Commodity Futures, Ice And Fire Days: Cotton Plummeted And Red Dates Are Rising.

In May 14th, domestic commodity futures closed most of the green, cotton 1909 contract down, down 7.03%, cotton yarn 2001 contract closed down 6.91%, PTA1909 contract fell 4.40%, red dates futures rose all the way, red dates 1912 contract rose 5.79%.

As for the reasons for the large fluctuation of commodity futures, Wang Hongying, President of the Hongkong Financial Derivatives Investment Research Institute, told the Beijing Commercial Daily that the price trend of commodity futures is more influenced by economic factors. If the economy develops well, there will be more demand for commodities.

For cotton, cotton and other varieties of decline, Wang Hongying further said that policy factors will directly affect the price of goods, the current Sino US trade environment once again become the focus of the market, and China's textile industry, about 70% of the products are export oriented, will be affected more.

As the basic raw material of the textile industry, the decline of commodity futures prices such as cotton, cotton yarn and PDA is also normal.

It is worth mentioning that, when the commodity futures float across the green line, the red dates futures listed just now rose all the way, the main contract of red dates 1912 rose 5.79%, and the latest price was 9505 yuan / ton.

Some analysts pointed out that the red jujube futures were mainly affected by cost support, bad weather in origin, and the preparation of Dragon Boat Festival.

Ruida futures believe that the supply side, the market is full of red dates overall supply, most of the supply of goods has been warehousing and storage, the remaining part of the traders choose to handle the source of goods at a low price.

In terms of cost, the production cost of jujube is over 8000 yuan / ton, which is a certain support for the price of red dates.

Demand side, with the advent of the Dragon Boat Festival, some traders have stocking requirements, which will speed up the market's speed and boost prices.

In terms of substitute products, the listing of seasonal fruits has a certain impact on the consumption market of Chinese jujube.

According to Wang Hongying, jujube belongs to small variety futures, which is greatly affected by weather disasters. At present, the production date of jujube is generally affected, and the scale and quality of jujube production are generally affected. In addition, the overall price of fruit products has increased considerably in recent years, and the demand for delivery of jujube futures is higher.

In fact, the same small variety futures, jujube futures nearly two days of soaring can not help but come to the conjecture, "jujube futures will copy the apple futures market when the sharp rise and fall?"

Wang Hongying pointed out that in order to avoid the sharp rise and fall of apple market, the Zhengzhou commodity exchange also issued early warning management measures for risk, making the price trend of jujube futures more rational, but in general, policy restrictions will only affect the amplitude and rhythm of the futures market, but will not change the trend of price rise.

"Judging from the current fundamentals, the future price of red dates will rise to 12000 yuan in the context of the imbalance between supply and demand and the relative reduction of delivery levels."

Wang Hongying said.

However, according to reda futures, as a whole, the price of red dates is rising in the short term due to the promotion of holiday themes and the revision of pre valuation. In the medium and long term, red dates are in the low consumption season, and the driving force is insufficient, and the trend is still empty.

In view of the recent market fluctuations of several varieties, the Zhengzhou Commodity Futures Exchange issued a risk warning letter in May 14th. Recently, the futures prices of cotton, cotton yarn, red dates and PTA and other varieties fluctuated greatly, and the market uncertainty factors were more.