China'S Demand Is Valued By The International Cotton Market.

　 In November 4th, the Federal Reserve's quantitative easing decision led to the US dollar. Weaken And stimulate commodity Prices have surged across the board, including metals, energy, agricultural products and soft goods. Many people in the industry believe that the market has formed a bubble, but speculators are still hyping the market.

On the same day, China's national development and Reform Commission revealed that cotton cultivation this year. The measure of area Reduction of 1 million mu, cotton production will be reduced by 5%, higher than market expectations for USDA1.6% adjustment. In the US cotton sales report released later in USDA, last week, US cotton net sales volume to China accounted for 59% of the total contract volume, which exceeded the market share of the US cotton export to China last year.

　 The technical figures of the day before yesterday showed that the market had not yet reached the top and there was no sign of any reversal. On the same day, 2010/11 futures contracts for ICE futures rose by at least 445 points, hitting the daily limit before the end of the December contract. At present, the cotton price trend has exceeded the reasonable range of various technical indicators, so it is difficult to determine whether cotton price will rise from the technical figures, but if the market is adjusted, it will be more conducive to the continued strengthening of cotton prices.