Before The Long Holiday, The Cotton Market Will Control The Risk.

Cotton market will be dominated by long term vacation.

On the 27 day, Zheng cotton main contract ended at 19290 yuan / ton at the end of the 1301 contract, closing 80 yuan / ton compared with the previous trading day, and the position decreased by 7962 to 218412 hands compared with the previous trading day.

On the outside side, after two months of hitting cotton prices, there were technology buying and refunding shorts, the US cotton market rose on Thursday, the December contract rose 0.51 points to 71.53 points, and the overnight international Cotlook-A index rose 1.85 cents to 84.9 cents / pound.

Spot, cotton (19405,85.00,0.44%) spot continued to rebound slightly, last night cotton spot 328 spot cotton quotes rose 1 yuan to 18666 yuan / ton; 527 spot cotton quotes rose 2 yuan to 16363 yuan / ton; 229 spot cotton quotes temporarily stabilized at 19591 yuan / ton.

Downstream market, last weekend, Jiangsu Shengze all cotton yarn Market C32S knitting price quoted 26100 yuan / ton.

According to the Agricultural Research Center's survey of 16 main production provinces in August, the national planting area decreased by 6.6%, of which the the Yellow River basin and the Yangtze River Basin decreased by 9.7% and 13.1% respectively, while the inland area in the northwest increased by 3.37%.

At present, the production situation is good. Seed cotton production is estimated at 265 kg / mu, 93 kg of lint cotton and 6 million 570 thousand tons of total output.

According to the relevant departments' decision, the 2012 national cotton reserve Trading ended in September 29, 2012.

As of the 27 th, the total amount of cotton put in has been 421116.33 tons, with a cumulative turnover of 49.97%. The average grade is 3.15, the average length is 27.87, the average weighted price is 18527 yuan / ton, and the turnover price is 328 yuan / 18637 yuan / ton.

The result of closing and throwing: in September 27th, the planned storage and storage of 75400 tons, the actual turnover of 55140 tons, the paction ratio of 73.1%, an increase of 1300 tons compared with the previous day.

Among them, the Xinjiang warehouse point plan to close and store 51000 tons, actually clinch a deal of 51000 tons, and all the pactions were completed; the mainland warehouse planned to store and store 24400 tons, and the actual turnover was 4140 tons, with a turnover rate of 19.2%, a decrease of 540 tons compared with yesterday.

As of today's 2012 cotton temporary

The total turnover was 226920 tons, and the total turnover of Xinjiang was 195360 tons, with the total turnover of 31560 tons in the mainland.

Ruida futures 0928 cotton early comment

External market trend: the US cotton market rose on Thursday, ending the five day downtrend. Due to a two month low in cotton prices, there were technology buying and refunding shorts. Cotton futures rebounded at the critical 70 cents psychological barrier and reached the lowest level in August 2nd, and rebounded from the euro. The Intercontinental Exchange's cotton contract CTZ2 gained 0.51 cents in December, or 0.72%, and the settlement price was 71.53 cents per pound.

Message side:

1, the cotton association of China Cotton Association and Xinjiang Huatai Cotton Professional Cooperative: the output forecast of most mainland provinces has declined slightly compared with the previous period. The increase in Xinjiang's output has offset the decrease in the mainland. It is estimated that the total output of cotton in the whole country will be 6 million 970 thousand tons, a decrease of 4.2% compared with the same period last year, which is the same as that predicted in July.

2. Cotton Association of Dezhou: Cotton rank is not high by rain.

On the spot side: cotton index 328 price is 18666 yuan / ton, and rose 1 yuan / ton on the previous trading day.

Warehouse Receipt Inventory: 1066 registered exchange receipts, 14 fewer than the previous trading day, and 13 valid forecasts.

(each corresponds to 40 tons of cotton).

Conclusion:

Gradually listed, although there is support for storage, but the market is still weak.

Technically, the Zheng cotton 1301 contract continues to be vulnerable to adjustment, focusing on the support from the low point of 19200 to 19300 yuan / ton since August.

Operation, interval 19200 - 20 thousand yuan / ton short line high throwing low suction operation.