After the Spring Festival holiday, affected by multiple positive factors such as macroeconomics, the commodity market ushered in a wave of rising prices. Zheng cotton and cotton yarn also rose sharply in this wave of prices. Analyzing the reasons for the rise in Zheng cotton and cotton yarn, an industry insider believes that Zheng cotton has risen to about 16,500 yuan/ton, which is the highest point in the past three years. Although there is upward pressure at the current point, it does not have the power to fall sharply.
The world is currently in a period of economic recovery. As the number of people vaccinated increases, the number of epidemics at home and abroad continues to decrease. The US$1.9 trillion fiscal stimulus plan promoted by the US President after taking office continues to push up the commodity market. As of now, the US ICE futures 5 contract has reached 92.57 cents/pound, an increase of about 7.3 cents/pound compared with before the holiday. The Zheng cotton futures 05 contract has increased by more than 1,000 yuan/ton compared with before the holiday. Investment enthusiasm in cotton markets at home and abroad has further increased.
However, there are still many uncertain factors as to whether cotton can maintain its upward momentum in the future. For example, the sustainability of vaccination, future virus mutation trends and whether downstream companies can accept the continued rise in cotton prices will all have an impact on cotton price trends. Influence. Market analysts predict that based on the current market operating environment, economic recovery will be the main tone of the global economy this year. Against the background of economic growth, Zheng Mian will face short-term pressure but will not change its long-term upward trend. </p
