Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures] < /strong > < b > a href= //www.sjfzxm.com/news/index_c.asp > cotton futures < /a >: /b > strong > ZHENG cotton May keep interval operation idea < /strong > < > >

< p > key points < /p >

< p > 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= "//www.sjfzxm.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 10650 yuan / ton; viscose staple fiber 13710 yuan / ton; C32S price is 25715 yuan / ton.

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< p > 2. domestic stock: in recent years, although the spot market is somewhat loose, the purchasing volume of textile enterprises is not large, and it is still used with purchase. Textile enterprises believe that spot purchase does not represent improvement in the downstream. On the one hand, the price of downstream yarns has not risen. On the other hand, downstream consumption has not started yet.

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< p > 3. imported cotton: at present, most of the incoming cotton textile factories in Hong Kong are coming to order in advance, so the resources available are very limited, and cotton traders take the opportunity to raise their quotations.

However, as cotton prices continue to rise and market expectations for national dumping are expected, cotton is expected to sit on the bench for the time being.

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< p > 4.: the central finance will continue to implement the policy of subsidized cotton shifting cost and the cost subsidy policy of Xinjiang cotton yarn pportation.

The Cotton Subsidy period is from 2011 to 2015, and the cotton and yarn export allowance is 2011 -2015.

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< p > 5.ICE cotton: in December 19th, ICE cotton was short of fund attention, and the turnover was less than ten thousand hands. In March, the contract fluctuated narrowly between 75.41-76.05 and fell below 6 points.

The market is likely to maintain a low turnover before Christmas holidays.

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< p > summary: < /p >

< p > ZHENG cotton contract is different from each other.

In January, the contract was "soft", and the stock was in a more passive position. For the seller who intends to register the warehouse receipts to participate in CF1301 delivery, time is money.

Zheng cotton in May, the author stressed: the market demand for storage after the forecast is still weak, and in the cotton price is higher than the social circulation of cotton prices, cotton buying enterprises do not have the power to choose futures purchase channel.

This determines that futures prices do not come from the buying power of spot enterprises, and the possibility of continuous rise is very small. It is suggested that the operation of interval shocks should be maintained in the near future.

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< p > < strong > [MEIKO futures] later cotton concentrate to port, Zheng cotton shock is weak < /strong > < /p >

< p > overnight overnight. On the 19 day, ICE cotton was short of funds and the turnover was less than ten thousand hands. In March, the contract fluctuated narrowly between 75.41-76.05 and dropped below 6 points.

Before the Christmas holidays, the market may maintain a low turnover. In addition, the US cotton export report released by USDA tonight will test the demand for high cotton prices so that investors can adjust their positions.

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< p > industry news, < a href= "//www.sjfzxm.com/news/index_p.asp" > Xinjiang < /a > cotton cotton yarn and cotton cloth export subsidy extends to 2015. Since 2011, the subsidy standard for shifting cotton warehouse fees has increased from 400 yuan / ton to 500 yuan / ton.

Since 2011, the standard of pport cost will be raised from 400 yuan / ton to 500 yuan / ton. The subsidy standard for pportation cost of Xinjiang cotton cloth is tentatively set at 500 yuan / ton.

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< p > international market. On the 19 day, the price of China's main port of imported cotton continued to rise, and most varieties rose 0.25 cents.

It is understood that most of the existing cotton quilt textile factories in Hong Kong are coming to order in advance, so the resources available are very limited. Cotton traders take the opportunity to raise their quotations.

However, as cotton prices continue to rise and market expectations for national dumping are expected, cotton is expected to sit on the bench for the time being.

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< p > domestic market, on the 19 day, policy factors continue to dominate the trend of domestic cotton spot price rising. Recently, although the spot market has been loosened, the purchasing volume of textile enterprises is not large, and it is still used with purchase. Textile enterprises believe that spot purchase can not represent a good turn of the downstream market. On the one hand, the price of downstream yarns has not risen. On the other hand, downstream consumption has not yet started.

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< p > National Reserve dynamics. In December 19th, the State Cotton temporary storage and storage reached 36240 tons. As of that date, 2012 cotton temporary storage and storage pactions totaled 4430280 tons in 2012, of which 3577150 tons were listed on the list, and 853130 tons of major contracts were signed by key enterprises.

