The Trend Of International Cotton Price In 2015 Is Divided Into Three Stages.

In the first half of 2015, the overall price of international cotton remained oscillatory, and in January it was affected by the negative impact of falling crude oil prices, China's imports and global supply.

Futures continued to fall.

Entering the February, the international crude oil price hit a strong rebound at the bottom, the US cotton export net sales data continued to be favorable, and many other factors, the US cotton futures prices bottomed out, and broke through the previous high point, the oscillation increased.

During this period, the US cotton futures index rose from the lowest 57.75 cents / pound in late January to the highest price of 68 cents / pound in June 30th, up 17.75%.

In July, the international cotton price was affected by the drop in crude oil prices, the decrease in China's imports, the adequacy of global supply, and the negative factors such as China's dumping and storage.

Although in August, USDA unexpectedly cut us cotton output forecast, the cotton price futures price rebounded sharply, but cotton prices returned to the fundamentals. In the international crude oil prices and downstream demand weak, export sales data weakness and other negative factors, the US cotton price continued to oscillate downward trend.

On the whole, this period is international.

Keep the oscillation downward trend; the US cotton futures index fell from a 68.80 point / pound oscillation in July 2nd to a low of 59.67 cents / pound in September 24th, or 13.27%.

Entering October, rainfall in the main cotton producing areas of the United States has affected the harvest progress.

Expected production and export sales data and other good factors continue to ferment, affected by this, the international cotton price oscillation rose, the fund net many positions continued to increase, showing strong willingness to do more funds.

During this period, the US cotton futures index rose from the lowest 59.67 cents / pound in late September to 65.41 cents / pound in December 9th, or 9.62%.

In 2015, the international cotton prices in the US cotton export net sales data positive, the main production areas of the United States, hype, production and crude oil price rebound and other factors, the low level oscillation rebound, and domestic cotton prices because of their high inventory, weak demand and national reserves and other factors, continue to explore the trend of weakness.