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The Market Is Not Warm But &Nbsp;

2011/3/2 17:17:00 59

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On Tuesday (March 1st), domestic commodity futures were mixed up and maintained a broad pattern.

Zheng cotton, which closed on Monday, continued to gain strength, increasing by more than 4.3% throughout the day.

However, analysts pointed out that China's manufacturing data fell to suppress commodity inflation, and it is expected that short-term shocks will be more likely.

China Federation of logistics and purchasing 1 released 2011 February China

manufacturing industry

The purchasing managers index (PMI) was 52.2%, down 0.7 percentage points from the month to year ratio, and the decline rate narrowed from last month, but it has been declining for third consecutive months.

Analysts pointed out that the macroeconomic situation is still in a tight situation. The second round of quantitative easing policy in the US has been orderly promoted, and liquidity funds have pushed up the prices of the stock market and the commodity market, leading to the continuous rise of domestic commodity prices.

However, China has continuously introduced the deposit reserve ratio and interest rate regulation policies, and investors' concerns about the market have intensified.

It is worth noting that under the recent intensive control policy, the speculative atmosphere of the futures market has been obviously suppressed, and the speculative capital has withdrawn from the futures market, and the price has dropped to varying degrees.

futures market

The corresponding grain price spot market is still in the situation of slightly rising steadily.

The most outstanding performance in March 1st was cotton.

Following the closing of trading on Monday, Zheng cotton's rise did not stop.

Some analysts said that China and India's cotton production is lower than expected news again detonating the supply of tension point of view, cotton prices still have the potential to rise later.

However, the short-term regulatory pressure on the rapid rise in prices of agricultural products will not be reduced, so the risk of catching up with cotton prices will be greater.

From the data point of view, China in February 2011

Cotton import volume

At a relatively high level, textile exports grew significantly year-on-year.

The pace of domestic policy tightening has further accelerated, commodity market volatility has increased, and the cotton market situation is intricate. The macroeconomic environment and industrial policy adjustment will become an important factor affecting the future cotton price changes.