On Monday, the CF1209 opened lower and the CF1209 closed at more than 199,000 contracts, holding slightly higher positions. CF1209 closed at 21,560 yuan / ton, up 70 yuan / ton, 9788 hand Masukura; March 12 China imported cotton (FC Index M) 99.69 cents / lb, down 0.38 cents / lb, 1% tariff conversion price 15992 yuan / ton, slip tax under the conversion price of 16480 yuan / ton.

Matching market: On March 12, the national cotton exchange market traded 14,400 tons of electronically traded blended cotton, an increase of 760 tons over the previous day, an increase in orders of 700 tons and a cumulative order of 110,100 tons. On the 12th, except for MA1205 and MA1206, which were opened slightly higher, other contracts opened lower, and they fell across the board and eventually closed lower. The contract for MA1203 closed at RMB 19960, down by RMB 88. The main MA1204 contract closed at 20198 yuan, down 113 yuan.

According to news from New York on March 12, cotton prices fell for the fifth consecutive trading day on Monday. Analysts said that the market has digested changes in export policy in India, the main producer of cotton. The May Intercontinental Exchange (ICE) futures contract settled down 0.80 cents at 88.00 cents per pound.

Zheng Cotton opened lower on Monday, before the opening of the market, India announced the lifting of the export ban, the market fell rapidly, but received support near 21,500. In addition to this news, there is not much change in the current market. In terms of purchasing and storage, the actual transaction volume on the 12th was 27,560 tons. The stocks at the end of the period were slightly heavy, indicating that the current spot market transactions were weak, and the former part of the cotton market was optimistic about the market's participation in the exchange. Today's operating recommendations, the 60-day moving average as a long and short boundary, intraday operation, can be involved in more than one single, 21500 stop loss, CF1209 reference price range of 21500-21850.

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