Last night

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In December, the contract continued to rise sharply to 333 cents to 110.50 cents. In the domestic stock market, the CCINDEX328 index continued to rise 290 to 23485; the main cotton producing areas in Anhui were 5.17 seed 38 seed 1.60, Hebei 5.47 clothes 38 seed 1.71, Hunan 5.20 clothing seed seeds, Shanxi Shandong garments, seeds and grains, Shanxi, China, Shaanxi, Henan, Henan, China, Shaanxi, China, Shaanxi, Henan, China, Shaanxi, China, Henan, China, Yunnan, China, Japan, China, Japan, China, Japan, China, China, Shanxi, China, Shanxi, China, Shanxi, China, Shaanxi, Henan, Henan, China, Shaanxi, Henan, Henan, China, Shaanxi, Henan, China, Shaanxi, Henan, China, Shaanxi, Henan, Henan, China, Shaanxi, Henan, China, Shaanxi, Henan, China, Shaanxi, Henan and Henan. Last night ICE cotton rose by ZCE cotton.

From the channel news, it is understood that the current textile enterprises are hesitant about the spot price of domestic cotton (23870, -120.00, -0.50%), and the acceptable lint price is 24000-25000.

At present, clothing prices begin to raise prices, local varieties and land price increase by 10-20%. Whether clothing prices can smoothly undertake the price increase of upstream raw materials remains to be seen.

The electronic matching market has edged up and down today.

The central bank informed the workers and peasants this morning that the four state-owned commercial banks and the two shareholding banks of investment and people's livelihood will raise the deposit reserve ratio of the above banks, raising the rate by 50 basis points.

The relevant banks are expected to pay within 280 billion weeks to 300 billion yuan this week.

The market expects the time limit of this measure to be only two months, mainly aiming at the temporary measures of the new loan surge in September, the centralized expiry of the central bank and the increase of foreign exchange in August and September.

The largest scale, the highest specification, and the longest time for small and medium-sized enterprises to reduce burdens has begun and is being carried out.

In June 13th this year, the State Council set up a leading group to reduce the burden of enterprises. It is no longer a suspense for reducing the burden of small and medium-sized enterprises. The timetable for reducing the burden of small and medium-sized enterprises has also been determined.

CCTV began to pay attention to cotton prices frequently. On the 10 day, it issued an early warning that "the price of cotton in our economic life should now attract everyone's attention". It also pointed out that the large-scale acquisition of cotton has not yet started this year, and there is enough time for local governments to control cotton prices properly.

On the 11 day, the price of clothing products, including garments and cotton pads, rose in parts of the country, which rose by 10%-50% between the same period last year, after the autumn cotton price rose and hit a new high in 10 years.

According to the foreign news, five cotton trade companies including Cargill international, Louis Da FOK and Oran international and India have received 51% issued export authority registration permits (EARC) today, allowing the shipment of 850 thousand cotton packages, weighing 170 kg each.

With the acquisition of seed cotton in the cotton producing areas, the purchase price of seed cotton has been constantly increasing. The processing enterprises have become apprehensive about the high cotton price.

Textile enterprises have the use of stock cotton stocks cotton, no inventory of cotton purchase a small amount, with a single advance.

Market rumors that the Agricultural Development Bank has tightened the takeover loans for cotton, and the financing environment of textile enterprises has begun to tighten.

Today, the overall yarn sales in Shaoxi district are less. The price of the whole cotton yarn market is firm and firm. The mainstream of 32S knitting yarn is about 31500 yuan / ton, and the mainstream of 40S combing is 38000-39000 yuan / ton. The market wait-and-see mentality is displayed.

Technology watch:

Today, 1105 out of the high position of the Yin line, there are signs of a downward trend.

In terms of technical indicators, MACD red column began to shorten, RSI breakdown 80 lines formed downward downward fork, KDJ was down from high to low, and there was an attempt to wear 80 lines below.

Outlook for future market:

In the light of the sudden trading situation of risk in the futures market, we think that we should pay close attention to the domestic financial policy (the central bank raised the reserve requirement ratio of the 6 banks), the cotton regulation policy of the relevant departments of the state, the high price of cotton textile enterprises and other information, and adopt flexible trading strategies to keep away from the possible market risks at any time.