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The External Market Is Losing &Nbsp Continuously; The Cotton Market Is Still Improving.

2011/11/25 11:50:00 18

Outside Market Bad Cotton Market

credit

Grade

24, Fitch announced that Portugal's sovereign credit rating would be downgraded from "BBB-" to "junk" "BB+", while maintaining the outlook of rating "negative". The reason for adjustment is Portugal's debt burden and economic prospects.

Bleak


According to the latest statistics of the National Bureau of statistics, the output of cotton cloth in China was 3 billion 436 million meters in October 2011, and continued to decline.

Decrement

1.76%, a decrease of 266 million meters over the same period last year, a decrease of 7.18% and a 1.21 percentage point reduction in speed.


According to the survey conducted by the China cotton reserve management company, according to the survey conducted by the company's national cotton market monitoring system, although the rainwater in the Yangtze River Basin in the Yellow River is more than August, it has a certain negative effect on cotton growth, but the whole cotton growth in the whole country is better. In 2011, the cotton planting area of the whole country was 7941. 70 thousand mu, an increase of 8.5% over the previous year. The average yield per unit area was 95 kg per mu, an increase of 11.6%; the total output of 7 million 548 thousand tons, an increase of 21.2%, which was 3.8 percentage points lower than that predicted in August.


In November 24th, it planned to close and store 120000 tons.

The actual turnover was 45160 tons, with a turnover ratio of 38%.

Among them, the Xinjiang library plans to close and store 63000 tons, actually clinch a deal of 30160 tons, with a turnover ratio of 48%, and the inland Treasury plan to store and store 57000 tons, with a turnover of 15000 tons, with a turnover rate of 26%.

As of today's 2011, cotton temporary storage and storage totaled 820090 tons, with a total turnover of 574120 tons in Xinjiang and a total turnover of 245970 tons in the mainland.


Mei cotton: thanks to Thanksgiving yesterday, American cotton yesterday

Suspension


Zheng Mian: Zheng cotton main contract 1205 contract 20110 yuan / ton, down 55 yuan / ton, or.027%.

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Spot prices, cotton prices continued to decline.

As of November 24th, China's cotton price index (CC Index 328) closed at 19103 yuan / ton, down 15 yuan / ton compared with the previous day.

As for foreign cotton, as of November 24th, China's cotton import index (FC Index M) closed at 106.56 cents / pound, and the discount tax rate was about 17761 yuan / ton, compared with the same grade cotton price difference to 1342 yuan / ton.

The situation of textile enterprises is rather poor this year.

In the past year, the phenomenon of limiting production, stopping production and restarting of SMEs has been repeating, and basically has not ceased. However, because of the high grade of products and stable sales, large textile enterprises are basically normal in production, but profit margins are not as good as before. They have always been marginalized, guaranteed or lost.

Textile enterprises do not replenishment.

The Agricultural Development Bank strongly supported domestic cotton purchase and storage. As at the end of 10, the Agricultural Development Bank issued a total of 45 billion 800 million yuan of cotton purchase loans, an increase of 25 billion 300 million yuan, an increase of 124% compared with the same period, and support for enterprises purchasing 36 million 260 thousand cotton lint, an increase of 20 million 330 thousand, an increase of 128% over the same period.

At present, cotton

store up

The volume has reached nearly 900 thousand tons. In the current year, domestic cotton or surplus is nearly 500 thousand tons. With the continuous increase in storage and storage, the circulation of cotton in the market is decreasing, or there is certain support for cotton prices.


Overnight, due to the influence of Thanksgiving Day, some commodities have not opened, and the US dollar index has gradually rebounded. Now it is near the platform 79.60 of the previous high point. Due to the presentation of the short time window, there will be a certain degree of consolidation in the short term in this location, and the 80 integer pass will be tested.

Because of the current crisis in the European market and the watershed of the current important points, the future trend of the US dollar is complicated. First, we focus on the challenges and trends of the 80 integer position.

Zheng cotton turnover is still in the doldrums. Today, it will touch the upper track 20125 near the drop channel. There will be some competition in the morning market. MACD, there is a certain deviation in the 30 minute graphics. In the morning, especially in the morning, if there is a price of 20050 to 20100 intervals, we can consider some long positions and wait for the important window of time next Monday. We will hold more than 20160 of the afternoon's 20130 and the end of the week.

Rubber days within the short range optimistic, callback 24800 front-line defensive buying, the top 25200 will become a short-term sell-off position.

After 25000 to 25200 shocks, it is expected that the short term will continue to be tested.


 
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