Introduction Of Cotton Market In September 18, 2012

In September 18th, Zheng cotton main contract closed at 19810 yuan / ton at the end of the 1301 contract, up 230 yuan / ton compared with the closing price of the previous trading day, and its position increased by 25414 to 247378 hands compared with the previous trading day.

On the outside side, because speculators bought cotton futures, they thought cotton rose less than other raw materials in the months before the Federal Reserve's economic stimulus policy, and the US cotton got rid of the general decline of commodities. In December, the contract rose 0.69 to 76.02 points, and the overnight international Cotlook-A index rose 1.85 to 84.9 cents / pound.

Spot, cotton (19760, -5.00, -0.03%) spot continued to rebound slightly, last night cotton spot 328 spot cotton quotes rose 2 yuan to 18639 yuan / ton; 527 spot cotton quotes rose 5 yuan to 16335 yuan / ton; 229 spot cotton quotations rose 2 yuan to 19582 yuan / ton.

Downstream market, last weekend, Jiangsu Shengze all cotton yarn Market C32S knitting price quoted 26100 yuan / ton.

According to the Agricultural Research Center's survey of 16 main production provinces in August, the national planting area decreased by 6.6%, of which the the Yellow River basin and the Yangtze River Basin decreased by 9.7% and 13.1% respectively, while the inland area in the northwest increased by 3.37%.

At present, the production situation is good. Seed cotton production is estimated at 265 kg / mu, 93 kg of lint cotton and 6 million 570 thousand tons of total output.

According to the relevant departments' decision, the 2012 national cotton reserve Trading ended in September 29, 2012.

In September 18th, we planned to close and store 50000 tons. The actual turnover was 9240 tons, with a turnover ratio of 18.5%, an increase of 6480 tons compared with the previous day.

Among them, the Xinjiang warehouse point plan to close and store 20000 tons, actually clinch a deal of 8520 tons, with a turnover rate of 42.6%, and the inland Treasury plan to store and store 30000 tons, with a turnover of 720 tons, with a turnover rate of 2.4%.

As of today's 2011, cotton temporary storage and storage totaled 14920 tons, with a total turnover of 10720 tons in Xinjiang and a total turnover of 4200 tons in the mainland.

international

In September 18th, the CRB index dropped nearly 1% after the previous day's fall, while ICE cotton became one of the few rising varieties in the commodity market.

It is rumoured that China has signed a large number of US cotton orders, but there is no apparent improvement in spot demand at the moment.

In the past half a month, India has seen 14 rains, and the rainfall has exceeded the same period in previous years.

However, last week's rainfall did not cover the main cotton area.

India cotton spot prices continued to fall, the biggest decline still reached 500 rupees.

In the eastern part of the United States, more than half of the new cotton has already been released. The local precipitation weather will affect the quality and harvest progress of early sowing cotton.

China will not be released again by the end of this year.

Therefore, it will be very difficult for foreign cotton to enter the Chinese market.

From the perspective of technical graphics, the December contract settlement price will return to the 20 day moving average, and the trend will be oscillating in the future.