Why cotton before the tide of funds calm www.19ttt.com

Why cotton before the tide of funds calm? Want you We! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! Original title: why cotton before the tide of funds calm? In fact, the recent domestic cotton price trend, the overall view is still not out of the big logical framework I had article points out, a new year is not early large unilateral market, rangebound; two is to have the possibility of rising prices, fell more than, and the possible time point at the start of the two quarter. And what is the reason? From the author’s point of view, mainly because in the fourth quarter and the first quarter of next year, due to the absence of the policy, in fact, the contradiction between supply and demand in the market is difficult to have too much attention. Make a rough that is fundamental to the qualitative evaluation, from the current perspective, whether it is the so-called yield 4 million 300 thousand tons or 4 million 500 thousand tons, plus the beginning of the textile enterprises itself inventory and business inventories, the actual supply of at least 5 million 500 thousand tons or more, and if the cast storage no accident at the start of March, then according to 9-2 in a total of 6 months, the average monthly supply of 900 thousand tons, and this is not on imports, but in fact even with last year’s situation, the total consumption is around 7 million 500 thousand tons, is the monthly consumption of 625 thousand tons, far oversupply, and from the recent situation of downstream. September and October is not busy season, November is about to enter the off-season, so from the supply pattern, not fried fried, it is difficult to have a big rally. So back to the current situation, what is the main reason for the rise? From the macro environment point of view, nothing but lies in the huge pressure of RMB devaluation, coupled with the relatively cheap price of goods, market regulation after domestic hot money, so the goods rose overall, but the brutal logic, a trend which cannot be halted. But from the overall view of the differentiation of commodity funds, hunting is not completely regardless of the fundamentals, after all, like PTA was crushed by the poor processing varieties, although also spent a lot of effort, once Masukura 600 thousand hand hard work, but he was not able to smoothly push up prices, but more twists and turns. So still have to look at the fundamentals, fundamentals strong, then the strong constant strong, weak fundamentals, in the face of the tide of funds will rise, but once the logic of weakening, its rise has become very twists and turns. While cotton after rising on the surface of the basic reason, the previous article also summed up the main, is listed on the progress of the slow and the cotton ginning factory in soaring prices, in addition to the futures rose more push up the expected formation of short linkage. But with the increasing amount of agricultural seed market and issue credit limit, the Corps pricing, for the price of the actual negative expectations began to materialize, so before a brief rise this logic weakening. Before the price at 15500 nearby, the author also mentioned in suspense the fundamentals of the problem is that in the end is not the final price of cotton upstream Kangzhu began to decline? Or downstream textile mills have to accept high inventory depletion? theory相关的主题文章: