Cotton Plunges Into New Shocks And Pays Attention To Bargain Buying Opportunities

< p > International Spot > /p >

< p > March 14th, < a href= "//www.sjfzxm.com/news/" > Import Cotton < /a > the price of China's main port rose sharply, most varieties rose 1.25 cents, India cotton rose 1.3 cents, and Brazil cotton rose 2.25 cents.

Judging from the market situation, although the excessive cotton prices keep the textile factories outside the gate, cotton traders have revealed that if the textile mills get the quasi tax quotas, the cotton price level is much cheaper than that of the national cotton.

In the case of AAO, which is of high quality, the general trade price is only 17537 yuan / ton according to the sliding tax. Therefore, besides the global high grade cotton tension, the market's expectation of China's issuance of quasi tax quotas will also push up the price of cotton.

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< p > International Futures > /p >

In March 14th, in the joint efforts of commercial buying and speculative buying, ICE cotton finally broke through 90 cents, and May reached its highest level in May.

In addition to the US dollar index's fall to boost the market, USDA's US cotton export data showed that textile mills' demand for cotton in the United States remained active, especially last week, when the contract volume of Pima cotton exceeded 10 thousand tons, the highest level since the current year.

After the report was released, the purchase was heavily intervened and succeeded in pushing cotton prices to a higher level.

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< p > domestic stock > /p >

< p > March 14th, < a href= "//www.sjfzxm.com" > domestic cotton < /a > (20370,65.00,0.32%) prices continue to rise, representing the 229 cotton prices in the mainland, the national cotton price A index (CNCotton).

A) was 20144 yuan / ton, up 3 yuan / ton compared with March 13th, and the national cotton price B index (CNCotton B) representing the 328 grade cotton price in the mainland was 19318 yuan / ton, up 4 yuan / ton.

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< p > domestic futures > /p >

< p > March 14th, Zheng cotton earlier fell slightly higher, then continued to oscillate above yesterday's closing price, and finally closed up slightly, trading volume decreased and holdings slightly increased.

Among them, the average price of the CF1303 contract was 19600 yuan, flat; CF1305 about the average price of 20335 yuan, rose 45 yuan; CF1309 about the average price of 20305 yuan, up 65 yuan; the total turnover of the market 167950 hands, compared with the previous trading day reduced 34672 hands, accumulative position 216554 hands, increased 2250 hands.

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< p > < a href= "//www.sjfzxm.com" > cotton information < /a > < /p >

< p > Shaanxi Dali cotton planting intention stability

On March 10-13, the Dali monitoring station in Shaanxi conducted a re investigation on the cotton planting intention of 50 cotton monitoring points in 2013.

According to the survey situation: the cotton planting area in 2013 will be flat or slight increase in 2012.

It is understood that the 50 points of contact, total cultivated land area of 429.5 mu in 2012, the actual planting area of 92 acres of cotton, accounting for 21.4% of the total arable land, the total area of arable land is 426 mu, the intention of planting 94 mu in 2013, accounting for 22% of the total cultivated land area. According to the survey data, the cotton planting area in 2013 will be basically flat or slightly increased with the actual planting area in 2012.

According to the survey, in 2013, 50 households had different planting intentions, 11 households with intent to grow, 19 households that were flat last year, and 20 households with varying degrees of intention to reduce planting area.

It is estimated that the cotton planting area in Dali County in 2013 will be basically stable at around 130 thousand mu.

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< p > the India seasonal wind and rain tends to normal this year.

According to India meteorological department monitoring, since 2013, the total rainfall in India is generally higher than the normal level.

In the latter part of the year, there will be neither excessive rainfall nor too much drought in the first half of this year.

At present, the new cotton planting in India is too early. The rainfall at the beginning of the year will not adversely affect the seeding and growth of new cotton.

The latest monitoring shows that the spring rains and the growing season monsoon in India also tend to be normal this year.

If so, cotton production in India is expected to be guaranteed this year.

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< p > [market review] < /p >

< p >, as the spot remains stable, the low cotton price will be thrown away. In September, the start of the new annual purchase and storage will boost the market, so it is not appropriate to overlook it.

Technically, futures rose sharply after the Spring Festival, and deep back callbacks. At present, they are plunged into a new shock interval and raised at the bottom, paying close attention to buying opportunities at bargain prices.

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