AWI Launches Wool Distribution Promotion In China

A commercial channel in China will carry out a series of TV promotion plans, and about 60000000 people will see the promotion plan on television.

The TV Promotion Ambassador promotes the sale of wool in China.

AWI expects that the TV program will promote the demand of Chinese consumers, especially the demand for luxury products.

China is expected to outperform the United States in 2005 and become the largest luxury commodity in the world.

AWI thinks

Supplement:

Since the end of 9, Zheng cotton main contract 1105 has increased nearly 5000 yuan, and turnover has also maintained a high level of 1 million 500 thousand hands.

The author believes that the central bank's interest rate hike on the 19 day remains to be seen. Because of the excessive growth of Zheng cotton in the short term, the central bank will soon be at a high level and wait for the downstream to fully absorb the high cotton prices.

New cotton purchase price remains high

According to the latest report released by China Cotton store, as of October 15th, the national cotton picking rate was 39.8%, down 15.5 percentage points compared with the same period last year, a decrease of 20 percentage points over the past three years.

The national sales rate was 50%, down 11.8 percentage points compared with the same period last year, a decrease of 1.4 percentage points over the past three years.

Since cotton information network first released the reference price of cotton purchase in September 7th this year, the purchase price of seed cotton (grade 3) has risen from 4.16 yuan / jin to 5.81 yuan / kg on 18 days, and 329 grade cotton has risen from 18220 yuan / ton to 25358 yuan / ton.

At the same time, close to the end of the national dumping and storage pactions since October average daily paction price (fold 328 level) to maintain at 23000 yuan / ton.

Driven by these two factors, the cotton price index of China has increased significantly in recent days. As of 20, the price of the cotton price index was 24689 yuan / ton, and the total increase in October reached 2005 yuan / ton.

Spot prices on the futures price to promote the role of obvious, as of 20 days closing, 1105 contracts than spot discount of 299 yuan / ton.

Terminal demand remains stable

According to the latest customs data, in September 2010, China exported about 20 billion 15 million US dollars in textile and clothing, an increase of 19.5% over the same period, a decrease of 0.6%.

According to statistics released by the Statistics Bureau, the retail sales of clothing, shoes, hats, needles and textiles in August were 39 billion 860 million yuan, an increase of 22.1% over the same period last year, an increase of 1 billion 60 million yuan from last month.

Overall, demand remained stable.

The central bank raised the benchmark interest rate for deposits and loans, indicating that the central bank's concerns about inflation expectations have increased.

Although the increase in the rate of time deposits may have some negative effects on current consumption, some of its effects will be offset by the income effect.

In terms of liquidity, the increase in capital may increase capital inflows to offset the tightening effect of this rate hike.

From the sales situation of downstream products in the industry chain, the yarn sales rate has remained above 95% this year. As of October 9th, the sales rate in that month was 102.4%, the average stock days were 10.1 days, a decrease of 1.8 days from the previous month, the sales rate of cloth was 95.7%, the average stock days were 37.9 days, and the reduction was 1.4 days from last month.

At present, sales of yarn and cloth remain good.

In view of the end of the national dumping and storage in October 20th, the supply of cotton in the latter market will come from the newly listed cotton this year. Therefore, under the premise of stable demand for the terminal, the cotton price trend in the future market will depend on the domestic cotton supply.

Judging from the previous analysis, the domestic cotton market rhythm is slightly slower than previous years, and cotton farmers are reluctant to sell more emotions. However, the quantity of cotton exported from the United States and the United States cotton can hardly be exported. India cotton policy is changeable and export shipping is the main bottleneck restricting its export.

Before these two factors are obvious, domestic cotton supply will show a tight pattern.