In August 28Th, Zheng Cotton Futures Lowered The Shock Line.

Market description

August 28th Zheng cotton The futures contract concussion closed down, the main contract closed down 30 yuan / ton to 19365 yuan / ton. Volume reduced to 80320 hands, and positions decreased by 13536 to 264474. From the ranking of the top 20 positions of Zheng cotton main, the total number of holding positions decreased by 2481 to 78156, and the total number of empty positions decreased by 3529 to 105440. The main net head was 27284 (-829). Yesterday, there were 1532 warehouse receipts (19405,40.00,0.21%) for Zheng Shang's Cotton (19405,40.00,0.21%), a decrease of 59 pieces compared with the previous trading day, with an effective forecast of 13.

In the US cotton market, tropical storm Isaac intensified into a hurricane, but it did not affect Dezhou, the largest cotton growing area in the United States. The US cotton market was depressed by profit cutting, and the US cotton main contract closed at 75.62 cents / pound, down 0.52 cents / pound compared with the previous trading day.

On the spot side, China's cotton price index rose by 16 yuan / ton to 18456 yuan / ton in August 28th compared with the previous trading day. The price of imported cotton FCindexM increased by 0.68 to 89.69 cents / pound compared with the previous trading day. The import cost was 15197 yuan / ton at the sliding price, and the imported cotton was below the domestic cotton 3259 yuan per slip.

In the downstream market, the price of KC32S yarn in the 28 downstream of August was flat 25047 yuan / ton compared with the previous trading day, and the price of JC40S was flat 30577 yuan / ton compared with the previous trading day, and the yarn market remained stable.

　　 cotton In August 28th, the price of PET staple fiber increased by 50 yuan / ton to 10770 yuan / ton compared with the previous trading day. The viscose staple fiber price was flat at 15700 yuan / ton compared with the previous trading day, and the viscose market quotation was steady, and the downstream purchasing was prudent.

　　 Related information:

According to the news, the Chinese government will soon auction 20-30 tons of national cotton reserves. It is reported that the benchmark price is 18500 yuan / ton. The US consumer confidence index in August was 60.6, the lowest in November and 66 below expected.

Summary: on Tuesday, Zheng cotton futures lowered the shock line and lowered the MACD line and KDJ index.

On the macro side, European stock markets have been lowered due to concerns about the global economic situation and the European debt crisis. The US's weak consumer confidence index lows US stocks. The US cotton market has been cut down by 0.52 cents / pound to 775.62 cents / pound.

The cotton market is showing a trend of adjustment. It is basically determined that the official documents are being drafted and will be introduced in September 3rd. The price of the four class cotton warehouse list is 18000 yuan / ton level, and the 328 grade price of Xinjiang cotton is 19600 yuan / ton. Recently, the exploratory price increase of pure cotton yarn in Shandong market has increased, the price increase is more than 200-300 yuan, and the price of 600 yuan has been raised by individual non stock manufacturers, but the actual follow-up is more difficult. The overall demand for the grey fabric market is weak, and the shipments are poor. Under the pressure of China's economic downward pressure, the periphery of the euro zone economy is low, and the demand for China's terminal textile and apparel is hardly optimistic.

Overall, Zheng cotton suffers. policy The impact of uncertainty is relatively large, terminal demand is weak and reserves are being suppressed. Operation, the early admission empty single cautious holding, attention to 19200-19300 interval support.