How Long Can Cotton Price Go Crazy?

2010/10/19 16:07:00 66

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Cotton Market Cotton

2010 cotton

market

The waves are bound to continue.

As early as May this year, domestic cotton prices began to rise steadily.

New cotton

After the opening of the scale, cotton prices soared at an alarming rate, almost 100 yuan per ton per day.

Affected by the weather, the quality of cotton in the mainland has been greatly reduced this year. It is difficult to produce cotton grade three or more, and the demand for cotton in Xinjiang is higher.

Experts and market participants interviewed recently believe that the current state control of the market should prevent buying and hoarding cotton and cotton farmers.

In addition, we need to make adequate preparations for market risks under high prices so as to prevent cotton prices from going higher and lower.

Since September 20th, China

cotton

The market price and the futures price both set a new record in history. Futures prices have been hovering around 24000 yuan per ton.

Some people believe that China may enter the "high cotton price period", and domestic cotton prices will remain high in the coming year, which will not only increase the pressure of textile enterprises, but also increase the difficulty of national regulation and control of the cotton market.