In the long run, the bottom price of cotton has gradually increased since it bottomed out at 20 16. Looking at other commodities, the price of domestic industrial products has already bottomed out because of the supply-side reform, but the price has remained low because of the bumper harvest of global agricultural products year after year. But recently, US soybean futures have bottomed out, corn and wheat prices are also rebounding, and chemical fiber prices have been adjusted several times because of oil prices. Under the background of inflation, it is difficult for cotton prices to fall below 1.46 million yuan/ton. With the gradual destocking of reserve cotton, it is decided that the forward price of cotton will gradually rise.