A Sharp Fall In The Stock Market May Lead To A Short-Term Rally In Cotton Prices.

In August 24th, China's economic data swept through the global market. The global stock market plummeted and the pressure on commodities was generally underestimated. Today, Zheng cotton is weak and the whole contract has fallen broadly. The main CF601 is slowly oscillating after the night market opened. Although the profit margin has been opened up, the price has risen slightly, but the line is still below the moving average, and the trend is weak or weak.

Domestic lint spot market is still dull, demand for textile enterprises is not good, cautious participation in procurement, market attention to the new year.

Production, quality and purchase price, along with quality new flowers.

Or the purchase of a small climax, cotton prices may appear short-term inflation, the current cautious chasing empty wait and see is appropriate.

The opening price of the CF601 contract is 12550 yuan, the highest price is 12560 yuan, the lowest price is 12370 yuan, the settlement price is 12460 yuan, the closing price is 12480 yuan, down 65 points compared with the previous day, 226 thousand hands were traded, 362 thousand positions were accumulated, and 24396 hands were reduced.

August 24th, China

The collapse triggered a global stock market crash, and the market's worries about China's economic downturn intensified.

Heavy volume plummeted, the main contract almost stopped in December.

Before market panic eased,

May continue to callback.

Turnover of 44458 hands, compared with the previous trading day increased by 28809 hands, registered inventory of 82508 packs, reducing 428 packets.

Market comment: the US cotton plunged, and Zheng cotton affected the overnight market to continue to explore the low point. There was no new news stimulus in the short term fundamentals. Instead, China's low economic data spread to the global financial market, the stock market plummeted, and commodity prices were also panic hunting.

Price and data:

(1) in August 24th, the international cotton index (SM) 75.13 (cents / pound, the same below) dropped 1 points, the general trade port pick-up price was 11804 yuan / ton (calculated by sliding tax, the exchange rate was calculated at the Bank of China's middle price), the international cotton index (M) 72.39, rose 0 points, and the general trade port delivery price was 11380 yuan / ton.

(2) the national cotton price A index (CNCotton A) is 13669 yuan / ton, down 12 yuan / ton compared with the previous day.

The national cotton price B index (CNCotton B) is 12941 yuan / ton, down 14 yuan / ton compared with the previous day.

(3) the price of C32S is 20045 yuan / ton, and the price of polyester and short is 6930 yuan / ton, which is 0 yuan / ton less than the previous day.