Britain'S Influence On The Cotton Market Is Also Great.

The butterfly effect has been rapidly generated, the European Stoxx 50 index futures opened down 11%, the German stock market plunged 9.89% after opening, the British stock market plummeted 9.14% after opening, the French stock market crashed 11.13% after opening, and the Spanish stock market slumped 16.99% after opening.

The pound fell more than 9% against the US dollar, hitting the lowest level since 1985. Asian stock markets were all over the world, and Japanese stock futures were suspended for 10 minutes; New York gold futures surged.

"Britain off Europe" is like throwing a huge stone in a pond, and it takes a long "return time" until the water is calm down.

Volatility will intensify.

Although there are huge cotton stocks in China, in the long run, it is difficult to resist the globalization effect brought about by Britain.

The pound has fallen by 10.32% against the US dollar, to the level of 8.8, a 30 year low. The yuan dropped 0.6% to the US dollar to 5 and a half years ago, and the US dollar reported 6.64 yuan.

Influenced by the British referendum, the Shanghai stock index fell sharply after opening afternoon.

The international financial market is under pressure, and the Domino effect arises.

Where will it go? How will the commodity prices fluctuate in the futures market? What's the impact on international trade? What will be the impact on the cotton industry?

When the butterfly's wings in Europe can spread to the cotton industry? The performance of the British market in the cotton market is likely to further expand the gap between China's domestic cotton prices and international cotton prices. "Britain's off Europe" event is rather empty for the international cotton market, but what's the impact on the domestic cotton market? In terms of cotton, the industry estimates that international cotton will fall to 60 cents or even lower.