After The Sharp Fall Of Zheng Cotton, The Future Trend Or Shock Will Be Bottomed Up.

Last Friday, CF1209 opened lower and higher, and CF1209 closed more than 38.1 million hands.

CF1209 closed at 19055 yuan / ton, up 160 yuan / ton, reduced 21720 positions; in May 18th, China imported cotton (FC Index M) 90.12 cents / pound, fell 0.18 cents / pound, 1% yuan tariff reduced price 14474 yuan / ton, sliding price conversion price 14976 yuan / ton.

On May 18th, the US Intercontinental Exchange (ICE) cotton rose on Friday, rebounding from the low two years and three months hit yesterday, due to speculative shorts.

Analysts say the European debt crisis will probably take the lead next week.

The ICE7 cotton contract rose 1.34 cents or 1.75%, at 77.99 per pound.

May 18th, the national cotton trade.

The merchandise cotton matchmaking deal was 43780 tons, an increase of 13560 tons compared with the previous day, a reduction of 6620 tons of orders, and a total purchase of 150840 tons.

On the 18 day, most of the products were opened at less than 17 days ago, but the matching price was relatively low, which made many buyers unable to bear. On the one hand, cotton companies did not have enough resources. On the other hand, the recent meeting also injected confidence into the market. Buyers increased and buyers rebounded.

On Friday, Zheng cotton first rebounded after a sharp fall, holding the 19000 mark, but because of too weak cotton, it is difficult to get out of the V shape reversal market, larger may be at the bottom of the consolidation, and the empty main shift to 1301 contracts.

This week, due to the lack of important data, the focus of the macro focus is on the European debt problem. Taking into account the suspicions of the European debt problem, investors are still advised to leave the field for the time being.