Cotton inside and outside the small upswing cotton continue to lighten up

Today's market conditions:

Last night, the European and American capital markets were boosted by the introduction of a solution to the debt crisis in the euro area and the growth of the US holiday consumption data, and a certain amount of rebound occurred. Stock indexes and commodities rebounded. Today's domestic stock market and commodity market are affected by this, and they are mostly low and high. The futures market trend is similar to that of other commodities. The difference is that transactions are still rare and positions are still falling. At the close, Zheng cotton index rose 27 points to close at 20330, the total turnover of only 55,000 hands, the total holdings increased by 6298 to 244,000 hands, the last three consecutive positions decreased. The main 1205 rose 15 to close at 20295, turnover of 44,000 hands, holding positions by 2376 to 177,000 hands. On the side of the board, the main force transferred other types of products, and he made inexplicable transactions. The period price is narrow in amplitude and follows the flow.

Related market:

Last night, the ICE cotton futures slightly higher due to the impact of other commodities, the main March contract rose by 0.48 cents to 91.35 cents, has not yet shaken off the post low position sideways trend. Today's imported cotton price index M increased by 0.38 cents to 106.04 cents, discounted to a quasi-taxable price of 17,679, and the price difference with the domestic cotton to -1373 yuan/ton. The domestic cotton price 328B index fell by 2 to 19,052 today.

The decrease narrowed. Lining only has profits for processing and the normal market sales continue to be light. Cotton by-products, such as cottonseed, cottonseed oil, and cotton linters, have not risen yet, and business operations are struggling. On the 29th, the price of viscose dropped by 200 to 15800, and 16,000 was reportedly lost. The price of pure cotton yarns continued to fall, and the decline was significantly greater than the decrease in cotton prices. Some manufacturers continue to have strong willingness to ship. Today, the market share of various contracts rose slightly, of which MA1205 rose 50 to 19,850, and the spread of Zhengzhou cotton 1205 is -445.

Related news:

This year is the first year of the "Twelfth Five-Year Plan". National-level industrial planning is intensifying. On the 28th, the “Twelfth Five-Year Plan” concentrated on the outbreak, and the “Twelfth Five-Year Plan” for the development of service trade formulated by the Ministry of Commerce in conjunction with 33 departments for two years was officially released. The Ministry of Land and Resources officially issued the Twelfth Five-Year Plan for the Conservation and Comprehensive Utilization of Mineral Resources. The Development and Reform Commission, the Ministry of Science and Technology, and the Ministry of Industry and Information Technology have issued several plans in a row. Various industrial plans are based on "industrial structure adjustment and economic transformation" as the main line, to stimulate domestic demand, energy conservation and environmental protection, green low-carbon, strategic emerging as the main direction.

Miao Wei, Minister of the Ministry of Industry and Information Technology, pointed out that supporting small and medium-sized enterprises needs to be treated differently, focusing on supporting three types of enterprises: technology, entrepreneurial, and labor-intensive.

Near the end of the year, tight funding is expected to hit again. Although the market expects that fiscal expenditure in the last two months may be as high as 3.2 trillion yuan, the huge demand for funds at the end of the year may make fiscal spending insufficient to compensate for liquidity. Given that more and more macro data indicate that there is a risk of accelerated economic growth, monetary policy needs to be further relaxed, and the deposit reserve ratio may be lowered at any time.

On the 29th, the China**** Center launched a transaction between the Australian dollar and the Canadian dollar against the Canadian dollar in the interbank market. The current tradable currency has increased to nine.

In a report on Monday, Moody's stated that although Moody’s basic outlook is still that the euro zone will be preserved, no more general default will occur, but if EU policy makers do not take measures to stabilize the market in the short term, the euro zone countries’ Credit risk will continue to rise, which will have a very negative impact on ratings.

Technical look:

Today's Zhengmian Cotton Index closed at Xiaoyang. In terms of form, the focus of price fluctuations is slightly upward. Transaction, positions are reduced, inhibit upward. Indicators such as MACD, RSI, KDJ and other indicators indicate that the market outlook may continue to rebound. 1205 form, trend and index.

Outlook outlook:

The low rebound of other commodities and the purchase and storage of the State Reserve may promote a certain rebound in cotton prices. However, the demand is weak. Even if the cotton price rebounds, it will be difficult to become a climate. Focusing on the changes in the macroeconomic environment, focusing on changes in demand, and paying attention to the impact of purchasing and storage on cotton resources are required for the cotton-related people in the future. Operation, continue to look at the trend of cotton prices.