Domestic Cotton Yarn Will Not Be Able To Meet The Production Needs Of Fabric Companies.
The day before yesterday
India
The announcement of a moratorium on exports has prompted us cotton to go up sharply.
at present
American cotton
80% of the total output has been booked. If India does not export cotton, it will make the world's export cotton resources very tense. Although the southern hemisphere may have an optimistic increase in production, the base of the whole southern hemisphere is very small. To change the cotton supply this year is only a drop in the bucket.
Besides, the southern hemisphere hasn't started broadcasting yet. It's hard to say whether it's so optimistic.
If the domestic can not import enough cotton from the international market, then this year
Spinning enterprises
It may be necessary to import a considerable amount of cotton yarn to meet the production needs of textile enterprises, thus further strengthening the price of domestic cotton in the future.
It is worth noting that cotton prices rose on the 3 day, mainly due to the recent rise in cotton yarn prices.
This seems to partly support the over expected decline in cotton production in China.
The market is worried that this year's domestic cotton yarn can not meet the needs of cotton production.
The external environment has promoted the confidence of the domestic cotton market, and the price of the purchase and sale has continued to rise, but the real estate cotton paction is still not active.
Overnight, the United States announced the launch of the $600 billion quantitative easing plan, which enhanced the market's anticipation of future liquidity and created a stronger environment for commodities.
Judging from the turnover of the Canton Fair, the amount of orders decreased year by year, but it was better than expected. Many enterprises reflected that orders were more full, and the market was more optimistic than expected in the latter stage, providing support for the recent cotton prices to remain strong.
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