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棉花期货价格在经过了一轮大涨大跌以后,产业链上各方对于2011年的棉花价格走势较为困惑。一方面是供求基本面仍然偏紧,现货价格较为稳定,加工商惜售,棉花价格似乎难以下跌;另一方面,市场预期明年各主要产棉国的种植面积普遍增加,期货在经过短暂反弹后仍有延续下跌趋势的动力。那么作为棉花相关企业该如何操作?
Cotton futures prices after a sharp rise and fall, the parties on the industrial chain for the 2011 cotton prices more confused. On the one hand, the fundamentals of supply and demand are still tight; the spot prices are relatively stable; the processing traders reluctantly sell and the price of cotton seems difficult to fall. On the other hand, the market expects a general increase in the planted area of major cotton producing countries next year. After a brief rebound in futures There is continued downward momentum. So as a cotton-related companies how to operate?