Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures]5 month contract interval operation < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20784 yuan / ton; 229 class 19909 yuan / ton; 328 level 19079 yuan / ton; 428 grade 18429 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 spot: the spot cotton price trend continues to show a steady upward trend. Cotton processing enterprises, because of cost considerations, coupled with the support of the state's temporary purchasing and storage policy, have strong price intentions, while the textile enterprises are under the double squeeze of high cotton prices and sales difficulties, and the two sides will fall into a stalemate phase of purchase and sale.

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< p > 3. imported cotton: in December 13th, the strong rise of imported cotton in recent days has discouraged textile mills, while the volume of market volume has declined significantly, and enquiries are also decreasing.

Although the ICE cotton continues to grow, cotton prices are cautiously priced, and other quotes remain stable in addition to the 0.7 cent increase in the US EMOT M grade offer and the increase of 0.2 cents in all grades of Brazil cotton.

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< p > 4. new cotton storage and storage: as of December 13th, 2012 cotton temporary storage and storage pactions totaled 4024070 tons, including 1329300 tons in the mainland, 2069120 tons in Xinjiang, and 625650 tons of backbone enterprises.

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< p > 5.ICE cotton: in December 13th, the US financial cliff negotiations were blocked, the dollar index rebounded and the commodity market generally weakened, which had adverse effects on the ICE cotton market.

ICE cotton was once low and low, after a short break of 75 cents in the trading, it fell again, and the March contract eventually lowered 56 points.

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< p > summary: < /p >

The P USDA report reduced global initial and final inventories and increased global consumption.

This is the first report that has been reported for the first time in more than a month.

But the Chinese market has a special situation in China's market. China's high inventory and policy make the report discount on the multi role of Zheng cotton.

It is very likely that the contract will be maintained in May, so it is difficult to break through in the near future and suggest interval operation.

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< p > < strong > [MEIKO futures] staged stable operation, Zheng cotton fell into a narrow shock deadlock < /strong > < /p >

On the 13 day, the US financial cliff negotiations were blocked, the US dollar index rebounded and the commodity market generally weakened, which had adverse effects on the ICE cotton market on the following day, P.

ICE cotton was once low and low, after a short break of 75 cents in the trading, it fell again, and the March contract eventually lowered 56 points.

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< p > industry news, the US cotton export weekly: when Zhou, 2012/13, the net volume of US cotton exports was 64 thousand and 400 tons, 32% less than the previous week, and China (30 thousand and 900 tons).

The export volume of us upland cotton exports is 41 thousand and 200 tons, 14% less than the previous week and shipped to China (17 thousand and 600 tons).

USDA data showed that although cotton prices rose last week, the import demand of textile mills did not stagnate, but slowed down, and China bought more than 3 tons.

High cotton prices are hard to stimulate more demand.

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P > the international market, the 13 day, the strong rise in imports of cotton imports made the textile mills prohibitive, while the market volume fell sharply, and the inquiry was reduced.

Although ICE cotton continued to rise, the price of the cotton traders tended to be cautious, and other quotations remained stable except that the US EMOT M grade quotations were up 0.7 cents and the various grades of Brazil cotton were up 0.2 cents.

If spot demand can not be improved, it is difficult to maintain strong cotton quotations.

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< p > domestic market, on the 13 day, benefiting from the new national cotton purchasing and storage policy in the new year, the spot price of domestic cotton has risen slightly, but the global economic slowdown, the European debt crisis and the "fiscal cliff", the market's worries about the future economic situation have led to the textile export demand.

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< p > National Reserve dynamics. In December 13th, the State Cotton temporary storage and storage business reached 48420 tons. As of that date, 2012 cotton temporary storage and storage pactions totaled 4024070 tons in 2012, including 1329300 tons in the mainland, 2069120 tons in Xinjiang, and 625650 tons in key enterprises.

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December 13th, the United States C/A cotton 91.10 (cents / pound), the discount port RMB delivery price 15251 yuan / ton (calculated by sliding tax); Australia cotton 96.10, discount port RMB port delivery price 15898 yuan / ton; Uzbekistan cotton 93.60, folded port RMB port delivery price 15570 yuan / ton; West Africa cotton 86.35, discount port RMB port delivery price 14668 yuan / ton; India cotton 85.60, discount port RMB port delivery price 14579 yuan / ton.

CNCotton A 19909 yuan / ton, up 17 yuan; CNCotton B 19079 yuan, up 15 yuan.

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< p > market analysis, spot prices are still relatively stable, downstream yarn prices may still decline, with the cotton concentration to port approaching, although there are state purchasing and storage support, but spot supply pressure or long-term existence.

