The main contract cf1205 future in 20000, 21500 yuan/ton disadvantaged oscillation between, the proposal on the operation to throw every rebound empty primarily.

Cotton yield at home and abroad in a dice is cast, will remain weak oscillation, but because this year the SRB with 19800 yuan price, so open purchase down space is limited, the main contract mid 1205 20000 mark may have dipped the Suggestions on the operation, to rally behind every empty primarily.

Macroeconomic overshadowed by both at home and abroad

In September, the United States launched since not qe3, but buy $400 billion of long-term Treasury bonds sold 400 billion short-term national debt torsion of the operation, just to change the bonds held the deadlines, and can't change the high unemployment rate, the American economy was still at the bottom around.

In addition, the stronger dollar sharply directly affect the commodities market performance, and Greek debt default to the contrary, the s& cut Italy credit rating the gloom. Global commodities systemic fall will continue in the fall, cotton goods in the environment, it's hard to possess.

Domestic cotton yield increase sharply, harvest in sight

Last year the cotton rise considerably the effective stimulation cotton cultivation, this year the enthusiasm of cotton planting area are up by nearly 14% this year, while the weather is good, not great abnormal climate disasters, so according to Chinese cotton association estimates that this year, cotton output will reach 7.38 million tons, 5.93 million tons more published last year by nearly 20%. Compared with the production sharply increased this year China's textile industrial operation, the situation is not optimistic, textile industry from march this year on, in high cost and the raw materials procurement lint labor costs, the export order down, export exchange loss four seats "dashan" pressure, textile enterprise heavy losses. So our country textile enterprises to export growth in quantity and amount. August data shows, China textile and clothing, yarn and clothing appendages annulus comparing all appear down, and only about 26% year-on-year growth in, is far less than a few years ago, the increase of China's textile exports that grim situation, the global economic slump and a stronger dollar affect China's textile export situation. Therefore, textile enterprise still face to inventory the process, cotton consumption demand short-term can not effectively growth.

Source "the Chinese textile nets"

Author: countries often futures JiangXingChun sea yuan editor: Emma