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Zheng Mian: Recently, He Has Gone Up Sharply.

2011/2/4 18:26:00 78

Zheng Mian

Zhengzhou cotton futures rose sharply on Tuesday (February 1st). The main 1109 contract opened at 33000 yuan / ton, closing at 33725 yuan, up 1080 yuan compared with January 31st settlement price, or up to 3.31%.


In February 1st, Zheng cotton went higher and higher. According to the latest situation of China Cotton Association, the domestic textile investment and exports continued to grow in 2010, and domestic demand for cotton remained strong.

According to past years, before and after the Spring Festival

Spinning enterprises

During the period of massive replenishment, the domestic cotton gap has been further highlighted. Cotton spot prices and futures are also rising at the same time.

At the same time, it is understood that the international supply of cotton is also very tight.

China still needs to import large quantities of cotton in the new year. Cotton prices are expected to continue to rise after the Spring Festival.


In the spot market, domestic cotton spot prices continued to be strong, but as the festival approached,

market

The deal turned pale.

The main reason for the sharp rise in spot prices is that enterprises are worried that the cotton purchase will not only be high in price but also difficult to arrive in the future. Besides, the sale of cotton in the United States is good.

Internal and external market

There is a suspicion of monopolization. Secondly, it is rumoured that the United States has exerted an influence on India, and India cotton exports have stopped and given their textile export quotas.


Therefore, under the expected impact of the whole environment, cotton prices continue to be pushed up.

In addition, Xinjiang cotton is still being purchased in large quantities today, so the sales are basically smooth.

And real estate cotton has also been signed by the end of the year, and most of the delivery will be postponed to the next year.

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