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December 19th, the United States C/A cotton 92.10 (cents / pound), port delivery price 15377 yuan / ton (calculated by sliding tax); Australia cotton 97.10, port delivery price 16032 yuan / ton; Uzbekistan cotton 95.10, port delivery price 15766 yuan / ton; West Africa cotton 87.35, port delivery price 14788 yuan / ton; India cotton 85.85, port delivery price 14608 yuan / ton.

CNCotton A 19939 yuan / ton, up 7 yuan; CNCotton B 19111 yuan, up 8 yuan.

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< p > market analysis shows that China's import policy is more profitable than foreign cotton. In the latter part of this month, cotton concentrates to Hong Kong. Because buyers are likely to take full customs duties, the expected volume will be larger and the situation of tight circulation will be effectively alleviated.

Cotton in the United States is concerned about the high pressure ahead, and cotton is not very clear in the short term direction.

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< p > operation, wait-and-see.

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< p > < strong > [Wanda futures] all the down of the agricultural products dragged down the ICE period cotton fell down < /strong > /p >

< p > overnight, as the market expects us soybean and corn area to increase significantly in 2013, agricultural products have fallen off the whole range. Although the cotton area may drop sharply, ICE cotton has been dragged down by the external market to maintain its weakness. The main contract in March has fallen 0.06 cents to 75.89 cents / pound.

Next week, the United States is going to make Christmas and New Year holidays, and the market investment climate is weak. At present, cotton price has limited attraction to textile enterprises, the rise may be inhibited, cautiously rising and paying attention to the pressure level of 78 cents / pound in March.

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< p > ICE cotton fell slightly on Wednesday, but the main contract in March is still far from the short-term average line support. The medium and short term average line system continues to rise in series. The KD and MACD indicators continue to rise in a strong area. The MACD index continues to grow, and the rebound trend is unchanged. In March, the agreement is expected to challenge the 78 cents / pound pressure level.

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< p > up to December 19th, China had accumulated 4 million 431 thousand tons of reserves and tight spot resources. The shortage of Zheng cotton warehouse led to a strong 1301 contract, but new cotton warehouse receipts began to increase on Wednesday. At the same time, 1301 positions continued to decline sharply, and the main force was liquidated.

On the other hand, due to the high domestic and foreign cotton prices, the export and consumption are still weak. Some enterprises plan to continue to reduce production, limit production and advance the Spring Festival holiday ahead of the new year. There is little probability of replenishment before the festival. After the confirmation of China's import policy, a large number of imported cotton will continue to rush to the domestic cotton prices. The increase in consumption will make Zheng cotton remain weak and continue to hold long-term contracts, focusing on the 1305 contract 19000 yuan / ton supporting position and the pressure level of 19400 yuan / ton.

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< p > < strong > [one German futures] shock stabilized. Zheng cotton is expected to continue to rebound. < /strong > < /p >

< p > on Wednesday, CF1305 opened up and left low. CF1305 closed more than 5.3 hands, and its position decreased slightly.

CF1305 closed at 19285 yuan / ton, down 75 yuan / ton, reduced 5010 hands; in December 19th, China's imported cotton (FC Index M) 86.51 cents / pound, up 0 cents / pound, 1% yuan tariff reduced price 13893 yuan / ton, sliding price conversion price 14761 yuan / ton.

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< p > according to the news of New York in December 19th, cotton futures fell two month high on Wednesday and ended slightly lower, as cotton producers took advantage of the recent rally.

The main settlement of the ICE in March was 0.06 cents, or 0.08%, at 75.89 cents a pound.

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< p > December 19th, the national "a href=" //www.sjfzxm.com/news/index_s.asp > cotton > /a > trading market commodity cotton matchmaking trade clinch a deal 11220 tons, an increase of 1000 tons compared with the previous paction, the order quantity reduced 640 tons, accumulative total orders 30640 tons.

On the 19 day, the contracts were set up at different levels.

As of December 18th, China accumulated a total of 4 million 395 thousand tons of storage.

At present, the market situation has not changed much. The follow-up policy is the key to leading the market, < /p >

< p > on Wednesday, Zheng cotton went up and down, the main contract was shrank, and the contract continued to lighten up in recent months.

As spot prices continue to rise, Zheng cotton is expected to stabilize again after the upside, and more can only hold the attention trend change.

For today's operation, it is recommended to hold more than one holding. If the callback reaches 19250, the total price of CF1305 will be 19100-19400.

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