Market Dynamics: The Domestic And Foreign Markets Of Cotton By The United States Have Reached A New High At The Same Time

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American cotton is constantly reaching new highs, and ice07's main contract price is about to hit 150 cents / pound. Affected by this, the main contract price of zhengmian cf2209 has also reached a new high of 21835 yuan / ton. Both internal and external prices have reached new highs at the same time,

There are only two reasons for the price rise of Zhengzhou cotton in China. With the support of domestic spot price and American cotton price, especially without the support of American cotton, the current domestic fundamentals can not support the continuous rise of Zhengzhou cotton. American cotton performance is strong, analysis that is very good sales, coupled with ice disk funds on the empty operation, resulting in ice can continue to rise sharply. At that time, most of the short positions and sales figures of Nai Mei were worth looking at.

The trend of American cotton has come out, and has broken the front height. It is expected that the upper space has opened and the upward kinetic energy will be further stimulated.

From the financial market point of view, there is no sign of the end of the ice bull short. Even if the short squeeze is completed in July, bulls may continue to switch to the December contract. The question is when can it be completely ended or reversed.

In 2021, China's domestic textile market has been plagued by the rapid growth of domestic orders and domestic demand. At that time, the spinning profit of domestic textile enterprises was at a historical high, which stimulated the textile enterprises to actively expand the production scale, and the demand for cotton increased significantly.

In a word, the resonance of external and domestic demand made Zheng Mian stand at a high position of more than 20000 yuan. Now it is the turn of foreign performance. It can be said that Feng Shui turns around.