Pressure Above Cotton Or Back To The Weak

< p > (1) USDA2 supply and demand report lowered China's "a" href= "http://www.91se91.com/news/index_s.asp" > Cotton City < /a > end inventory, keeping the US cotton forecast unchanged, so the report will be more profitable than Zheng cotton, but due to the obvious inventory pressure in China, its impact is limited, and it has little effect on the price of American cotton.

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< p > (2) up to now, the total flow direction of domestic cotton reserves has shown a net outflow trend, and the national dumping reserve has been launched and the storage and purchase plan is scheduled to start next Monday.

It is reported that on 7-8 February, the Central Cotton store planned to sell two tons of cotton for sale on a two day plan, which was about 40 thousand tons of cotton reserves, all of which were made of domestic cotton. The actual turnover was 13 thousand tons, and the average paction price was 18312 yuan / ton after the 328 level.

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< p > (3) according to some bonded warehouses in Zhangjiagang and Qingdao port, the cotton that was declared to the library before the end of February is still dominated by India cotton, Central Asia cotton and Pakistan cotton.

As import < a href= "http://www.91se91.com/news/index_q.asp" > quota < /a > relatively tight (currently used quotas for processing trade), except India cotton, the quotations of foreign cotton are significantly higher than that of Chinese buyers. Therefore, the amount of imported cotton will continue to rise, and the peak period of storage will come before and after the end of February.

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< p > (4) according to the intention planting report of the national cotton Federation of America (NCC), in 2014, the US cotton planting area was 11 million 260 thousand acres (68 million 405 thousand mu), an increase of 8.2% over the same period last year.

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< p > (5) the spot price of the main production area is running smoothly, the Xinjiang grade 2129B is 20766 yuan / ton, the 3128B level is 19403 yuan / ton, the southeast coast is 19220 yuan / ton, the middle and lower reaches of the Yangtze River is 19406 yuan / ton, and the Northwest inland is 19376 yuan / ton.

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< p > conclusion: from the basic point of view, the supply and demand of domestic cotton market will gradually become loose in February, < a href= "http://www.91se91.com" > cotton < /a > or return to the weak.

On the one hand, the release of the national cotton reserves and the influx of foreign cotton increased domestic supply; on the other hand, domestic demand showed a slow recovery, but relatively weak, and the downstream demand was expected to be sluggish. The sharp rise in the price will increase the downward momentum of Zheng cotton.

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< p > operation suggestion: the upper pressure is significant, continue to pay attention to the top 20000 lines of pressure, if you can not stand firm, you can reverse blank < /p >.