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Shanghai Mid-Term: Shock Consolidation, Zheng Cotton To Maintain Weakness

2010/7/9 16:08:00 42

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Mid Shanghai

Zheng cotton

The main 09 contract was sorted out today, and the whole world fell 30 points, closing at 16927 yuan per ton, or 0.18%.

170 thousand hands traded throughout the day, an increase of 50 thousand hands compared with the previous day, holding 200 thousand hands, reducing 11000 hands.

Technically, there has been no signal of stabilization. Traders should pay attention to controlling risks.

In April, cotton pportation in Xinjiang accelerated.

It is reported that the cotton planting area in the United States may increase by 10%.

Zhengzhou's cotton futures market is short of speculation.

Data from the Statistics Center of China Textile Industry Association show that in the first 5.33 months of this year, China's textile enterprises above Designated Size reached 567 billion 328 million yuan in gross industrial output value, an increase of 27.05% over the same period last year.

Textile industry

Development and continuation of last year's steady recovery trend continued to show a gradual improvement.

However, the early recovery of textile industry has been basically digested by the market, and it is difficult to boost cotton futures prices in the near future.

After several failed upgrades, the strength of the bulls is exhausted and the latter may easily fall.

It is suggested that the operation of interval oscillations should be empty.

In the international market,

dollar

The US cotton has temporarily stopped its downward trend.

Cotton futures contracts rose 0.74 cents in May or 0.93% to 80.43 cents a pound in the most recent month.

The July contract closed up 0.68 cents or 0.84% to 81.64 cents a pound.

In March 30th, the national cotton trading market made 15560 tons of electronic cotton matchmaking trading, a decrease of 3260 tons compared with the previous trading day, and an order reduction of 860 tons.

The contracts continued to fall, but the decline was narrowed compared with the previous day.

In March 30th, China's cotton price index rose by 13 yuan to 16077 yuan.

Trading strategy, Zhengzhou cotton futures appear obvious differences.

I believe that although the fundamentals are still large, most of them have been digested by the market.

In April, cotton may weaken and weaken, investors can turn to empty thinking operation, and take appropriate hedging strategies to achieve relatively low risk income.