Recent domestic market rumors
-
Last Update: 2008-11-03
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: it is said that the recent weakening of wheat market price is mainly due to the fact that the work of State Reserve wheat rotation and delivery will be carried out successively thereafter, which has greatly hit the market optimism, and the slow progress of wheat delivery from some major regions has also increased the market bearish expectation Zhengmai futures market has news that wheat futures varieties will follow the trend next week due to the sharp drop in cotton prices It is said that there are large-scale crushing enterprises in Guangdong who are forced to stop production due to lack of working capital Industry insiders believe that this is the inevitable result of blind development of the crushing industry in recent years, while there are quite a number of similar enterprises in the industry that are in business difficulties due to the loss of Bank assistance In addition, a large number of enterprises in the Northeast soybean production area stopped soybean purchase, mainly due to transportation problems However, there is still no plan to reduce the long position of funds in the external market, which makes the domestic spot merchants more nervous, and many domestic funds begin to enter the futures market to participate in hedging transactions For next week's trend, there are still a lot of market adjustment expectations, most of which are still overbought in technical aspects.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
