2014、2015年度,棉花收储退市,抛储使得市场供应充裕,压制了棉价上行空间,再加上直补出台,棉花产业逐步市场化。从基本面来看,我国拥有上千万吨的库存,足以满足下一年度的消费,下游需求又面临很大压力,2014、2015年度棉市又将呈现出供大于求的局面,棉花产业将逐步市场化 In 2014 and 2015, the withdrawal and withdrawal of cotton reserves and storage led to ample market supply, which suppressed the upside of cotton prices. Coupled with the introduction of direct subsidies, the cotton industry was gradually marketized. From a fundamental point of view, China has tens of millions of tons of inventory, enough to meet the next year’s consumption, downstream demand is under great pressure on the cotton market in 2014 and 2015 will show the oversupply situation, the cotton industry will Gradually market-oriented