Home >

The Market Has Stepped In The Wrong Place.

2011/5/6 11:45:00 39

Market Cotton

 

Yesterday, the domestic commodity futures market weakened, and many commodities began to jump low and continue to go down.

Metal

futures

And energy and chemical industry fell across the board, stock index futures contracts fell 4, most of the decline in agricultural products, Zheng cotton fell nearly 6%.


As of yesterday's close, Zheng cotton 1109 contract reported 24640 yuan, down 5.9%.

The Shanghai lead 1109 contract was 16715 yuan, down 4.49%; PTA1109 contract reported 9872 yuan, down 3.39%; three before the separation.

Stock index, because the Shanghai and Shenzhen 300 index fell 2.91 points, futures market also continued yesterday's decline.

Among them, the main contract IF1105 fell 12.4 points, or 0.4%, while IF1106, IF1109 and IF1112 fell 12.8 points, 17 points and 11.8 points respectively.


The worst part of yesterday

Cotton futures

The price is down to a limit.

Zheng cotton

1109 the contract opened at 25380 yuan, the highest 25455 yuan, the lowest 24600 yuan, closed at 24640 yuan, or nearly 6%.

The industry believes that the domestic cotton jumping and opening down and continuing to decline, on the one hand by the impact of the international macroeconomic environment, weak economic data in the United States to suppress the price of cotton futures, the United States cotton has a downward trend; on the other hand, cotton and textile demand is still weak, cotton is in a stage of excess supply.

From the recent Canton Fair situation, enterprises generally reflected that textile orders were reduced compared with last year, especially from the European Union. The main reason for this is that the increase in textile costs has led some buyers to switch to Southeast Asia.

In the domestic market, textile purchase and sale is still in the doldrums, and inventory backlog is more serious. At present, inventory stage is still being reduced, and some big factories are also constantly lowering the purchase price of cotton.

This will constitute a greater suppressing effect on the recent trend of Zheng cotton.


In addition, from the spot price of cotton, China's cotton price index (328) was 26460 yuan / ton, down 137 yuan / ton.

Yesterday, the largest textile enterprises in China lowered the purchase price of cotton again, and the 3 class cotton receiving price was reduced by 1000 yuan / ton.

  • Related reading

Zheng Cotton Is Expected To Rebound &Nbsp.

Industry stock market
|
2011/5/6 11:40:00
56

Strong Performance Fund "Get Together" Cotton Prices Continued To Decline Home Textile Stocks Steadily Upward

Industry stock market
|
2011/5/6 9:38:00
41

PTA'S Long And Medium Term Downward Trend Is Not Yet Completed.

Industry stock market
|
2011/5/5 16:00:00
61

Tighten The Bad Atmosphere &Nbsp; PTA Tested 10000 Points Support

Industry stock market
|
2011/5/5 15:56:00
49

Zhengzhou PTA Futures Closed Slightly In Early May 3Rd

Industry stock market
|
2011/5/4 16:37:00
46
Read the next article

The Temperature Is Gradually Warming &Nbsp; Swimsuit Products Fall In Love With The "Hot" Economy.

Recently, after a few days of fine weather, the highest temperature was only 20 degrees Celsius. The young people in the street were wearing shirts and skirts, and the products related to "hot" were "hot" in advance. Swimsuits became one of the most popular hot products in shops. Some businesses also prepared ahead of schedule, launched a new swimsuit this summer, and put models on display to attract people to buy.