Cotton In Reserve: Cotton Prices Will Continue To Cool Down Rapidly.

2010/11/23 14:32:00 37

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Cotton And Cotton Prices In The Central Store Will Continue To Cool Down Rapidly.

China's reserve cotton management company, on its official website in November 23, 2010, said that the recent policy control efforts continued to increase, monetary policy tightening expectations were strengthened, and commodities continued to face pressure.

Cotton prices drop rapidly

Returning to reason is expected to take place in the short term.

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Intermediate storage cotton

At present, with the intensive introduction of domestic regulation and control, the cotton futures and spot markets are showing signs of weakness, and the industrial chain is watching from top to bottom. The cotton farmers are generally reluctant to sell. Many cotton producers have suspended seed cotton acquisitions, and intend to increase their sales. However, most textile enterprises "buy up or not", and stock enterprises simply stop purchasing, and the market price of the gauze falls down, the number of new orders is less, and the cotton trade is light.

Preliminary analysis and judgement, at present, the leading factors of domestic cotton cities are strong, and there is still some room for policy adjustment in the late stage.

From the perspective of annual market development, the unrestrained explosive market has ended. At present, the market has entered the stage of macroeconomic tightening, the intensity of inflation control policy and the relatively short duration of the annual cotton, especially the high-grade cotton, but the gradual return of cotton market to reason is the general trend.

Under the influence of China's macroeconomic policy and the European debt crisis, commodity prices continue to bear pressure and international cotton prices fall sharply.

In November 22nd, the ICE cotton futures contract settlement price in December was 122.34 cents / pound, down 22% from the highest price of 157.23 cents / pound.

Domestic cotton futures prices also appeared in a simultaneous callback. Zhengzhou cotton futures main contract 1105 closed 22 yuan 25870 yuan / ton, compared with the previous highest price of 33720 yuan / ton dropped 23%.