ShenYinWangGuo Futuros: O preço principal do algodão de Zheng atingiu uma nova alta, prevendo-se que a oferta de algodão este ano seja relativamente apertada

Zheng Mian principal overnight reaches a new high again, with the price center moving upward.
In the medium to long term, the expectation of reduced production in the new year provides some support to the market, with increased consumption and the carry-over inventory from last year at a low level, making supply relatively tight this year.
Meanwhile, considering that policy expectations for planting area are being adjusted, attention is paid to the state of stock releases.
In the short term, domestic market sentiment is high, external valuation is recovering, and the driving force remains, with domestic spinning companies and weaving mills reducing raw material inventories, combined with a positive market sentiment, Zheng Mian’s trend is relatively strong, paying attention to resistance levels above.
(Shenwan Hongyuan Futures)