Piper Futures: Insufficient Capacity Of Cotton Inertia

　　 viewpoint The United States cotton 138.87 1.52. Dollar rebounded, cotton High position Recycling.

Present China cotton And the United States cotton once again plunged into a dead circle, that is, each other to go higher to their own high base.

On the 5 day, the 328B of China cotton was 28158247.

In October 20th, the final sale price of the 328 class was 25977 yuan / ton.

Recommendation: 8: cotton prices in the US are not responsive to China's cotton prices. The May contract pressure corresponds to 32000; the September contract corresponds to 32200; the current price difference is expected to enlarge to 3500.

Important information: the so-called state will start the Cotton Subsidy purchase policy in the near future and provide 3000 yuan / ton purchase subsidy to cotton purchasing enterprises.

Recently, we need to focus on the direction of national policies.