Cotton Futures Volume And Price Rise In Zhengzhou Mercantile Exchange

In February 28th, cotton futures volume and price rose on the Zhengzhou Mercantile Exchange, leading to the domestic futures market, which ended at 32435 yuan per ton, or 7.01%.

Market participants pointed out that

Jinshi futures analyst Yang Guoqi also pointed out in the report that textile enterprises have the desire to purchase recently.

Zheng cotton main contract is expected to end in the near future, and will continue to pursue new heights.

In the interview with the international finance news reporter, Shanghai mid-term analyst pointed out that after the Spring Festival resumed, the demand for the replenishment bank continued to rise, and the spot price of cotton was strong, which supported the futures price rising.

The US Department of agriculture predicts that China's cotton imports will increase by 20% in 2011/2012, which may further push up the already high cotton prices.

China will account for 40% of the world's cotton trade in 2012, and its buying behavior may push up the price of clothing.

Analysts also believe that Zheng cotton futures price is also driven by speculative capital.

"Some of the speculative funds are involved in the market, but not much."

See thunder, "at present,

At present, Zheng cotton's main contract has a relatively high position and is maintained at more than 300 thousand hands.

The strong price of Zheng cotton will remain in the short term.

It is pointed out that the commodity futures market is now in the late stage of the bull market.

He believes that although many countries have entered the interest rate cycle, such as China has begun to raise interest rates, to a certain extent, control the rise in commodity prices, but the United States monetary easing policy has not ended, the global abundant liquidity to a certain extent, to form a support for commodities.

Foreign market import inflationary pressure is still relatively large.

See thunder, pointing out that commodity futures are in the late stage of the bull market, although prices continue to rise, but the risk is also increasing, prices may turn down at any time.

In addition, domestic cotton prices are also affected by policy adjustment factors.

See thunder forecast: "Zheng cotton price will show a high range of shocks, the price range is expected to be between 30 thousand yuan and 35 thousand yuan per ton."