Zheng Cotton Warehouse Volume Further Shrink &Nbsp; Consolidation Pattern Unchanged.

ICE cotton (20050, -50.00, -0.25%) futures were not affected by other markets for 6 days. Investment Those who bought the market led to a slight increase and the intraday trend. In December, cotton index rose by 0.45 cents to $1.0634 a pound.

Fang Huiling, a futures analyst at Xiangcai prayer year, said that the growth of the new cotton company is not good enough, and the uncertainty of output supports the situation of maintaining the external market. Domestic prices rose slightly, but there was no significant increase in actual demand. The spot market is still in a stalemate. Zheng cotton futures warehouse volume further shrank, capital side participation interest is insufficient, Zheng Mianreng maintain Board of directors, continue to focus on the support role of the lower reaches of the interval.

In the weekly crop growth report released by the US Department of agriculture (USDA), the growth rate of cotton growth in the United States as of September 4th was 28%, compared with 30% in the previous week, 60% in the same period last year, and 42% in the previous week, 27% in the previous week, 40% in the same period last year, 32% in the five year, 7% in the same period last year, 6% in the same period last year, and five in the five year.

At present, the spot market of cotton has been active, the volume of market has been enlarged, and the price has risen slightly. At present, the new flower market is mostly for small cotton enterprises, and the major cotton enterprises, importers and textile enterprises are very cautious. At present, the acquisition of large cotton ginning plants has not yet started and is still looking for opportunities to enter the market. But the sale of stock cotton has taken a lot of time in this period. At present, the acquisition cost of Hebei, Shanxi and other places is around 18000-18300 yuan / ton, while Hubei is mostly wait-and-see. Shandong is selling 4 yuan at 18500-19000 yuan / ton, 3 yuan in real estate is 19300-19600 yuan / ton, Xinjiang cotton quotation is more chaotic. Expected in the near future market The state of mind is relatively stable. On the 6 day, China's cotton price index (CCIndex328) reported 19479 yuan / ton, up 95 yuan / ton.

In September 6th, the cotton trading market of the national cotton market was generally lower than those of the electronic contract. After that, the market generally rebounded slightly after the weak shock, and the fluctuation in the far months was larger. The average price of the contracts in all the contracts decreased in the end, and the decline was more obvious in the near middle term. In recent months, the MA1109 contract closed at 19930 yuan, down 178 yuan; the main MA1112 contract closed at 20180 yuan, or 114 yuan. The volume was reduced and the order volume increased.

Internationally, ICE cotton futures were not affected by other 6 days. market The impact of fatigue has been slightly higher in the context of investor buying, showing an interval trend in the intraday market. In December, cotton index rose by 0.45 cents to $1.0634 a pound. Market participants await the US Department of agriculture's monthly report on supply and demand in September 12th. On the domestic side, Zheng cotton futures closed down on the 6 day, closing down. The main 1205 contract reported 21560 yuan / ton, down 120 yuan / ton, or 0.55%, the highest 21650 yuan / ton, the lowest 21480 yuan / ton, the market turnover reduced 102 thousand hands to 323 thousand hands, positions reduced 28886 hands to 368 thousand hand.

On the technical side, the main 1205 contract shock Yang star line, the market warehouse volume further shrank, the interest of capital participation continues to decline, the price is blocked on the 5 day moving average, MACD, RSI and KDJ are all showing signs of weakness. However, the support from the 20 day moving average and the bollingway middle track is still effective, and the price is still maintained in the recent consolidation interval. After that, we need to continue to pay attention to the supporting situation along the 21400-21500 of the consolidation interval.