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Ruida Futures: Spot Accelerated Up &Nbsp; Zhengmian Strong Finishing

2010/11/10 14:28:00 31

Disk surface

The trend: today, Zheng cotton 1105 contract opened at 33080 yuan / ton, closing at 33005 yuan / ton, up 425 yuan / ton compared with the previous trading day, or 1.3%, the volume expanded to 1 million 694 thousand and 100 hands, 1105 contracts increased 5022 hands to 293 thousand hands.

Message side:

1, 8, the seven departments of the NDRC and other emergency departments issued urgent notices, requiring the relevant departments of the cotton producing areas to further strengthen the market and

quality

Supervision and supervision should be strengthened to check the situation of idle rent factories or entrusting the acquisition and processing of cotton, and seriously investigate and punish illegal activities that disrupt market order and fail to fulfill quality obligations, and strictly investigate and deal with spreading price information, malicious hoarding, and bidding up prices.

2, the US Department of agriculture (USDA) reported in the weekly crop growth report that cotton harvest rate was 71% in the week ending November 7th, 61% in the previous week, 41% in the same period last year, and 53% in five years.

3 and November 8th, China's main quotas for imported cotton continued to rise.

Long-staple cotton

Apart from the price unchanged, the upland cotton varieties generally rose 2-3 cents.

On the whole, the forward quotation of cotton has risen to more than 170 cents, and the price of sliding tax is about 29000 yuan, but there is still a small price advantage compared with the same level of national cotton.

Spot side: cotton index 328 price is 29886 yuan / ton, compared with the previous trading day rose 995 yuan / ton.

Warehouse Receipt Inventory: the registered warehouse receipt is 1 sheets, with an effective forecast of 62.

(each corresponds to 40 tons of cotton).

Main production area weather: in the next three days, there will be a new cold air coming from west to East, which will affect most parts of China. Affected by the influence, Xinjiang, the north, northwest part, North China, northeast, Inner Mongolia, Huang Huai, Jianghuai and other places will be cooled at 3~6 degrees, and the local temperature will reach 8~10 degrees Celsius.

The central part of Gansu, the northern part of North China, the eastern part of Inner Mongolia and the northeast part of China have small to moderate snow or sleet.

Summary of the view: China's strong demand and traders buying support, the United States cotton closed at the limit, the short line touched the 150 cents mark; domestic cotton market to maintain the tight supply and demand pattern, cotton enterprises to buy positive, seed cotton prices continue to climb, the spot market showed an accelerating trend, the strong pattern did not change; the seven departments of the NDRC and other seven departments demanded strict investigation and promotion of cotton price behavior, and policy regulation made a certain pressure on the market. Zheng cotton 1105 contract shock rose, the price around the 33000 line strong consolidation, continue to rush upward trend.