Cotton'S Amplitude Narrowed By &Nbsp; Nearly Half Of Analysts Saw Ping.

On Monday, Zheng cotton's main contract maintained a narrow oscillation throughout the day.

A survey of 19 cotton analysts showed that 4 of the market saw much of the market today, accounting for 21%, 6 of the empty spots, accounting for 32%, and 9 analysts holding a flat view, accounting for 47%.

Analysts' forecasts are mainly between 24300 and 25800.

The overall view is that there is still a lack of clear direction in the market, which will maintain oscillation and the center of fluctuation is near the 25000 point.

Ping Ping

Hongyuan futures Wang Yong:

Zheng cotton is still difficult to find direction recently.

Technical support of 24000 is not too small, 25500 - 26000 interval pressure; in the spot, the signs of stabilising in some areas are now, but still can not find a good reason for rapid recovery, not to expect the spot price rise.

"Wait and see" is the best policy in the near future.

International Futures Chen Ping:

Recently, domestic spot prices are relatively stable.

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Zawa Hirohito industrial Zhang Wei Ge:

Seed cotton purchase price increased 0.2 yuan / Jin compared with last week.

Nanzheng futures Xu Yu:

Cotton is quite resilient, and buying at bargain prices is obvious. The spot market continues to pick up, bringing support to the price.

be bearish

Jinshi futures Yu Lijuan:

yarn

Yongan futures is the new Pu:

The bad factors over the cotton market have not been eliminated, but there are signs of superposition and aggravation. The price competition around 25000 will soon or will decide the outcome.

Li Panfeng, Chengdu:

US cotton cut back half a year's line failure, the overall market is lack of many factors or strength, CF1109 has a 24800 break down requirement for prophase support.