Report the:

1, March 17, ICE cotton futures from business and trade spurred buying boost.

2, the Japanese nuclear power station in more radiation to exceed bid, surrounding UN predictions of radiological cloud arrived in the United States today.

3, 16, the Pakistani government announced that domestic cotton business will henceforth be amalgameted levy 17%, implement. In cotton and cotton textile export tax refund after. This news to ease after already relatively nervous funds for textile enterprise is further slowing, textile purchasing.

4, according to the Washington March 17, 2007, the United States department of agriculture (USDA) Thursday the latest cotton export sales reports show that by the end of March 10, 11, 2010 - a new U.S. sales net reduce annual cotton 55,300 bag; 2011-12 annual cotton 231,600 bag. Net sales

Market review:

International:

According to the New York March 17 news on Thursday, ICE cotton futures in charge for commercial and restriction, harden trade buying boost market once a day three weeks touch low to bounce back. As the weekend approaching, traders said market experts may continue to note Japan nuclear crisis. ICE may period cotton contract touch harden limit 7 cents per pound to 10,305.77, 1.9212 dollars, days for $1.85 low. March 16, investment open position quantity reaction for 173,403 total hand and remains close to level since the end of July last year.

Domestic spot:

Yet because the Japanese market panic crisis attracted, electronic dish rebound because investors buy every spot actual sales, low poor still existed, so cotton business for the expected value weakens. Spot actual transaction is very delicate, the purchase price is subsequently seed cotton seed cotton price cut, but to accept, cotton enterprises for avoiding the risk, had to stop accept wait-and-see, market await adjustments. Today China cotton price point to (CCIndex328) 30818 yuan/ton, fall 177 yuan, 527 level cotton to factory all valence 27758 yuan/ton, fall 249 yuan. Yarn KC32S quote up 39000 yuan/ton, rise 500; JC40S quote 46500 yuan/ton.

Electronic set:

On March 17th, the national cotton trading market ShangPinMian electronic business 22200 tons, paired with a trading day of 5,300 tons, compared to increase quantity reduce cumulative 2300 tons of quantity 107820 tons for. Set up on high open concussion, pan been close to 30,000 yuan, eventually because of poor market confidence, dish tail slipped a bit, 29700-29800 remain in closing quotation price, up $700 - $900; Main MA1105 contract closed at $781 29650 yuan, rose; In recent months 29500 MA1103 contract closed at $375 yuan, rose; Clinch a deal that day has a great decrease, how xok continue.

The domestic futures:

March 17, Newcastle on Wednesday, influence charge fall period of today CF1109 contract small cotton zheng, low open after adjusting short early plate for support in return for next picks up, before noon liquidated in bull under pressure adjustment, QiJia afternoon bull buying again push back concussion, end dish in the liquidated dish suppressed by date line low recedes, kaiyang speedway line, days formed volume to increase greatly reduced. Open amount, CF1109 contract, 2249608 hand, clinch a deal on hand, 26364 decrease a storehouse 359768 hands open amount grids; CF1111 contract, 13420 hand, clinch a deal on hand, reducing warehouse 1762 grids 34806 hand open amount.

Operation Suggestions:

Although at present the whole disk earthquake and nuclear power plant by Japan, but cannot change affect the pattern of domestic resources, inside and outside MianJia tension poor expand to 7,000 yuan/ton, in international resources stock Co., LTD, under the control of domestic textile and the downstream was forced to accept the upstream resources price this year, and may be more difficult to really be offset indentation between demand and supply, hind city certainly will choose domestic cotton resources, the downstream enterprises MianJia passive acceptance high cost more likely to maintain production is still rising, MianJia space.

Midline trend: midline trend bullish

Days strategy: short-term concussion uplink; More on 29400 do break, above pressure 29900; 28900 next break 28600 see empty, below support.

Source "Chinese textile nets"

Edit: lara