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One Word: Cotton Is Still A Driving Force.

2011/2/14 10:41:00 35

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After the festival, at home and abroad

market

Driven by the linkage effect, ICE cotton futures prices soared again, breaking through the integer mark of 190 cents / pound last Friday, creating a new high in history.

Driven by such strong cotton, domestic cotton is still at the current price level.

Rise

Power.

Inflation pressures rise in Asia Pacific

At the beginning of the new year, many Asia Pacific countries

Economics

Data released by the body show that inflationary pressures are rising.

According to the data released by the Korea Statistical Bureau in February 1st, the CPI in January increased by 4.1% over the previous year, exceeding the target range of 2% to 4% set by the Central Bank of Korea for the first time in 3 months.

Indonesia's Central Bureau of Statistics announced on February 1st that Indonesia's CPI rose by 7.02% over the same period in January, driven by rising food prices, exceeding market expectations.

Philippines's National Bureau of Statistics announced in February 4th that CPI rose 3.5% in January, higher than market expectations, hitting a 5 month high.

On that day, the Bank of Australia also raised its CPI growth forecast from 2.75% to 3% in 2011.

Federal Reserve Chairman Bernanke said 3 days that the pace of US economic recovery in 2011 should be accelerated. However, the high unemployment rate and low inflation rate require the Federal Reserve to continue to take stimulant measures and will continue to push global inflation.

This week, our country will announce the January economic data. Due to the influence of the Spring Festival, the overall price will rise slightly from last month, and the relevant agencies expect the CPI index to exceed 5%, a new high.

To this end, in February 8th, the central bank announced that the benchmark interest rate for Renminbi deposits and loans of financial institutions should be raised by 0.25 percentage points.

Growing planting area in China and America

According to NCC US cotton planting intention survey report, the cotton planting area in 2011 is expected to reach 12 million 500 thousand acres, an increase of 14% over the 2010 year.

Among them, the area of upland cotton will reach 12 million 300 thousand acres, 14% higher than that in 2010, and the area of long staple cotton is 251 thousand acres, a significant increase of 23%.

This is the result of the annual meeting of the American Cotton Association from 4 to 6 February.

The cotton association of China Cotton Association and Xinjiang Huatai Cotton Professional Cooperative respectively investigated cotton planting intentions in 12 provinces and Xinjiang autonomous region in 2011. It is estimated that the total area of cotton planting in 2011 will be 84 million 550 thousand mu, which is 9.8% higher than that of the previous year.

However, the planting area of China and the United States is expected to increase in the future, and the situation of market supply and demand can not be changed in the short term. Cotton prices will remain strong in the coming months.

After the festival, the market is warming up.

After the Spring Festival, the market of polyester staple fiber in China continued to warm up, the market atmosphere was good, and the upstream market performance was better. Although the market price was no longer rising, the price remained at a high level above 1600 US dollars per ton, and the market is expected to remain stable.

The PTA market has been doing well recently, the price is still rising, the current market is strong, the market quotation is 11900 yuan / ton, and the negotiating price of the external market is about 1480 dollars / ton.

At present, the mainstream of short and short 1.4D arrived at the paction price of 15000 to 15400 yuan / ton, and the market is expected to gradually enter the right track after the Lantern Festival.

The operation rate of downstream enterprises has gradually returned to normal, and the polyester and short market is bound to rise again, boosting cotton's continued high operation.

Due to the low global cotton stocks, tight supply and strong demand for dollars and the continued depreciation of the US dollar, the substantial factors of cotton prices this year still exist. In addition, the recent rise in the short and short term of replacement products and the continuous rising of yarn prices in the lower reaches have led to the rise in cotton prices to related products and downstream products. The cotton prices will remain strong this year and will continue to hit a new high with the impetus of foreign cotton.