Wheel Storage Delay: Who Will Be The Last Laughable Cotton Hunter?

The main reason for the strong performance of cotton futures in the near future is that the rumours about the dumping and storage in early April failed to achieve the goal, which led to the replenishment of downstream textile enterprises and the low level of warehouse receipts.

Last week, just a few trading days, the domestic cotton futures contract appeared rare bull market, three days, two times limit, in one fell swoop to recover four consecutive months of decline.

2010

The super bull market has made Lin Guangmao and other market leaders, and the wealth myth that people like to talk about.

Six years later, the cotton went to the "super historical bottom" before.

Sharp fluctuations are usually the precursors of the trend.

This time, the cotton market will change, and who will be the last laughable cotton hunter?

In the sharp rise of Zhengzhou cotton futures last week, the spot market began to boil up: one of the main cotton producing areas, the the Yellow River River Basin, was already booming.

Li Jian, a cotton broker in Hebei Province, said last week he had started collecting cotton from household.

Because of the rise in cotton prices, the acquisition of cotton has become profitable.

According to the purchase amount of seed cotton 2000 to 3000 Jin per day, it can earn 300 to 500 yuan a day.

This kind of market has not appeared for a long time.

The last bull market in cotton appeared in 2010 to 2011, and it was skyrocketing for nearly 35000 yuan per ton.

China cotton information network report shows that cotton prices have been suppressed by 1 percentage points, and net income of farmers will be reduced by about 1000000000 yuan.

According to insiders, in the near future

With the rise of the market, the spot cotton market began to improve. At present, the appearance of cotton brokers in Shandong, Henan and Hebei has begun to become active again.

Spot prices of some lint picked up slightly, and some regions were getting warmer.

Moreover, in the process of rising domestic cotton prices during the last week, cotton and outer yarns were all rising. Some people even used the "strong winds to fly clouds" to describe the current cotton.

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According to a Hebei cotton trader, the current 2128B class Xinjiang hand picked cotton production price has reached 12750 yuan / ton, up 200 yuan / ton compared with the beginning of April.

Reporter statistics found that on Friday trading day, the 1609 main trading contract of Zheng cotton futures contract was 10440 yuan / ton to 11770 yuan / ton, the cumulative increase of 12.74%.

On the external side, in April 13th, ICE cotton rose to its highest level in two months. The most active July contract was 0.84% higher, hitting the highest 61.70 cents since February 4th.

Market participants believe that the reason is short supply and the US Department of agriculture's report on supply and demand is slightly better.