Deterioration of the global economic impact of Zhengzhou cotton prices

Nov. 5 Zhengzhou cotton prices continue down. Analysts believe that the global economy continues to deteriorate under the influence of such factors, Zhengzhou cotton price trend can not be optimistic about the near future.

Nov. 4 ICE cotton futures prices rose sharply, the main force in December contract rose 164 points, the settlement price of 46.32 cents / lb. Nov. 5 Zheng cotton prices continue fall in the opening 901 contracts 11,650 yuan, to close at 11,330 yuan more than in the previous settlement price was down 275 yuan / ton, from a technical point of view, cotton prices continue to hit record lows, MACD indicators Green Line Growth .

2008 1-9 National regional textile, cotton, textile and garment manufacturing fixed asset investment growth last year than the same period of apparent decline in the textile industry fixed asset investment growth for the 3.61 percent year-on-year, an increase over the same period last year slipped 21.61 Of a percentage point, central / western regions respectively year-on-year growth of 19.69 percent and 17.72 percent increase respectively over the same period last year decreased 23.37 and 10.55 percentage points, south-east coastal Shandong Province and investment lower than the same period last year, the cotton textile industry in fixed assets investment in the same period last year Fell 2.29 percent, an increase over the same period last year fell 27.53 points, the central region grew 17.11 percent year-on-year, an increase over the same period last year dropped 28.71 points, the south-east coastal areas, the western region of Shandong Province and the investment is lower than the same period last year, textile Apparel manufacturing fixed asset investment growth year-on-year to 20.38 percent, an increase over the same period last year fell 25.35 points, with the exception of investment in Shandong Province, declined 0.95 percent, in other regions have increased.

In short, the textile industry growth rate of fixed investment dropped significantly in the global economy continues to deteriorate under the influence of such factors, Zhengzhou cotton price trend can not be optimistic about the near future.