Cotton Is Low And Investors Are Worried That The Chinese Government Will Intervene.

　　 According to New York November 17th, Intercontinental Exchange (ICE) Cotton futures On Wednesday, it closed for nearly three weeks, and analysts said investors were selling because China said it would curb excessive speculation.

China's State Council said on Wednesday that it would curb price rises, curb excessive speculation, clamp down on illegal transactions, improve laws and regulations on price regulation, and increase penalties for illegal activities.

First Capitol Group Cotton analyst Sharon Johnson said: "the Chinese market has led cotton prices to rise and now leads cotton prices down."

ICE March Stage cotton The contract lowered 5.05 cents to 1.2415 dollars per pound, the lowest settlement price in nearly three weeks.

Preliminary data show that as of 1919GMT, turnover was 36119 hands, compared with 30 days mean 36808 hand low 2%.

Cotton is still the best CRB commodity index, and has risen nearly 65% so far this year.

Cotton's unliquidated contract fell to a three month low, as investors sharply reduced their positions in the process of falling commodity prices.

Supplement:

On Wednesday (11.17), cotton futures continued to decline in the ICE Intercontinental Exchange in New York. The futures contract for December delivery fell 4.85 cents / pound, only a short distance from the 5 cent limit and closed at $1.2890 / pound. Market participants and analysts worry that China may take steps to curb price rises. One analyst said that big countries are making major decisions now, and speculators and hedge funds are scared. Another analyst pointed out that before the threat of supply is realized, the market is dominated by technical transactions. In December, the support level of the contract was 1.29 dollars / pound, and the March contract support level was 1.25 dollars / pound. The March contract fell 5.05 cents to 124.15 cents / pound today.