Cotton Price Quotation In Cotton Futures Market In February 20Th

< p > < strong > [MEIKO futures] the market is waiting for consumption to guide Zheng cotton shock test pressure < /strong > < /p >
< p > overnight, the first trading day after the small holiday, ICE cotton traded actively. With the March contract to be delivered, most of the contracts were transferred to the far month. Meanwhile, the decrease in speculative sales prompted cotton prices to rise substantially, and the main contract increased by 1% in May. At present, there are 68570 packages of cotton waiting for inspection and warehousing, so the future warehouse transfer will be very active. In addition, China's a href= "//www.sjfzxm.com/" target= "_blank" > textile "/a" plant is about to return to market, and cotton prices are expected to remain strong at high levels. < /p >
< p > international market. On the 19 day, the price of China's main port of import cotton remained stable. Judging from the market situation, most textile mills have not yet started, and the number of new orders is limited. It is understood that with the high-grade cotton resources are becoming less and less, if the domestic cotton sold is difficult to meet the production needs of textile mills, then the price of American Pima cotton and AO cotton varieties will remain strong. In addition, the market still holds hope for China's issuance of quasi tax quotas, plus the market's hype about the decline in US cotton planting area, and there will be little room for falling cotton prices. < /p >
< p > domestic market, 19 days, domestic cotton spot prices remained stable. Despite the signs of improvement in macroeconomic and industrial data in recent months, textile enterprises' orders have not been substantially restored, and textile enterprises are cautious in purchasing. From the perspective of supply and demand environment, domestic high inventory consumption ratio and huge price difference between inside and outside cotton do not support spot cotton price rise sharply. < /p >
< p > spot quotation, 19 days, C/A cotton 98.10 (cents / pound), port delivery price 16191 yuan / ton (calculated by sliding tax), Australia cotton 101.85, port delivery price 16655 yuan / ton; West Africa cotton 93.35, port delivery price 15628 yuan / ton; India cotton 88.35, port delivery price 15066 yuan / ton. CNCotton A 20110 yuan / ton; CNCotton B 19281 yuan, down 1 yuan. < /p >
< p > market analysis, the market is expected to have a strong reduction in cotton planting area in the new year, which will boost the price formation and guide the market to wait for consumption. In terms of technology, near 20 thousand is the long-term trend critical pressure level, which is also near the cost of storage and storage. There is a repeated demand. < /p >
< p > operation, support 19550, low pressure before high, interval operation. < /p >
< p > < strong > [Yi De futures]. When the direction of high and empty cotton is not reversed, < /strong > /p >
< p > on Tuesday, CF1309 opened up high and pulled up, and the CF1309 closed more than 25.6 hands. CF1309 closed at 20030 yuan / ton, up 210 yuan / ton, increased 28808 positions; in February 19th, China's imported cotton (FC Index M) 91.58 cents / pound, up 0 cents / pound, 1% yuan tariff reduced price 14658 yuan / ton, sliding price conversion price 15503 yuan / ton. < /p >
< p > according to the news of New York in February 19th, cotton prices rose on Tuesday, and the price gap between March and May expanded to the highest level in nine months, because speculators who liquidated their long positions were on the sidelines and Chinese buyers returned to the market after the Lunar New Year holidays. ICE's most active May cotton contract rose 0.94 cents, or 1.1%, and the settlement price was 84.13 cents per pound. < /p >
< p > February 19th, the cotton trading market in the national cotton trading market reached 10240 tons, down 300 tons from the previous trading day. The order quantity is reduced by 380 tons, and the total order is 16340 tons. On the 19 day, most of the contracts were opened up, and within a wide range of days, most of the contract prices rose. On the basic level, after the festival, enterprises started to start, the actual demand of high-grade resources is better, Xinjiang cotton is still in demand, and the cotton yarn market is booming, but the actual turnover is still light. Most of the factories have been started now, and most of the small factories are scheduled to start after the Lantern Festival. The launch of the reserve cotton business was officially resumed yesterday. According to some enterprises, it is not urgent to replenishment in large quantities because they know that the resources are sufficient and the quality of subsequent resources can be improved. < /p >
"P" > on Tuesday, Zheng cotton added to the warehouse, but the timing of the rally is yet to come. Air refueling is not a good thing. It is feared that it will once again be pushed down to its lowest point. Only after fully adjusted the latter market is expected to develop healthfully. Based on the new trend of US cotton, the price will still have room to rebound, and the latter will mainly rely on the selling of cotton reserves, and we will seize the high position of the warehouse. Today's operation suggests that empty single hold, high plus empty, CF1309 reference price interval is 19900-20300. < /p >
