The Innovation Of Cotton Industry Is High And &Nbsp, And The Industrial Chain Is Seriously Threatened.

As the US dollar went down again, the market continued to worry about tight supply. On the 2 day, ICE cotton and cotton futures were re sealed. The ICE cotton contract in December closed up 5 cents, closing at 1.3426 dollars / pound.

The next day's trading limit will be extended to 6 cents.

On the basic side, the Minister of textiles of India said that India was unwilling to approve more cotton exports, and whether the country's cotton plant had sufficient supply.

It is understood that the spot price of the domestic market continues to be high, while sales progress has accelerated, but the mentality of selling up is still strong.

Yesterday, a large textile group in Shandong once again raised the purchase price of lint, the 3 level price was 28500 yuan / ton, and the 4 level price was 28200 yuan / ton, all of which rose 1000 yuan / ton compared with the end of October. Yesterday, the yarn price of the enterprise increased again by 2000 yuan / ton. Today, some cotton yarn enterprises will also increase their quotations. The high price of the spot market continues to support the high price of cotton futures. Today, the electronic disk and the Zhengzhou cotton futures market are expected to challenge the 30 thousand yuan mark all along.

From the news learned at the Canton Fair, most enterprises said that the offer increased by about 30-40%. The first two days, though the customers' enquiries and orders were good, most of them were short and small.

In November 1st, at the forum of the Guangzhou Trade Fair, Huang Yuefeng, director of the textile department of the Ministry of foreign trade of the Ministry of Commerce, analyzed that although the export situation of textile and clothing was better than expected in 2010, the consumption demand of the developed countries was still shrinking, and continued to tilt towards the middle and low end products.

The textile industry is the livelihood industry, which plays a great role in promoting employment and stimulating consumption.

The textile industry has a long industrial chain, and raw materials such as cotton spinning, silk and wool spinning are closely related to agriculture.

Once the export of textile products is frustrated, China's industrial development and employment situation will be seriously threatened.

In addition, according to people concerned, the upcoming three quarter of China's consumer confidence index (CCI) data will be lower than the two quarter, which means that China's consumer confidence index will end five consecutive quarters of rising trend.

Specifically, the reasons for the decline in China's consumer confidence index in the three quarter are mainly the two or three cities concerned about the rise in food prices, the decline in retail sales in three or four tier cities and the impact of inflation.

The seven departments, such as the NDRC, issued a joint circular once again to do a good job in the acquisition of new cotton, earnestly implement the spirit of the national cotton teleconference, and maintain an urgent notice of the current market order for New Year paintings.

In order to do a good job in the purchase and sale of cotton in the new year, the national development and Reform Commission held a joint meeting on macroeconomic regulation and control before, and the parties analyzed that the basic factors of cotton supply and demand were not enough to support the soaring cotton prices, and speculative speculation accounted for a large proportion.

The meeting decided that the departments concerned should work together in accordance with their respective division of labor to consolidate market order, severely crack down on malicious speculation, adulteration, and so on, and disrupt market order, monitor key enterprises, strictly investigate irregularities, and make other regulatory plans.

The China Cotton Association has convened the chamber of Commerce in a timely manner and released the two time.