Market Analysis: Attention To Zheng Cotton Does Not Rule Out The Operation At A High Level

International oil prices rose on Friday, helped by supply constraints, oil prices rose for the fourth consecutive week. Generally, higher oil prices mean that polyester fiber, a substitute for cotton, is more expensive. Oil prices indirectly support cotton prices.

After the main contract continuous index of American cotton rose from 48.35, it was in the rising trend of monthly line level. At present, the weekly rise of American cotton has not finished, and cotton will continue to rise in the future. However, the current rise after the U.S. cotton daily line correction is increasingly close to the previous high (121.67), which does not rule out the shock after the sharp rise.

Next week, zhengmian will not rule out 22000. After a rapid rise, it will attract the intervention of the hedging plate. With the approaching of the Spring Festival holiday, textile mills begin to have holidays one after another. Under the light cotton yarn market, the enthusiasm of textile mills to replenish inventory is not high. Subject to the high cost of lint processing in the new year, cotton prices will be at a high level, but it is inevitable that shocks will occur near the holidays, Put risk control first!