The International Economy Is Still Fragile &Nbsp; Cotton Prices Are Hard To Sustain (1).

Recently, cotton reserves and quotas sometimes have no effect, and the yarn price is unbearable.

1, the international economic situation or the threat of "two bottom finding"

According to the chart below, we can see that the US ISM manufacturing index began to rebound from the beginning of 2009, and the market went all the way. However, in the past two months, the index showed a slight downward trend, the index stopped at 60 points, and this month stopped at 56.2 points, down 3.5 points.

The change in the US non farm payroll population has shown a decreasing trend since January 2008, although after 3 sharp bounce, the market began to look promising, but the economy was still fragile. The number of non farm payrolls decreased by 125 thousand this month.

In addition, the US unemployment rate has been hovering at 9.5% since June 2009. The number of initial jobless claims increased by 13000 to 472000 in June 26th, and the unemployment rate remained at 9.5%.

The number of non-agricultural employment decreased, the manufacturing industry continued to decline, and the unemployment rate was 9.5% for a long time. The pessimistic data on all sides had hit investors' confidence. The US consumer confidence index released by the US economic advisory chamber in June this month dropped by nearly 10 points to 52.9 last month.

As the world's most important economy, the uncertainty of the US economic recovery will exacerbate the market's worries about the "two bottom finding" of the economy, which will bring greater resistance to the upward march of Zheng cotton city.