Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures > < a href= > //www.sjfzxm.com > cotton > /a > warehouse receipt effective forecast increased obviously < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20847 yuan / ton; 229 class 19967 yuan / ton; 328 level 19141 yuan / ton; 428 grade 18507 yuan / ton.

Domestic a href= "//www.sjfzxm.com/" target= "_blank" > textile < /a > Product: polyester staple fiber 10660 yuan / ton; viscose staple fiber 13730 yuan / ton; C32S price is 25720 yuan / ton.

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< p > 2. domestic spot: domestic cotton spot prices continue to rise steadily.

Domestic high-grade cotton is mostly imported into the national reserve. With the consumption of raw materials in textile enterprises, the number of spot market circulation is decreasing, making rumors of dumping and storage more and more serious.

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< p > 3. imported cotton: in December 25th, the quotation of imported cotton rose slightly, and all varieties were raised by 0.25 cents.

It is understood that at present, textile mills are more active in purchasing, and because of the worry that the tariff import policy will change next year, the cotton exports to India at the end of the year will be concerned by textile mills, including the United States cotton, India cotton and a small amount of cotton.

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< p > 4. new cotton storage and storage: as of December 24th, 2012 cotton temporary storage and storage pactions totaled 4894710 tons, including 1477860 tons in the mainland, 2218720 tons in Xinjiang, and 1198130 tons of backbone enterprises.

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< p > 5.ICE cotton: December 25th is Christmas, and the US financial market is closed.

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< p > summary: < /p >

< p > the effective forecast of cotton registered warehouse receipts has increased significantly recently.

For Zheng cotton in May, the demand for the market after the storage period is still weak, and when the price of Zheng cotton is higher than the cotton price in the social circulation, the cotton buying enterprise has no power to choose the futures purchase channel.

This determines that futures prices do not continue to rise, and that the recent rumors of dumping and storage are becoming more and more serious, which is not conducive to the strengthening of Zheng cotton.

Generally speaking, Zheng cotton did not get rid of the regional concussion in May.

Below 19100 and above 19450 are good entry points.

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< p > < strong > [MEIKO futures] textile enterprises are looking forward to throwing away the pressure above the zhengmian cotton instead of < /strong > /p >

< p > overnight, December 25th is Christmas day, the US financial market is closed, and ICE cotton prices and comments are suspended.

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< p > industry news, cotton standard impurity rate adjustment study will start next year, and is expected to start within two years.

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< p > international market. On the 24 day, the price of China's main port of imported cotton has generally risen.

Among them, Pima cotton rose the biggest in the United States, followed by Brazil cotton and West African cotton.

With the time limit for the import quota of cotton issued 894 thousand tons and 1% tariffs, cotton prices in the ICE period gradually increased, and the quotation of imported cotton also rose.

In addition, there are rumors that the country is considering the issue of dumping and storage, resulting in the day cotton contract in recent months down.

If the rumor is true, it is expected that domestic cotton prices will decline a certain range, and the difference between inside and outside cotton prices will gradually shrink.

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< p > domestic market, 25 days, cotton spot continued to maintain stable trend of small and medium rise.

Because of the huge price difference between inside and outside cotton, China's cotton industry has seen double inventories and imports this year. The downstream demand of textiles has not improved significantly. Moreover, in order to solve the problem of cotton consumption, it will also be introduced. Although cotton prices have been stable recently, the possibility of falling down will not be ruled out at the end of storage and storage.

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< p > National Reserve dynamics. In December 25th, the State Cotton temporary storage and storage reached 36570 tons. As of that date, 2012 cotton temporary storage and storage pactions totaled 4931280 tons in 2012, of which 3733150 tons were listed on the list, and 1198130 tons of major contracts were signed by key enterprises.

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"P > spot quotation, December 25th, the United States C/A cotton 92.30 (cents / pound), port trade delivery price 15377 yuan / ton (calculated by sliding tax); Australia cotton 97.30, port trade port delivery price 15983 yuan / ton; Uzbekistan cotton 94.85, port trade delivery price 15710 yuan / ton; West Africa cotton 88.60, port trade delivery price 14911 yuan / ton.

CNCotton A 20029 yuan / ton, up 15 yuan; CNCotton B 19199 yuan, up 3 yuan.

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< p > market analysis. In recent years, the number of cotton exports to the port has been increasing. Textile enterprises are expected to heat up the selling of cotton reserves.

The US cotton 03 wants to challenge the previous high point 78.02 cents, Zheng cotton 05 rebound kinetic energy is weak, returns to the early stage vibration platform, supports 18950.

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< p > operation, shock interval to see support.

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< p > < strong > [one German futures] < a href= "//www.sjfzxm.com/news/index_s.asp" > cotton market < /a > short term supply is tight, Zheng cotton steadily rises < /strong > /p >

< p > CF1309 rose slightly on Tuesday, and CF1309 closed more than 8356 hands at the close.

CF1305 closed at 19175 yuan / ton, up 35 yuan / ton, reduced 10 hand; in December 25th, China's imported cotton (FC Index M) 86.63 cents / pound, up 0.2 cents / pound, 1% yuan tariff reduced price 13912 yuan / ton, sliding price conversion price 14747 yuan / ton.

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< p > US closed.

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< p > December 25th, the cotton trading market in the national cotton trading market reached 10500 tons, an increase of 380 tons compared with the previous paction.

The order volume was reduced by 100 tons compared with the previous trading day, and the total order quantity was 22620 tons.

On the 25 day, the opening of the contracts was different.

On the basic level, as of December 24th, the total amount of cotton in storage reached 4 million 890 thousand tons.

Recently, the market was revised and some related pactions and delivery rules were revised.

Prices in the spot market continue to rise steadily, and the shortage of high-grade cotton resources remains. Textile enterprises are pressing demand for import quotas, and the country is expected to throw away the industry pressure as soon as possible.

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On Tuesday, Zheng cotton far month contract trend was strong, 1309 steadily rising, the spot price index has risen to 19160. Before the start of the stock market, the material will not end. The far month contract is more suitable to do more. At present, the contracts are more or less premium than the spot premium, and the price is obviously supported.

Today's operations suggest that more than one single holding, 09 stop loss 19100, CF1309 reference price range of 19000-19300.

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< p > < strong > [Wanda futures]ICE phase cotton is closed for Christmas, and Zheng cotton disadvantaged collation < /strong > /p >

< p > 25, the US cotton market closed for Christmas. As of December 25th, China had accumulated 4 million 932 thousand tons of storage and 1301 contracts had stabilized and made certain support for Zheng cotton.

But in 2013, China will issue new import quotas, and at the same time, market rumors that China will sell some of its reserves at a price of 19000 yuan / ton, and then issue quotas in a certain proportion. In January, the new cotton in the United States and India will go to Hong Kong in large quantities, and the above factors will constitute a pressure on domestic cotton prices.

Therefore, although domestic resources are slightly tight due to storage and storage, the supply will tend to be loose. At the same time, with the arrival of the Spring Festival, domestic enterprises will welcome the Spring Festival holiday. Downstream consumption and exports will remain weak because of the high cotton price difference between inside and outside. In this case, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > ZHENG cotton < /a "is difficult to get rid of the weak pattern, continue to hold long-term contracts, pay attention to the 1305 contract 19000 yuan / ton support and 19400 yuan / ton pressure.

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