March 12Th Cotton Futures Several Major Institutions

< p > < strong > [Wanda a href= < http://www.91se91.com/news/index_c.asp > futures < /a > the rise of external agricultural products supports the rise of the US cotton control bottom < /strong > /p >
< p > after continuous climbing, the US cotton rally has slowed down and the callback pressure has increased. The overnight ICE cotton main contract reached a minimum of 85.59 cents per pound in May, but the rise of the external agricultural products generally supported the US cotton. In May, the contract only dropped 0.16 cents to 86.72 cents / pound. At present, in the case of cotton price close to 90 cents / pound, China is about to enter the time window of the reserve policy, the purchase has weakened, cautiously bullish, and concerned about the strong pressure level of 90 cents / pound in May. < /p >
< p > ICE on Monday, cotton bottom bottom picked up and small Yin was collected. The main force of the May contract stood steadily on the short-term average line, and the EMA system maintained a good upward trend. The KD index had the trend of adhesion and formation of a downward trend, while MACD continued to be arranged in a long way, but its red column was shortened, the callback pressure increased, and cautiously rising was appropriate. If the May contract breaks through the strong pressure level of 90 cents / pound, the rally will continue and continue to hold more orders, otherwise it will be profitable to liquidate and continue buying after the cotton price is callback. < /p >
< p > although the resources of zhengmian new cotton warehouse receipt are still in short supply, the market has entered the time window of reserve policy after the two sessions, and the demand for hedging has suppressed many popularity. On the other hand, the price of viscose and polyester in the near future has been weakening, and the price of domestic and foreign cotton has remained at a high level. Chinese products are not competitive in the international market, and consumption has no signs of recovery. USDA has raised the annual output of China in the year of 2012/13 to 7 million 620 thousand tons and 9 million 600 thousand tons respectively. Therefore, although Zheng cotton still stands above 20000 yuan / ton, it is not recommended to buy Zheng cotton, such as the 1309 contract reduced by 20000 yuan / ton integer support position can be added to the empty list, short-term target 19700 yuan / ton line. On the 20200 yuan / ton, we continued to increase the number of 1401 contracts in batches. < /p >
< p > [Yi De futures] continue to adjust Zheng cotton to wait for more opportunities < /p >
< p > on Monday, CF1309 opened up and left low. CF1309 closed more than 7.6 hands, and its position decreased slightly. CF1309 closed at 20155 yuan / ton, down 20 yuan / ton, reduced 4604 hands; in March 11th, China's imported cotton (FC Index M) 95.30 cents / pound, up 0.23 cents / pound, 1% yuan tariff reduced price 15260 yuan / ton, sliding price conversion price 15945 yuan / ton. < /p >
< p > according to the news of New York in March 11th, cotton futures fell on Monday, which was related to profit making and producers' selling after the recent rise, but when cotton fell to the 10 day moving average, the price of cotton mills was supported. ICE's most active May cotton contract fell 0.16 cents or 0.2%, at 86.72 cents a pound. < /p >
< p > March 11th cotton trading in the national cotton market was 10800 tons, an increase of 260 tons compared with the previous trading day. The order volume increased by 300 tons compared with the previous trading day, and the total order was 16840 tons. 11 days to match the market shock adjustment, the intraday contract price nearly rose or fell, the range was within 100 yuan, total turnover and order quantity increased slightly. < /p >
< p > on Monday, Zheng cotton went higher and lower, and the US cotton speculative position has reached a historical high level. At present, there is a possibility of stagflation. If the rhythm of the cotton and cotton cotton is synchronized, it is more likely to trigger further adjustment of Zheng cotton. In the short term, there may be a fall. It is inevitable that the bottom uplift is inevitable in the long term. Due to the low penetration of capital and the adjustment period is longer, it is recommended to wait and see for a while and wait for a return, and 19800 more cotton will be produced in the near future. Today's operation recommends, wait and see, CF1309 reference price range is 20000-20400. < /p >
< p > < strong > internal and external spreads of MEIKO futures gradually narrowed down to below cotton pressure < /strong > < /p >
< p > overnight, the cotton futures fell on Monday. It was involved in profit making and producers' selling after the recent rise. However, when it fell to the 10 day moving average, cotton mills bought and prices were supported. The most active ICE5 month cotton contract fell 0.16 cents or 0.2%, reported 86.72 cents per pound, and cotton prices hit a 10 month high on Friday. < /p >
