Xinjiang cotton increased rapidly in the Mainland

In order to promote sales and the owner of the package factory to go home for the New Year, the number of Xinjiang cotton moved to the Mainland has increased rapidly. Since the freight is relatively cheap, the library is mainly based on railways. The Spring Festival holiday approaching, this year may be longer, insufficient funds, the market outlook is not good, the tide before the completion of the library did not appear, buying and selling light is still the same. Spot downturn, ** involvement, internal and external ** fell and the long-term decline was even greater. Cotton prices and yarn prices continued to fall. Last Friday (January 8th), the National Cotton Price B Index stood at 12,787 yuan/ton, down 59 yuan/ton on the week, compared with the Zheng Cotton ** CF1601 contract, the spot premium was 937 yuan/ton, and the week's contraction was 39 yuan/ton.

US trading: Significantly lower than the previous year's level and the average level of the last five years, the US cotton contracting progress is significantly lower, the sales pressure is obvious, the pressure on the disk continues to fall, the main March contract closed at 61.4 cents / lb on Thursday, 188 points weekly, trading volume . Australian cotton under the pressure of sales, and gradually reduce the premium with the US cotton, the United States, Australia narrowed the difference, to the US cotton has increased pressure, late, the United States cotton sales pressure is not reduced, in order to complete the export progress, only the price, in Under the pressure of the spot market, the US disk has a hard time to perform. This week there was an oversold bounce. The general trend is still dominated by weak shocks.

**aspect. Affected by the sluggish spot transaction and the price drop, Zheng Cotton oscillated down and the far month contract reached a new low. The main force CF1605 closed at 11,315 yuan/ton on Friday, and fell 85 yuan/ton on the week. Last Monday it set a new low of 11,125 yuan/ton, with 806,542 contracts, an increase of 171,528 lots, an increase of 27%, and holding 348,586 lots, an increase of 18,210 lots. The growth rate was 5.5%. Both transactions and positions increased. The price hit a new low, and the long and short differences were increased. Both had Masukura.

The far-month contract CF1609 closed at 11090 yuan/ton last Friday and fell 205 yuan/ton on week, with 311,378 lots, an increase of 135,620 lots, an increase of 77.2%, and an increase of 23,960 lots, an increase of 11.4%. At a new low of RMB 10,990/ton, the recent market talked about the increase in dumping and storage. The market is concerned about the reserve cotton turn-out and September contract pressure is even greater. CF1601 closed at 11,850 yuan / ton last Friday, down 20 yuan / ton, turnover of 28,018 hands, reduced 5,104 hands, a decrease of 15.3%, holding 34,238 hands, reducing 24,998 hands, a decrease of 42.2%.

CF1601 stopped trading on the afternoon of the 15th and there were 4.5 trading days. According to the 8th warehouse receipt calculation, there were 10,000 shorts or so of empty order need to be closed, and scattered funds were carefully involved. As of the close of January 8th, the first 20 positions were held, with more than 207,766 lots. Compared with the previous week, it increased 15,426 lots and held an empty order of 224,284 lots, an increase of 5,004 hands compared to the previous week, and a clearance of 1093 lots, a decrease of 10,421 lots compared to the previous week. After the decline, the air forces began to weaken.

Buy 25,837 hands to keep the position, reduce 6,163 hands, and then close the position after buying some hedging losses, selling 45,917 sets of warrants, which is 70,55 lower than the previous week. Some of the rolling shorts will be closed after profit, waiting for a rebound and then shorting. As of January 8, the number of registered warrants was 835, a weekly increase of 218, an effective forecast of 814, a decrease of 196 weeks, a decrease in warehouse receipts registration for 4 consecutive weeks, and more discounted water, which was the main reason for the decrease in warehouse receipts registration.