Cotton Fatigue Shows Cautious Concentration And High Risk

On the 30 day, the number of cotton reserves was 30011.315 tons, with an average price of 19038 yuan / ton (net weight). As of September 30th, the total amount of cotton put into the market was 681370 tons, and the actual turnover was 671771 tons, with a turnover rate of 98.6%.

There are signs that cotton prices will not rise substantially, but cotton fundamentals are in a tight state.

Under the influence of policy adjustment and cotton's own fundamentals, the short-term adjustment of cotton prices is more likely to be adjusted.

According to some enterprises in Xinjiang, "according to the purchase price of seed cotton at 10.4 yuan / kg,

All kinds of signs do not support cotton's record highs. The price difference between cotton and 4000 yuan now puts cotton industry chain in a very awkward position.

At present, the personal view is still consistent with the original. Do not expect cotton to continue the bull market. At least in the short term, we must sort out the price at present.

I hope you will carefully gather high risk cotton, especially enterprises and individuals with high price cotton stocks. It is recommended that futures hedging be carried out and risk locked.

In October 2nd, from

If we don't feel it, let's take a look at the 60 minute figure of the US cotton. Each column represents the latest 60 minutes. In the last few hours, bullish funds have no resistance and there has been a sharp drop.

In short, the cotton is exhausted now. For the customers who are quilt, we can only expect the US cotton to recover part of the lost land in the final days of national day.