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< p > < strong > [Hongyuan futures] after the impact of rumors, the funds face contest < /strong > < /p >
< p > key points < /p >
< p > 1. Price Bulletin: domestic lint: 129 level 20982 yuan / ton; 229 class 20110 yuan / ton; 328 level 19281 yuan / ton; 428 grade 18667 yuan / ton. Domestic textiles: polyester staple fiber 11380 yuan / ton; viscose staple fiber 14560 yuan / ton; C32S price 25870 yuan / ton. < /p >
< p > 2. domestic stock: after the Spring Festival, cotton inspection increased by 1915 tons before the holiday, and cotton enterprises resumed slowly. It is reported that part of the Yangtze River Basin is affected by rainfall, and the reemployment time is slightly delayed. Downstream, spinning mills have been opened, production has not been restored, yarn trading is scarce, and all cotton yarn prices remain stable. < /p >
< p > 3. imported cotton: the main port price of imported cotton is generally rising compared with that before the festival. The West African cotton and Australian cotton rose 1.5 cents, while the United States cotton rose 1 cents, and the varieties decreased slightly. During the festival, China's textile mills are far from the market, even if there are few textile mills to start at the moment, it is expected that market turnover will be difficult for some time to come. < /p >
< p > 4. cotton reserve put into operation: in February 19th, China cotton reserve management company plans to sell and reserve cotton 80124.96 tons, and the actual turnover is 28903.51 tons, with a turnover rate of 36.07%. On the same day, the average level of transactions was 3.82, with an average length of 28.32mm, with an average transaction price of 18913 yuan / ton, with a turnover of 328 yuan (19319 yuan / ton). < /p >
< p > 5.NCC: according to the latest US cotton planting intention report released by the National Cotton Association (NCC), the US cotton planting area in 2013/14 is expected to be 9 million 15 thousand acres, 26.8% less than this year. Among them, the area of the upland cotton is expected to be 8 million 812 thousand acres, a decrease of 27% compared with the same period last year; the Pima cotton area is expected to be 203 thousand acres, a decrease of 15% over the same period last year. < /p >
< p > 6.ICE cotton: on the first trading day after the small holiday, ICE cotton traded actively. With the March contract to be delivered, most of the contracts were transferred to the far month. Meanwhile, the decrease in speculative sales prompted cotton prices to rise substantially, and the main contract increased by 1% in May. < /p >
< p > summary: < /p >
< p > American cotton is supported by the demand of China and the reduction of cotton planting area in the new year. Zheng cotton is currently in a strong policy market. The "warehouse receipt problem" is the core. China's dumping and storage < < a href= "//www.sjfzxm.com/news/index_q.asp > quota policy < /a > is the top priority. There are many rumors in the market, which are all competing for interests. After the rumors, it is a contest of funds and it is difficult to find out the reasons for short-term fluctuations. < /p >
< p > < strong > [Wanda futures] speculative buying makes ICE breakthrough break 84 cents pressure level < /strong > /p >
< p > overnight, CBOT soybean prices rose strongly to boost market sentiment. The ICE cotton market was close to the end of the exhibition trading, and the pressure on many single profit margins was weakened. Based on the speculation that the US cotton planting area will be substantially reduced, speculative funds continued to increase holdings. The May contract reached a maximum of 84.82 cents / pound, ending up 0.94 cents to 84.13 cents / pound, hitting 9 month high. At present, the fund is very optimistic about ICE cotton prices, while the United States cotton sales are good, grain and cotton prices remain high, before the fund's long position unchanged, the future rally will continue. < /p >
< p > Tuesday ICE cotton Xiao Yang closed, the main contract in May exceeded 84 cents / pound pressure level, the average system maintained a good long rise in ranking, KD and MACD indicators have formed a trend of rising trend, MACD index green column shortening, cotton prices become stronger, the rally will continue, pay attention to 84 U.S. cents / pounds on cotton price support role. < /p >
< p > > a href= "//www.sjfzxm.com/news/index_s.asp" > ZHENG cotton < /a > the market speculation does not seem to have given up the problem of continuing to hype the shortage of warehouse receipts. Although the increase in Tuesday's holdings is upwards, the admission funds are far lower than the funds left before the Spring Festival. When the shortage of new cotton warehouse resources is tight, the bears are not in love with the contracts this year. At the same time, cotton prices are not attractive to enterprises that still have certain new cotton stocks. In this case, if speculative funds continue to increase holdings, the short-term rebound will continue. However, the fundamentals do not support the rise in cotton prices. The government's 19000 yuan / ton throw is still continuing. The market is rich in resources and is not suitable to catch up. Investors are advised to open up new battlefields in the 1401 contract and gradually increase their holdings in 1401 contracts. < /p >