The Influence Of American Cotton On Domestic And Foreign Cotton Spot Prices Appears To Be Upside Down

 

Domestic cotton consumption weakness is affected by Xinjiang cotton quilt sanctions, textile industry structure adjustment, domestic epidemic prevention and control and other factors, the above factors will not subside in the short term, so in the case of internal and external cotton upside down, the strong external market has a very limited driving force on domestic cotton spot, that is, the impact on Zhengzhou cotton contract in recent months is limited. However, if the internal and external cotton upside down continues, especially the external cotton new crop contract continues to be strong, it will affect the domestic cotton import and cost expectations in the new year, and the international competitiveness of domestic cotton products will also be correspondingly improved, which is likely to improve the domestic cotton supply and demand situation, that is, the strength of the external market will provide stronger support for Zhengzhou cotton long-term contract.

In conclusion, driven by different fundamentals, it is expected that the strong and weak differentiation of internal and external cotton will continue, and Zheng cotton will show near weak far strong.