Most Of The Commodity Prices Of Cotton Increased By &Nbsp, And The October Futures Market Was Greeting A Good Start.

On the first trading day after the National Day holiday, international commodity prices continued to rise during the long holidays, plus the surrounding areas.

During the National Day holiday, international commodity prices rose most of the time due to the anticipated warming of the new round of quantitative easing policy implemented by the United States and the unexpected restart of zero interest rate policy in Japan after four years' time. The oil price climbed to a level of 83 dollars, and gold prices also hit a new high.

And the more moderate agricultural products also fell first and then raised. Although the commodities such as grains and beans were weak, the soft commodity cotton white sugar was strong, both of them set a new high before the holiday.

Affected domestic commodities on that day

Soft commodities continued to rise strongly before the festival. The Zhengzhou Mercantile Exchange closes to a close shortly after the opening of cotton futures in May next year, closing at 22 thousand and 600 yuan per ton, which has hit a new high since listing, rising 6% compared with the last trading day before the holiday and increasing its holdings by more than 1.6 million.

Analysts say the supply and demand situation in the cotton market is still current.