January 15Th Market Morning Post: Zheng Cotton Futures Shrink Reduction Narrow Warehouse Consolidation

In January 14th, it rose again in early trading today, and then fell down under the flat position, forming a star line on the daily line.

Intra day turnover has shrunk and holdings have not changed much.

Basic situation: at the beginning of the new year, the cotton that was quiet for a long time became active in the bonded area.

It is understood that after the new year's day, the shipment of cotton in the bonded area has obviously accelerated, mainly for the following reasons: first, under the new sliding tariff rate, the cost of cotton imports has been reduced to varying degrees according to the quality grades; two, the quasi tax quota will expire at the end of February, and the time will be left behind for the weekend and holidays, and the three is the recent low level consolidation of the new phase. The main contract before and after new year's Day is even closer to 70 cents, during which part of the on-call contract price will be traded.