December 23Rd Cotton Prices News Morning

I. macro environment:

1. China has made news: China needs to say that China is forced to buy grain with high prices, and the strategy of food security is saved.

2, first financial daily: Peng Sen, deputy director of the NDRC, said the price increase will be controlled at 3.3%, which is still under control.

This figure further confirms that the price increase of our country will be slightly higher than that of 3% this month, put forward by Zhang Ping, director of the NDRC last month.

However, with the implementation of various macro-control measures, the overall level of prices in the coming period is expected to remain basically stable.

3, China Securities Journal - China Securities Network: sources revealed that the central bank recently convened a meeting of major banks to discuss the reform of credit management system.

At the meeting, the central bank said that it was planning to set up a new credit management system, determine the speed of credit delivery according to the speed of economic growth, and the index of capital adequacy ratio will be included in the scope of consideration.

Insiders pointed out that the central bank's recent reform of credit management system is intended to pform the way of credit management from administrative control to the comprehensive use of market-oriented regulation and control measures.

If the measure is implemented, it means that the central bank may no longer set the credit target, but will guide the credit supply according to the capital adequacy ratio, liquidity ratio, dynamic provision rate and loan to loan ratio index of various banks.

Window guidance, differential deposit reserve ratio,

4, economic reference Daily: at the National Conference on business affairs held in December 22nd, Chen Deming, Minister of Commerce, said that we should combine foreign capital access management with antitrust review of business concentration, merger inspection of foreign capital mergers and acquisitions, and protect domestic industrial safety according to law.

This is the first time that the Ministry of Commerce has written the "protection of domestic industrial safety according to law" into the foreign capital utilization part of the annual work report.

Expert analysis shows that China's absorption of foreign capital has entered a new and more mature stage. In the process of absorbing foreign capital, industrial safety will receive more attention in the future.

Foreign investment will be gradually incorporated into the strategic framework for China's economic restructuring and industrial safety.

5, economic reference Daily: according to the United States "Wall Street journal" local time 21 reported that recently, the London Metal Exchange (LME) copper, aluminum, nickel and zinc and other basic metals more than half of the inventory is held by "mysterious" single dealer.

Similar hoarding also exists in the basic metal futures market.

Analysts believe that in the absence of supervision in the Anglo American countries, hoarding will guide the flow of capital and drive the rise of commodity prices unexplained. In the case of fundamental factors that do not support price increases, the hoarding of the hoarding sellers will surely reappear the sharp decline of international oil prices in 2008.

6, Wall Street Journal: US stock market closed a new high for two years on Wednesday, continuing to be affected by recent mergers and acquisitions.

Two, cotton spinning information:

1, China Cotton Association: 11 monthly report on China's cotton imports.

In November, international cotton prices fell sharply.

In the first ten days, the depreciation of the US dollar pushed the international cotton prices to continue to rise rapidly, and even reached a record high.

However, in late and middle ten days, China issued intensive control policies to stabilize prices, domestic cotton prices fell rapidly, and international cotton prices continued to decline, and rebounded to the end of the month.

In the same month, the monthly average price of cotton imports in China increased again, and imports increased from last month. Uzbek cotton continued to increase substantially, accounting for nearly 30% of the total. It has surpassed the United States to become the largest source of cotton imports in China, and the United States has been relegated to second, and the number of India cotton imports has also recovered.

According to customs statistics, China imported 126 thousand tons of cotton in November, an increase of 30 thousand tons compared with October, an increase of 31% in the annulus ratio, an increase of 12% over the same period last year, and the average import price continued to accelerate up to 2356 US dollars / ton, up 225 us dollars, or 10.6%, compared with October.

In 2010, 1-11 tons of cotton imported 2 million 377 thousand tons, an increase of 81.4% over the same period last year.

Total imports of 423 thousand tons in the first three months of 2010 increased by 26.8% compared to the same period last year.

2, global cotton online: due to the continuous unfavorable rainfall in India in November, the India Cotton Association (CAI) has recently revised the forecast of India cotton output to 5 million 900 thousand tons this year, down 170 thousand tons from last month, but still far outperformed the latest forecast of 5 million 660 thousand tons of the US Department of agriculture (USDA).

With the gradual increase of new flower listing in India, USDA is likely to further increase this forecast in the coming months.

Since the forecasts of CAI and USDA are far greater than that of the largest domestic cotton producers in India, and the record is highest, the late India government may increase the export limit of 935 thousand tons of cotton.

It is reported that 935 thousand tons of India cotton will eventually be allowed to export.

However, as at December 15th, the actual shipment volume of India cotton was only 510 thousand tons, and the remaining 425 thousand tons needed to be re registered and shipped for export in 2011.

3, China textile net chemical fiber raw material prices Daily Bulletin: 22, PTA price trend continues to rise, MEG price also steadily rose, half light polyester chip price upwards, big gloss polyester chip price steadily rise, CDP slice price trend consolidation, polyester bottle price trend upward.

Acrylic fiber 1.5D * 38mm, acrylic top 3D * 102mm price adjustment, CPL prices continue to rise, nylon 6 Slice prices have moved up.

Polyester market trading volume continued to enlarge, mainly reflected in the POY coarse Dan, DTY silk products, downstream weaving factory, the bomb industry has a small batch of filling action, price trend of individual POY began to appear 50-100 yuan /T exploratory uplift, in addition, Taicang big factory POY150D/288 factory price rose 200 yuan /T.

The prices of DTY and FDY are basically unchanged today. Most of the POY spinning factories are still having a moderate discount rate in the last few days.

At present, although the polyester market has revealed a round of procurement cycle downstream, most spinning factories have a high inventory, and there are relatively few movements to make up the bulk.

Generally speaking, the market price of polyester is temporarily in the pattern of mild consolidation. Of course, it is not possible to exclude some low-priced products with slight upturn.

4, China textile net yarn price Daily Bulletin: 22, the whole cotton yarn overall market is weak, the price trend is steady down, the whole cotton yarn 21s, 32S downstream jet weaving demand is still acceptable.