Cotton Market News (12.11)

I. macro environment:

1, the central bank website: the people's Bank of China decided that from December 20, 2010, the deposit reserve ratio of deposit financial institutions should be raised by 0.5 percentage points.

2, China News Network: the National Bureau of statistics will announce the main economic data in November on the 11 day. With the introduction of a series of "steady price order" in recent years, CPI data is doomed to become the focus again. Industry analysts believe that the CPI increase this month may hit a new high in the year, but it may be lower than the market forecast of over 5% year-on-year increase.

3, the central bank website: foreign currency.

4, the Beijing News: the State Council promulgated the revised regulations on administrative penalties for price offenses on 10, and the highest level of collusion in raising prices was a fine of 5 million yuan, after a fine of 1 million yuan.

5, the General Administration of Customs: the Customs General Administration released the import and export situation of China's foreign trade in the first 11 months of 10 days.

According to customs statistics, from 1 to November, the total value of China's imports and exports was US $2 trillion and 677 billion 280 million, an increase of 36.3% over the same period last year (the same below).

Of which, exports amounted to 1 trillion and 423 billion 850 million US dollars, an increase of 33%; imports of US $1 trillion and 253 billion 430 million, an increase of 40.3%; the trade surplus was US $170 billion 420 million, a decrease of 3.9%.

In export commodities, from 1 to November, clothing exports amounted to 116 billion 940 million US dollars, an increase of 21.2%, an increase of 1.7 percentage points compared with the first 10 months (the same below), and export of textile yarns, fabrics and products 69 billion 680 million US dollars, an increase of 29.6%, an acceleration of 0.2 percentage points, a 32 billion 210 million increase in shoes exports, an increase of 27.8%, and an acceleration of 1.4 percentage points.

6, the Wall Street Journal: U.S. blue chips closed higher on Friday, ending a week's light trading since the biggest single day increase this week.

The stock market's gains on this trading day are helped by a mild boost from optimistic economic data.

Crude oil futures fell on Friday, as China decided to raise the reserve requirement ratio of banks, and the market is concerned that China may take interest rate hikes next.

On Friday in New York, the US dollar rose higher against the euro and the yen, and stronger US consumer confidence and trade data further confirmed that the US economy is improving.

China's stock market went up on Friday as China's latest import and export data in November brought a boost to mining and telecommunications stocks.

Two, cotton spinning information:

1, China Cotton Association: National Cotton turnover inventory 11 monthly report.

The cotton warehouse Association of China Cotton Association has counted 127 warehousing units. As of the end of November 2010, the total turnover of commodity cotton turnover was 898 thousand tons (216 thousand tons in the mainland and 682 thousand tons in Xinjiang), an increase of 398 thousand tons in the chain.

Accordingly, the total inventory of cotton turnover in the whole country is about 988 thousand tons, an increase of 442 thousand tons from the previous month.

That month, 21 pit stations in Xinjiang pported 272 thousand tons of cotton to the mainland by rail.

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2, global cotton online: according to the report of foreign power in December 9th, in the past three weeks, most cotton producing areas in Brazil were generally raining, and the prospects for high-yield cotton were brighter.

The Ministry of agriculture of Brazil has raised the forecast of cotton production in Brazil this year to the highest level of 1 million 829 thousand tons, and the export volume has increased to 544 thousand tons.

In the past 5 months, the US Department of agriculture (USDA) has increased 163 thousand tons of output forecasts to Brazil, and the total volume of exports has risen by more than 109 thousand tons, but still 218 thousand and 22 thousand tons lower than the latest projections of the Ministry of agriculture of Brazil.

According to the current shipment schedule of Brazil cotton, USDA is likely to further increase these two forecasts.

In the long run, the high yield of Brazil cotton will be very beneficial to alleviate the pressure of global cotton supply this year.

3, China textile net chemical fiber raw material prices Daily Bulletin: 10,

4, China textile net yarn price Daily Bulletin: 10, the whole cotton yarn market sales showed a steady trend, prices of some varieties continue to be lowered; polyester viscose yarn, polyester cotton yarn price trends are stable, and in contrast, polyester cotton yarn 80/20 32S and 45s demand is acceptable.

The price of pure polyester yarn has been cut down, and the 32S and 50s market of pure polyester yarn has not been smooth. Compared with 45s, the volume of trading is acceptable. It is mainly used for producing polyester cotton lining series.

Polyester staple fiber prices fell.

The 30s market of human cotton yarn market is mainly used for the production of diamond cotton fabrics, while the other specifications are not large in the market of cotton yarn, and the prices of products are still falling.

Viscose staple fiber prices continue to be in a state of decline, the latest market center price fell to 23400 yuan / ton, it is expected that the future cotton yarn will also have a moderate downward trend.