The International Cotton Market Is Optimistic About China's Demand.

　　 In November 4th, the decision of the Fed's quantitative easing led to weaker dollar and stimulus. commodity price The whole line has gone up, including metals, energy, Agriculture products And soft goods. Many people in the industry believe that the market has already formed a bubble. Speculator They are still hyping the market.

On the same day, China's national development and Reform Commission revealed that this year's cotton planting area will be reduced by 1 million mu, and cotton production will be reduced by 5%, which is higher than that of the market for USDA1.6%. In the US cotton sales report released later in USDA, last week, US cotton net sales volume to China accounted for 59% of the total contract volume, which exceeded the market share of the US cotton export to China last year.

The technical figures of the day before yesterday showed that the market had not yet reached the top and there was no sign of any reversal. On the same day, 2010/11 futures contracts for ICE futures rose by at least 445 points, hitting the daily limit before the end of the December contract. At present, the cotton price trend has exceeded the reasonable range of various technical indicators, so it is difficult to determine whether cotton price will rise from the technical figures, but if the market is adjusted, it will be more conducive to the continued strengthening of cotton prices.