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Cotton Futures Today'S Cotton Market Price Interpretation

2012/12/18 10:48:00 43

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[Hongyuan < a href= > http://www.91se91.com/news/index_c.asp > futures > /a >]CF1301 time is money > /strong > /p >
 key points 
 1. Price Bulletin: domestic lint: 129 level 20798 yuan / ton; 229 class 19923 yuan / ton; 328 level 19093 yuan / ton; 428 grade 18445 yuan / ton. Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 10650 yuan / ton; viscose staple fiber 13710 yuan / ton; C32S price is 25715 yuan / ton. 
 2. domestic spot: domestic cotton spot market prices continue to strengthen. At present, the prices of cotton, spinning and weaving in Southeast Asia and Central Asia are low, and labor costs are low, attracting the European and American textile < a href= "http://www.91se91.com/" target= "_blank" > clothing < /a > procurement spanfer, but the high and low grade of our cotton yarn is seriously differentiated, the price of local high-grade yarn is ascending, the price of the combed yarn is steady and low, the spanaction is still dull and depressed, the situation of yarn supply exceeds demand is difficult to change, and the downstream opening rate is low. 
 3. imported cotton: in December 17th, the price of China's main port of imported cotton increased by 0.5 cents. Compared with a week ago, the price of imported cotton generally increased by 2-3 cents, which made the advantage of outer cotton obviously weakened. Cotton Traders revealed that over the past week, the increase in quotations from foreign cotton and insufficient import quotas led to limited import cotton trading. 
 4. seed cotton purchase: in the past week (7-13 December), the supply of high quality seed cotton in main producing areas of China has been decreasing, and the price of cotton seed has been raised. Most cotton seed purchase prices have rebounded within a small range, generally around 0.02 yuan / kg, and cotton enterprises have increased the purchase volume, and cotton farmers have also made more positive sales. As the new year approaches, it is expected that the sales progress will further accelerate. 
 5.ICE cotton: in December 17th, the US budget negotiations made progress to boost the market, while the ICE phase cotton delivery stocks sharply reduced, attracting speculative buying into the market, stimulating cotton prices to continue to rise, and the highest contract price in March broke 76 cents and closed at the highest level in two months. 
 summary: 
 ZHENG cotton's January contract is "soft forcing", and the atmosphere has a positive effect on other month contracts. Over the past few working days, there has been an increase in the number of companies that have registered with the delivery repository. If there is a large number of late registration applications, the registration process will consume time in the "queuing public inspection" section. This is a major uncertainty. Time is money for a seller who intends to register a warehouse receipt for CF1301 delivery. Zheng cotton in May, the market demand for storage after the forecast is still weak, and in 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 that futures prices do not come from the buying power of spot enterprises, the possibility of continuous rise is unlikely. 
 [MEIKO futures] purchase and storage to boost spot, Zheng cotton pays attention to 19330 support 
In December 17th, the US budget negotiations made progress to boost the market. Meanwhile, ICE's cotton delivery stocks sharply reduced, attracting speculative buying into the market, stimulating cotton prices to continue to rise, and the highest price in March broke 76 cents, and closed at the highest level in two months. The downstream demand after the rise in cotton prices will determine the uplink of the market, and the resistance at the top of the cotton price is 78 cents. 
 > International a href= "http://www.91se91.com/news/index_s.asp" > cotton market < /a >, 17 days, import cotton China main port quotation slightly increased 0.5 cents. Compared with a week ago, the price of imported cotton generally increased by 2-3 cents, which made the advantage of outer cotton obviously weakened. Cotton Traders revealed that over the past week, the increase in quotations from foreign cotton and insufficient import quotas led to limited import cotton trading. However, due to the recent rise in the price of national cotton, the internal and external price difference is still not small, the moderate fall of the foreign disk will still be expected to stimulate the textile enterprises to buy on the dips. 
In the domestic market, on the 17 day, the domestic spot cotton prices continued to rise, but at the same time, a large number of foreign cotton and foreign yarn imports also inhibited the domestic cotton demand. P Although the terminal textile industry has improved slightly in recent years, it is difficult to expand the overall demand for textiles from the weakness of the Canton Fair and the decline in domestic clothing sales. 
 National Reserve dynamics. In December 17th, the State Cotton temporary storage and storage reached 40140 tons. As of that date, 2012 cotton temporary storage and storage spanactions totaled 4345550 tons in 2012, of which 3492420 tons were listed on the list, and 853130 tons of major contracts were signed by key enterprises. 
