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Cotton Volume Decreased By &Nbsp; Increased Storage And Shade.

2011/5/20 11:39:00 34

[market review]

Electronic matching: May 19th, the national cotton trading market.

Product cotton

The day of the electronic match was mixed up in the external market and the domestic commodity market. However, the market was generally not optimistic about the late economic situation and not enough confidence. After 11 noon, the domestic commodity market and stock market suddenly fell, which led to a sharp fall in the matching market. The decline was extended in the afternoon, and the MA1108 contract ended at 24600 yuan, down 169 yuan. In recent months, the MA1105 contract closed at 23955 yuan, down 81 yuan.

The volume of pactions was on the same day, and the order volume continued to increase.

Futures: external:

ICE cotton

Futures fell sharply on Thursday due to investors' profits. The market seems to be breathing after a recent rise. Market participants consider how to proceed next weekend.

Cotton futures contracts fell 4.21 cents in ICE7 months.

Inside: yesterday, Zheng cotton CF1109 contract opened high, morning plate sideways finishing, once a rush ahead of the afternoon, but by the high position closed down, down, afternoon concussion fell, the day line formed the Yin line, intra day trading volume amplification, position slightly increased.

Spot: yesterday, China's cotton price index (CCIndex328 level) was 24561 yuan / ton, down 45 yuan, and the average price of 527 cotton to plant was 22686 yuan / ton, or 31 yuan.

The spot market has changed little, but the high-grade cotton is quietly rising. Xinjiang cotton is also rising momentum. Real estate stock is still not moving. Some enterprises with 5 grade cotton or below are very anxious. These low grade cotton prices are also depressed.

The decline of textile yarns did not stop and cotton prices continued to fall.

The wave of the electronic disk.

rebound

Market is not optimistic, many institutions think that the basic weakness has become a drag, and this wave of capital market access is faster, the short term is difficult to form a clear trend.

News tip: USDA:12 on the week before that week, the US's current market annual cotton export sales decreased by 30 thousand and 500 packets.

According to the National Bureau of statistics, the home textile industry increased by 23% last year, and exports grew by more than 14%.

In the month of 1~3 this year, the output value of 1526 home textile enterprises increased by 23.78%, sales increased by 24.53%, and exports increased by 13.85%. The basic situation was unchanged from last year.

In the past 3 years, the issuance of funds in the central bank has fluctuated or intensified.

[operation suggestion]

US cotton continues to pick up, and the reduction of cotton registered stocks constitutes a support for us cotton contracts in recent months.

Domestic production data of major textile products in April showed that the output of cotton yarn, grey fabric and chemical fiber had decreased in varying degrees in April, and the export tax rebate would be reduced.

Yesterday, Zheng cotton a small amount of exploration, warehouse volume magnified in the middle of the Yin line, the pressure in the early gap is greater, the short line still maintain a weak pattern.

Cotton demand is short and difficult to change, so that the price trend will continue.

What is worth noting is that it is easier and harder to get ahead. Once the monetary measures are taken in the late stage, the direction of the price will be determined.

On the whole, the technology is in a short trend, but the downlink space is also limited.

In the near future, it will be more likely to maintain a concussion pattern. It is suggested that investors should wait and see more, operate less and wait patiently for the follow up after the break up.