Dramatic Changes Are Taking Place In Zhengzhou'S Cotton Market.
There are only four trading days this week.
Zhengzhou
Cotton has staged a dramatic scene.
On Monday.
Mid-Autumn Festival
Before the rally, the main contract CF1105 opened high and hit a 22000 yuan / ton integer position, then a "down in the face" continued to fall, but the popularity of the market is still strong, although the sharp return can still stubbornly rise.
The next day, with the help of the sharp rise of US cotton, the price remained high and volatile, and hit a high level of 22235 yuan / ton in the stock market.
However, at the end of the battle, the next stop price announces the end of the current round of market, the last trading day, the low opening rebound nearly 900 points, closing at 21640 yuan / ton, it is just a trick to drop resistance.
"Cotton
cotton
Ever-changing "
"Cotton and cotton, ever-changing", a common saying in the industry, tells the unique characteristics of the breed, precisely because its quality, water and impurities are easily affected in the production process, and the output and price are naturally changeable.
Because of the rapid recovery of demand and the rise of the price of agricultural products, the fundamentals of the cotton market have laid the foundation for the current cotton bull market.
However, with cotton prices entering high-risk areas and uncertain factors increasing, the pressure of releasing storage has been relieved at home. It is expected that in the late stage of fierce competition of funds, sharp fluctuations in prices will produce risks that can not be evade.
The role of emerging markets is significant.
With regard to the supply and demand pattern of global cotton, China and India have undoubtedly become the new forces that influence the fundamental pattern after China. Not only the demand for textile products has been expanding rapidly, but also the export policy of cotton has been restricted in Pakistan.
At the same time, the speculation on the weather factors is more likely to pour oil on the full swing of the rally. No matter whether the production is reduced or the demand gap has not been converged, the situation of tight supply in the international cotton market has intensified.
The end of the market is characteristic.
A round of cotton quotes, attracting countless funds to "compete".
At the recent stage, cotton has become a star market worthy of the futures market, and its magnificent momentum has gone through a complete "three wave three" market in a short time, and the bull market has gained a lot of money. At the same time, the market has come to an end: first, it has risen by more than 2000 points in a short five trading days, and has completed the rapid pull up stage; secondly, the shock of the limit plate type, the seemingly strong resistance, exactly fits the characteristics of the head concussion; third, from the analysis of the position, the multi party camp begins to split up, and the number of the bottom of the foot oil is increasing.
Fourth, the price drop in the spot market has lost the foundation for further development of the market.
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