US sanctions cotton from China, cotton price rises 100%... :-)

E

earth_imperator

Cotton is used for making textiles, like Blue Jeans trousers.

US sanctions cotton from China, cotton price rises 100+%... :)
When braindamaged US+EU sanctions backfire... :) :

https://finance.yahoo.com/quote/CT=F?p=CT=F
cotton.png
 
Last edited:
It did not rise 100%. Long term average is around 80 cents a pound. It now trades at a dollar. What are you looking at to get this wrong?

In fact the Oct 2023 trades at around 80 cents right now hinting that the current elevation is gonna be short lived. Take a position if you have such strong conviction.

earth_imperator said:
Cotton is used for making textiles, like Blue Jeans trousers.

US sanctions cotton from China, cotton price rises 100%... :)
When braindamaged US+EU sanctions backfire... :) :

https://finance.yahoo.com/quote/CT=F?p=CT=F
View attachment 290482
More...
 
The US is by far not the top producer. It only exports most because it produces a fair amount but hardly uses any to make garments domestically. But I agree, those tariffs and sanctions are total nonsense.

mikeriley said:
We export more cotton than anyone.

Unfortunately the political class of America
has aligned itself with the World Trade Council
and World Economic Forum dubious trade
agreements. Economically we are actively
being held hostage.

https://en.wikipedia.org/wiki/Cotton_production_in_the_United_States
More...
 
M.W. said:
It did not rise 100%. Long term average is around 80 cents a pound. It now trades at a dollar. What are you looking at to get this wrong?

In fact the Oct 2023 trades at around 80 cents right now hinting that the current elevation is gonna be short lived. Take a position if you have such strong conviction.
More...
According to the above YahooFinance chart data:
On May 1 2020 cotton future was trading at 57.59. This was the price before the US sanctions, IMO.
On April 1 2022 it was 152.33 --> 152.33 / 57.59 * 100 - 100 = +164.5%
Today it's 102.00 --> 102 / 57.59 * 100 - 100 = +77.1%
Such a rise in cotton price is obviously caused by the US sanctions against China.
China is the biggest producer of cotton, IIRC.
 
earth_imperator said:
According to the above YahooFinance chart data:
On May 1 2020 cotton future was trading at 57.59. This was the price before the US sanctions, IMO.
On April 1 2022 it was 152.33 --> 152.33 / 57.59 * 100 - 100 = +164.5%
Today it's 102.00 --> 102 / 57.59 * 100 - 100 = +77.1%
Such a rise in cotton price is obviously caused by the US sanctions against China.
China is the biggest producer of cotton, IIRC.
More...
When did the ban have started?
 
You are comparing current prices with 2020? That is nonsense. And your assessment is equally nonsense. There were no sanctions or tariffs on lumber in regards to China (China does not export any anyway) and yet lumber and dozens of other commodities shot higher by over 100%

In fact lumber increased by 240%, none of it caused by China's or America's sanctions or tariffs.

upload_2022-7-28_10-25-11.png


earth_imperator said:
According to the above YahooFinance chart data:
On May 1 2020 cotton future was trading at 57.59. This was the price before the US sanctions, IMO.
On April 1 2022 it was 152.33 --> 152.33 / 57.59 * 100 - 100 = +164.5%
Today it's 102.00 --> 102 / 57.59 * 100 - 100 = +77.1%
Such a rise in cotton price is obviously caused by the US sanctions against China.
China is the biggest producer of cotton, IIRC.
More...
 
M.W., are you saying sanctions have no impact on prices? :)
What about the current sanctions against Russia, especially oil and gas? Gas price has more than tripled in Europe...
Does the 10+% inflation we see in all western countries not have its root in the sanctions against China and Russia?
 
I am saying that you attributing commodity price rises since 2020 primarily to tariffs and sanctions is not true.

earth_imperator said:
M.W., are you saying sanctions have no impact on prices? :)
What about the current sanctions against Russia, especially oil and gas?
Does the 10+% inflation we see in all western countries not have its root in the sanctions against China and Russia?
More...
 
You must log in or register to reply here.
Back
Top