China'S Lengthening Of The Launch Did Not Give The Market Obvious Profits.

Foreign analysts believe that in the 100% months after the close of a month, there has been a slight decline in China's cotton reserves. The price has also dropped sharply. It is hard to predict whether this trend is changing. However, in the past three months, the market has been hungry for cotton reserves, but it is a fact of iron. The cumulative turnover has exceeded 1 million 600 thousand tons.

It is reported that the demand will be extended for a month, because the demand is very urgent. The total turnover will reach more than 2 million 200 thousand tons.

Once, the industry was worried about China.

Will greatly suppress the market, but the reality is that this round of progress is very orderly, and every day pactions remain at a very high level.

Although the market does not fully grasp the news of China, if demand is really strong and not fabricated, then the global supply and demand fundamentals will gradually improve.

One manifestation of a real bull market is that the market sees more advantages than potential negative factors.

Judging from last week's market performance, China's extended market did not bring any obvious negative effect to the market. Although the increase in China's market supply will inhibit cotton imports in the short term, the long-term demand for market demand is quite fundamental. This may explain why ICE futures remain strong.

China

Reserve is the first step to digest high inventory.

More than three years of heavy pressure has begun to release.

History tells us that bull markets are usually sustained and sustained because of rising demand. If current demand is solid, not Cotton Traders' opportunistic speculation, cotton prices will rise to a new interval of 70-80 cents.

On top of that, if India, Pakistan and China reproduce production problems again, the market will get more powerful support.

It is worth noting that textile development in Xinjiang, China is very rapid. In the past six months, the fixed investment of textile industry in Akesu industrial city of China has increased by more than 440 million US dollars, an increase of 133% over the same period last year. By 2018, the production capacity will increase from 2 million to 4 million 500 thousand ingots. Such expansion speed will bring a great impact on cotton demand. If ICE rises to 80 cents, it will definitely let more textile mills turn to chemical fiber until consumers realize that cotton is an indispensable friend in life.