Ruida Futures: Zheng Cotton Fell Slightly (4.12)

< p > domestic trend: 12 days < a href= "//www.sjfzxm.com/news/index_c.asp" > ZHENG Mian < /a > 1309 contracts fell slightly, and received a small Yin K line. The opening price was 20285 yuan / ton, closing at 20260 yuan / ton, down 100 yuan / ton compared with the previous trading day, the highest price was 20370 yuan / ton, and the lowest price was 20255 yuan / ton. Volume decreased significantly, and positions decreased by 3866 to 122318 hands. < /p >
< p > external trend: < a href= "//www.sjfzxm.com" > cotton futures < /a > fell on Thursday. Due to weak technical selling and export data, global supply is expected to overtake the recent impact of speculators driving cotton prices up. The most active July contract of the ICE was 0.74 cents or 0.8%, or 86.74 cents a pound. The index fund nearly contracts for the month of July, and the December contract puts pressure on cotton prices and the volume of transactions. < /p >
< p > message: < /p >
The latest report on long staple cotton released by P (1) and the International Cotton Advisory Committee (ICAC) shows that the output of global long staple cotton in the year of 2012/13 is 453 thousand tons, 21 thousand tons lower than that in November 2012, China's output of 63 thousand tons, 25 thousand tons reduction, 105 thousand tons of Egyptian output, 11 thousand tons reduction, 58 thousand tons of India production, 6000 tons reduction, 165 thousand tons of us output, and an increase of 22 thousand tons. < /p >
< p > 2, the cotton spot market in Shaanxi is very light. The remaining cotton in the cotton processing plant is very small. The cotton produced by the enterprise can store and store all the storage, and the rest is cotton that is too big, mixed grade and poor quality. < a target= "_blank" href= "http:// www.sjfzxm.com/" > textile < /a > enterprises seldom ask. At present, cotton mainly depends on cotton reserves. < /p >
< p > spot: cotton index 328 price is 19387 yuan / ton, up 1 yuan / ton compared with the previous trading day. < /p >
< p > point of view: < /p >
< p > sowing area is lower than expected a href= "//www.sjfzxm.com/news/" > cotton price < /a >, but the current high storage still restricts prices, and tends to be sticky. Technically, the Zheng cotton 1309 contract has maintained a slight oscillation in the high side, and the turnover and position have shrunk, suggesting that the market is in a wait-and-see situation and is concerned about the breakthroughs in the short range of 20450 to 20200 yuan / ton. On the operation, buy short lines and buy more. < /p >