The Final Destination Of Cotton Price This Year!

Coming into August, it is getting closer and closer to the time when the new and old cotton years change. At such a cross point, the track of cotton price is worthy of attention. As the saying goes: "the old does not go, the new does not come". In the coming new cotton year, can cotton prices usher in a favorable situation?

At present, the bottom of cotton price has been confirmed by the disk. The problem is where is the height? It can be said that the current cotton price has been in the historical bottom range. At such a historic opportunity, many market participants are confident in the future cotton price, which can be seen from the transaction rate of reserved cotton.

Although the future expectations are the same, some people have doubts about the future cotton price. After all, the current and future domestic and foreign economic and trade environment is no longer the same. In the early years, China's economy grew at a high speed, and the foreign trade data was also very strong, and the relations between neighboring countries were harmonious. At present, it is confronted with multiple challenges from politics, economy and epidemic situation at home and abroad, and the economic and trade situation is complex and grim.

General Secretary Xi stressed: "in the current external environment of rising protectionism, sluggish world economy and shrinking global market, we must give full play to the advantages of domestic super large-scale market, add impetus to China's economic development and drive world economic recovery by prospering domestic economy and unblocking domestic large-scale circulation.".

For the future development of the country has a clear goal and method, but for the cotton market, the road is not easy, although the domestic has improved, in order to significantly boost the cotton price, the role of foreign trade can not be ignored.

In addition, the epidemic situation is still difficult to control, which is a negative impact on cotton prices, difficult to eliminate in the short term. In such a period, cotton prices to maintain a bottom shock, do not rule out the possibility of a second dip. Since August is still an old cotton year, cotton prices have been anchored by the market. As for the new year of cotton, it depends on the performance of the game of all parties in the new year.

Cotton prices in the old year are basically hovering at the bottom, and can't fall anywhere again. After all, the worst period has passed. Of course, will the cotton price in the New Year be full of expectations? The author believes that it is certain to have expectations, but the problem is that this expectation should not be too big, otherwise the disappointment will be greater, because the large economic and trade environment does not allow us to be too optimistic. Cotton prices will not change easily, because it will take a long time to recover.