Cotton Prices Run Smoothly, Zheng Cotton Trend Is Weak

< p > domestic trend: on the 12 day, Zheng cotton 1309 contract fell slightly, closed a small Yin K line, opened at 20180 yuan / ton, closed at 20100 yuan / ton, compared with the previous trading day fell 70 yuan / ton, the highest price 20210 yuan / ton, the lowest price 20020 yuan / ton.

Turnover increased slightly, and positions were reduced by 2354 to 150024 hands.

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< p > external trend: Cotton fell on Monday, which was related to profit making and producer selling in the near future. However, when it fell to the 10 day moving average, the price of a href= "//www.sjfzxm.com/news/index_c.asp" > cotton spinning < /a > was bought, and the price was supported.

The most active ICE-5 month cotton contract fell 0.16 cents, or 0.2%, at 86.72 cents a pound.

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< p > < strong > message: < /strong > /p >

< p > 1, China < a href= "//www.sjfzxm.com/news/index_f.asp" > cotton mill < /a > and traders' enquiries and purchases of cotton and bonded cotton in the far month shipping season continued to decline.

A number of large and medium-sized cotton mills have intensified their efforts to pick up cotton from the national cotton auction. The price is too high and the quota policy is uncertain, which seriously restricts the cotton demand of cotton producers.

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< p > 2, since the national dumping and storage, the turnover rate and paction price have been lingering low. This is a manifestation of the downturn in the downstream demand. It is said that the relevant departments of the state will throw some new cotton into the store, and the new cotton and Chen cotton will be sold in proportion to 3:7.

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< p > spot: cotton index 328 price is 19349 yuan / ton, up 3 yuan / ton compared with the previous trading day.

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< p > < strong > conclusion: < /strong > < /p >

< p > spot cotton prices are running smoothly, but demand is hard to get.

Technically, zhengmian 1309 contract volume can shrink under the continuous weakening, lack of substantial demand to promote, is expected to maintain the adjustment later.

Operation, investors can be short in the 19800 - 20500 yuan / ton interval high throwing low suction.

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China's cotton purchase and storage policy has pushed up domestic cotton prices or increased the import of cotton yarn in the domestic textile industry by up to 1/3 this year. < p >

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"P >" China began to carry out cotton storage in 2011, aiming to support cotton farmers, but the policy made the domestic cotton price more than 40% higher than the international level.

Traders estimate that the current size of cotton reserves is about 10 million tons.

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< p > although purchasing and storage helps to support cotton growers, it has damaged the interests of Chinese textile enterprises, reduced the supply of domestic market, and forced the textile industry to rely on imports.

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< p > traders say that Chinese textile operators are turning to neighboring countries such as India and Pakistan to purchase cotton yarn.

Cotton yarn imports will not be subject to strict quotas as cotton, and lower than domestic prices per ton of about 2000 yuan.

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< p > "these policies have forced" a href= "//www.sjfzxm.com/news/index_p.asp > > textile > /a > enterprises to import cheap cotton yarn, the price is very competitive, while the more expensive domestic cotton yarn is rejected," said Wei Linyan, an analyst at Jinqiao textile network.

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< p > "China will not destroy its textile industry and build these reserves in order to maintain full employment. Textile enterprises have realized that they can not make profits, so they turn to import cotton yarn," Professor O, an expert in Mississippi State University.

A.

Cleveland says.

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