Disk: The United States Cotton Strong Drive &Nbsp; Zheng Cotton Continued To Rush.

Disk trend: Today Zheng cotton 1109 the contract opened at 28800 yuan / ton, closing at 28995 yuan / ton, up 585 yuan / ton compared with the previous trading day, or 2.06%, and the turnover dropped to 1 million 267 thousand and 400 hands, and the position increased 6106 hands to 245 thousand and 900 hands.

News: 1, the state owned Cotton Corp of India said that the domestic cotton arrival volume in the spot market of India 2010/11 market has increased by 1.9% compared with the same period last year, due to increased production and accelerated harvesting after the weather turned dry. The company said Monday that the volume of cotton arrived at 10 million 190 thousand bales (170 kg / pack) as of December 19th, compared to 10 million last year. Industry and government officials have indicated that India could produce more than 32 million 500 thousand bales of cotton in 2010/11, more than 29 million 500 thousand last year.

2, according to the statistics released by the National Bureau of statistics, the 200 main production counties in from December 1st to 10th were mainly Agriculture products (19.14,0.00,0.00%) price changes show that the price of seed cotton has gone down in the early December, when the price was 10.14 yuan / kg, which was 0.86 yuan lower than in late November, or 7.84%.

In 3 and December 20th, the price of imported cotton was generally higher in China. Besides the stable price of cotton and Brazil cotton, the price of other main varieties increased by 2-4 cents. After a continuous rise, the current level of SM cotton prices generally stands at 30 thousand, and the price of both inside and outside is obviously upside down and the expiration of the import quota has caused the demand to shrink greatly. Outer cotton The supply (Port spot and forward shipment) is somewhat "behind the scenes", and the spot market shows "no price, no market".

Spot side: cotton index 328 price is 27324 yuan / ton, compared with the previous trading day rose 55 yuan / ton. {page_break}

Warehouse Receipt Inventory: the registered warehouse receipt is 102, which is flat compared with the previous trading day, with an effective forecast of 164. (each corresponds to 40 tons of cotton).

Main production area weather: in the next three days, there will be small to moderate snow or snow in the northern part of Xinjiang, the north central part of Northeast China, the Middle East of Inner Mongolia, and the eastern part of Tibet. Among them, there are heavy snow or heavy snow in the northwest of Xinjiang and along the Tianshan Mountains and northeast of Heilongjiang. On the 23 day, there will be precipitation in the southeastern part of the northwest, the southwest, the central and western parts of the Yangtze and Huaihe River, the central and northern parts of the South and the west of the Yangtze River.

Conclusion: supply shortage is expected to push ahead. The 150 cents mark on the US cotton station has set a new record. Domestic policy regulation has put pressure on Zheng cotton price, and cotton has continued to create new highs to promote Zheng cotton and increase; spot prices continue to rise slightly. Zheng cotton 1109 contract high open high walk, the period price stabilizes 28000 above, short-term will test the 30000 pass strong pressure, continues the shock upward trend. On the operation, short and multi transactions are the main ones.