Cotton Price Quotation In Cotton Futures Market In October 8, 2013

< p > < strong > [Wanda futures] < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > early comment < /strong > /p >

< p > tropical storm Karen has gradually weakened, easing concerns about the damage to cotton crops in the United States. In addition, the US government's outage and budget deadlock have made investors uneasy. Many single positions have resulted in a 3.16 cent drop in the ICE cotton contract in December to 84.02 cents / pound, or 3.6%.

At present, the US government is still in a state of suspension, which will affect the popularity of investment in the market. The USDA monthly supply and demand report, which was originally announced on Friday, will be cancelled. From the CFTC data, the impetus for the early cotton price increase comes mainly from commercial buying. The fund still maintains a wait-and-see attitude. In this case, ICE cotton may again challenge 82 cents / pound pressure level again.

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< p > ICE cotton fell sharply on Monday, the main contract in December fell short of the short-term average line support, while KD and MACD index continued to rise in a row, but there was a downward trend in the formation of short and dead ends, MACD index red column shortened, cotton prices weakened, downtrend may continue, December contract is expected to challenge another 82 cents / pound strong support position.

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Rising, that is, Zheng cotton's rise has not been supported by funds. During the national day, the price of seed cotton in Xinjiang is still high. The high cost of lint cotton compels the enterprises to reduce the acquisition progress, and slow down the progress of purchasing and storage, and the market circulation resources are sufficient. In the case of Zheng cotton's challenge of 20000 yuan / tonne pressure level, some ginning mills may consider selling value at the beginning; on the other hand, after the end of the purchase and storage in March 2014, the reserve policy may be replaced by the cotton subsidy policy, the domestic and foreign cotton prices will be closer, the forward contracts will hardly attract the attention of the funds, Zheng cotton will easily rise and fall, and it is advisable to keep the empty ideas and keep the 19000 yuan / ton pressure level to continue to increase the 1405 contracts. < p > the departure of pre holiday funds made Zheng cotton concussion.

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< p > < strong > [MEIKO futures] at the end of the coming year, the inventory pressure is at a new high level. Cotton has a limited upward trend at the beginning of the year < /strong > < /p >.

< p > overnight overnight, in October 7th, the impact of Typhoon "fitt" and the US tropical storm Karen on the major cotton producing areas in China and the United States was greatly weakened. The ICE futures market largely withdrew from speculation, and the market volume dropped sharply, and the volume increased to nearly 40 thousand hands.

This week's USDA monthly report will also be cancelled due to the closure of the federal government.

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< p > cotton Market: 1, the Quanzhou Shishi Office of the entry exit inspection and Quarantine Bureau was informed that Brazil announced that the import tariff of 14 categories of 100 products with a total of 100 products in September 2012 will be returned to the average tax rate of 8% to 12% since October 1, 2013.

The 14 categories of 100 products included in the scope of adjustment include iron and steel, glass, chemicals, rubber and plastic products, paper and pulp, < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > products, pport equipment, food industry, petroleum derivatives, a target= "_blank" href= "//www.sjfzxm.com/" > shoes > products, firebricks, cables and wires and machinery and equipment production.

2, before the holiday, acquisitions continued, and the color and acquisition of cotton were affected in some areas.

Xinjiang's acquisition process is relatively fast, and most enterprises in North Xinjiang are open to acquisitions.

Textile, cotton yarn turnover slightly improved, pressure on manufacturers to reduce inventory, but the overall market is still weaker than in previous years, manufacturers have little confidence in the market outlook.

3, as of September 30th, the total annual turnover of cotton temporary storage and storage in 2013 was 100630 tons, of which 20550 tons were accumulated in the mainland and 80080 tons in Xinjiang.

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< p > spot quotation, USA C/A cotton 98.35 (cents / pound), port delivery price 15873 yuan / ton (calculated by sliding tax); Uzbekistan cotton 101.80, port delivery price 16392 yuan / ton; India cotton 91.60, port delivery price 14839 yuan / ton; CNCotton A 20161 yuan / ton; CNCottonB 19297.

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< p > market analysis, the closure of the US government led to the cancellation of the USDA monthly report and the lack of speculation in the market stage. The Chinese side is a stabilizer and the price is small upward. But the inventory will be put down at a historical high in the coming year, with a limited upward trend.

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< p > operation, stable stage, short wait and see.

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< p > < strong > [one German futures] stable before the market, Zheng cotton arbitrage opportunities exist < /strong > < /p >

< p > before the festival, CF1405 rebounded sharply, CF1405 closed 7462 hands, and the position decreased slightly.

CF1405 closed at 18800 yuan / ton, up 120 yuan / ton, reduced 1424 hands; in September 30th, China's imported cotton (FC Index M) 98.48 cents / pound, rose 1.05 cents / pound, 1% yuan tariff reduced price 15482 yuan / ton, sliding price conversion price 16118 yuan / ton.

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< p > according to New York's October 7th news, Intercontinental Exchange (ICE) cotton futures fell on Monday, recording the largest single day decline in more than six weeks, as the tropical storm Karen gradually weakened, easing concerns about the damage to cotton crops in the US. In addition, the US government's outage and budget deadlock made investors uneasy.

The ICE12 cotton contract fell 3.16 cents, or 3.6%, at 84.02 cents a pound.

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< p > September 30th cotton trade in the national cotton market was 13300 tons, 6340 tons less than the previous day.

Orders increased by 240 tons, totaling 13240 tons.

Domestic market: in recent days, some market participants have reflected that the purchase price of seed cotton in some cotton areas of Xinjiang is more chaotic, but from the actual paction price, it is still strong.

The price of the lint market remained stable and the atmosphere was poor.

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< p > before the festival, Zheng cotton rebounded sharply and began to close the paction. The volume was smaller. < a href= "//www.sjfzxm.com/news/index_s.asp" > the cotton market < /a > is still groping for details of the purchase and storage. According to the current policy, the paction logic is biased towards the empty more than 1401 1405 arbitrage strategy. Although the spread is widening, it just gives enough admission space to maintain the strategy without changing the logical basis of the paction.

It is suggested that investors can intervene in empty more than 1401 1405 arbitrage at present price, and the reference price range of CF1405 is 18600-18900.

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