Cotton Is Rushing Again To Pay Attention To The Sustainability Of The Rise.

Today, Zheng cotton 1205 contract volume rises.

Opened at 20675, the highest 20875, the lowest 20660, closed at 20820, up 140 points or 0.68% compared with the previous trading day.

In the spot market, in December 27th, China's cotton price index (328) was 19159 yuan / ton, up 3 yuan / ton.

December 26th

Domestic, cotton spot prices in recent years began to stabilize, downstream cotton business began to look after the market.

Previously, the Ministry of Finance adjusted the import tariff rate formula of cotton.

According to the new formula, the tariff of imported 50.2-100.16 price will be higher than the previous calculation method, which is more than 500 yuan / ton.

Therefore, cotton prices began to rise.

But the downstream paction is still not active, the volume has not been enlarged, the spot price is still low, which also limits the rise of cotton prices.

Overall, the purchase and storage of State Reserve changed the balance sheet of domestic supply and demand, absorbed a large number of surplus cotton and lifted domestic cotton prices.

In spite of the fact that the National Reserve has kept cotton prices and guaranteed farmers' interests, the domestic textile enterprises have to use high priced cotton to raise their cost.

Especially in recent years, domestic labor costs have increased. At present, the cost of raw materials is higher than that of foreign competitors, and the overall competitiveness is falling.

Under the weakening demand in Europe and the United States, the domestic textile enterprises are getting worse, and the demand for cotton is more flagging. Therefore, although domestic cotton enterprises are at a low level, but because of the accumulation of their products, they will not have a strong desire to replenish their banks, which will restrict the increase of domestic cotton prices.

Judging from the trend of the disk, Zheng cotton 1205 opened slightly higher today, then pulled up after opening, up to 20875, and then began to narrow in the high position, and the position increased.

After 20800 consecutive failures, cotton has been adjusted sideways. Today, the volume is rising again. It is expected to break through the pressure of the previous stage.

If you can put it on 20800, you can try to light the warehouse.