Rumors Of Cotton Subsidies Everywhere, Zheng Cotton To Maintain Short-Term Weakness

Recently, the market rumors, the mainland cotton subsidy price policy has been approved, waiting for the document issued.

Influenced by rumors, Zheng cotton collectively went down today.

Analysts believe that in the short term,

Still will maintain the weak shock, the near strong and far weak pattern remains.

Liu Shangqing, an analyst with Guotai Junan Futures, said that the news of the mainland subsidy had a certain pressure on cotton. At present, the futures market has already reflected the negative effect of cotton subsidies in the mainland.

Market rumors, the NDRC approved the Cotton Subsidy Scheme for 9 provinces in the mainland in October 31st, and the subsidy amount was 1500-3000 yuan / ton.

In response to this news, people close to the NDRC told the great wisdom news agency that the detailed rules and regulations on cotton subsidies in the mainland have not yet been issued, and the specific price is not yet fully determined.

At present, the attitude of each province tends to be subsidized by area.

At present,

The amount of seed cotton picked has reached 80%.

Recently, Xinjiang encountered Snowstorm Weather to prevent cotton resurgence and cotton farmers' enthusiasm for sale.

With the increase of the quantity of cotton sold, cotton enterprises purchase cautiously and strictly control the quality of cotton.

According to China cotton information network data, in November 3rd, the purchase price of white cotton grade 3 seed cotton was 6.20--6.30 yuan / kg, the lint percentage was 40%, and the moisture regain was 10%, which was the same as that of the previous day.

The number of daily acquisitions has declined.

At present, futures and spot prices remain.

With the exception of next March, there will still be support for the recent price.

For the latter market, she pointed out that cotton will maintain a near strong, far and weak pattern.

For 1501, 14000 yuan / ton is still a gateway.

Cotton will remain weak in the short term.