Domestic Spot Stop Stabilized &Nbsp; International Cotton Prices Rebounded Sharply

Recently, the latest PMI data released in November is strong enough to stimulate most domestic products. futures The price continued to rebound, and the international cotton price rose sharply. Zheng cotton futures rose. Textile enterprises Procurement is still cautious, the market is light, spot prices stabilized. The price of seed cotton has slowed down. Most cotton farmers are reluctant to sell. Cotton companies are cautious about buying, and the two sides are still watching. Textile enterprises increased new orders, increased product inventories, increased willingness to sell voluntarily, and cotton and polyester staple prices continued to fall. In December 3rd, the average price of standard grade cotton in the mainland was 26514 yuan / ton, down 328 yuan / ton compared with last week, or 1.2%, 5 percentage points lower than last week. Zhengzhou cotton futures contract settlement price of 27625 yuan / ton in January 2011, up 1945 yuan / ton compared with last week, or 7.6%. Turnover of 3290 hands, a decrease of 5796 compared with last week, a decrease of 63.8%. Beijing's national cotton trading market electronic matching spanactions in January the average contract price of 27201 yuan / ton, compared with last week rose 2251 yuan / ton, or 9%. Turnover of 3620 tons, an increase of 880 tons compared with last week, an increase of 32.1%. Hefei national cotton trading center electronic matching spanaction contract settlement price in January was 27170 yuan / ton, up 1950 yuan / ton, or 7.7%. The volume of the 24 pen was 4 fewer than last week, a decrease of 14.3%. In December 3rd, the average purchase price of the 3 grade seed cotton in the mainland was 5.40 yuan / kg, down 0.16 yuan / Jin, or 2.9%, and the cost of cotton lint was 23212 yuan / ton, down 789 yuan / ton, or 3.3%, a 2.8 percentage point lower than that of last week. The average price of 3 seed cotton purchase in Xinjiang was 4.93 yuan / Jin, dropped by 0.45 yuan / Jin, the decrease was 0.45, and the cost of folding cotton lint was RMB yuan / ton, down by RMB / ton. In December 3rd, 32 cotton combed yarn prices were quoted at 36800 yuan / ton, down 2100 yuan / ton last week, or 5.4%, while polyester and short quotations were 13370 yuan / ton, down 2500 yuan / ton, or 15.8% lower than last week.

Expected in the near future Cotton market The oscillation pattern will be maintained. On the one hand, following the introduction of the domestic macro economy and stable price policy, the Political Bureau meeting of the CPC Central Committee held in December 3rd clearly conveyed the signal of the shift of the monetary policy keynote in 2011. In 2011, the monetary policy will be changed from "moderately loose" to "steady". This is the first time that China has returned to "steady" after the "moderately relaxed" monetary policy was put forward in November 2008 to deal with the international financial crisis. The rate hike is expected to rise again. On the other hand, according to the national cotton market monitoring system, nearly two weeks from mid November to early December, the average turnover of lint week was about 98 thousand tons, only 52.5% of the same period in the previous year. According to the survey, as the downstream gauze Market is showing a weak position, most textile enterprises have been waiting for a while. The purchasing intention of raw materials is weak. Only some small mills have started to make enquiries due to the obvious consumption of raw materials inventory, or they will enter the market in the next one or two weeks. Judging from the above situation, cotton is the key variety of price regulation this year. The market trend will continue to be restricted by macroeconomic factors, policy regulation and fund speculation factors. The domestic spot market will remain oscillating before the downstream market has fully digested the cost of price rise.

In terms of international cotton prices, most of the economic data released by Europe, the United States and China have been better, and market sentiment has been optimistic. The US dollar index has fallen back on the rebound in commodity prices, coupled with the increase in the volume and volume of the US cotton export contract. The government of India has restricted the export of cotton yarn and the international cotton price has risen. In December 3rd, the ICE cotton futures contract settlement price in December was 142.33 cents / pound, up 26.27 cents / pound compared with last week, or 22.6%, with a turnover of 47 hands, a 32 reduction from last week, and a 40.5% reduction. The average price of China's main port on the imported cotton (M) was 159.38 cents / pound, up 9.77 cents / pound from last week, or 6.5%. According to the 1% tariff, the discount price is 27110 yuan / ton (at 6.6605 exchange rate), which is higher than the domestic market 596 yuan / ton, and last week is lower than the domestic 1389 yuan / ton. According to the sliding tax, the discount price to the factory price is 27415 yuan / ton, which is higher than the domestic market 901 yuan / ton, but last week was lower than the national 1067 yuan / ton.