Recent Cotton Futures Rebounded Slightly
International aspects: 1, countries Rate cut Watch out for global low interest rates to cause bubble spread; 2, in order to prevent unemployment rate To rise, countries should adopt major measures to cope with them; 3. Crude oil production reduction ; 4. US cotton low price The policy made the US cotton in a benign stage and expected less inventory at the end of the year.
Domestic aspects: 1. Spot seed cotton continues to rise. Yarn price Smooth; 2, the storage and storage of 2 million 380 thousand tons of cotton, the purchase and storage continue, the market continues to pro Lai is above three cotton; 3, the difference between domestic and foreign prices 1500, quota continues to block imports of cotton; 4, the future countries may reduce reserve, small rate cut or unilateral interest rate cuts.
Overnight Rising crude oil Heavy metals were closed down by profit making, and agricultural products were shakedown by the US stock market. It is estimated that 0905 of the domestic cotton market will be opened at around 11820, holding positions to wait for the lower reaches of the market.
Editor in chief: Xu Qiyun
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