US Cotton Plunge Zheng Cotton Weak Oscillation
In December 13th, Zheng cotton early morning low oscillation, as of noon closing, zhengmian 1205 contract closed at 20435 yuan / ton, down 80 yuan / ton, or 0.39%.
Although the US cotton fell sharply, Zheng cotton showed strong resilience, which is also due to the purchase and storage price.
Long-term
Support.
The cotton price index has been on the rebound for several days.
In terms of storage and purchase, the paction was enlarged again, with a turnover of 64250 tons.
Xinjiang cotton
The proportion of pactions has been enlarged again.
In the spot market, in December 12th, the electronic cotton matchmaking trade in the national cotton market was 18940 tons, 1320 tons less than the previous day, the order volume increased by 300 tons, and the total order 41620 tons.
According to New York's December 12th news, cotton futures closed at a low level for 16 months on Monday, dragged down by the subsequent selling of investors, because of the euro area.
debt
The crisis triggered recession worries, making the market on the defensive.
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