Cotton Prices Rose Slightly, Cotton Industry Processing Industry Started Delay

< p > yesterday, the price of CF1405 contract opened slightly in early trading, followed by a narrow fluctuation. The price rose slightly in the near noon, and the price reached 19900 yuan / ton. The late afternoon price stayed at the high level within the day, and finally closed at 19880 yuan / ton, up 125 yuan / ton, the turnover increased by 9724 to 16158 hands, and the position was reduced 394 to 66562 hands.

The contract price of 1411 yuan rose 60 yuan / ton to 16880 yuan / ton.

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< p > during the Spring Festival holiday in China, < a href= "//www.sjfzxm.com/news/list.aspx Classid=101112107105" > American cotton < /a > ICE1403 contract price first suppressed and then Yang finally ended at 86.50 cents / pound.

Mainly because of the strong signing and export of cotton in the United States, the market is worried that its export resources will continue to decrease.

In addition, the market is concerned about the upcoming US cotton planting area prediction report released next Saturday by the National Cotton Association of the United States and the upcoming January supply and demand forecast report released by the US Department of agriculture next Monday.

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< p > under the influence of weather, the acquisition of cotton enterprises in some areas has been postponed, and some processing enterprises have been postponed until after the Lantern Festival.

In addition, today's temporary dumping and storage is resumed, with a planned delivery of 40667 tons.

In the short term, market purchases weakened and market supply increased slightly.

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< p > technology, CF1405 contract price is facing 19955-20000 yuan / ton strong resistance, and continues to rely on the 20 day average line support.

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< p > < strong > cotton and cotton consolidation, waiting for USDA to announce monthly supply and demand report. Zheng cotton rose slightly below /strong < /p >

< p > December last year, ICE cotton on Monday decreased slightly, and after the first day of trading, it was consolidated. Because of the a href= "//www.sjfzxm.com/news/list.aspx Classid=101112107108" > the US Agriculture Department /a > Tuesday issued the monthly demand and supply report, the dealer cleared the position.

The most active ICE3 month cotton contract fell 0.05 cents, or 0.06%, at 80.36 cents a pound.

At present, a large number of India's cotton market is listed. China's dumping and storage will increase the global supply, and China may cancel the policy of purchasing and storage in 2014. The fundamentals remain negative. We will pay close attention to the upcoming "a href=" //www.sjfzxm.com/news/list.aspx Classid= 101112107101 "cotton supply and demand < /a" report released by the US Department of agriculture.

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"P" on Monday, Zheng cotton rose slightly, the main 1405 contract rose 55 yuan to close at 18820 yuan.

In terms of purchasing and storage, China has accumulated a total of 3 million 640 thousand tons of storage, and the market circulation and resources in line with futures delivery have been greatly reduced.

In terms of dumping and storage, judging from the recent market quotation, the dumping and storage did not bring too many negative effects to the price of the futures market, but instead provided a reference for the futures market.

In this case, the price of Zheng cotton remained relatively stable, and the price center of gravity increased slightly, which is a reasonable fluctuation.

Zheng cotton is difficult to fluctuate in the near future, mainly based on the shock adjustment market. The supporting position below is near 18500, and the upper pressure is near 19000.

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