The US cotton adjustment pays attention to 73.95 support, 05 maintains the interval shock, continues to pay attention to the former low 18950 support.

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< p > operation, narrow swing, wait-and-see is appropriate.

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< p > < strong > [one German futures] in recent months, the main contract of zhengmian benefited from < /strong > < /p >

< p > CF1305 fell on Thursday, and CF1305 closed more than 6.7 million hands.

CF1305 closed at 19180 yuan / ton, up 45 yuan / ton, reduced 8928 positions; in December 13th, our country imports < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > (FC Index M) 86.12 cents / pound, up 0.23 cents / pound, 1% yuan tariff reduced price 13831 yuan / ton, sliding price conversion price 14709 yuan / ton.

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< p > according to Dow Jones New York December 13th, the US cotton futures fell on Thursday. According to the data released by the US Department of agriculture on Thursday, despite the rise in cotton prices, import demand from overseas cotton factories has not stagnated, but demand has begun to slow down.

The settlement price of the ICE in March dropped 0.8% to 74.56 cents per pound.

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< p > December 13th, the cotton trading market in the national cotton trading market reached 10940 tons, an increase of 740 tons over the previous paction, an order reduction of 700 tons, and a total purchase of 32840 tons.

On the 13 day, the contracts were opened up, with a narrow range within the day.

On the basic level, textile enterprises are more concerned about the lower quota of the 1% quota. Generally, it is expected that by the end of December, traders will pay special attention to the 40% tariff clearance policy.

All cotton yarn market is gloomy, knitting yarn price center slightly subsiding, market shipments volume continues to decline, downstream demand is weak, weaving manufacturers shut down a lot, start work is barely maintained.

Market spot is still in short supply, prices continue to rise.

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< p > Zhou Sizheng cotton rush high fell, rebounded slightly within the day, the current fundamentals are still conducive to the contract in recent months, the whole Zheng cotton position pattern, the long and short are continuing to leave, the short-term direction of the approximate rate with the early rebound trend of operation, Zheng cotton overall bottom is still solid, today the material rebounded again, but the upper space is also limited.

Today's operation suggests that the target price is 19100, and the CF1305 reference price range is 19000-19300. The target price is 19250.

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< p > < strong > [Wanda futures] good export bad enemy financial cliff precipice, the United States cotton fell slightly < /strong > < /p >

< p > although the US cotton contract has exported 64 thousand tons of upland cotton this year as of 6 days, of which China signed 31 thousand tons of import, signed 70 thousand and 300 tons of land cotton and signed a total of 400 thousand tons of land cotton for the 6 consecutive week, accounting for 15.57% of USDA's 2 million 569 thousand tons.

Meanwhile, the US retail sales rose in November, and the number of jobless claims fell early in the week.

But the Federal Reserve's decision to link monetary policy to unemployment is worrying that its economic stimulus may be limited. At the same time, financial cliff negotiations are still divided. If no agreement is reached, the US economy may fall into recession. This offset the support of exports and economic data to the market. Overnight ICE cotton fell slightly, and the March contract fell 0.56 cents to 74.56 cents / pound, but the rebound trend has not changed.

At the end of the year, the market investment climate is light, and the price of 74 cents / pound is limited to commercial buying, so it is difficult to be encouraged to buy the fund.

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< p > Wednesday ICE cotton small Yin collection, but the main contract in March stable short term average line, the medium and short term average line system continues to rise in a row, KD and MACD indicators in the strong region continue to rise in a row, MACD index red column running smoothly, rebound trend unchanged, cautious bullish attention to 74 cents / pound support for the market.

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< p > up to December 13th, China had accumulated 4 million 20 thousand tons of reserves and tight spot resources. The 1301 contracts in the early trading market were sharply reduced by more than ten thousand hands. However, the expectation of forcing the warehouse did not weaken. Although the short positions opened up 1305 contracts, Zheng cotton could not attract the initiative to buy.

At present, there is no improvement in downstream consumption and exports. Some enterprises plan to reduce their positions in 2013, limit production and advance the Spring Festival long holidays. In December, India and the United States cotton will arrive in large numbers, and China's new quotas will also be released. The supply will increase and consumption will not increase. The domestic spot cotton price will maintain a weak pattern. For the sake of short-term contracts, it is difficult to change the long-term weakness of cotton prices. < a href= "//www.sjfzxm.com/news/index_s.asp" > ZHENG cotton < /a > will continue to hold 1305 contracts with the US cotton callbacks, paying attention to 19000 yuan / ton supporting position and 19200 yuan / ton pressure level.

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