Before And After The Domestic And Foreign Demand Has Not Improved, Cotton Still Depends On The Purchase Price.
At present, the market is gradually entering.
New cotton sowing date
In the early stage, the state raised the price of storage and storage to 20400 yuan / ton, more for the purpose of improving cotton growers' cotton planting enthusiasm and ensuring the market's supply of cotton for next year.
However, the impact of the US debt and European debt economy on domestic textile import demand is still down.
According to customs data, in February, domestic exports of textiles and clothing were about 9 billion 712 million US dollars, down 7.01% from the same period last year, and the ring ratio decreased by 54.87%.
Textile and garment exports declined significantly, thereby inhibiting the downstream demand of cotton.
Current suppression
Cotton prices rise
The fundamental factor is the reduction in demand both inside and outside the market.
Domestic demand can be expanded through monetary policy adjustment and market stimulus, but external demand is not directly affected by domestic monetary policy.
Before and after a marked improvement in domestic and foreign demand, although there was a surge in the market price of the reserve purchase price of cotton, there was no basis for the rise.
Once the commodity market appears negative signal, the weak trend of cotton price will still appear.
The two sessions expected this year's economic growth to be reduced to 7.5%, indicating that the focus of commodity prices will be reduced.
At present, cotton has national reserve purchase price protection.
Loose and peripheral demand
In the weakening context, the rising cotton price still depends on the effective start of domestic demand and the recovery of the global economy.
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