Zheng Cotton Can Be Described As "Soaring" What "Stimulated" The Price Market?

Recently, Zheng cotton can be described as "soaring to the sky".

Zheng cotton main CF1709 contract from 15380 yuan / ton to 16290 yuan / ton, just two trading days rose 5.92%.

The surge is mainly affected by the surge of foreign cotton.

Affected by the improvement of US cotton exports, the recent ICE cotton continued to rise, breaking nearly 3 years high.

On the 15 day, ICE cotton prices continued to rise in the long run, with contracts rising at 87-314 points in recent months. 1707 contracts closed at 85.32 cents / pound, up 314 points; 1710 contracts closed at 78.77 cents / pound, up 169 points.

According to feedback, the recent flood of new cotton flowers in the United States is affected by adverse weather. The flooding in the southern part of the Mississippi River Basin has a great impact on cotton fields, and some areas need replanting.

Dezhou High Plains is affected by heavy rain.

Planting has also been delayed.

Therefore, there is a big reduction in cotton production expected, the market speculation cotton prices, ICE cotton is expected to continue to rise more likely.

Zheng cotton follow wind ICE period cotton fluctuation.

The rise after the crazy fall.

Last week, Zheng cotton fell sharply, of which the main CF1709 contract fell from 16200 yuan / ton to 15500 yuan / ton.

On the one hand, Zheng cotton fell more than 700 yuan / ton, attracting a large increase in the spot price of low water cotton and increasing the limit of cotton futures.

On the other hand, attracting social idle funds to join the war group urgently, trying to get a share of Zheng cotton.

Therefore, the recent rise in Zheng cotton can also be seen as a retaliatory rise after the fall of madness.

Zheng cotton's rise is still unstable at present and needs further observation.

The lint spot is not rising synchronously.

The spot market in the the Yellow River river basin is generally stable. Among them, the "double 28" and "double 29" hand picked Xinjiang cotton price is 16600-16700 yuan / ton (pick up and gross weight), and the price of 3128/29 South China machine picked cotton (fracture strength 28CN) is 16500 yuan / ton, which has little change with last week.

According to traders, the quality of Xinjiang cotton is both hard and fast nowadays.

Inflation is difficult, because downstream textile enterprises are cautious in buying, falling down, and sellers.

Still strong.

Only recovering the lost land in the early stage did not really start the attack.

Last week, the main CF1709 contract fell from 16200 yuan / ton to 15500 yuan / ton; on Monday, the closing price was 16290 yuan / ton.

It can only be said that the lost land was recovered last week, and the price is still stuck in the earlier stage.

Judging whether Zheng cotton will usher in a sharp rebound in the upside also depends on the overall performance this week.

If Zheng cotton continues to rise and successfully break through the 16500 yuan / ton pressure line, the future will be bright.

Otherwise, Zheng cotton's oscillation pattern cannot be changed.

The recent sharp rise of Zheng cotton has been dazzling, but it is still not advisable to judge its real intention.

It remains to be seen that it is essential to move forward.

In recent days, the price of cotton in Zhengzhou cotton has also risen sharply in the period of ICE cotton price rise. Considering that there are a large number of domestic cotton reserves and Zheng cotton still have a large number of warehouse receipts, it is expected that its rise will be difficult for a long time.

However, the ICE cotton prices will still affect the atmosphere of Zheng cotton, and the price of cotton continues to be high, pushing up the reserve price of cotton reserves, which will form a great support for the domestic market. Therefore, we expect that the price of zhengmian will fall after the fall in the cotton price.

The overall sales volume has weakened, mainly because the market demand is limited. The market outlook is not optimistic. The manufacturers control risks and will not actively and orderly stock up. They all need to buy just needed, and can only walk around.

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