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Zhengzhou Cotton Futures Opened Lower And Then Rebounded.

2011/3/3 15:05:00 43

Zheng Cotton Short Term Market Short Term

March 2nd, Zhengzhou

Cotton futures

Low open, followed by shock rebound, final closing up.

The main 1109 contract volume increased, closed the line, opened at 32500 yuan / ton, closed at 33200 yuan / ton, compared with the 1 day settlement price rose 395 yuan / ton, 1670846 hands, 344390 positions.

Technically, the main contract 1009 has been sorted out for a long time, and the price is up to 33000 yuan / tonne line. The market has increased volume, and the technical indicators are KDJ and RSI, and the MACD pillar is getting shorter.

The price on the disk is far from the short-term average and there is a risk of callback.

After the summary of the cotton futures contract, the top 20 institutions continued to expand their positions, and the main institutions increased substantially.

India

cotton

According to the CAB, India's cotton output is projected to be 31 million 200 thousand bales this year, lower than the expected 3250-3290 pack level.

In March 2nd, the contracts were fully opened, and then the market shook, and the market resumed. The average price of the contracts fell at a level of 300-800 yuan. The main MA1105 contract closed at 32450 yuan, down 248 yuan. In recent months, the MA1103 contract closed at 31750 yuan, or 149 yuan; the lowest price in the contract was 31405 yuan for the MA1104 contract, the highest price for the MA1108 contract was 32860 yuan; the volume of the contract was reduced by 32860 yuan on that day, and the turnover volume was shrinking and the order volume increased slightly.

March 2nd China

Cotton price

The index rose 51 yuan to 30518 yuan / ton.