Chinese Palm Oil Bullish
January 14 2021 08:58:59 Nanhua Futures (Linda)
Palm oil: Palm oil and the macro are relatively close, and there is a short-term risk of a macro correction, but the overall direction is bullish.
Cotton: The U.S. Department of Agriculture report released yesterday made the U.S. cotton soar, which has a stimulating effect on domestic cotton. The demand for cotton is also relatively good, and it is generally bullish, but the rise will be more volatile, and it is recommended to do more in wet storage. As the economy recovers, it is expected to rise to 16,000 in the future.
Coke: Coke has risen too high before, and the release of new capacity is relatively obvious, so the trend is weak. Coke is the most suitable variety in the black series.
Aluminum: After the Spring Festival, there will be demand for aluminum alloy doors and windows. The current inventory cycle has led to a decline in aluminum prices. It is recommended to stabilize and do more after the Spring Festival.
Soda ash: Soda ash is used to make glass. Glass is currently in the off-season, which has affected the demand for soda ash. Soda ash is a variety that can be short-positioned, and the down profit price can be referred to around 1200.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-18 SunSirs: Daily Report of China Commodity Data (April 18, 2024)
- 2024-04-18 SunSirs: Multiple Bearish Factors Intertwined, China Palm Oil Market is Oscillating and Falling
- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
- 2024-04-10 SunSirs: China Soybean Oil Market and Palm Oil Market Declined after the Qingming Festival
- 2024-03-25 SunSirs: Futures Market Boosting, China Soybean Oil and Palm Oil Market are Rising
