The downstream is still under the sluggish analysis of cotton trends

Storage and storage entered the countdown. The new year's storage and storage of 20,400 dust settled. New cotton imports, Indian cotton accounted for 40%, Indian cotton ban was short-lived, US cotton export net contract increased by 48.69% compared to last week, USDA supply and demand report bad global consumption cut The increase in inventory, yarn theoretical profit (1395 yuan / ton) and profit margin (5.58%) were unchanged from last week.

(1) A cotton processing trade enterprise has already made a sale of insurance. In the previous period, the company has already done a period of hedging business 60 averages have broken recommendations empty list continues to hold, so far has not done to sell the company, because the fundamentals downstream weakness is still not for the sale of insurance companies to warn that the risk of continued decline in the Preserve value.

(2) The textile companies have recently taken a downtrend in the form of Zheng Cotton or a weak shock, and textile companies continue to wait and see as the buying and using period continues.

(3) Speculators. For long-term speculators, the bullish trend has been undermined, but it is expected that the decline will be limited in the short term, and wait for opportunities to enter the market.