ICE Cotton Futures Are Rising And Falling. Cotton Regulation Is Imperative.

Summary of the report:

1, December 8th

2. It is estimated that US cotton export sales will reach 30-40 million packages, and last week the data will be 636 thousand and 900 packages.

3, by the year December 6, 2010, there were 1374 cotton processing enterprises in the whole year of 2010 cotton processing cotton according to the requirements of the cotton quality inspection system reform plan and the notarization test. The inspection volume reached 7080633 packages and 1606235 tons.

4, India will decide whether to give cotton next Monday.

5. In 2011, cotton cultivation in the United States was estimated to be 12 million 200 thousand acres, a four year high, which is 12% higher than that of 2010 cotton planting area of 10 million 909 thousand acres.

Market Overview:

International:

According to the news of New York on December 8th, cotton futures on the Intercontinental Exchange (ICE) were mixed on Wednesday, and market participants were preparing for the US Department of agriculture's monthly demand and supply report on Friday.

ICE cotton contract in March rose 1.58 cents, 1.3195 U.S. dollars per pound, the intraday trading range of 1.2642-1.3372 U.S. dollars.

Other contracts fell by 2.60 cents to 0.89 cents.

On Wednesday, the total turnover was about 24762 hands, compared with an average of about 35335 on the 30 day and nearly 33% lower.

The market is waiting for Thursday.

USDA announces weekly

Domestic stock:

The price in the spot market is strong, and the psychological selling price of the three grade cotton and cotton enterprises is 27000 yuan / ton, and most of the cotton merchants offer up the price from the original 26500 yuan / ton to 26800-27000 yuan / ton.

Textile enterprises purchase actively, and the market turnover is active.

Processing enterprises to buy seed cotton positive, Shandong seed cotton quotes rose faster, the highest reported to 6.2 yuan / Jin, but cotton farmers are still reluctant to sell, acquisition difficult to volume.

8, China's cotton price index (CC Index 328) 26756 tons, up 117429 cotton to plant average price 26071 yuan / ton, up 103.

Domestic futures:

In December 8th, the New York Stock Exchange fell on Tuesday, which affected the CF1109 contract of the Zheng cotton company and opened up early in the short selling market. In the afternoon, the bull market closed down, and the price of the oppression period accelerated downward. At the end of the day, the end of the day was weakened, and the daily line formed a low opening line.

The CF1105 contract concluded 111312 hands on the day, 722 on the day, and 93224 at the end of the contract. The CF1109 contract day was 1518082 hands, the second hand was 8764, and the final position was 247032 hands.

Operation suggestion:

As market expectations for policy regulation were strengthened, cotton prices jumped to 27300 after yesterday's diving. At present, the domestic regulatory atmosphere is the main factor, and the cotton price in the late stage will be 24500-27500 wide.

On the operation, the market waits for the 10 USDA data to be released.

The militants are allowed to enter the field.