Riddels ** Daily Comment: Zhengmian oscillates down and tests 21200 support

Disk trend: today Zheng cotton 1209 contract opened at 21,345 yuan / ton, closing at 21,275 yuan / ton, compared with the previous trading day fell 40 yuan / ton, a decrease of 0.19%; volume increased to 101,200 hands, positions increased by 1,036 hands To 347.2 thousand hands.

On the 26th and 26th, it planned to collect and store 80,400 tons of crude oil, with an actual turnover of 26,390 tons and a transaction ratio of 33%. An increase of 3,660 tons from the previous day. Among them, the Xinjiang stockpile plan to store 28,000 tons, the actual turnover of 11360 tons, the turnover rate of 41%; Mainland reserves plan to store 52,400 tons, the actual turnover of 15030 tons, the turnover rate of 29%; as of the 26th 2011, the cumulative purchase of cotton temporary transactions 3044040 tons, a total of 1,677,600 tons in Xinjiang, the cumulative turnover of 13,664,40 tons in the Mainland.

2. The Cotton Association of China Cotton Association and the Xinjiang Huatai Cotton Cooperative conducted a second 2012 cotton planting intention survey for 2676 cotton farmers in 12 provinces in the Mainland and 310 counties (cities and groups) in the Xinjiang Autonomous Region. The weighted average intention of the cotton planters surveyed by the cotton farmers surveyed showed that the average planting intention of the cotton farmers in the country was reduced by 16.7%, and the reduction was 6 percentage points higher than the previous survey.

On the 3rd and 26th, the quoted price of imported cotton in China's main port changed little, with only slight rises and falls in all varieties, with slight increase in Central Asia and West Africa. In the past week, domestic enterprises have remained highly concerned about cotton, but most of the imports are large-scale trading companies. There are not many purchases by cotton companies, and many require immediate shipments to Hong Kong. The actual demand is still dull. US cotton contracts Although shipping conditions are not bad, I am afraid that most cotton companies will ship to Hong Kong instead of actual sales.

In terms of spot, the price of the cotton index 328 was 19,517 yuan/ton, which was a decrease of 5 yuan from the previous trading day.

Warehouse inventory: The number of registered warehouses in the Exchange was 1971, a decrease of 21 from the previous day, and an effective forecast of 1402. (Each piece corresponds to 40 tons of cotton).

Summary of views: ICE cotton futures closed higher, driven by technical speculative buying and suspected consumer buying. The volume of domestic cotton storage and storage rebounded to about 26,400 tons. As of the 26th, the accumulated transaction volume of cotton in 2011 was 3.044 million tons. The spot price was slightly lowered, and a large number of imported cotton arrived in Hong Kong. Spot transactions continued to be stagnant, and cotton textile companies were cautious in buying cotton. Zheng cotton 1209 contract shocks down, the price of 21200 first-line test again, continuing the trend of weak shocks. Operation, the main short-term trading.

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