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    &Nbsp Has Been Identified By Throwing Stores, And What Is The Future Trend Of Cotton?

    2010/8/4 14:41:00 42

    Cotton

    As a guarantee

    Textile cotton

    In order to stabilize the cotton market, the relevant departments have decided that some cotton reserves will be put into sale through the national cotton trading market (hereinafter referred to as the "trading market"). The purchase target will be limited to the textile cotton enterprises, and the maximum purchase quantity should be approved according to the principle of purchasing cotton for 1 months at most.

    The reserve cotton purchased is limited to its own use and must not be sold.


    However, the circular did not make a clear announcement on the selling time, the number of selling, the selling price and the way to sell the price limit.

    Most of the textile companies are waiting for dumping, which has also led to a recent wait-and-see sentiment in the cotton spot market. The price of grade 3 cotton in some areas has dropped below 18000 yuan / ton mark.


    At present, there are still more than 1 months to go out of the new cotton market. How much more cotton stock can be consumed in the market? How about the cotton stock and the trend of the market in the textile industry? Whether the new and old cotton can be successfully alternated? These problems have become the focus of the market.

    "Forced" suspicion, throwing rumors, for a time, cotton affects many of the hearts of ordinary people.

    Cotton prices hurt farmers directly, cotton and expensive workers, and the price of new flowers directly determines the future trend of cotton.

    At present, the reserve is ready.

    cotton

    What is the trend of the market?


    For the state dumping, we need to first understand why the specific implementation rules for dumping and storing and throwing are exactly what the impact of dumping on the market will be.


    No matter what the state throws away, it is because the spot market is tight.

    But cotton

    Spot market

    Nervous?


    The cotton association of China conducted a sub provincial and sub scale sampling survey on cotton enterprises in July. By the end of June 2010, the total cotton business inventory in China was 1 million 900 thousand tons.

    In July, 100 tons of imported cotton quotas were allocated, and the total quota of cotton imports reached 3 million 600 thousand tons this year.

    In addition, 600 thousand tons of cotton reserves are about to start dumping. According to the usage of 800 thousand tons of cotton, by the beginning of October, the total domestic cotton business inventory will also be around 1 million tons, and the supply of cotton market will have a smooth pition.

    In addition, according to the survey data of China Cotton Association, many textile enterprises have adequate stock of cotton, and some large textile enterprises have 6 months of cotton consumption, and some medium-sized enterprises can keep the cotton reserves until the end of August.


    In addition, the new year's cotton production has also brought a shadow to new flower listing.

    According to the latest survey report released by the China Cotton Association in July 27th, the area of cotton planting in the whole country decreased by 0.89% in 2010 compared with the previous year. According to the association's calculation, it is estimated that the total area of cotton planting in the whole country is about 77 million 100 thousand mu. This year, the average output per unit area can reach 91.6 kg per mu, an increase of 4.8% over the previous year, and the total output reached 7 million 60 thousand tons, an increase of 3.9% over the previous year.


    In addition, due to increased investment returns, cotton planting area has expanded rapidly this year.

    According to official data in India, cotton planting area increased by 18% to 9 million 500 thousand hectares by the year July 22nd.

    Meanwhile, the international cotton advisory board (ICAC) said in August 2nd that US cotton production in August 2nd was expected to jump by more than 50% to 4 million 100 thousand tons.

    A sharp increase in US production will help boost global production. ICAC forecasts that global output will increase by 15% to 25 million 200 thousand tons, while the global cotton year-end inventory also rebounded, with an estimated increase of 3% to 9 million 800 thousand tons.


    What is the specific implementation details of dumping?


    The specific implementation details have not been clearly shown in the announcement.

    However, there is a widespread belief in the market that the 600 thousand tonnes of national cotton stored on sale will be stored in the 08/09 year, starting with 16500 yuan / ton, limiting the number of auctions and limiting the highest paction price (18000 yuan / ton).

    Therefore, if the selling rate is 15 thousand yuan per day, the dumping will continue to the national day. At this time, the new flower will be on the market, and the 16500 yuan / ton will become the price of the old and new cotton.


    What is the impact of dumping on the market?


    According to market rumors, after this dumping and storage, the state reserve resources will only have about 1 million 200 thousand tons of cotton, and the tension of resources will let the cotton stored in China purchase large quantities of foreign cotton. This will support the new cotton price in the new year, and the probability that the new flower will fall below 16500 yuan / ton will be very low.

    In addition, the price of the outer cotton is not high, of which the 2 class cotton price is more than 88-90 cents. The general price of the port trade is 15900-16200 yuan / ton, and the 3 class cotton port pick-up price is around 15800 yuan / ton, which is several hundred yuan higher than the bid price. Even if the pfer fee of the imported cotton quota is less than 200 yuan, the imported cotton price has more competitive advantages than domestic cotton.


    Recently, the international cotton traders have signed the 1 shipment dates from October to next year, including cotton, Brazil cotton and West African cotton.

    However, domestic cotton traders are worried that the US cotton signed before the end of December will not be able to ship as scheduled.

    In addition, we worry about the time of the import quota and the occupation of funds.

    Many cotton mills with quota quotas also hope that the state can start throwing storage as soon as possible, which will not only suppress domestic and foreign cotton prices, but also facilitate the rational integration of new and old cotton.


    At present, the weak downstream market has become a big drag on cotton, and the viscose staple and polyester staple fibers belonging to cotton textile materials have also maintained a larger price difference. The downstream textile enterprises are watching and continuing, and the economic recovery in Europe and the United States is not obvious, and the throwing and storing is in the firing line. The launch of pre planned throw will lead to a rational consumption of the cotton market, and the price of the new flower is valued at 16500 yuan / ton line.

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