In 2011 Cotton "Bear" &Nbsp Long Journey; Rely On Storage And Storage Underpinning.

2011 is a year of commodity differentiation, and also a cost. brace A year of competition with leading factors such as economic downturn. This year, global commodities are presented as a whole. Dramatic Trend.

In 2008, the commodity market experienced a financial crisis, and it was all black and blue.

In 2009, with the eastward wind of the four trillion investment policy of the state, the commodity was once again collectively low. Warm up 。

In 2010, commodity bull market reached its peak, and the price inflation of agricultural products spawned a new round of inflation.

In 2011, this was a year when commodity trends were divided, and it was also a year when the leading factors such as cost support and economic downturn played games. This year, global commodities showed a dramatic overall trend: confidence was full in the first half of the year, and continued to climb in the first half of the year.

In 2011, domestic cotton spot and futures prices entered a long bear road after hitting a high level in the first quarter, reaching the bottom of the concussion stage until the end of 10, when the 19800 yuan / ton base price announced by the national temporary reserve reserve plan was hit in the middle of next month.

In the middle of January ~2, the shortage of supply was the main keynote, and the demand for replenishment of downstream textile enterprises was coming near the Spring Festival. Zheng cotton price hit a new high in February 2011, and the main 1109 contract reached a record high of 34870 yuan / ton. After the price hit a new high, the inhibitory effect of high cotton prices on demand began to appear. Zheng cotton began to shake down after hitting the top in February.

In view of the original intention of protecting the industrial chain, the government began to intervene in the market in April, and issued a new policy of collecting and storing the new year. However, the stipulated 19800 yuan / ton storage price was interpreted by the market at the time of 28000 yuan / ton price. The price declines continued until September, and the price fell to 20 thousand yuan / ton, which was close to the price of the purchase and storage. Since then, although cotton fundamentals remain weak, the price of Zheng cotton has continued to operate within a narrow range of shocks under the support of purchasing and storage prices. (