Afternoon Review: Industrial Products Fall, Cotton Intraday Paction

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On Thursday, futures market fell, and industrial products fell.

Shanghai copper (59820, -670.00, -1.11%), Shanghai zinc (15420, -170.00, -1.09%), gold, rubber (27895, -440.00, -1.55%) fell half day decline is over 1%, chemical varieties fell across the board.

Yesterday's high level of consolidation of bean oil varieties continue to shock.

Cotton (21265, -25.00, -0.12%) changed early in the morning. The opening began to drop soon and then pulled straight up. After a concussion, it fell straight and fell 0.12% in half day.

The global market fell last night, and China's economic data again brought pessimism. Crude oil, gold and London Metals all fell sharply, only ICE cotton rose.

Analysts say speculative capital pushes cotton up, and China's demand and planting area become another topic.

The rise of cotton on the outside plate had an impact on Zheng cotton, and it quickly dropped after it pulled up rapidly.

Dong Shuangwei, a leading futures analyst, said that from the general direction, Zheng cotton's ups and downs were both difficult, and the uncertainty behind the policy was very large.

Market operation is more difficult, more volatile decline or rebound.

In the direction of cotton operation, we should buy cotton and cotton (Yuan Yue) and carry out the combination of air and cotton (near month). For the domestic market alone, we need to follow the change of policy nodes in the future and carry out band operation.

Besides the policy, concerns should be paid to the operation of downstream textile enterprises, the regression of cotton price difference inside and outside, and the change of planting intention in the northern hemisphere.