Interest Rate Increase Has A Limited Impact On &Nbsp; Zheng Cotton Has Risen.
Intercontinental Exchange (ICE) cotton (29075,25.00,0.09%) futures fell on Friday, as investors continued to sell, and China's largest cotton consumption country raised the deposit reserve ratio of financial institutions, which could cool down China's economic growth and suppress the country's cotton demand.
The cotton market will be closed next Monday due to the Martin Ruud Kim Memorial Day holiday. It will be reopened on Tuesday. India is expected.
Cotton export
The effect of a slight rise in level will be easily offset by the flood reduction in Australia cotton. India has approved exports of 5 million 500 thousand bales of cotton. In the next three weeks, the market will pay close attention to the planting survey published by the American Cotton Association. According to Reuters survey, it is expected that the planting area of cotton in the United States will be between 1240-1250 acres in 2011 and five years high, which is higher than that in 2010.
[GF]
yesterday
Zheng cotton
It seems to be a little stronger in all commodities, and contracts are generally popular at the end of the contract.
1109 end of the market rose 220 to 29040, reluctantly closed, the paction reduced to 477506 hands, holdings slightly reduced 460 to 233132 hands.
Domestic cotton spot index rose slowly.
Representing the country
Cotton spot
The A index of grade 229 cotton is 28626 yuan, representing the 328 level B index of 27882 yuan.
Zheng Mian's average line support is still good, and the fundamentals are tight.
Policy is the focus of attention, and monetary policy's minor tone seems to have limited impact at the moment.
Operation recommendations are mainly based on multiple locations and control positions.
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