Several Major Institutions Today: Cotton Futures

CF1305 opened low on Tuesday, and CF1305 closed more than 3.6 hands at a close.

CF1305 closed at 19205 yuan / ton, up 30 yuan / ton, reduced 2732 hand; in November 27th, China's imported cotton (FC Index M) 84.02 cents / pound, up 0.54 cents / pound, 1% yuan tariff reduced price 13524 yuan / ton, sliding price conversion price 14488 yuan / ton.

According to New York's November 27th news, ICE cotton futures fell on Tuesday, following the overall decline in the commodity market, trading lightly and the initial enthusiasm for Greece's new debt agreement subsided.

Us Intercontinental Exchange ICE March cotton futures closed down 0.14% or 0.1 cents to 72.52 cents per pound.

In November 27th, the cotton trading market in the national cotton trading market reached 10300 tons, 380 tons less than the previous trading day, the order quantity reduced by 20 tons, and the total order 39240 tons.

On the 27 day, the contract was opened up, with wide shocks within the day.

As a matter of fact, as of Monday, China's purchase and storage had reached 3 million 260 thousand tons, and the supply of domestic cotton would be tightened.

Spot prices continued to rise slowly.

In the light of recent demand, enterprises need to use domestic high priced cotton to maintain production needs without any quotas and suitable outside cotton.

Zheng cotton rebounded on Tuesday, but the bottom has been lifted. The technology has been gradually repaired, but it has been repressed by the 30 day moving average, and the rebound kinetic energy is insufficient.

Today's operation recommends, wait and see, CF1305 reference price range is 19100-19400.

Wanda futures] India no longer restricted cotton exports to ICE cotton fell slightly.

Although the international lender reached an agreement on reducing Greek debt, the price of international agricultural products generally rose on Tuesday, but the Minister of textile of India said that India will no longer ban cotton exports in 2012/13, which is a pressure on ICE cotton. Cotton fell slightly on Tuesday evening ICE, and the contract fell 0.1 cents to 72.52 cents / pound in March.

Although the recent commercial buying is more active, the market recognised the strong support position of 70 cents / pound, but at the end of the year ICE cotton was difficult to attract the attention of the funds. It was difficult for the cotton price to get rid of the 70-74 cents / pound crosses area.

Tuesday ICE cotton Xiao Yang closed, the main contract in March is still stable above the short-term average, the short-term average line turns upward, KD and MACD indicators continue to rise in weak areas, the MACD index red column growth, the rebound trend does not change, March contract will challenge 74 cents / pound pressure level.

As of 27, China's acquisition and storage has reached 3 million 307 thousand tons, and the annual storage capacity is expected to exceed 4 million 500 thousand tons. The supply of domestic cotton will therefore become tighter. Meanwhile, the price of zhengmian is still lower than that of the purchase and storage. The registered warehouse receipts of Zheng cotton market are at a low level, and the long term speculation is tight, making the recent contracts strong.

However, Zheng cotton's rebound did not get the support of most speculative funds and consumer buying. The main force's wishful thinking is being blocked.

There is no improvement in domestic consumption and exports. The annual closing will be near. The market will make the Spring Festival ahead of schedule and postpone the start of the Spring Festival.

Popularity.

In the absence of funds and basic support, Zheng cotton's rebound is not optimistic. It continues to hold 1305 contracts and pays attention to the support level of 1305 contracts of 19200 yuan / ton.