The Whole Market Was Back In Early &Nbsp, And Cotton Fell Heavily.
Affected by the overall decline in the international market overnight, the 12 day domestic commodity futures fell as a whole, with Cotton falling deeper and only gold and ribbed steel turning red.
European debt storm swept Greece, Ireland, Portugal and other countries, intending to bring the third largest euro zone Italy into the capsule.
As Europe's sovereign debt crisis further spread to other countries in the euro zone, the euro's confidence collapsed. In addition, investors were buying gold on the 11 day because of the risk aversion of the market, and the international gold price soared. However, because of the pessimism surrounding the future economic expectations, the demand for crude oil would be reduced, leading to the fall in international oil prices on the same day, and other commodity raw material futures also went down.
Central bank announced the first half of 2011 financial statistics report, the first half of the year
RMB
Deposits increased by 7 trillion and 340 billion yuan and foreign currency deposits increased by US $30 billion 700 million.
At the end of 6, the balance of foreign currency deposits was 80 trillion and 300 billion yuan, an increase of 17.5% over the same period last year.
RMB deposits balance of 78 trillion and 640 billion yuan, an increase of 17.6% over the previous year, 0.5 percentage points higher than the end of last month, 2.6 percentage points lower than the end of last year.
RMB deposits increased by 7 trillion and 340 billion yuan in the first half, up less than 184 billion 600 million yuan from the same period last year.
Cotton has continued to decline in recent years, and spot quotes have fallen into the reasonable range of the industry.
However, the price of cotton yarn and grey fabric continues to decline in the recent cotton market, and volume remains stable.
At present, textile enterprises are still facing difficulties in inventory backlog, and price promotions have not improved the situation significantly.
The pressure of funds and tight monetary policy have led to the prevalence of private lending. However, high interest rates and poor sales have led many small and medium-sized enterprises to enter a desperate situation.
According to market participants, many enterprises have gone through the cancellation procedures every day, and the textile enterprises that have shut down or even closed down may have reached a higher proportion.
Dalian soybean oil futures were weak in early trading.
The main contract 1205 opened 10184 yuan / ton, closing 10152 yuan / ton, down 66 yuan / ton.
Overnight soybean oil and crude oil fell, dragging down today's soybean oil concussion.
The US Department of Agriculture announced the supply and demand report in June and the market is cautious.
At present, the soybean port inventory has also reached the super record, which has formed a certain suppression on the price, but it has been digested because of the early decline.
Soybean oil is expected to remain weak and volatile in the near future, waiting for effective direction.
Corn futures were down in early trading.
The main 1201 contract opened at 2285 yuan / ton, closing price 2270 yuan / ton, down 23 yuan / ton.
The United States corn showed a pattern of ups and downs every night. Even today, corn continues to be vulnerable. The pressure on the 2300 integer pass is still stronger.
At present, there is not much news on the stock market. It is expected that even corn will remain weak in the near 2300 line.
Shanghai copper early morning shock down.
The main contract 1109 opened at 71260 yuan / ton, closing to 71160 yuan / ton, down 530 yuan / ton.
Overnight, Lun copper again lowered, the two consecutive day of decline, so that the rise in the short term really come to an end.
European debt
The crisis or the spread of concerns, triggering market risk demand, led to a sharp rise in the US dollar.
China's rising inflation and unexpectedly weak U. S. non farm payrolls data are also bad for copper prices. However, the tight supply of copper mines now provides some support.
It is expected that the Shanghai copper will launch an interval shock in the near future, and we need to be alert to the existence of systemic risks such as the European debt problem.
Phase aluminum early open low adjustment.
The main contract 1109 opened at 17270 yuan / ton, closing at 17265 yuan / ton, down 95 yuan / ton.
Overnight, Lun aluminum plummeted again, now breaking below 2500 U.S. dollars, rising by worries about the European debt crisis, and Chinese Premier Wen Jiabao's speech on stabilizing prices has also cooled the speculative atmosphere.
Shanghai aluminum is expected to remain at a stage of concussion in the short term.
Shanghai rubber futures continued to weaken in early trading.
The main contract 1201 opened 33635 yuan / ton, closing 33710 yuan / ton, down 300 yuan.
Overnight crude oil pressure fell, the trend of daily rubber is weak, Shanghai Rubber continues to fall.
The market's confidence in the US economic outlook is obviously insufficient, and the European debt crisis is going on, and China's price inflation is too high. It will also affect China's monetary policy, which is unfavorable to the trend of rubber industry.
However, the policy direction of the auto industry is still favorable to demand, with a limited decrease.
It is expected that the probability of continued weakening of Shanghai rubber will be greater in the near future.
Fuel oil futures continued to be weak in early trading.
The main contract 1109 opened 4967 yuan / ton, closing 4966 yuan / ton, down 9 yuan / ton.
Amid the European debt crisis and worries about China's demand, crude oil continued to slide overnight.
Although domestic fuel oil
Goods in stock
The market has stabilised, but in the absence of enthusiasm for market participation, Shanghai's fuel consumption is relatively limited.
At present, the amount of capital participation is small, and the market is still in wait-and-see state.
Fuel oil in the near future is expected to continue to maintain a narrow trend in the near future.
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