High-grade cotton tight Zheng Cotton futures received seven Lian Yang

Every reporter Zhang auction prices continue to rise, highlighting the supply of high-grade cotton is still quite tight, which makes Mian Futures Unlimited.　　The strength of the dollar let the commodity market pressure, but Mian futures but out of the independent rise in the market. Zheng Cotton futures volume rose again yesterday, the main 0909 contract opened in 13300 Yuan, the whole day of the price shocks upward, up to 13520 Yuan, the contract reported at the end of 13475 yuan, a rise of 1.05%, turnover expanded to 41588 hands, open positions increased to 38928 hands,　　Shows that money is still flowing in. The initial price of the dumping fell sharply April 10, the country's third batch of 1.5 million tons of cotton storage and sale successfully completed. At the end of the time, the domestic shortage of cotton gradually emerged.　　Because the market high grade cotton shortage phenomenon is increasingly serious, the market sometimes the state will throw away the words of cotton, May 21 dumped a paper announcement finally issued. In this sale plan, 2003 ~2004 Annual Reserve Cotton auction price is 12500 yuan/ton (net weight), out of the warehouse sales of the 2008 cotton net selling price of 12900 yuan/ton (net weight), a total of 1.523 million tons. On the day of the sale, Zheng Cotton futures fell by 0.97% and closed at $13305.　　After several consecutive trading days, the period price continued to fall lethargic, June 1 price has fallen to 12970 yuan. However, after a period of selling, the country adjusted the reserve cotton net selling price to 12600 yuan/ton, and increased the amount of reserve cotton, especially higher grade cotton.　　Since then cotton prices began to hit the bottom rebound, and yesterday basically regained the earlier lost ground. High-grade cotton still nervous May 31 the country will be 2008 annual Reserve Cotton bid price from 12900 yuan/ton down to 12600 yuan/ton, while increasing the reserve of cotton, especially the number of high-grade cotton, and further refine the bid.　　Since then, the enthusiasm of the auction greatly improved, the transaction situation is significantly improved, and participation in the enterprise bidding increasingly fierce, bid prices continue to push high, the daily transaction prices are basically maintained around 13000, the number of transactions in more than 20,000 tons. Industry insiders pointed out that the early auction because of some rules, not all enterprises can participate in the transaction. In addition, the deal was not active at the time, but also because the earlier auction doped some old cotton, the impact of the company's auction enthusiasm.　　However, in the future auction of this phenomenon has changed, auction prices continue to push high, contrast to high-grade cotton is still tight, textile enterprises want at a more appropriate price to obtain a certain amount of cotton. According to the relevant data, as at the end of May 2009, the total domestic cotton commercial inventory of 900,000 tons, compared with the end of April 1.36 million tons reduced 460,000 tons.　　Xinjiang commercial inventory of 320,000 tons, the mainland commercial inventory of 580,000 tons. Market participants pointed out that 900,000 tons of inventory is not enough textile industry one months of consumption, although the national launch activities are still in progress, if the auction cannot be increased, in the short term still can not get rid ofThe situation of high grade cotton supply tense state. The price of auctions continued to rise, providing a steady impetus to the futures market.