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Rida Futures: 24000 Support Gradually &Nbsp; Zhengmian Rebound

2010/11/25 10:18:00 44

Disk trend: 24, zhengmian 1105 contract opened at 24930 yuan / ton.

Closing quotation

At 25225 yuan / ton, compared with the previous trading day, it rose 1225 yuan / ton, or 4.53%, and the turnover increased to 1 million 385 thousand and 100, and the position decreased by 9584 to 205 thousand and 300.

Message side:

1 and October 2010, China

Cotton cloth in

The mouth was 73 million meters, a decrease of 9.05% compared to the same period, a decrease of 10.43% over the same period.

In the same month, the export volume of cotton cloth in China was 679 million meters, a decrease of 4.13% compared to the same period, an increase of 18.21% over the same period.

In October 2010, China imported 80 thousand and 500 tons of cotton yarn, a decrease of 8.19% compared with the same period last year.

In the same month, exports of 32 thousand and 200 tons, an increase of 5.8%, an increase of 18.11% over the same period.

2, Rita Menon, Secretary of India textile department, said that the Ministry of textiles will not change the export limit of 935 thousand tons of cotton this year.

At present, the Ministry of textiles does not plan to reassess cotton export restrictions, meon said.

India Cotton Advisory Committee predicts that India's cotton output will be 5 million 525 thousand tons this year.

India textile industry needs to consume 39.1-40.8 million tons of cotton per month, and there are few surplus cotton at present.

3 and November 23rd, although ICE futures continued to decline, the price of imported cotton in China's main port was still relatively low, although West Africa cotton, Central Asia cotton and Brazil cotton fell 4-7 cents while cotton fell only 2.4 cents, while Egypt's long staple cotton rose 5-15 cents.

On the spot:

Cotton index

328 the price was 27288 yuan / ton, down 593 yuan / ton compared with the previous trading day.

Warehouse Receipt Inventory: 45 registered exchange receipts, 1 fewer than the previous trading day, and 73 valid forecasts.

(each corresponds to 40 tons of cotton).

Main production area weather: affected by strong cold air, in the next two days, there will be obvious gale and cool weather in most parts of central and eastern China.

The temperature in the eastern part of Northwest China, North China, Northeast China, Huang Huai and other places reached 4~10 degrees Celsius, and the temperature drop in some parts of central and eastern parts of Inner Mongolia and the central part of Northeast China could reach above 10 degrees Celsius.

In the next three days, there will be small to moderate snow (rain) or sleet in the northern and western mountains of Xinjiang and the north and central parts of Northeast China.

Conclusion: the central bank once again raised the reserves, the State Council promulgated 16 measures to stabilize prices, the adjustment of pressure on the cotton market by policy adjustment, and the decline in spot prices. Zheng cotton 1105 contracts recovered slightly, and the period price stabilized at the 24000 line. The upward pressure on 5 days was expected to show a trend of concussion and upward trend. On the operation, the low position was appropriate and short, and the pressure on the 5 day line was concerned.