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Mei Cotton Performs Poorly; &Nbsp; Zheng Mian Meets Gao Jia Kong.

2011/11/28 12:39:00 9

American Cotton Is Not Good. Zheng Mian Meets Gao Jia Kong.

Friday

CF1205

After opening, it quickly dropped to a low point, and then rebounded to a new high last week.

Closing quotation

Turnover of more than 16.7 hands, a small increase in positions.

CF1205 closed at 20280 yuan / ton, up 175 yuan / ton, adding 6792 hands; in November 25th, China imported cotton (FC Index M) 105.88 cents / pound, down 0.68 cents / pound, 1%

tariff

The conversion price is 17177 yuan / ton, and the conversion price is 17653 yuan / ton under the sliding tax.


In the spot market, in November 25th, the cotton trading market of the national cotton trading market reached 22400 tons, an increase of 5300 tons compared with the previous day, an increase of 1620 tons of orders, and a total purchase of 51280 tons.

On the 25 day, the contracts were generally kept low. After that, the market rebounded lower, and the concussion went up. In the end, the average price rose above the average yesterday.

Decline

Limited; in recent months, the MA1112 contract closed at 18995 yuan, up 50 yuan, and the main MA1204 contract closed at 19750 yuan, up 124 yuan.


According to New York's November 25th news, the cotton market on Friday declined slightly, analysts said, due to the sell-off of retail speculators, and the poor external market situation, most market participants stood up before the long weekend.

The ICE index fell 0.04 cents in March cotton and was 90.87 cents a pound.


On Friday, Zheng cotton trend ups and downs, first fell and then rose. The largest trading day in nearly a month has risen 175 points in late trading. However, according to the position report, the first 20 seats are empty and net added positions, and the scope is relatively large. They are not optimistic about the future market. Today, investors in the early morning suggested that investors could go to higher levels.

In terms of purchasing and storage, the turnover was slightly reduced, and the actual turnover was 41940 tons. Zheng cotton is still in the downstream channel. The downward trend has not yet changed today's operation. It is suggested that investors should continue to hold the blank market continuously. The CF1205 price range will be 20000-2035020400.


 
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