Do Not Expect The Myth That Cotton Will Keep Falling; &Nbsp Needs To Be Sorted Out.

According to the news of Bangalore in September 30th, as of September 29th, the number of deliverable NYBOT is 2.

On the 30 day, the number of cotton reserves was 30011.315 tons, with an average price of 19038 yuan / ton (net weight). As of September 30th, the total amount of cotton put into the market was 681370 tons, and the actual turnover was 671771 tons, with a turnover rate of 98.6%.

There are signs that cotton prices will not rise substantially, but cotton fundamentals are in a tight state.

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According to some enterprises in Xinjiang, "according to the purchase price of seed cotton at 10.4 yuan / kg, lint must be sold for 24 thousand yuan / ton before it is guaranteed."

And they think the lint price is above 20 thousand yuan.

All kinds of signs do not support cotton's record highs. The price difference between cotton and 4000 yuan now puts cotton industry chain in a very awkward position.

At present, the personal view is still consistent with the original, do not expect cotton to continue the big bull market, at least in the short term, it is necessary to make a good arrangement at the present price.

I hope you will carefully gather high risk cotton, especially enterprises and individuals with high price cotton stocks. It is recommended that futures hedging be carried out and risk locked.

In October 2nd, from the perspective of futures technology graphics, US cotton graphics can be said to be quite weak.

On the daily chart, the speed of coming down from the 106.4 cent high point was very fast. Three days, two big Yin lines directly hit the price to 97.92 cents. Last night the fall reached 3.93%!

Almost three days, two times limit!

If we don't feel it, let's take a look at the 60 minute figure of the US cotton. Each column represents the latest 60 minutes. In the last few hours, bullish funds have no resistance and there has been a sharp drop.

In short, the cotton is exhausted now. For the customers who are quilt, we can only expect the US cotton to recover part of the lost land in the final days of national day.