Zhengzhou Futures Cotton Rise and Yarn Market Price Investigation

Commodities stopped falling and rebounded. In the cotton market, the Ministry of Finance announced the new sliding tax standard for cotton imports and the agency expects that the cotton planting area will decline next year, and the market rebounded at a moderate rate.
At the close, the Zhengzhou Cotton Futures Index rose 293 points to close at 20777. The total transaction volume increased significantly to 383,000 lots, and the total holdings increased 6.2 hands to 281,000 lots. The main force 1205 rose 300 points to close at 20695, the transaction increased sharply to 323,000 hands, and the position increased by 5.3 hands to 214,000 hands. On the disk, Zheng Mian looked for opportunities to Masukura, and funds entered the market enthusiastically, and a rebound in the market outlook can be expected.
The main force of ICE futures cotton rose 1.17 cents to 86.29 cents in March. The M index of imported cotton rose 0.61 cents to 99.64 cents, discounting the standard tax price to 16,609, and the price difference with domestic cotton expanded to -2458 yuan/ton.
The domestic cotton price 328B index rose slightly by 2 points to 19067. The purchase of new cotton is coming to an end, and cotton enterprises are dominated by the transfer and storage, and the purchase price of textile enterprises is slightly increased.
In terms of purchasing and storage, as of the 15th, the total turnover of temporary cotton purchasing and storage in 2011 was 1.5759 million tons, accounting for 15.75% of the estimated total cotton consumption in the country.
In terms of yarn prices, the prices of KC32S and JC40S remain unchanged today, at 25500 and 30750 respectively. The market transactions are average.