Zhengzhou cotton futures September 29 declines have intensified, the main contract opened 1205 20280 yuan/ton, midday at 20080 yuan, a 28 settlement price fell 420 yuan.

Recently the macro environment factors leading commodity situation, commodity general fall. 29 zheng cotton, each contract not abandoning a change after opening, watching the market down to continue oscillation atmosphere is strong. Graphics, zheng cotton in systemic risk influence, speed increase, the main fall 1205 weeks line break down, has appeared a macro environment and no better sign, zheng cotton still need to be on guard against systemic risk. Operation, the single low gradually left empty, as far as possible before leave no single advisable.

According to understand China's recent consignment, free trade zone, the increased number of cotton textile mill choice but broader. But because of the price the endurance of the textile limited, the actual transaction is not much. In addition, National Day later, with the domestic ShangShiLiang showed the increase gradually, and the cotton sales will face resistance.

On September 28, the global commodity markets Europe debt crisis LaXiaShui again, including grain prices sharply, under the influence of ICE, a small cotton, the Yin pared their rise, on Monday ZhongPan at 99.53 cents/pounds. In view of the external market is sluggish, investors reluctant to warehouse in the futures market. In addition, the market focus 29, issued by the USDA American cotton export material for the inspection of market demand, and if American cotton contract is canceled, will MianJia trend of adverse.

Indicate the source "Chinese textile nets"

Author: HuDongLin editor: Emma