Mainland Futures: Cotton Price Continuation

[international spot]

In December 21st, the price of China's main port of import cotton fell slightly, or 0.3 cents.

Judging from the current market situation, the market has not changed the situation, the international cotton business quotes are more cautious.

There are textile mills, reflecting the difficult market profitability at the moment. Only a small number of low price cotton varieties such as Turkey, India and Pakistan can be allowed.

The main capital flows into the stock market (12/22). Some stocks will escape from the stock. They must regret that the sudden rise is likely to be unexpected.

[International Futures]

March contract opening price of 86.94 (cents / pound, the same below), the highest price of 87.38, the lowest price 86.26, closing price 86.65, clearing price 86.84, 4 points, turnover 8837 hands, reduce 299 hands.

On the same day, 49989 bags were registered, an increase of 1081 packages, which was not tested.

[domestic stock]

In December 21st, domestic cotton prices continued to rise, representing

[Zheng cotton futures]

In December 21st, Zheng cotton opened briefly and then fell off. After second consecutive trading days, the previous high points failed to return. The January contract was relatively large in the month of delivery, and the remaining contracts were slightly fluctuating, with the volume of stocks shrinking sharply.

Among them, the CF1201 contract settlement price of 20180 yuan, down 60 yuan; CF1203 contract settlement price 20445 yuan, fell 30 yuan; CF1205 contract settlement price 20720 yuan, and the last trading day was flat; the total turnover of the market 76830 hands, compared with the previous trading day reduced 92480 hands, accumulative position 266698 hands, reduce 11598 hands.

[cotton information]

Although Pakistan's Sindh province encountered a rare flood this summer, cotton production has not been greatly affected. With the increasing number of new cotton coming on the market, the prospect of high yield of cotton in Pakistan this year is bright.

According to the latest statistics of Pakistan cotton processing association, in the first two weeks of December, the new cotton market in Pakistan was nearly 238 thousand tons.

[market review]

In December 21st, the ICE futures market was slack, with a slight fluctuation in cotton prices and no significant change in the monthly contracts.

At present, with the departure of large investors, the market is hard to break through the shock zone in the near future, because the basic situation of the cotton market at present is difficult to attract more funds.

Affected by the international market, domestic cotton prices stopped short rebounding yesterday, and the whole day has been the main shock. Short term investors can carry out high dumping and low inflation, with an interval of 20000-20800.