Cotton: downstream demand is not weak in off-season, and the space for price reduction is limited

Cotton: downstream demand is not weak in off-season, and the space for price reduction is limited
Download Sina Financial app to see more futures information and micro blog views download Sina Financial app to see more futures information and micro blog views, Limited space for futures price reduction source: Wenhua finance and economics solicitation (author: Ruida futures Wang Cuibing) — in the executive meeting of the State Council on December 12, Li Keqiang proposed to track and analyze the domestic and international situation and market changes, and effectively deal with the rapid rise of commodity prices and its associated effects. In this context, Zheng cotton 2109 contract was in a horizontal consolidation state after two consecutive trading days of sharp decline, but the dominant factor of cotton price is still the supply and demand side. At present, the demand of downstream textile is not obvious in the off-season, and the inventory has entered the decline cycle, so the fundamentals still tend to be good. In addition, the weather in domestic production areas this year is worse than that in the same period of previous years, and the weather is still improving