Cotton Futures Prices Will Be Basically Stable In December.
In the first 11 months of this year, the volume and turnover of the National Futures market increased by 88% and 83.79% respectively.
In November, the volume and turnover of domestic futures increased by 21.96% and -7.35% respectively, down by 11.5% and 8.89% respectively.
from Price As a matter of fact, in November, except for a slight rise in wheat prices, the prices of other agricultural products decreased steadily, and the price of agricultural futures in December is expected to remain basically stable.
Currently, global financial crisis Cosmopolitan Recession The negative effects have shown that international crude oil prices have dropped to a relatively low level, and domestic and foreign agricultural futures prices have generally declined.
In the later stage, China's incentive policies, such as active purchasing and storage, raising purchasing price and releasing exports, will gradually play a role. Market confidence will be boosted. With the coming two sections, the consumption demand of the market will also increase significantly. It is expected that the price of domestic farm produce futures will remain basically stable in the later stage.
At present, the global economic recession makes cotton Consumption has shrunk and stock market has increased significantly. International cotton Prices continued to fall. In order to stabilize the cotton market and protect the interests of cotton farmers, the state has launched a 1 million 220 thousand ton storage and purchase plan for the two time.
In November 19th, the State Council passed 6 policies and measures to promote the healthy development of the textile industry. The market expects that the total amount of cotton collected and stored in the state is likely to reach 2 million 220 thousand tons this year. All these will form a certain support for the market price, and take into account the higher cost of agriculture, labor and other cost factors. It is expected that the price of cotton will fluctuate slightly in the later stage.
Editor: vivi
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