National Development And Reform Commission (NDRC): The Amount Of Cotton Put In A Continuous Rise In Cotton Prices Can Be Adjusted

In view of recent domestic

In the afternoon of April 20th, the national development and Reform Commission called the relevant departments to study urgently. The meeting clearly stated that the current 2015/16 year

It is estimated that the 2 million tons will be able to meet the market demand. But if the market demand increases and the supply gap comes up before the new cotton market comes up, the amount of cotton reserves in 2015/16 will continue to increase on the basis of the original 2 million tons.

At present, the preparatory work of the cotton reserves is orderly, ensuring the daily delivery of 30 thousand tons and the progress of the warehouse.

Cotton, domestic cotton synchronous wheel out.

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Recently, cotton futures are definitely the focus of the futures market.

In most of the last 9 trading days, most of the contracts in Zheng cotton have been trading on 5 occasions. The main CF609 closed at 13355 yuan / ton as of April 21st, up 810 points from the previous day, or 6.46%, and the price has returned to the level of early May.

The price rise of this round of price rises faster than that of most people.

Yesterday afternoon, the NDRC made it clear that the amount of reserve cotton in 2015/2016 will ensure market demand. In the case of market demand, the amount of input can be increased on the basis of the original 2 million tons.

At the same time, it is clear that the progress of the Treasury will not be affected by the progress of the public inspection, so as to ensure the daily output of 30 thousand tons.

As soon as the news came out, there was an analysis of the time when the analysts came out to see that the cotton was peaked.

Last night, Zheng cotton all opened low, it seems that people can see the possibility of a price callback, but with the increase in volume and volume, the price quickly resumed inflation. The main CF609 maintained high oscillation throughout the day, close to the trading limit, and other contracts also extended the previous broad trend.

According to insiders, the possibility of foreign capital flowing into the futures market is relatively large in the wake of the recent fluctuation in the futures market.

At present, the cotton market funds are leading the rise and fall of cotton prices.

More importantly, the simultaneous strength of agricultural products and industrial products may indicate that inflation has already started. This year's ultra developed RMB is entering the commodity market to maintain its value. For example, the price of domestic ferrous metals can rise and fall overnight and may continue to be a letter.

Cotton prices are particularly strong in the current round of rising agricultural products.

Affected by the wheel storage policy landing and the stage replenishment of textile enterprises, Zheng cotton 1609 contracts rose 4 points in just 9 trading days, rising nearly 3000 points, or around 25%.

As of recently, the national cotton price index A (CNCottonA) continued to rise 49 yuan to 12528 yuan / ton, the national cotton price B index (CNCottonB) rose 100 points to 12138 yuan / ton, the spot market cotton prices generally increased.

There is a possibility of a rise in support price brought by fundamentals, but such a huge increase is far from the basic analysis.

From the point of view of operation and capital, the market is completely in the bull market.

At this time, it is suggested that investors pay close attention to fundamentals and capital movements, and continue to soar in the period of price rise, and be cautious of catching up to avoid any risk of callbacks at any time.