Zheng Cotton Goes Its Own Way &Nbsp; Lazy Beauty Cotton.
Cotton futures on Intercontinental Exchange (ICE) closed down on Wednesday, triggering a 5 cent limit limit, which was tied to profit making and clearing after investors hit a record high yesterday. Analysts believe that the cotton market may follow up selling pressure before Christmas holiday.
Index ICE-3 months
Stage cotton
The contract CTH1 dropped 5 cents and triggered a limit of 1.5412 dollars per pound. The cotton market closed down on the first two days and triggered a limit on Wednesday. The cotton performance reminiscent of the market trend in November 10th.
[GF]
Yesterday, the Zhengzhou Mercantile Exchange May cotton contract CCFK1 fell 1135 yuan, and finally reported 27640 yuan per ton.
Domestic cotton spot index continued to maintain a small daily increase.
Representing the country
Cotton spot
The A index of grade 229 cotton is 28383 yuan, representing the 328 level B index of 27652 yuan.
The quotation for upland cotton is up, but the increase is shrinking, which is dragged down by the cold market in the domestic market.
The external market is tight for supply.
speculation
The enthusiasm and the domestic downstream market downturn and the cold shoulder of spot trading increased, the recent external activity is active, and the internal market has not responded, dragging the external market.
The main shock adjustment is today, but the space is not large.
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