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Cotton Is Far Away From The Moon.

2011/5/26 15:13:00 35

Main points

1. Price Bulletin: Domestic

lint

129 level 27661 (-12) yuan / ton; 229 level 26439 (-26) yuan / ton; 328 level 24555 (-50) yuan / ton; 428 2354 (-63) yuan / ton.

Domestic textiles: polyester staple fiber 12700 (-50) yuan / ton; viscose staple fiber 21200 (-0) yuan / ton; C32S price 32550 (-300) yuan / ton; international cotton price M index 183.69 (+0) cents / pound.

2. price structure: domestic current price difference CF1109-CNCottonB is -705 (-90) yuan / ton; inside and outside cotton price difference CCindex328-FCindexM is -5956 (-8) yuan / ton; yarn cotton price difference C32S-CottonB is 7995 (-250) yuan / ton;

Cotton polyester

The price difference is 11855 (+0) yuan / ton, and the price difference between Zheng and cotton month is 2355 (-920) yuan / ton CF1109-CF1201.

3. domestic spot: domestic cotton spot prices continue to decline, although the price decline is limited, but the cotton market trading situation and downstream textile production and sales situation is still in the doldrums, has not improved significantly compared with the previous stage.

After a sharp fall in the previous period, although the market is still in a weak position, the market has gradually begun to split up.

4. International Spot: Although the market generally thinks that the quotations from far moon are rising, and domestic

Trader

The price difference between the inside and outside prices has been very close after the downward quotation, but the demand for textile mills is particularly light. The immediate and recent sales of imported cotton have almost stopped.

Judging from the current situation, the trend of near and far rising market is expected to continue.

5. China Cotton Region: at present, the spring sowing of cotton is generally in the end. The drought in the south is unfavorable for cotton seeding and cotton seedling growth. But at present, the impact is relatively limited, and the cotton planting is at a normal level.

6. ICE Futures: in May 25th, the central and Southern cotton region of the United States once again encountered thunderstorms and precipitation, while the drought in Texas continued.

This aroused investors' enthusiasm for making more contracts in December.

Yesterday's peripheral markets also supported it.

At present, the US cotton contract in December has returned to the original support position or continues to rise.

Summary

US cotton is still weak and strong.

The former US cotton contract returned to its original support position in December, or continued to rise.

Yesterday, Zheng cotton 1201 continued to increase its volume and increased its interest rate. Its attention was significantly improved, and it broke through the high point in May 11th.

Combined with the trend of the US cotton far moon, we should keep more thinking.

Limited by domestic weak cotton spinning fundamentals, the CF1109 contract has limited space to rise, so it is advisable to keep the shock thinking.