After the Spring Festival holiday, the domestic cotton market is expected to usher in a good start

During the long holidays of the Spring Festival, the international gambling market has mostly risen, and the Fed’s continuing to maintain ultra-low interest rates and expectations for an improving economy continue to support the trend of commodities. Insiders pointed out that although the macro environment of the commodity market is still not ideal, the global economic growth is better than expected, and the short-term rebound of commodity prices is expected to continue.

The Fed announced its decision to maintain its ultra-low interest rate policy until the second half of 2014, providing strong support for gold prices. Due to the Iranian oil embargo crisis, international oil prices are near 100 US dollars. The LME copper holiday rose, ** buying interest and speculators speculate that Chinese demand will rise to promote prices.

While agricultural products were mixed and the market was driven by the surrounding markets, investors continued to be worried about the drought situation in South America's soybean growing areas.

Before the International Cotton Festival rose, the domestic cotton market is expected to support the industry after the holiday, stable upward.

China's economic growth data proves that the world’s largest consumer of goods is still in a state of fit, and that it will be able to act as an engine to drive global demand by achieving economic cooling while maintaining sufficient resilience.

Major economic indicators, including gross domestic product (GDP growth in the fourth quarter, 8.9%), industrial added value in December (up 12.8%), and total retail sales of consumer goods (up 18.1%), were all better than analysts expected . Although the growth rate of GDP in the fourth quarter was lower than the 9.1% in the third quarter and it was the lowest in two and a half years, the growth rate of industrial added value and retail consumption actually accelerated in December. This is not a sign of a severe economic slowdown. .

On the whole, commodity ** ushered in a long absence in the New Year's rally. Although the mainstream of the market has never issued a voice that is about to usher in a reversal, market confidence has already been restored. The rebound is expected to continue in a complex economic environment and the domestic market is expected to usher in a good start.