People Say ICE Cotton: Cotton City Good To Promote Cotton Independent Peripheral And Limit

Independent peripheral 4 cents limit

Overnight, most of the international market was in a high level of consolidation or slight decline. ICE cotton strengthened independently, and the contract closed at 135.95 cents in March, trading at 4 cents.

International market news, last night, the US government released the first application for unemployment benefits report, last week, the number of people fell by more than the market expectations, the four week mobile Average hit a new low for two years, this report has brought some hope to market participants, the American labor force.

Zheng cotton yesterday oscillated down, the downward test of the 26000 yuan integer pass, the reduction of positions, mainly due to the recent frequent entry and exit of the new lake futures, Guotai Junan lighten up more than one single, the underlying spot stabilized, textile enterprises inquiry increased, and the market deviated from the market, comprehensive external market, fundamentals and other factors, cotton prices fall conditions do not have enough, pay attention to whether China will increase interest rates and other uncertain policies on weekends.

Operation 2.6-2.8 million Interval Oscillation continued, a substantial decline can continue to intervene more.

(pioneering futures Dong Shuangwei)

The US cotton signed 87 thousand and 100 tons and shipped 73 thousand and 400 tons, higher than the market expectation. Meanwhile, the market speculation that India's exports may be lower than the expected 5 million 500 thousand packages, and the good fundamentals again stimulated speculative buying. On Thursday, ICE cotton rose sharply to a stop plate after the USDA weekly report was released, and it gained 4 cents to 135.95 cents / pound in March.

On Friday, USDA will announce the monthly supply and demand report. The market is concerned about the output of China, India and Pakistan. The expected data are expected to be favorable, and the ICE cotton growth trend is expected to continue.

Technically, the ICE cotton is getting rid of the recent small cap area and continues to rise. The cotton price has stabilized on the short-term average. The short-term average has been turned upwards. Meanwhile, the KD and MACD indexes continue to rise in a long way. The red flag of the MACD index has begun to grow, and the popularity of the market has increased, and the rally is expected to continue. On the basis of good fundamentals, the March contract is expected to challenge the historical high of 151.95 cents.

It is expected that the domestic cotton is expected to rise to 27000 yuan / ton under the support of the sharp rise in the US cotton market.

In the short term, the domestic cotton price has been higher than the spot cotton price in the short term, and in the case of partial export defaults in India, textile enterprises often pfer to the domestic cotton market. Although the weakness of the downstream cotton yarn may restrict the rise of Zhengzhou cotton, we expect that Zhengzhou cotton will run around the spot cotton price in the future. The 26000-28000 yuan / ton will be a short run interval, with a support of 26200 yuan / ton, which can increase the number of 1109 contracts.

(Wanda futures Urumqi Sales Department Du Ying)

Outside strong inside weak, Zheng cotton futures passive rise

ICE cotton futures rose sharply on Thursday. The most active March contract rose 400 points to close at 1.3595 U.S. dollars. The price rise is still hyping the expected supply of tight and profitable cotton sales.

The US Department of agriculture weekly export sales report showed that the United States exported 436600 cotton bags last week, and the market forecast was 300000 to 400000 packages, the actual sales were much higher than the market expectations. In addition, in order to meet the domestic cotton supply and adjust its domestic cotton prices, the export volume of cotton in India is likely to be lower than the market forecast, and the supply of cotton in the market is shrinking. ICE cotton futures are still showing a trend of continuous rebound. The market will pay attention to the monthly supply and demand report of the US cotton agriculture department which will be released on Friday.

The trend of domestic cotton is far weaker than that of ICE cotton futures. Under the rise of ICE cotton, Zheng cotton futures recently used to show up at high and low prices, which is related to domestic policies and downstream buying and selling situation.

Policy: the state is still monitoring the price closely, showing a high pressure trend. The economic data will be released on Saturday, and the rate of interest increase is expected to be stronger, which makes the domestic futures varieties, including cotton, weaker than the outer market; the downstream aspect of cotton, the sales situation of cloth and yarn has changed after the fall of cotton height, the textile and garment export season has passed, the yarn stocks of textile enterprises have increased, and the current demand for cotton has been suppressed. This is the reason why the cotton futures and spot prices are not as good as cotton.

(Haitong futures Zhengzhou Sales Department: Zhang Jianwei)