The Trend Of The Rise And Fall Of Zheng Cotton Will Be Gradually Clear

In February 22nd, in the seventh round of consultations between China and the United States, according to the release of foreign media, the United States and China have begun to work out an outline of commitments on the most intractable issues in trade disputes, which is a major breakthrough in the seven months since the start of the trade war.

Thanks to this news, the US cotton ICE has risen sharply, and Zheng cotton has also been following the good news of the trade negotiations.

Today, Zheng cotton has increased sharply again, and the fund has been involved in the obvious. Some investors have pointed out: "as long as the volume of the warehouse is not reduced, it is expected to go up again, and the price will rise to a new level in the future."

Throughout the past two months, Zheng cotton has been bottling up and shaking. As long as China US trade has shown signs of positive results, prices have responded immediately.

It can be seen that the disk is ready to rush ahead, and the driving force is more abundant, just slightly underdue.

A professional said that last year, if it was not affected by the Sino US trade war, cotton prices would probably reach or break through the 20000 yuan / tonne pass.

Overall, the disk is always eager to try, a little bit of trouble, the price will change significantly, the main reason is that the market bulls think market spot data support cotton prices rise.

From the global balance of supply and demand, the global cotton supply and demand pattern has been in the 5 consecutive year from 10/11. The inventory accumulation stage of oversupply has changed from 15/16 to demand gap, and has entered the inventory cycle, and the inventory consumption ratio has decreased year by year.

A trader said, "in the long run, the market is faced with tight supply and demand.

At present, the biggest disadvantage of the disk is the amount of warehouse receipts. Once the price rises to a certain height, a large number of hedging plates will appear. This will inevitably play a great role in suppressing the disk, and there is still much doubt whether the funds can survive.

And now pull up, there is also pressure on multi funds.

If we can change the space with time in the future, with the help of the weather factors of cotton growing season, it will undoubtedly play a better role in lifting the disk. Therefore, from time to time, it will be relatively early.

But today, there will be a big response to such a large number of additional positions. The truth of the ups and downs may be clear next week.