Cotton Futures Are Thriving.

Stimulated by the cotton export ban from India the day before yesterday, cotton futures had led the commodity market the day before yesterday. Yesterday, cotton related stocks and futures opened up in both directions.

On the 5 day, India's foreign trade chief issued a statement to ban cotton exports immediately.

As soon as the news came out, Zheng cotton, which opened at a low price, rose sharply from the afternoon, and cotton futures in the outer market also rose sharply.

Yesterday, Zheng cotton opened slightly and opened up 10 minutes later, but since then touchdown, all the way down, the amount can continue to maintain the amplification state, the position increased significantly, closing slightly red, reported 21980 yuan, or 0.18%, although the increase is weak, Zheng cotton in the miserable commodity market is already thriving.

Concept stocks went down all the way.

Exergy analysis

The ban can only temporarily boost the futures market.

Chen Jing, an analyst with China Securities Futures, analyzed that the lifting of the India ban on the futures market was temporary because the demand for India cotton in domestic cotton market declined.

This year, considering the balance between supply and demand of cotton, the quota allocation of some cotton textile enterprises has been abolished and the quota of import quotas has been reduced correspondingly.

In addition, American cotton has an alternative to India cotton.

The Research Report of China Securities Futures shows that at present, the price of seed cotton has risen slightly, while most export enterprises such as weaving, clothing and home textile enterprises are short of export orders.

Relevant person in charge of a large state-owned textile enterprise told reporters that the increase in the cost of downstream enterprises is stimulated by many factors, and the import quota of cotton also affects the cost of downstream enterprises.

Short term need to shake weak thinking

Technically speaking, Wang Guosheng analysis, Zheng cotton main 1209 high shock callback, K-line combination into the triangle finishing area, 60 minute level callback pressure is bigger, it is suggested that investors in a short period of shock and weak thinking, daily operation to high altitude mainly, but the space is limited, short-term operation.