Calm And Deal With Rumors, Zheng Cotton Takes A Smooth Route.

Electronic matching:

recently

The match market opened up across the board.

The cotton trading market in the national cotton trading market reached 14180 tons, a decrease of 280 tons compared with the previous day, a reduction of orders of 1380 tons, and an aggregate purchase of 154500 tons.

Two. Futures market

1. ICE: cotton futures were about 1% on Thursday, driven by a sharp rise in the grain market, and investors turned their attention to the weather to India, and brokers feared that the weak season could affect the production of India, a big cotton producing country.

The cotton contract in December closed up 0.97 cents at 72.63 cents a pound.

2. Zhengzhou: Zheng cotton CF1301 contract opened high, horizontal arrangement in early morning, adjusted once in the afternoon, picked up at the end of the day and concentrated on the back of the short term support, strengthened in the late afternoon, and formed a small line on the daily line.

The CF1301 contract concluded 142376 hands on the day, 7724 on the day, and 291710 at the end of the contract. The CF1305 contract day was 11528 hands, the second hand was 2026, and the final position was 69326 hands.

Three. Spot market:

Wei Qiao offer: three level: 19300 429:18500 (temporary suspension)

CC INDEX328:18256 yuan / ton, up 5 yuan.

Others: the average price of grade 527 cotton to plant is 15926 yuan / ton, up 8 yuan.

Electronic discs are rebounding, and spot prices are also rising slightly, but cotton market is still relatively low, and lint sales are still showing signs of improvement.

It is understood that textile enterprises generally do not start much, and some small and medium-sized enterprises have not started production since the beginning of the year.

Cotton side, with the weakening of the surrounding environment, cottonseed oil, meal and cotton shell rise gradually fester; cottonseed resources are limited to stability; cotton staple market is weak, but demand slightly improved.

Four, macro environment: as of July 18th, ICE cotton inventory was 77788 packages.

In the week of July 12th, the US cotton export sales increased by 41 thousand and 600 packages in the current market year.

As of July 18th, the national rainfall in India was 22% lower than the average, and the drought in India increased.

Five, operation suggestions: Zheng cotton CF1301 contract open high up the line, the day before the continuation of the anti spin can be strong, the final closing in the pre consolidation interval, the technology surface gradually extended the previous pattern; hours of graphics open platform forming platform after the end of the breakthrough, the short-term average moving upward pattern is also more, but there is a short-term adjustment after the trial, such as the continuation of the upward trend in the future market, you can focus on the consolidation of the high point 19620 line pressure.

Operation suggestion: light warehouse is more than single hold, stop loss is 19200.

(Jinpeng futures)