US Oil Fell To Negative, How Much Cotton Price Was Affected?

The new global crown has yet to be seen, and the number of infections has increased rapidly. Some predict that the inflection point of the epidemic is the bottom of the commodity price, and the bottom is really false. US oil has fallen to negative numbers from time to time. At this point, you must be eager to know: "is cotton price affected by oil prices? How long will the impact period last?

The market is refreshing our three views every day. The US oil has fallen to negative numbers, which has never been seen in history, and has also caused heavy losses to the wave readers. The risk of "golden pit" is huge because it may fall into the abyss at any time. The fall of crude oil prices once again warned us that there will be many black swans in the future.

Zheng cotton, after a period of sustained decline, was also unable to resist. Where to go in the future and how to go? Anything is possible, because the market is jumping up and down at the moment.

As of April 20th, 5 million 68 thousand tons of lint were processed in Xinjiang, and 522.5 tons were processed in the whole country. According to the current situation, the total output of lint cotton in 2019 will be around 5 million 300 thousand tons, and the total output of Xinjiang is expected to be 5 million 100 thousand tons.

According to the current annual output of 5 million 300 thousand tons in 2019, the State Reserve has already collected 3 million tons of storage and storage, and is expected to import 1 million 500 thousand tons (estimated more). In the 2019 year, China's lint resources are about 10 million tons. How can we digest it?

There are many reasons for the collapse of oil prices. There are political reasons as well as big countries' confrontations. However, the impact of this oil price collapse on the world economy is obvious, especially under the influence of the new crown virus, which outbreaks the power of a large equivalent "economic nuclear bomb".

Cotton prices are closely related to cotton consumption data. In late April, the black swan event is still unpredictable, but it is certain that the economic and consumption data in April will not improve much. Today, in the process of economic globalization, the world economy is broken, so it is hard for other countries to be independent.

Now cotton is a "clear card". The data of supply and demand released by various agencies can be seen everywhere. The operation of the whole cotton textile industry chain is getting worse and worse. So the problem of Chinese textile enterprises is not started and resumed, but how long can it work? Where is the order?

This year, the state's policy of subsidizing cotton planting is in step. In the 3 year, 18600 yuan will be directly subsidized, and cotton growers will only grow cotton and guarantee output, and there will be a "red envelope".

And what about cotton operators? At present, there will definitely be other black swan events, so it is the foundation to keep steady. No one knows what will happen in the next stage. Patience is particularly important at this time. Wait slowly.