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Domestic Cotton Market Activity Tends To Be Active, Price Rises Steadily

2010/12/10 11:59:00 43

Purchase And Sale Price Of Cotton Market

1. domestic price and index: 129 level 28256 (+53) yuan / ton; 229 level 27719 (+41) yuan / ton; 328 level 27011 (+48) yuan / ton; 428 level 26218 (+36) yuan / ton.


2. international cotton (26595245.00,0.93%) index: SM index 165.9 (+1.64); 164.8 (+1.76).


3. substitute price: polyester staple fiber 13070 (-50) yuan / ton, viscose staple fiber 27080 (-200) yuan / ton.


4. electronic matching: in December 9th, volume increased, and returned to 26500.

Match the plate on that day.

Shock

In the end of the market, the COSCO monthly contract received 26500 yuan online. The main MA1103 contract closed at 26530 yuan, down 359 yuan. In recent months, the MA1012 contract closed at 27000 yuan, or 41 yuan.


5. cotton spot: the domestic cotton market has maintained a stable and slightly rising pattern. The paction has been mildly enlarged, and the mentality of both buyers and sellers has been stable. At present, the moderate operation pattern is expected to continue.

The downturn in the downstream market and the rebounding of Zheng cotton will bring down or suppress the latter market.


6. international cotton: the United States Department of Agriculture announced the United States from November 26, 2010 to December 2nd.

Cotton export

Presentation.

The export volume of us upland cotton exports is 73 thousand and 400 tons, an increase of 65% over the previous week, an increase of 94% over the previous four week average, mainly to China (34 thousand and 300 tons), Mexico, Vietnam and Turkey.


7. policy regulation: relevant economic data will be released on Saturday, and enterprises will generally expect higher interest rates.


8.ICE cotton: in December 9th, ICE cotton futures continued to remain weak, but strong.

American cotton sales

Data and market speculation that India cotton exports could not reach 935 thousand tons this year, thereby stimulating strong rebound and limit trading in March.

However, the market is still in the doldrums. Most investors are waiting for the USDA monthly report on supply and demand this evening.


Summary:


On the spot side, domestic cotton market activities tend to be active and prices are rising steadily.

But the market for downstream gauze has not improved.

US cotton shipped better data last week, but the market is still in the doldrums.

The market is waiting for the supply and demand monthly released by USDA tonight.

The relevant economic data will be released on Saturday, and the rate of interest rate increase is generally strong.


CF1109 contract in the early stage (2720028200) interval pressure is not small, which is the author recommended waiting for the short entry point.

I believe that in the short term, Zheng cotton's rebound will come to an end.

The negative impact of domestic policy regulation is greater than that of USDA.

Early profit margins can be reduced gradually.

In the absence of a better entry point, it is prudent to establish empty documents in the (2720028200) interval.

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