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Textile Enterprises Before The Warehouse Shortage, Zheng Cotton Shock Ahead

2011/1/5 15:10:00 55

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Textile Enterprises Zhengmian

Summary of the report:

1 and 2011 cotton import quota totaled 2 million 600 thousand tons.

It includes 894 thousand tons of customs duties and 1 million 706 thousand tons of quasi tax quotas.

2, ICE

Stage cotton

Stop rising.

3, as of January 3rd, ICE can deliver 2 cotton futures contracts to 113604 packs, with 113486 packages on the previous day.

4, the latest data from the China Foreign Exchange Trading Center show that in December 31st, the central parity of RMB against the US dollar was 6.6227, rising for ninth consecutive trading days, rewriting the new record that has just hit the previous trading day.

Market summary:

International:

In January 4th, commodities such as gold and crude oil fell sharply and were affected.

ICE cotton

Soon after the opening of flower futures, it fell below 140 cents. However, under the impetus of speculative buying, the March contract was stubbornly rebounded.

The fundamentals of the cotton market remain firm. If the cotton price stabilizes in 140 of the region, the market will regain its upward trend.

Domestic stock:

New year's holiday has passed, domestic cotton

Spot market

It is still weak. According to the feedback from the information staff, the running rate of the cotton mill is low. On the one hand, the market is not good. On the other hand, the acquisition of some cotton areas is still not ideal.

The quotation of the yarn market is stable under the support of Dachang, but sales are also light. Many enterprises have difficulty in changing the situation before the Spring Festival. According to the feedback from the information staff, the situation of the small and medium-sized textile mills has been further deepened.

Some ginning plants began to want to sell cotton, but there were few purchases in textile mills. So the most important thing for enterprises is to give the market a wave of rising prices after the Spring Festival.

Today, China's cotton price refers to (CCIndex328) 27516 yuan / ton, up 8 yuan, 527 cotton to plant average price 25548 yuan / ton, up 9 yuan.

Domestic futures:

In January 4th, the New York Stock Exchange fell on Monday. Today, Zheng cotton's CF1109 contract opened slightly lower, and the lower position was later put up in the early market. Then it was pushed up by the short repurchase and the long buying. After the afternoon, the day was high and then fell, and the Japanese line formed a low open star line.

The CF1105 contract concluded 18396 hands on the day, 1700 on the day, and 52144 at the end of the contract. The CF1109 contract day was 728444 hands, the second hand was 3976, and the final position was 227588 hands.

Operation suggestion:

Yesterday, a large textile enterprise raised the purchase price of high-grade lint for more than 1000 yuan, which might have a bearing on the price of lint and should be valued.

Textile enterprises will have more willingness to replenishment, and investors should be advised to do more before the Spring Festival.

Operation, the domestic maintain shock wave band operation mentality train of thought.