In The Zhengzhou Cotton Market, The Air Atmosphere Is Thicker &Nbsp, And The Adjustment Material Will Continue.

Overnight, because of US president's day,

On the news, the latest forecast of the National Weather Service shows that in the 3-5 half of this year, the dry heat weather will occur in half of the cotton producing areas in the southern part of the United States, and the total rainfall will be below average.

Among them, the temperature of all cotton regions in the southern part of Texas and half of the western cotton region and New Mexico Prefecture will be higher than the normal level (the cotton planting area in the above area accounts for nearly 30% of the total cotton planting area in the United States).

At present, drought has occurred in most cotton fields in the southern part of the United States. It is expected that the late weather will not be conducive to the germination and early growth of cotton plants. The yield of cotton (32645, -5.00, -0.02%) may be reduced and the total output will be threatened.

The international market was affected by the weakening of the cotton market in the recent period. The price of China's main port of imported cotton fell sharply. Most varieties fell by about 7 cents, while the Central Asian cotton fell by more than 9 cents.

Since the Spring Festival, the price of imported cotton has soared and become a "castle in the air". After this fall, it is still far higher than the domestic level, especially the spot price of Xinjiang cotton.

In addition, although the fundamentals still have strong support, at present, the domestic and foreign futures markets have been linked up, and the market will not be excluded once again.

In the domestic market, domestic cotton spot prices rose slightly, and the rally was slower than the previous few days. Under the influence of the central bank's raise of the deposit reserve ratio, Zheng cotton reproduced a deep adjustment, and the market mentality changed slightly. However, the spot quotation was strong overall, but some cotton enterprises were reluctant to sell their mentality and began to sell at a small price. After the Lantern Festival, textile enterprises began to normal production, and the enthusiasm for raw materials enquiries had picked up, but the actual turnover was still weak.

Spot quotes, February 21st, USA

Market analysis, yesterday, Zheng cotton market to see the atmosphere is thicker, the price fell sharply.

Despite the strong momentum of the surrounding market, it still takes time to gather more popularity. We believe that the adjustment will continue, and Zheng cotton 09 will support 30800.

1111 below the contract, support 27500.

Operation suggestion, wait and see.