Cotton Spot Price &Nbsp Or Export Tax Rebate Reduction

Futures: the dollar rebounded and suppressed the commodity market.

Domestic Zheng cotton futures, looks like a rebound momentum, because it is driven by the price of crude oil.

Analysis: the spot market is now down, especially in Binzhou cotton spinning mill in Shandong. In fact, it does not want to accept it. If it is not accepted, the NDRC will interfere with it, so there is no way to reduce it.

Just like the insiders say, even if they drop to 20 thousand, someone will come to send lint.

Therefore, for the speculators in the futures market, lint will not rise at all, and every high point is the opportunity to enter the empty warehouse.

Let me give you an interesting example. Now Binzhou, Shandong.

There is internal news that textile industry related ministries and commissions, associations and so on, have vowed to reduce the export tax rebate, with a minimum of 5%.

If the state does not have the confidence to lower cotton prices to less than 20 thousand, then how can the relevant sectors of the industry reduce the tax rebate mentality? Let's see, if Zheng cotton futures return to the 26000 high point, then the high-level regulation will end in failure.

Immediately after the second half of the year, the export tax rebate for textile and garment was lowered.