Australian Brokerage'S Commodity Recovery Depends On The United States.

Fahey Fay, the head of Invast research, predicts that the weakness of commodities is due to the impact of the global economic environment, not all because of the sluggish demand in China. If the US economy continues to recover, commodities will rebound in the Peter.

Optimistic US data has improved.

The possibility of raising interest rates in December will be good for commodities.

Fahey told the media on Tuesday that demand can also come from other countries besides China.

The number of non farm payrolls released in the US on Friday increased by 271 thousand, much higher than that in 8 and September.

Yellen had previously said that if the economic data support, the Fed will raise interest rates in December this year.

Fahey believes that the US interest rate increase is good news for commodities.

The main pressure on prices comes from the strength of the US dollar against other currencies.

Most commodities are traded in dollars, so when the US dollar index rises, commodity prices tend to fall.

The trade figures released by China last weekend are not good enough, Fahey said. In the long run, it will be profitable for commodities. Because the economic data is not good enough, the Chinese government will increase the possibility of further stimulus, and there are many new policies that can be launched.

According to the data released by the General Administration of Customs last weekend, the total value of China's imports and exports in October was 2 trillion and 60 billion yuan, down 9% from the same period last year.

Among them, exports were 1 trillion and 230 billion yuan, down 3.6% compared to the same period last year; imports were 833 billion 140 million yuan, down 16% compared with the same period last year; the trade surplus was 393 billion 220 million yuan, an increase of 40.2% over the same period last year.

It is generally believed that the Fed's interest rate increase will drive the US dollar index stronger, but Fahey said that historical data showed that the first rate hike did not happen.

He added that looking at historical data, the US dollar index fell in the past 7-8 years after the first increase in interest rates.

It is therefore thought that the US dollar index may slide after the increase in interest rates, thereby making it more profitable.

US housing data, building index and new car sales have risen steadily over the past 7 years, and have reached the highest level since the 2008 financial crisis.

Fahey thinks the data will also help drive up commodity prices.

At the same time, in Fahey's view, the supply of excess iron ore has led to its price falling to a low level for several years, and the low price will help to eliminate overpriced producers, which will reduce excess supply.

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In the past 24 years, the thirty-eighth Taiwan textile exhibition in Japan has been held for thirty-eighth consecutive years. It has been held in Osaka, Japan under the leadership of the textile and crafts fair. A total of 42 domestic manufacturers participated in the exhibition, attracting nearly 900 Japanese professional buyers in two days.

The textile industry association said the exhibitors had half of the new and old faces, and all of them had bright eyes.

Take the first exhibitors as an example, including the emphasis on independent research and development of michun, the main grain of small special fabrics, the success of the United States outdoor sports brand, the Xin Hui, the main material of the unidirectional material, such as the life vest and the sleeping bag, and so on.

The theme of this exhibition area is popularity and outdoor functionality. Through the ingenuity of Japanese local designers, we make use of all kinds of cloth and garments made in Taiwan to arrange fashionable dress and lively scenes. We also use color, touch, sag and follow-up processing to highlight the characteristics of functional fabric products and the trend of functional fashion.

According to the report of the Japan comprehensive research institute, even though there is no sign of strong economic warming yet, Japan's import demand for textiles is still $40 billion per year, which is still a battleground for textile exporters including Taiwan.