< p > international market, from the weekly report of the US cotton exports, the recent cotton prices rose rapidly, and the impact of foreign cotton sales is not small, and the contract breach has continued to increase. However, China's reduced imports are being compensated by other countries and regions, and there are still more than 20 destinations for us cotton exports last week. If the USDA monthly report is good on schedule, the bull market will be further consolidated. < /p >
< p > domestic market, domestic cotton spot prices remain stable. Currently, the survival environment of downstream textile enterprises has improved slightly, especially at the end of December last year, when the domestic a href= "http://www.91se91.com/" target= "_blank" > textile href= < /a > a href= "http://www.91se91.com/" target= "_blank" > clothing "no" > the export rebounded significantly, and domestic retail sales grew significantly year-on-year, this good trend was extended in 2013. Under the background of positive changes in production and marketing environment, the demand for terminal cotton is expected to continue to grow, while the new year's cotton planting intention is lower than previous years and has a certain supporting role in cotton prices. < /p >
"P > spot quotation, American C/A cotton 99.85 (cents / pound), port delivery price 16444 yuan / ton (calculated by sliding tax), Australia cotton 105.10, port delivery price 17217 yuan / ton; Uzbekistan cotton 103.60, port delivery price 16984 yuan / ton; West Africa cotton 95.10, port delivery price 15865 yuan / ton; India cotton 93.40, port delivery price 15664 yuan / ton. CNCotton A 20139 yuan / ton, up 2 yuan; CNCotton B 19311 yuan, up 1 yuan. < /p >
< p > market analysis, the US cotton has been rising continuously under the promotion of favorable export and gradually narrowed the price difference between China and cotton, which is mainly due to China's control policy for cotton. Industrial exports have rebounded significantly since December, and retail sales are increasing significantly. This trend will begin to continue gradually, and the US cotton core will be boosted. Short term 09 contract 20530 below pressure consolidation. < /p >
< p > operation, the short air is backed by the front high holding, see the 19900 support. {page_break} < /p >
< p > < strong > [Hongyuan futures] Zheng cotton recommends light warehouse space mainly < /strong > < /p >
< p > key points < /p >
< p > 1. Price Bulletin: domestic lint: 129 level 21008 yuan / ton; 229 class 20137 yuan / ton; 328 level 19310 yuan / ton; 428 grade 18705 yuan / ton. Domestic textiles: polyester staple fiber 10770 yuan / ton; viscose staple fiber 15010 yuan / ton; C32S price 25950 yuan / ton. < /p >
< p > 2. domestic stock: the spot price of domestic cotton keeps rising steadily. In March, as more downstream weaving factories started, the demand for raw materials improved, but the overall market situation of the yarn market was still light, and the actual orders were not large. Textile enterprises did not want to lose their business again. They were more cautious in purchasing cotton and had a strong wait-and-see sentiment. < /p >
< p > 2. imported cotton: China's main port price of imported cotton is seven rising, the price of varieties is 0.25 cents higher than that of the previous day, and the price of Egyptian long staple cotton has also increased 0.75 cents. According to cotton traders, although demand for cotton has risen rapidly, demand for textile mills is still on the way. < /p >
< p > 3. cotton reserve put into operation: in March 11th, China cotton reserve management company plans to sell and reserve cotton 70074.76 tons, and the actual turnover is 17719.17 tons, with a turnover rate of 25.29%. On the same day, the average level of transactions was 3.83, with an average length of 28.38mm, with an average transaction price of 18775 yuan / ton, with a turnover of 328 yuan (19172 yuan / ton). < /p >
< p > 4.USDA: according to the global cotton supply and demand forecast report in USDA3 month, the current global cotton initial inventory of 15 million 19 thousand tons, compared with the forecast in February, has been reduced by 11 thousand tons; the global output of 26 million 98 thousand tons has been increased by 199 thousand tons; consumption has accumulated 23 million 321 thousand tons, increased by 190 thousand tons; import and export trade volume to 911-913 million tons, increased by 31-33 million tons; the end of the world 17 million 797 thousand tons of storage, reduction of 26 thousand tons, inventory consumption than 76.31%. < /p >
< p > 5.ICE cotton: 11 days, aside from the decline of the US dollar and the rise of the external commodity market, most of the contracts in the ICE cotton market fell. The recent settlement price of the May contract was 86.72 cents / pound, down 16 points, and the December contract 86.68 cents, up 29 points. < /p >
< p > summary: < /p >
< p > March 11th, ICE < a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a > shocks, taking the shadow line, technically, continue to rise power is insufficient. China's cotton market is a market dominated by policies. The warehouse receipt issue is the focus of the futures market. The policy of throwing and storing has attracted much attention. Comparatively speaking, the USDA report has little influence on Zheng cotton. Operation is still recommended to meet the high light air. < /p >