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The Dilemma Is &Nbsp; Zheng Cotton'S Fluctuation Intensifies.

2012/3/30 13:08:00 14

Cotton Price Market Acquisition And Storage

Zheng Mian opened low, the market began to fall sharply after the rise, the pressure on the top of the sell-off, the price fell, trading volume, positions reduced.

The main 1209 contract opened at 21235 yuan / ton, closing at 21265 yuan, down 25 yuan compared with the 28 day settlement price; 211990 hands traded, 8186 positions reduced to 340106 hands.

Recent few

paction

Since the beginning of 2000, the price of zhengmian 1209 has been shifting downward, and the lowest point in the day has gradually approached the low level of 21200 yuan in recent shocks.

With the end of the domestic purchase and storage in March, the market may issue import cotton quotas or throw them at the right price, but no matter what the situation is, if the downstream demand can not be improved, it will be more difficult for cotton prices to go up.

Judging from the 29 day disk, the current price dilemma is increasing, and the cautious is short term operation.

On the basic level, domestic purchasing and storage is coming to an end. Demand has not been improved. The strength of purchasing and storage is weakening, and foreign cotton imports have made foreign cotton prices rise little.

The determination of the state to support cotton prices is strong. In order to ensure the planting area this year, it is estimated that the probability of issuing quotas in April is very low. Within the next month, the spot market can not get the quota and face the high grade in the domestic market.

cotton

Gradually decreasing, and future hype for planting area, spot cotton is expected to rise slightly without quota in the future.

On the evening of 29, the US agriculture department will announce its export report for a week. It announced that the planting area was expected to be raised on the evening of 30, which is expected to be more profitable. However, the US cotton has responded ahead of schedule, and it is expected that the price should be low.

Once the quota is issued, large quantities of cotton will hit the market price.

Sale

The pressure is increasing.