Turnover Has Shrunk Sharply.

Domestic trend: 28 days Zheng cotton 1309, the contract opens high and goes down, and receives a small Yin line. The opening price was 20300 yuan / ton, closing at 20235 yuan / ton, down 40 yuan / ton compared with the previous trading day, the highest price was 20300 yuan / ton, and the lowest price was 20180 yuan / ton. Trading volume has shrunk, and positions have been reduced by 2988 to 141452.

Outward trend: overnight Intercontinental Exchange (ICE) raw sugar futures rose slightly, the last trading day hit nearly two and a half low place to find technical support, and ultimately ICE main raw sugar futures in May rose 0.07 cents, at 17.85 cents per pound.

　 Message side:

1, Li Yan, deputy director of the economic and Trade Department of China's national development and Reform Commission, said that in order to meet the needs of textile enterprises, the market was put into the market. Reserve cotton At the end of March, the volume will probably be increased after the end of storage. And the open purchase and storage policy will continue to be implemented in 2013, and the specific price will be announced in the near future.

2, the spot price in the domestic market is still stable, and the price of yarn has been slightly retraced in some areas, and the quota has been issued one after another.

On the spot: cotton Index 328 price is 19373 yuan / ton, up 2 yuan / ton compared with the previous day.

Conclusion:

The quota has been issued, the cotton impact outside the port and the uplink of Zheng cotton is limited. Technically, Zheng cotton 1309 contracts can continue to shrink, rebound is weak, short term into a narrow oscillation. Operation, investors can be short in the 19800 - 20500 yuan / ton interval high throwing low suction.