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Cotton Prices Rose To Accelerate &Nbsp; Countries Increased Reserves.

2010/10/1 17:41:00 126

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Cotton Market Cotton

Last week (20-26 September)

Cotton price

Speed up.

Two days after mid autumn festival, China

cotton

The average price index (CCIndex328) was above 400 yuan per day. The spot price broke through the 20 thousand yuan mark and rose 1416 yuan in the whole week, the highest since the index was published.

At present, the new cotton is listed on the stock market, and the volume is small.

Zhengzhou cotton futures, electronic matching recent contract prices also increased by 1735 yuan / ton and 2179 yuan / ton, a new high.

In order to stabilize the domestic market and ensure the demand of textile enterprises, the departments concerned decided to put in 600 thousand tons of countries in the early stage.

Cotton storage

On the basis of this, we continue to increase the 400 thousand tons of national cotton stores on the market by auction, and the principles of auction and enterprise qualification examination are consistent with those before.

In the seventh week, the plan was maintained at 20 thousand tons per day, and the paction price continued to rise sharply.

When the plan was put into operation 80 thousand and 200 tons a week, the actual turnover was 71 thousand and 600 tons, the turnover rate was 89%, the weekly average grade was 3.94, the average length was 28.34, the weekly weighted average price was 21065 yuan / ton, up 1131 yuan / ton compared with last week, and the price of 328 yuan was 21591 yuan / ton (net weight), up by 1130 yuan / ton compared with last week.

As of September 26th, the total amount of cotton put into the market was 561195 tons, and the actual turnover was 551596 tons, with a turnover rate of 99.3%, and 92% of the plan was completed.

Last week, the price of international cotton was first suppressed, and New York cotton futures contract broke down after 100 cents / pound, and the rally rose again on Friday.

Last week, the CotlookA index broke 110 cents / lb, which was close to the highest 115 cents / pound in history.

On the 24 day, it reached 108.5 cents / pound, up 2.6 cents a pound from last week.

The New York cotton futures market also recently broke 10 contracts, breaking 100 cents / lb, ending at 101.3 cents / lb, up 3.69 cents / lbs. compared with last week.

On the 26 day, China imported cotton price index FCIndexM index of 116.1 cents / pound, 1% tariff 20034 yuan / ton, lower than domestic similar level price 610 yuan / ton; discount sliding quasi tax 20481 yuan / ton, lower than domestic 163 yuan / ton.

During the festival, most of the cotton areas in China are mainly sunny, and meteorological conditions are conducive to cotton picking.

Unginned cotton

The purchase price continued to rise sharply, but the purchase amount was not large.

According to the China Cotton Association processing branch survey, Xinjiang Akesu area, grade two seed cotton price exceeds 10 yuan / kg. In some parts of Hubei Province, three grade seed cotton price is around 10 yuan / kg, and the three seed cotton purchase price in Shandong is also between 10.4-10.8 yuan / kg.

In the face of rising seed cotton prices, the 400 type enterprises are in a dilemma, buying cautiously, collecting and looking at them; cotton brokers are very active and compete for resources in the fields; some cotton growers and cotton traders are driven by interests to blend water and sand into seed cotton, and the quality of seed cotton is destroyed.