Zheng Cotton'S Big Fluctuation, "Sharp Drop And Soaring" Posture Makes The Market Difficult To Resist.

Zheng cotton fell sharply, of which 1705 of the contract fell to 15000 yuan / ton near the 1709 contract fell to 15500 yuan / ton; 9, zhengmian 1705, 1709 contracts respectively around 15000 yuan / ton, 15500 yuan / ton fluctuated near the 11 day evening cotton rebounded, 12 days, 12 days prices rose rapidly.

On the whole, Zheng cotton has lost a lot of losses, rebounded rapidly and oscillates widely in the near future.

While Zheng cotton fluctuated sharply, some low rise water resources were gradually traded at a price point, while the high rise water resources were difficult to deal with.

The wide vibration field causes a series of chain reactions in the market, mainly in the following aspects:

First, market divergence has increased.

Zheng cotton is the market's "weathervane" and "barometer". Last week, Zheng cotton fell sharply, and the attitude of the bullish people changed from a "high valuation" to a cautious one.

Late last week, the market rebounded, especially on Monday, a substantial rebound in Zheng cotton, but also to some of the bulls will be confident.

On the 15 day, a Shandong friend called and talked about the current cotton situation. He said that Zheng cotton's recent or sharp rebound will bring favorable reactions to spot and national cotton reserves.

At present, there are two divergent views about bearish and bullish.

Second, there are few people in the State Reserve real estate.

Last week, the turnover rate of the national cotton mill has been low. The turnover rate of the five working days is 66.22%, 50.55%, 61.31%, 57.20% and 61.70% respectively. From the paction rate, the recent turnover rate is at a low level.

However, in the 5 working days, Xinchu cotton, the State Reserve, was basically sold, but fewer people were interested in the national storage and real estate cotton business.

Many manufacturers said they were affected by the great fluctuation of Zheng cotton.

By the collective boycott of the storage enterprises, the fare increase was maintained at around 200 yuan / ton, while the increase in the State Reserve Xinjiang cotton price was above 800 yuan / ton.

Third, high quality cotton has a strong wait-and-see sentiment.

Although warehouse receipt cotton because

The reasons for the consistency and difficulty in settling claims are not valued by textile enterprises. However, the recent fluctuations in Zheng cotton have made up the quality cotton spot that has been rising for some time.

15, Hebei, Shandong and other places "double 28", "double 29" state store Xinjiang cotton price in 16400-16500 yuan / ton, remained stable during the week; and real cotton spot 3128 level price remained at 15500-15600 yuan / ton, remained stable.

According to some traders feedback, due to the sharp decline of Zheng cotton, the spot market has obviously been unable to sell. Even with some previous orders, the downstream manufacturers have not been active in the delivery of goods.

The market is expected that if Zheng cotton fell below 15000 yuan / ton mark (1705 contract in recent months), then spot will probably fall together.

But if Zheng cotton continues to make a breakthrough, the spot will continue to rise.

Some textile enterprises began to pay attention to warehouse cotton.

In view of the current situation, the price advantage of warehouse receipt cotton has been very obvious, and some textile mills have already opened to the warehouse.

With more than 240 thousand tons of large warehouse receipts, once a large amount of warehouse cotton is turned over, it will bring more pressure to the stock market. At the same time, Zheng cotton will rebound.

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