Cotton Will Continue To Go Down &Nbsp; After Standing Thirty-Two Thousand, There Will Be More.

February 22nd, the national cotton trading market, commercial cotton electronic matching.

The majority of contracts were still open on the same day, and the intraday market rebounded once again, but after that, the average price of the contracts fell sharply. The main MA1105 contract closed at 31760 yuan, down 951 yuan. In recent months, the MA1103 contract closed at 31270 yuan, or 1137 yuan; the lowest price in the contract was 31200 yuan for the MA1103 contract, the highest price was 33000 yuan for the MA1107 contract, and the volume of turnover increased, and the order volume continued to decrease.

Today's matching has the following characteristics: first, the volume of trading has increased to 25 thousand tons, and the main contract MA1105 has been trading more than ten thousand tons, which is still the focus of the paction. The new contract MA1108 has only reached 100 tons, and the market has seen more about the far month market. Two, the order quantity has been slightly reduced, only the main MA1105 and the new contract MA1108 have increased, and the rest of the contracts have been reduced by different margin. Three, the average monthly contract price of MA has been dropping all the time, of which the average price of MA1103 contract has fallen 770 yuan / ton to 31700 yuan / ton in recent months, the largest contract for today's decline, the other contract average price fell by 468-653 yuan, and the new contract MA1108 is in the first place of the contract with an average price of 32360 yuan / ton.

As of February 21st, the national cotton trading market

[related information] in February 22nd, China's cotton price index rose 45 yuan to 30371 yuan / ton; in February 22nd, the middle price of the US dollar exchange rate in the inter-bank foreign exchange market was RMB 1 yuan to RMB 6.5772 yuan.