Domestic trend: Zheng cotton contract on the 30th 1405 small go, opened at 18,525 yuan / ton, closing at 18,570 yuan / ton, up 40 yuan / ton over the previous day, no significant changes in trading volume, positions increased 1144 to 49932 hand. Outer plate movements: IntercontinentalExchange (ICE) cotton fell on its eighth day of trading on Tuesday with a nine-month low and recorded the longest decline in May as pressure on the cotton futures hit the harvest and led to further sell-off. Most-active ICE-December cotton settled 0.31 cent, or nearly 0.4%, lower at 78.34 cents a pound. Message: 1, the 2012/2013 national cumulative inspection of 720.4 million tons of cotton, of which 4,471,000 tons of Xinjiang Public Security, accounting for 62.1% market share; the mainland public inspection 2.73 million tons, accounting for only 37.9% share. 2, according to the provincial Cotton Association monitoring points statistics, the average purchase price of seed cotton 4.2 yuan / kg, the acquisition of the market can be used to describe the tepid, many companies can not volume acquisitions, acquisition volume, processing volume over the previous year Different rates of decline. As of the end of October, the province's cotton harvest averaged about 62%, 47% sales progress, the sale of stable. Spot: Cotton Index 3128B price of 19,663 yuan / ton, up 1 yuan / ton from the previous day. Point of view: Due to the expected bumper cotton harvest, the domestic supply pressure is not reduced, while the import volume of cotton yarn is further squeezed out the domestic cotton market demand. Technically, Zheng cotton contract 1405 to maintain the adjustment trend, KDJ indicators to maintain the operation in a very empty area, concerned about the 30-day moving average suppression. Operation, short-term rallies to short-term May contract.
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