Why does the internal and external cotton market appear "ice and fire two days"
2018-01-16
The domestic and foreign cotton markets in December 2017 can be described as "two days of ice and fire". After the main U.S. cotton contract in March stood firm at the 70 cents/pound mark, it made great strides all the way, with the sword pointing to the previous high of 80 cents/pound. However, Zheng Mian's main force fell from the 15500 yuan/ton line, once breaking the 15,000 mark. Recently, it oscillated within a narrow range and was in a dilemma. U.S. Cotton Export Data Beautiful According to statistics, as of December 28, 2017, the U.S. has signed a total of 2.552 million tons of cotton for 2017/2018, accounting for 78% of the annual export volume, higher than the five-year average of 11%, high
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