Cotton Price Quotation In Cotton Futures Market In September 10Th

< p > < strong > [Wanda futures] cotton early comment < /strong > < /p >
< p > September 9th, the Chinese government started the purchase and storage policy as planned, and the support of ICE cotton 82 cents / pounds was verified. The short term repair made ICE cotton continue to rebound, and the main contract in December was 0.29 cents to 83.5 cents / pound. Although the US cotton is facing some favorable factors such as tight resources, new cotton production and China's purchasing and storage, consumer buying is relatively weak. India's increase in production expectations and the Chinese government's possible low price throw are the main factors to curb consumer buying. At the same time, the fund has not seen a big increase in its holdings recently. In this case, the rebound is limited, and it is advisable to maintain a medium-term decline in the short-term rebound. < /p >
< p > ICE cotton continued to rebound on Monday. The main contract for December was closed by Xiao Yang, but it was still suppressed by short-term averages. The short-term average continued downward and the medium-term average formed a short order. KD and MACD indexes continued to fall short, MACD index green column shortened, and the trend of decline slowed down. Continue to pay attention to the December contract of 82 cents / pound strong support position, if the support is verified, the rebound will continue, such as 82 cents / pound strong support fall, the downward target will be 79 cents / pound line. < /p >
< p > although China's purchasing and storage is officially launched and the rules for storage and purchase have been announced, the cotton enterprises concerned remain cautious. Theoretically, the level of storage determined by the theory covers more than 80% cotton, but the problems faced by specific operations still need to be verified by the market. It has led to the shortage of warehouse receipts and the support for Zheng cotton, but it is rumoured that the Chinese government might throw the store at a low price in November to ease the demand for a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > cotton demand for enterprises. The current reserve policy will be terminated in 2014, and spot cotton prices may be substantially lower than the 20400 yuan / ton storage price. At the same time, according to the new purchase and storage rules, it is difficult for Zheng Mian stock to enter the national reserve, which will, to a certain extent, stop the arbitrage of the purchase of Zheng cotton into the national reserve. Zheng cotton can hardly attract the initiative to buy the intervention. It will not support the rebound of the lack of basic support. It will continue to increase the 1405 contract empty list and short-term target to 18300 yuan / ton line. Although storage may be possible < /p >
< p > < strong > [one German futures] receipt and storage rules announced that Zheng cotton arbitrage opportunities appear < /strong > /p >
< p > CF1401 high volatility on Monday, CF1401 closed 10268 hands, and positions increased slightly. CF1401 closed at 19705 yuan / ton, up 50 yuan / ton, increased 184 positions; in September 9th, China's imported cotton (FC Index M) 95.95 cents / pound, up 0.52 cents, 1% yuan tariff reduced price 15090 yuan / ton, sliding price conversion price 15812 yuan / ton. < /p >
< p > according to New York's September 9th news, the price of cotton during the ICE period rose on Monday, hitting more than a week's high level, aided by shorting up and expected Chinese demand continued, as China began to store and store cotton. ICE cotton contract in December rose 0.29 cents, or 0.35%, at 83.50 cents a pound. < /p >
< p > September 9th cotton trade in the national cotton market was 15760 tons, 1740 tons less than the previous day. The order quantity remains unchanged and the total order is 14620 tons. The domestic market: the new year's storage and purchase has started, and the detailed rules of receipt and storage have been issued. Enquiries for cotton outside the port are good, but the actual turnover is light. The domestic cotton market is cold and the price center is moving downward. < /p >
< p > on Monday, Zheng Mian CF1401 was at a high concussion, and the rules for receipt and storage were announced. The quality of low-grade lint can not be stored in the warehouse. Then a large number of registered warehouse receipts will be generated outside the storage. According to the Cotton Association statistics, this part of lint is about 30%, so the 1401 and 1405 contracts are facing the same fundamentals, but the price difference has reached 1000 yuan / ton. At present, the best operation strategy is empty more than 1401 1405, and the price difference is expected to decrease obviously. It is suggested that investors can intervene in empty more than 1401 1405 arbitrage at present price, and the reference price range of CF1401 is 19600-19900. < /p >
< p > < strong > [MEIKO < a href= > //www.sjfzxm.com/news/index_c.asp > futures > /a > the implementation method of storage and storage is still in stalemate.
< p > overnight market, the 9 day ICE cotton market is short of sales, short intervention to stimulate cotton prices to rise to close, the market as a whole remains light trading. At present, investors hope that China's purchasing and storage can provide support for cotton prices. In addition, this week's USDA supply and demand report is about to be released, and the market expects us cotton output to continue to adjust. < /p >
< p > cotton Market: the price of China's main port of imported cotton has risen by about 1 cents. The question of whether or not the country throws the store again continues to make buyers cautious about the market, and the delay in textile peak season also restricts the replenishment of textile mills. The current procurement is still concentrated on a few Port Bonded cotton varieties. Due to the fact that the number of cotton to port in the next few months is not expected to be large, the bonded cotton stocks in the main ports of our country show a slow downward trend. Yesterday, the purchase and storage work was officially launched, and the price to the library was 20400 yuan / ton. National Development and Reform Commission announced the receipt and storage rules, it is certain that the comparison of the rules of purchasing and storage work, the standards will be improved, and we will strictly grasp the details of the first batch of new flower inspection and purchase and storage transactions. < /p >
< p > spot quotation, USA C/A cotton 95.85 (cents / pound), port delivery price 15747 yuan / ton (calculated by sliding tax); Uzbekistan cotton 99.62, port delivery price 16189 yuan / ton; India cotton 89.42, port delivery price 15033 yuan / ton; CNCotton A 20130 yuan / ton; CNCottonB 19277. < /p >
< p > market analysis, yesterday's < a href= "//www.sjfzxm.com" > ZHENG cotton new < /a > annual storage and purchase work was officially launched. Compared with the previous implementation methods, the "standard improvement and strict grasp" is the main keynote, paying attention to purchasing and storage. The United States cotton concern 80 near buying, pressure 01 zhengmian 19800, 05 contract 19000. < /p >
< p > operation, pressure cf01 19800; cf05 19000, more short on the short line. < /p >