Newsletter summary
The closing price of cotton futures CF2409 contract rose 1% on ThursdayCryptorelatedtogaming.07% to 15530 yuan / ton, short-term bullish; pig 2409 contract price fell 1.Cryptorelatedtogaming.17% to 18175 yuan / ton, it is recommended to sell high and absorb low; asphalt futures main contract BU2409 closed down 0.41% to 3669 yuan / ton, it is recommended to wait and see.
Text of news flash
[cotton futures prices rose] on ThursdayCryptorelatedtogamingIn the trading, the quotation of CF2409, the main contract for cotton futures, recorded 15530 yuan / ton, an increase of 165yuan / ton or 1.07% over the settlement price of the previous trading day.
The spot market of cotton shows a stable trend, accompanied by a slight rise, and the rising momentum of futures prices is relatively strong. Commercial inventories are gradually falling, and the market has shown some concern due to the recent frequent rains in the main producing countries of the northern hemisphere, which has led to a significant rise in US cotton prices and higher cotton prices in Zhengzhou. Judging from the position situation, among the top 20 futures company members recorded by the Exchange on May 23, the long position in the cotton 2409 contract was about 338800 hands, while the short position was about 393400 hands, the long position ratio was about 0.86, and the net long position was-54600 hands.
Comprehensive analysis of the current market situation, Zheng cotton prices are currently at a low level, although facing a certain upward momentum, cotton prices are still expected to run in a wide range of shocks in the short term.
In the trend point of view, it is suggested that investors should take interval operation as the main strategy.
[pig price volatility is weak] on Thursday, the 2409 contract price of live pigs showed a weak volatility, closing at 18175 yuan / ton, down 215 yuan / ton from the previous trading day, or 1.17%.
In the positions of the top 20 members of the exchange, the long position of the LH2409 contract is 41064 hands, while the short position is 45705 hands, and the long-short position ratio is 0.90.
Some enterprises have shown a strong enthusiasm in secondary fattening, coupled with the mentality of keeping the selling price of standard pigs at the breeding end, which supports the future price to a certain extent. However, the current upside-down pressure on the price difference of standard fertilizer still exists, coupled with the gradual hot weather, the demand for end-consumption appears to be weak, and the storage rate of frozen pork in slaughtering enterprises is still at a relatively high level, which may limit the room for rising pig prices. It is expected that pig prices will maintain a wide range of fluctuations in the short term.
In the trend point of view, investors are advised to sell high and suck low as the main strategy.
[asphalt price dropped slightly] on Thursday, the closing price of BU2409, the main asphalt futures contract, was 3669 yuan / ton, down 15 yuan / ton, or 0.41%, from the settlement price of the previous day.
According to the data of the Steel Federation, as of May 20, the domestic social inventory of asphalt was 827000 tons, a decrease of 9000 tons, or 1.08%, compared with the previous week.CryptorelatedtogamingWhile enterprise inventories stood at 842000 tons, an increase of 13000 tons, or 1.57%, over the previous week.
At present, both supply and demand in the asphalt market show a weak trend, and there is no significant change in the level of supply and demand. Although the short-term trend of crude oil shows a weak trend, the domestic macro mood is relatively optimistic, so it is expected that asphalt prices may carry out shock finishing in the short term.
From the trend point of view, investors are advised to maintain a wait-and-see attitude.
