In March 26Th, Zheng Cotton Rose Steadily In The Medium And Long Term.

Domestic cotton in the drag around the surrounding commodity callbacks have been reduced for two consecutive days of reduced callbacks, the main contract 907 yuan 12300 yuan / ton short term support fell, the third round of storage and acquisition is about to end, restricting the initiative of the market to buy.

But yesterday, the 907 contract began to increase positions, the purchase increased, the power of short pressure is not very strong, and the probability of directional purchase and storage of Xinjiang cotton is still very large.

For example, if the 907 contract can be renewed, it will continue to buy Zheng cotton on the top of 12300 yuan / ton, and the short-term target will reach 12600 yuan / ton. If the directional purchase and storage is verified, the 907 contract may eventually rise to 13000 yuan / ton.

Editor in chief: Xu Qiyun