论文部分内容阅读
如今的国际棉花市场,棉花分析师经常强调棉花价格风险管理的重要性,这应该与国际棉花市场的分割有密切的关系。从一个角度来看,有太多的棉花,而从另一个角度,棉花供给太少。国际棉花市场分割成两部分,中国和其他国家。问题是中国拥有世界一半的棉花库存,而需求为世界棉花需求的1/3,而其他国家拥有另一半棉花库存,使用2/3的棉花。
Today’s international cotton market, cotton analysts often emphasize the importance of cotton price risk management, which should be closely related with the division of the international cotton market. From one perspective, there is too much cotton, and from another perspective, too little cotton is supplied. The international cotton market is split into two parts, China and other countries. The problem is that China has half of the world’s cotton stocks, while demand is 1/3 of the world’s cotton demand, while other countries own the other half of cotton stocks, using 2/3 of the cotton.