Zheng Cotton Prices Are Always Affecting People And Plunging Again, Leaving The Market In Panic.

On the 28 day, the price of Zheng cotton plummeted.

The 1707 contract closed 14710 yuan / ton on the same day, tumbling 345 yuan / ton, the main 1709 contract closed 15060 yuan / ton, plunged 365 yuan / ton.

This is the second time this month after the fall of Zheng cotton on June 12th and 13.

28 day and night, the market continued to fall, the main 1709 contract fell 120 yuan / ton, breaking 15000 yuan / ton psychological support level, closed at 14940 yuan / ton; 1707 in the past month contract closed at 14650 yuan / ton, down 60 yuan / ton.

Same as last time.

Falling suddenly, so thrilling.

On the 28 day Zheng cotton just closed, a friend of Cangzhou immediately called, asking the author Zheng cotton view.

He said:

1, futures traders have fallen short of their courage and fall.

It was unexpected that the cotton fell sharply.

5-6 months, Zheng cotton is basically 15000-16000 yuan / ton interval wide oscillation, according to past experience, Zheng cotton fell to 15000 yuan / ton near, will soon pick up the position, up to 16000 yuan / ton cap, but this time is a little different.

After the collapse of Zheng cotton on June 12th and 13, many people continued to use old ideas.

It never occurred to me that Zheng cotton was once again plummeting.

There are also many cotton futures traders losing their blood and two tears.

2, spot traders are scared.

As a trader has said, although the current period is divided, but the downward trend of Zheng cotton, to the negative impact of the spot can not be underestimated.

On the 28 day, a cotton trader in Shandong will cut cotton price again by 100 yuan / ton, and reserve real estate cotton grade 13 (2013 annual output) and cashmere length 27.6 millimeters. The horse price is B2, and the price is 14400 yuan / ton.

In addition, other dealers and traders also have a price cut to attract customers.

Why did the decline of the Zheng cotton cause such a great repercussion?

1, the result of market bad accumulation.

Recently, domestic cotton production is expected to increase.

Data show that in 2017, cotton planting area was 44 million 132 thousand mu, an increase of 6.86% over the same period last year, an increase of 3.07 percentage points over the previous intention area.

At present, cotton growers in the three cotton regions of Xinjiang, the Yellow River and Yangtze River have feedback that cotton growth is better than last year, and the yield per unit area is expected to increase.

Moreover, from July 1st, China's cotton value-added tax will fall from 13% to 11%, which will reduce the circulation cost of cotton.

These factors continue to accumulate throughout the market.

More rich.

2, cotton reserves led the decline.

Before the storage cotton came out, Zheng cotton was the "weathervane" and "barometer" of the market.

After the storage of cotton wheels, they become the only "weathervane" barometer in the market.

This week, the reserve price of cotton reserves was lowered by 223 yuan / ton again. As of this week, the reserve price of cotton reserves has been lowered for 5 consecutive weeks, and the total reserve price has been reduced by 748 yuan / ton.

The bottom price has been reduced so that the quantity change has accumulated into a qualitative change and boiled frog in warm water. At this moment, many industries come to realize that the cotton price has fallen so much in silence.

3, downstream weakness is being pmitted upstream.

In 5 and June this year, it was "black" for cotton textile.

According to Hebei, Henan and Jiangsu and Zhejiang mainstream textile enterprises feedback, 2 months.

The price has dropped by 300-500 yuan / ton, and the individual yarn has fallen by 600 yuan / ton.

In addition, in the past 2 months, except for individual air spinning, combing 32S and combed 21S sales, other markets were still unsalable, which made textile enterprises slow down and profits continued to decline.

As a market person has said, this year, Zheng cotton and the spot market are obviously separated, but the general trend of the world is divided into two phases. This time, Zheng cotton has plummeted and the night market has fallen. It is considered that the trend is close now, and it is a manifestation of future return to rationality.

How to judge the future trend of futures?

1, Zheng cotton must go deep and fall through.

This year, Zheng cotton has been detached from the fundamentals and alone in the world.

This return to reason is guided by the fundamentals, and it will inevitably stop the water being squeezed clean.

So after this deep fall, Zheng cotton is expected to break the curse of wide fluctuation of 15000-16000 yuan / ton interval and make a real adjustment.

2. Where is the bottom? After the crash, there will be a process of adjustment.

Thursday, Friday or narrow arrangement, below 15000 yuan / ton to find support.

Therefore, it is not advisable for futures traders to do more to make up for losses.

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