Cotton Collection And Storage Of A Road &Nbsp; Gauze Promotion All Kinds Of Difficulties.

In November of 2011, winter and snow continued to follow.

The market of flower gauze is also similar to that of the weather.

Performance is: inside and outside cotton price falls together, sale is weak, trade is difficult; cotton type

In November, the global economic recovery was staggering, and the environment of consumer demand was still not improving.

However, the uncertainty of external factors fueled the market pressure and dominated the trend of European and American stock markets.

The first is the bad news of the spread of the European debt crisis. The twists and turns of the settlement process and the uncertainty of its prospects have been increasing the market's worries, which has brought pressure on the market and depressed the trend of European and American stock markets.

For example, the Greek referendum "farce" at the beginning of the month raised market concerns, the largest single percentage decline in the euro against the US dollar in more than a year, and the external commodity and crude oil market went down sharply.

In addition, at the end of the month, clearing positions and closing profits, ICE cotton fell sharply, ending the previous "six Lian Yang" rally.

Then the health situation of Italy's financial market led to market concerns. On the 9 day, as the clearing house LCH.Clearnet raised the margin requirement of Italy's treasury bond pactions, the yield of Italy's treasury bonds soared, and the yield of the 10 year Italy government bonds exceeded 7% (the highest level since 1997).

Such a high borrowing cost will make Italy unable to continue to finance its debts. It is widely believed that Italy's debt is too large (5 times that of Greece) and is hard to salvage.

Affected by this, the euro fell and the US dollar rebounded. European and American stock and commodity markets generally fell. (the US stock market fell sharply, the largest single day decline since mid September, and the European stock market also fell sharply.

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The third wave is due to the continuing spread of the European sovereign debt crisis and the panic in the peripheral market.

The yield of the Spanish 10 year treasury bond auction hit the high point since the birth of the euro in 1999; the yield of the French ten year treasury bond expanded by 8 basis points to 3.79%, the first time since the establishment of the euro zone, and the rate of sovereign debt credit default swap (CDS) in France, Spain, Belgium and Italy rose to a record high.

Therefore, the 17 day European and American stock market and the external commodity market were all down, and the ICE cotton also fell sharply. The recent 1112 month contract settlement price dropped to 99.50 cents / pound, the main 1203 month contract settlement price dropped to 96.48 cents / pound, all closed at the limit.

Even then, the German Foreign Minister also said that the country was considering the possibility of "orderly default" outside Greece.

The fourth wave is the 23 day of the German new batch of 10 year treasury bonds auction demand unexpectedly soft, so that the market worried about the European debt crisis or spread to the core members of the euro zone, but also promote the Spanish and French bond yields higher.

At the same time, Fitch lowered Portugal's sovereign credit rating from "BBB-" to "BB+"; S & P lowered Belgium's sovereign credit rating by 1, from AA+ to AA; Italy's treasury bond yield rose to the euro era, and the new European debt crisis continued to deteriorate.

It also led to the aggravation of market anxiety, which led to market confidence wavering.

In addition, the recovery of the US economy is fluctuating, especially the news that the special committee of the United States Congress can not reach a budget deficit reduction agreement before the deadline (which will lead to the automatic reduction of $1 trillion and 200 billion expenditure will automatically come into effect, when the US credit rating can be reduced.

The superposition of the negative factors with the euro zone crisis exacerbated the growing market anxiety, led to market confidence wavering and pushing the US dollar higher. European and American stock markets and external commodity markets also fell all the way down.

The prospect of European debt crisis is uncertain and uncertain, and the aggravation of market anxiety triggered by external uncertainties has brought pressure on the market and suppressed the European and American stock market and the external commodity market, which, of course, has dragged down the downward trend of ICE cotton and weakened its consolidation and operation.

On the whole, ICE cotton in November is a trend of fluctuation.

In the first half of the month, ICE cotton increased slightly during the weak consolidation operation, rising to the highest level this month.

November 15th ICE cotton 1203 contract highest monthly price 100.62 cents / pound, up 4 cents / pound yesterday; November 16th ICE cotton 1112 contract highest monthly price 103.50 cents / pound, compared with yesterday rose 0.84 cents / pound.

From the middle of the month, ICE cotton continued to decline, even on the 17 day limit.

The ICE cotton 1112 contract also gave the trend of "four successive Yin", and the 22 day price fell below 90 cents / pound, to the lowest point 89.95 cents / pound this month.

On the second day, the ICE 1112 cotton contract climbed to a 90 cent / pound run smoothly with a slight increase.

Although the end of the month was down by 2.38 cents / pound against the uncertainty of the European debt crisis and selling, it still managed to run at a price of 90 cents / pound at 90.31 cents / pound.