Recent Cotton Futures Market Trend Introduction

< p > Market Overview: ICE us a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > futures rose to a five week high on Thursday. The US Department of agriculture report showed that as of November 22nd last week, the United States sold a total of 300 thousand and 300 bales of cotton last week, of which China accounted for 28% of the US net sales, while Mexico and Turkey each bought 6.31 and 54 thousand and 900 packs respectively.

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Less than P, this is the US's net sales of more than 250 thousand bales of cotton for the fourth consecutive week.

Some senior market analysts believe that the USDA report has shown stable export demand.

ICE cotton futures trading was slack in December, rising 0.7% to 71.75 cents per pound.

The most active ICE cotton futures in March rose 1% to 73.35 cents, the highest closing price since October 23rd.

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< p > ZHENG cotton remained the main shock yesterday.

1301 the closing price of the contract rose 20 yuan to close at 19855 yuan / ton.

The main contract 1305 opened 19120, the highest 19175, the lowest 19075, closing at 19095 yuan / ton, down 40 yuan.

The volume increased to 42 thousand and 100 hands, and daily increase 222817.76 market information: USDA weekly export sales report shows that as of November 22nd, the US cotton export net sales of 300 thousand and 300 packages, of which 83 thousand and 200 were sold to China, and the US cotton export shipped 126 thousand and 900 packs, of which 67 thousand and 700 packages were shipped to China.

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< p > ICE data shows that the stock has increased to 57142 bales.

The cotton warehouse receipt of Zheng Shang has been reduced by 3, and there are only 551 left.

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< p > November 29th, the cotton storage and storage of China cotton reserve in 2012 actually clinch 39730 tons, of which 16000 tons in Xinjiang and 23730 tons in the mainland. As of November 29th, the total number of temporary storage and storage pactions was 3393950 tons.

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< p > Anhui east to the impact of rainfall acquisition, sales progress of less than 50%.

Hubei's new flower picking is basically over, and the 4 grade cotton is only a way to store.

Xinjiang cotton enterprise funds pressure rises, seed cotton purchase price confusion.

And Jiangxi Pang se cotton cotton guns and seed cotton, < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > enterprise operating rate is less than half.

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< p > Outlook: Zheng cotton has maintained a high contract in recent months, while the far month contract has fallen.

The view remains unchanged, the effect of purchasing and storing on CF1301 Tuo market is obvious, but the warehouse outflow rate slows down, or shows that the registered warehouse receipt and < a href= "//www.sjfzxm.com/news/index_q.asp" > storage < /a > profits gradually become the same. It is estimated that the upper limit of the 1301 contract 20000 will be limited.

1305 the drop in the contract is accompanied by the increase in the number of shares, but the trading is too light. The timing of the big market is not yet ripe. The trend is still uncertain.

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