Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures]5 month contract will still be finishing sideways > /strong > /p.

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20716 yuan / ton; 229 class 19840 yuan / ton; 328 level 19012 yuan / ton; 428 grade 18352 yuan / ton.

Domestic a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Product: polyester staple fiber 10370 yuan / ton; viscose staple fiber 14390 yuan / ton; C32S price is 25750 yuan / ton.

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< p > 2. domestic stock: on the 6 day, the domestic purchasing and storage volume is active, supporting the domestic cotton spot prices continue to uplink.

At present, imported cotton is gradually playing a leading role in China's cotton consumption. However, domestic cotton prices and international market cotton prices are difficult to bridge in the short term, and will continue to suppress demand for downstream cotton mills.

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< p > 3. imported cotton: at present, there are not many new news in the market. Textile mills continue to buy and buy. Low grade and cheap cotton are more concerned.

China's huge reserve stock makes it impossible to increase the issuance of quasi tax quotas. If domestic and foreign cotton prices remain at a high level, the cotton will continue to enter the market with a full tariff. However, textile mills are cautious in purchasing at the moment, for fear that policies will change the full tariff import restrictions.

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< p > 4. seed cotton purchase: (November 30th -12 6), the supply of high quality seed cotton in main producing areas in China has gradually decreased, and the risk of cotton processing and lint storage has increased. Cotton seed purchase is more cautious.

In addition, the price of cottonseed generally rose in various regions, which brought support to the seed cotton market and the price showed an upward trend.

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< p > 5.ICE cotton: in December 6th, USDA data showed that in the week ending November 29th, the net contract volume of US cotton exports exceeded 100 thousand tons, the highest single week since June this year, of which 60% of the orders came from China.

The news stimulated the ICE cotton market to rise sharply, but it was subject to 74 cents pressure, and some of the gains had been sped up late.

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< p > summary: < /p >

< p > China's huge reserve stock makes the issuance of quasi tax quotas unlikely. If the difference between domestic and foreign cotton prices remains high, the cotton will continue to enter the market with a full tariff.

Zheng cotton in May, the market demand for storage after the expected is still weak, and when the price of cotton is higher than the circulation of cotton prices, cotton buying enterprises do not have the power to choose the futures purchase channel, which determines the futures price has lost the buying power from the spot enterprises, the upward momentum is insufficient.

The May contract will continue to be dominated by horizontal finishing in the near future, with flexible operation and attention to the support below 19000 yuan / ton.

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< p > < strong > [Wanda futures] exports good cotton continued to rebound < /strong > < /p >

In the week ending 29, the US cotton contract reached 94 thousand tons and shipped 48 thousand tons, of which China signed 58 thousand tons of good price, and ICE cotton rebounded slightly. The main contract in March was as high as 73.95 cents / pound, which once again challenged 74 cents / pound pressure level. However, many single profit margins and the market's worries about the US fiscal cliff caused some price gains to rise. In March, it ended up 0.51 cents to 73.55 cents / pound, and the continuation of the rebound trend remained unchanged.

Us new cotton market pressure is fully reflected, and nearly five weeks cotton exports strong, the future rebound may continue, March contract will continue to challenge 74 cents / pound pressure level.

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< p > Thursday ICE cotton Xiao Yang reported, the main force in March contract stable above the short-term average line, the medium and short term averages keep rising, KD and MACD continue to rise in a row, MACD index red column growth, rebound trend does not change, March contract will continue to challenge 74 cents / pound pressure level.

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< p > on Thursday, Zheng cotton continued to shrink, finishing 3 million 658 thousand tons of storage and slightly tighter domestic spot resources, but the market rumors that in January the government would sell part of Chen cotton reserve. Meanwhile, the Spring Festival holiday is coming, downstream exports and consumption are sluggish, and enterprises look down on the market, and the probability of replenishment before the Spring Festival is not large.

On the other hand, the import policy will become clearer in 2013, and 894 thousand tons of import quotas will be issued soon, and cheap imported cotton will continue to impact on the domestic market.

In this case, the rebound of ICE cotton has little effect on Zheng Mian Li, and no support for consumption and speculative buying. It is difficult for Zheng Mian to get rid of the current weak pattern and continue to hold 1305 empty contracts and pay close attention to the 19000-19200 yuan / ton side area.

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< p > < strong > [MEIKO futures] the external market is boosted by the increase in exports. < a href= "http://www.91se91.com/news/index_c.asp" > ZHENG Mian < /a > continuation of weakness < /strong > /p >

On the 6 day, USDA data showed that in the week ending November 29th, the net signing volume of US cotton exports exceeded 100 thousand tons, the highest weekly rate since June this year, of which 60% of the orders came from China.

The news stimulated the ICE cotton market to rise sharply, but it was subject to 74 cents pressure, and some of the gains had been sped up late.

Downstream demand for market support is more obvious, but ICE cotton turnover continued to slump, cotton prices are difficult to have a greater breakthrough.

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< p > news, US Department of agriculture (23-29 November 2012) US cotton export report.

In the week of 2012/13, the net volume of US cotton exports was 94 thousand and 300 tonnes, up 38% from the previous week, 25% higher than the average of the previous four weeks, and the main buyer was China (57 thousand and 700 tons).

The export volume of us upland cotton exports is 47 thousand and 800 tons, an increase of 66% over the previous week, an increase of 76% over the previous 4 weeks and is mainly shipped to China (24 thousand and 700 tons).

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< p > international market. On the 6 day, the price of China's main port of import cotton remained stable, and prices of all varieties remained unchanged.

At present, there are not many new news in the market, and textile mills continue to follow suit.

China's huge reserve stock makes it impossible to increase the issuance of quasi tax quotas. If domestic and foreign cotton prices remain at a high level, the cotton will continue to enter the market with a full tariff. However, textile mills are cautious in purchasing at the moment, for fear that policies will change the full tariff import restrictions.

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< p > domestic market, 6 days, domestic storage capacity is active, supporting domestic cotton spot prices continue to uplink.

At present, imported cotton is gradually playing a leading role in China's cotton consumption. However, domestic cotton prices and international market cotton prices are difficult to bridge in the short term, and will continue to suppress demand for downstream cotton mills.

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P > National storage, the State Cotton temporary storage and storage in December 6th was 41890 tons. As of December 6th, 3657970 tons of cotton temporary storage and storage pactions were sold in 2012, of which 1191940 tons in the mainland, 1941520 tons in Xinjiang and 524510 tons in the backbone enterprises.

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December 6th, the United States C/A cotton 89.10 (cents / pound), the discount port RMB delivery price 15001 yuan / ton (calculated by sliding tax); Australia cotton 94.10, discount port RMB port delivery price 15635 yuan / ton; Uzbekistan cotton 91.60, folded port RMB port delivery price 15314 yuan / ton; West Africa cotton 84.60, discount port RMB port delivery price 14461 yuan / ton; India cotton 85.10, discount port RMB port delivery price 14520 yuan / ton.

CNCotton A 19840 yuan / ton, up 5 yuan; CNCotton B 19012 yuan, up 4 yuan.

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< p > market analysis, < a href= "http://www.91se91.com/news/index_s.asp" > market < /a > the spot price is still relatively stable. With the gradual arrival of foreign cotton, the spot pressure has increased, while the downstream demand is in the off-season and continues to be weak. Although it has been collecting and storing the market, the latter price or easy to fall is difficult to rise.

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< p > operation, 01, 05 empty single continue to hold.

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