Afternoon Review: Shanghai Copper Fell To The 60 Thousand Pass &Nbsp; Big Change In Cotton Trading

Domestic commodity futures market continued to callback at the beginning of the year, and industrial products were weak, with rubber and Shanghai Gold dropping more than 1% at the beginning. The Shanghai copper broke the market and fell to the 60 thousand pass. In terms of agricultural products, bean oil was at a high concussion, and soybean meal and vegetable oil were slightly flush, and the corn jumped slightly after high inflation, and 2450 of them lost again.

Cotton early morning trading, the opening fell soon after a straight rise, after a concussion and then a straight decline, half a day down 0.12%.

The rise of cotton on the outside plate had an impact on Zheng cotton, and it quickly dropped after it pulled up rapidly.

Dong Shuangwei, a leading futures analyst, said that from the general direction, Zheng cotton's ups and downs were both difficult, and the uncertainty behind the policy was very large.

Market operation is more difficult, more volatile decline or rebound.

In the direction of cotton operation, we should buy cotton and cotton (Yuan Yue) and carry out the combination of air and cotton (near month). For the domestic market alone, we need to follow the change of policy nodes in the future and carry out band operation.

Besides the policy, concerns should be paid to the operation of downstream textile enterprises, the regression of cotton price difference inside and outside, and the change of planting intention in the northern hemisphere.

Sinosteel futures analyst said that the soybean market dropped all day on Wednesday, maintaining the strong pattern of oil and weak meal as a whole. In September, soybean meal hit a new high of more than 3299 yuan in six months, and the pressure on 3300 yuan was higher. It was difficult to break through in the short term. In September, soybean oil was refunded to the 5 day moving average yesterday.

Expected before the festival will be adjusted mainly, and the price may be closed down again by profit.

On the operation, it is recommended to wait and see for a while.

On the news side, the US factory durable goods orders increased by 2.2% in February, down from 2.9% previously expected, indicating that the US economic recovery is not optimistic.

Overnight, the dollar index rebounded slightly 0.09%, the stock market fell, gold prices and oil prices fell by nearly 2%.