全球棉花市场基本面分析

2011-2012年度全球棉花的期末库存量上调了290万包,这可能促使棉花价格下降。尽管基本面的前景不够乐观,但中国政府的收储计划应当在未来几个月内对棉花价格起到一定的支撑作用。

The world cotton ending stocks are raised 2.9 billion bales from 2011 to 2012 which may lower the cotton price.Although the prospects of fundamentals are not optimistic,the purchasing and stroage plan of the Chinese government should play a supporting role to the cotton price in the next few months.