Shanghai Copper And Cotton Leads The Way Of Reappearance Of The End Of The Year

Due to the recent release of a number of economic data are better than market expectations, commodities rebounded sharply last week to start the end of the year market.

Last week, 22 of the three major futures exchanges in China.

Zheng Xinran, an analyst at Guan Tong futures, said that New York crude oil futures reached a new high of two years. Crude oil futures rose 6.5% last week, and has risen for two consecutive weeks.

The nonferrous metal market rebounded sharply from the bottom last week. Shanghai copper rose nearly 7%, leading to the nonferrous metal sector.

Zheng Xinran said that the fundamentals of copper are strong.

At the same time, prices of agricultural products continued to decline after last week, all varieties rebounded across the board.

Among them, cotton rose substantially by more than 9%; wheat, corn, early indica rice and other closely related varieties of people's livelihood rose more moderate.

Zheng Xinran analysis shows that the recent international stock market and commodity market generally recovered, but the measures of domestic price regulation are still advancing steadily, and the commodities have been sorted and sorted out.

At present, Zheng cotton does not have the condition of continuous rise, and investors can set up an empty list at high prices.

Shanghai copper is concerned about the 66000 front-line pressure level. If this week fails to break through effectively, many single investors should reduce their positions appropriately.

Related stocks show Dunhuang seed industry leading cotton stocks

Datong securities analyst Hu Xiaohui believes last week