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2011 Cotton "Bear" long way dependent on purchasing and storage of water shed
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Addtime:2012.01.02 HitCount: |
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In 2011, the trend in commodities division was also the year the cost of support and the economic downturn and other factors led each game of the year. This year, show a dramatic overall global commodity trends. In 2008, the financial turmoil in commodity markets, a wounded escaped.
In 2009, four trillion investment by national policy in the east, another group from low to pick up merchandise.
In 2010, commodity bull market reached its peak, prices of agricultural products gave birth to a new round of broad based inflation.
2011, this trend is the commodity division of the year, but also the cost of support and the economic downturn and other factors led each game of the year. This year, show a dramatic overall global commodity trends: the first half of confident, steadily increased; while the second half all the way to dive, shock downstream.
2011, the domestic cotton spot and futures prices shot up in the first quarter after a record high for the year into the long Xiongtu to reach mid to late 10 countries announced plans to temporarily close reserve 19,800 yuan / t care just to enter the reserve price shock bottoms stage .
January to mid February, in short supply is the main tone, combined with the approaching Chinese New Year hype downstream replenishment needs of textile enterprises, Zheng cotton futures in February 2011 once again hit a new high, the major 1109 contract reached 34,870 yuan / ton-time high. Period after the price hit a new high, the inhibitory effect of high cotton prices began to show on demand. Zheng cotton peaked in February, began after the shock all the way down.
For the protection of the industrial chain of the mind, the government began to intervene in the market in April, issued a new policy of annual purchasing and storage, but the requirement of 19,800 yuan / ton at the time of purchasing and storage price 28,000 yuan / t period price under the market interpreted as bad , increased the period of downward pressure on prices. Period of price decline continued until September, began purchasing and storage, futures prices also fell to 20,000 yuan / ton, the price in the purchasing and storage, and near the top of the price of purchasing and storage location. Although the fundamentals are still weak after the cotton, but in the purchasing and storage price support, Zheng cotton futures continue to run in the range within a narrow range. |
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