. Meanwhile, the KD and MACD indicators continue to rise in a strong area. The MACD index is growing, and the rally will continue. If the May contract can break through the historical high pressure point of 189 cents / pound, the upward goal will be 200 cents / pound.

While Zheng cotton has the desire to follow the ICE cotton rise, but because the domestic market downstream operation rate is insufficient.

Goods in stock

Not following the rise, the market can not afford high cotton prices, spot cotton prices have a certain departure, the market needs to be corrected.

At the same time, the pressure of policy is increasing. In the short term, Zheng cotton is facing the pressure of the callback. It is not easy to do more Zheng cotton on the operation. It pays close attention to the short-term support position of the 1109 contract 33600 yuan / ton. If the support fails, it can add a small amount of empty documents, and traders should increase their value in the 1105 contracts.

(Wanda futures Urumqi Sales Department)

ICE cotton futures are high and Zheng cotton futures are weak.

ICE cotton

Flower futures rose on Friday, and the March contract rose 239 points to 1.8997 dollars, up to 1.9455 U.S. dollars. The speculation on fundamentals made the cotton market very speculative at present. Although the US dollar rose and the peripheral commodity performance was weak, speculative trading continued to push cotton prices up to a record high. Cotton prices rose, while the sales process of the US cotton did not slow down. The US Department of agriculture weekly export sales data showed that under the high price, US cotton sales remained smooth. At present, the price of the wave futures has not been pmitted to the downstream market, and the inhibition of demand by price increases has not yet appeared.

The current price will stimulate more farmers to grow cotton. Next month, the US Department of agriculture will report on this. It is expected that the report will suppress prices.

At present, ICE cotton futures prices are still in the rising trend.

The rising price of cotton is still supporting the domestic cotton spot and zhengmian futures price, although the relative ICE cotton futures, Zheng cotton futures have not been able to go up, but always show up at high opening and low prices. But the rise of the external cotton prices will inevitably increase the price of imported cotton and support the domestic price. Therefore, under the current circumstances, although Zheng cotton is weak, but it will not fall, the price of domestic spot lint continues to rise, and the inquiry price of textile enterprises is increasing, while cotton manufacturers are reluctant to sell.

Cotton prices will remain strong, and Zheng cotton futures will continue to maintain a forced rise. Under high cotton prices, we should be cautious and keep low positions. In order to prevent foreign cotton falling, Zheng cotton will react strongly.