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Cotton Situation: For Cotton Inflation Can Not Be Taken Lightly.

2010/11/10 13:10:00 55

In the recent market,

Cotton price

The rise has undoubtedly become the focus of the market.

focus

。

The rise itself is nothing to be afraid of. Terrible is cotton price per day, which is undoubtedly worthy of vigilance.

More importantly, the rise in global commodity prices caused by soaring domestic cotton prices is likely to have a very big negative impact on our market in turn.

Information from the market shows that the ICE cotton futures closed at a record high on Monday and hit a record high.

Analysts say part of the reason is a strong rise in China's cotton futures.

In addition to cotton, soybean prices in the international market have also risen. One important reason is that the US Department of Agriculture said in a statement that US exporters exported 300 thousand tonnes of soybeans to China.

Market analysts pointed out that China's strong demand has supported the world's soybean prices.

"Hype"

Chinese demand

"Is undoubtedly a major means of international hot money in recent years.

From the initial oil products, rice to cotton and soybeans, what China needs and what price will go up.

At present, we have been steadily pushing forward the RMB exchange rate formation mechanism, improving the managed floating exchange rate system and giving greater play to the role of market supply and demand. The main purpose is not to strike a big blow on export oriented enterprises.

However, the high cost of raw materials will still strike these enterprises from another angle. This undoubtedly shows the complexity of the current world financial environment from one aspect.

Generally speaking, the price rising trend of resource goods is not necessarily related to the tension of the international situation and the so-called "China demand". The price rise caused by demand factors will still be reflected in the fundamentals of supply and demand. Obviously, the current international market is far from the traditional supply and demand fundamentals. The real "culprit" is the depreciation of the US dollar. For the relevant government departments, we must fully recognize the complexity of the current financial situation, especially for some speculators who take the opportunity to make a fortune. At the same time, we must take some measures to stabilize the market supply, only in this way can we give the speculators a fatal blow. Otherwise, once the price surge comes, it will undoubtedly cause great harm to the Chinese economy.