Recent Cotton Market Data Analysis Commentary

< p > < strong > Ruida futures 1206 cotton early comment < /strong > < /p >

< p > outside: Intercontinental Exchange (ICE) cotton on Thursday was smaller than a href= "http://www.91se91.com/news/index_c.asp" > fell < /a >, which was dragged down by speculative selling of the organization, although the US Department of Agriculture released weekly export sales report.

The most active ICE3 month cotton fell 0.20 cents to 78.85 cents a pound.

The turnover is only 7096 hands.

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< p > basic plane message: < /p >

< p > 1, up to November 30, 2013, the Corps (including cotton and hemp and crown cotton) of the Corps purchased a total of 939254 tons of lint (18 million 785 thousand and 100 fold), and acquired 915629 tons in the same period last year. The average grade was 2.33, the average length was 27.76 millimeters. The total sales of 823040 tons (16 million 460 thousand and 800%) were 792560 tons in the same period last year; 116214 tons this year, and 123069 tons in the same period last year.

As of November 30, 2013, a total of 5323 vehicles of cotton were dispatched, with a total shipment of 228889 tons per vehicle at 43 tons. Last year, 4854 vehicles were shipped and shipped 208722 tons, an increase of 9.66% over the same period last year.

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< p > 2, as of December 4th, the total amount of cotton put into the stock market was 121275.8358 tons, and the total turnover was 71728.0827 tons, with a turnover ratio of 59.14%.

Among them, 105492.9049 tons of domestic cotton have been listed, with a total turnover of 56308.1418 tons, with a turnover ratio of 53.38%.

Imported cotton has been listed on a total of 15782.9309 tons, with a total turnover of 15419.9409 tons, with a turnover ratio of 97.70%.

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< p > spot: cotton index 3128B price is 19536 yuan / ton, down 9 yuan / ton compared with the previous day.

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< p > Warehouse Receipt Inventory: the registered warehouse receipt is 175 sheets, with an effective forecast of 32.

(each corresponds to 40 tons of cotton).

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< p > point of view: global oversupply of cotton and huge inventory still restrict the international cotton price. Domestic cotton spot remains weak, which restricts the rebound of futures prices.

Technically, the Zheng cotton 1405 contract has been repaired due to excessive discount on spot prices, which has rebounded in the short term, but the amount is insufficient, and the rebound space is limited.

Short term wait-and-see is appropriate for operation.

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< p > < strong > Ruida Futures: the technical plane has changed well, Zheng cotton has gone up slightly < /strong > /p >

< p > domestic trend: 6 zhengmian 1405 contract < a href= "http://www.91se91.com/news/index_c.asp" > slightly higher than /a >, opening at 18760 yuan / ton, closing at 18795 yuan / ton, up 20 yuan / ton compared with the previous trading day, trading volume decreased slightly, and the position increased 966 to 69164 hands.

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< p > external trend: Intercontinental Exchange (ICE) cotton fell slightly on Thursday, which was dragged down by speculative selling of the organization, although the USDA's weekly export sales report was excessive.

The most active ICE3 month cotton fell 0.20 cents to 78.85 cents a pound.

The turnover is only 7096 hands.

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< p > message: < /p >

< p > 1, recently, Xinjiang cotton area ushered in a relatively large cooling weather, which has a certain impact on the acquisition, processing and sales of cotton enterprises.

The number of stop collection enterprises increased.

It is understood that the southern region of cotton processing enterprises have been increased to about 80%, and no downtime enterprises have accelerated the acquisition of seed cotton progress, is expected to end in late December will stop all production.

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< p > 2. According to the US cotton export weekly released by the US Department of agriculture (USDA) in December 5th and the 28 month of November 22nd -11, the net sales of cotton in the US 2013/14 year were 56382 tons.

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< p > spot: cotton index 3128B price is 19527 yuan / ton, down 9 yuan / ton compared with the previous day.

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< p > point of view: global oversupply of cotton and huge inventory still restrict the international cotton price. Domestic cotton spot remains weak and downward trend, which restricts the rebound of futures prices.

Technically, the Zheng cotton 1405 contract has been repaired due to excessive discount of spot prices, and the technical face has a short-term rebound trend, but the quantity can not be enlarged, and the rebound space is limited.

Short term wait-and-see is appropriate for operation.

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< p > < strong > USDA USDA exports less than a href= > http://www.91se91.com/news/index_c.asp > Sales > /a > weekly > /strong > /p >

< p > 2013/2014 net sales of 248600 cotton bales, the main buyers are Turkey (114700 packs), China (51400 packages), Indonesia (31900 packages, including 200 packages of cotton pferred from Japan), Brazil (21700 pack), and Peru (8800 pack).

The report showed that Salvatore (1200 packs) had been withdrawn.

2014/2015 net sales of 18000 packs to Turkey.

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< p > cotton exports 106500 bales, the main destinations are China (48900 pack), Mexico (8900 pack), Turkey (8000 pack), Indonesia (6700 pack), and Vietnam (4600 pack).

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< p > 2013/2014 American Pima cotton net sales of 5200 packages, the report shows China (2100 packets), Indonesia (1300 pack), Thailand (500 pack), and Mexico (400 pack).

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< p > Pima cotton export 12900 packs, mainly for China (11700 packages), India (400 pack), Pakistan (400 pack), and Guatemala (100 pack).

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< p > optional place of sale: 2013/2014, the total sales volume of optional origin is 3300 packages, for unknown destination.

The total sales volume of the optional place of sale that has been sold is 17500 packages, against Thailand (9300 packets), South Korea (4600 packages), unknown destination (3300 packages), and Vietnam (300 pack).

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< p > export to your account: 2013/2014, at present, there are 53400 packages of export balance to its account, of which China (53000 packets) and Vietnam (400 packs).

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