December 17th, the United States C/A cotton 91.20 (cents / pound), the discount port RMB delivery price 15237 yuan / ton (calculated by sliding tax); Australia cotton 96.10, discount port RMB port delivery price 15877 yuan / ton; Uzbekistan cotton 93.60, folded port RMB port delivery price 15546 yuan / ton; West Africa cotton 86.35, discount port RMB port delivery price 14638 yuan / ton; India cotton 85.60, discount port RMB port pick up price 14548/ tons. CNCotton A 19923 yuan / ton, up 6 yuan; CNCotton B 19093 yuan, up 5 yuan. 
 market analysis, the recent economic data is good, the market has good expectations for the latter stage of reform, and the overall commodity prices have gone up, but the huge national inventory and the underlying fundamentals of the downturn are still the biggest obstacles to the rebound. The total spanaction volume has reached over 4 million tons, raising the spot price slightly upward. The target was 78 cents / pound before the target, and 05 broke through the recent consolidation area yesterday, focusing on the effectiveness of 19330 support. 
 operation, try to buy back by 19330. {page_break} 
 [one German futures] rebounded rapidly. Zheng cotton is facing adjustment .
 CF1305 opened higher on Monday, and CF1305 closed more than 14.4 hands at the close. CF1305 closed at 19390 yuan / ton, up 175 yuan / ton, increased 14216 positions; in December 17th, China's imported cotton (FC Index M) 86.12 cents / pound, up 0.29 cents / pound, 1% yuan tariff reduced price 13831 yuan / ton, sliding price conversion price 14709 yuan / ton. 
 according to the news of New York in December 17th, the cotton market rose on Monday after hitting a two month high and was prompted by speculative buying. Because some traders speculated that the US cotton inventory may decline further from the level announced nearly a week ago. The main price of the ICE in March was about 0.76 cents, or 1%, at 75.85 cents a pound. 
 December 17th, the cotton trading market in the national cotton trading market reached 10700 tons, an increase of 580 tons over the previous spanaction, an order reduction of 360 tons, and a total purchase of 32220 tons. On the 17 day, the contract was opened up, with wide shocks within the day. On the basic level, as of December 14th, China's acquisition and storage reached 4 million 300 thousand tons, and there was still a large number of cotton waiting for storage. The spot resources were tight and prices continued to rise slightly, but the domestic spot market was basically at a standstill. The recent price of cotton has also risen. 
"P" > on Monday, Zheng cotton has gone up to a high level, and each contract has reached a recent high level. The 1301 contract has reached 20650. If it rises again, it will trigger the processing plant to make empty delivery, and will not implement the quota at the end of the year. The recent financing of Zheng cotton has launched a wave of forced trading. However, due to the fundamentals, the rally is highly limited and should not be blindly optimistic. After the rapid rise in the short term, there is a need for a callback today. Today's operation suggests that more than half of the holdings should be held, if the callback is more than half of the 19300 profit margin, the CF1305 reference price range will be 19100-19400. 
 [Wanda futures] China's import policy announced that speculative buying continued to push up ICE cotton price /p >
On Monday, China announced the import tariff formula of cotton quotas for the new year on Monday, which is good for Chinese buyers to buy US cotton. At the same time, the market expects us cotton stocks to continue to decline. Speculative buying keeps ICE cotton from rising. In March, the contract closed up 0.76 cents to 75.85 cents / pound. But with the rise of cotton prices, consumer buying has declined, and the United States will welcome Christmas and new year long holidays. This will curb the enthusiasm of some funds to enter the market, and lack of sufficient funds to support them. It is advisable to treat them with caution and pay attention to the pressure level of 78 cents per pound in March. 
 Monday ICE cotton Xiao Yang reported, the main contract in March is far from the short-term average line support, the medium and short term average line system continues to rise in a row, KD and MACD indicators continue to rise in a strong area, MACD index red column continues to grow, the rebound will continue, March contract is expected to pick up 78 cents / pound pressure level. 
 up to December 17th, China had accumulated 4 million 346 thousand tons of reserves and tight spot resources. The shortage of Zheng cotton warehouse led to a strong rise in the 1301 contract. The market worried that the 1305 contract would follow the 1301 contract and follow the rise. However, it is still far from the 1305 contract delivery period, and there is no possibility of forcing the warehouse. At the same time, the market will enter the new year, and China's export and consumption will maintain a weak pattern. China's import policy in 2013 determines that imported cotton will impact domestic cotton prices, and demand before the Spring Festival can hardly be aroused. The overall market does not support Zheng cotton's rise. It is advisable to cautiously treat speculative capital rising. It is recommended that a href= "http://www.91se91.com/news/index_f.asp" > cotton < /a > price 19700 yuan / ton line be added to the 1305 contract blank list.