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    Review Of Cotton Products Weekly Market And Forecast For Future Market (2.14-18)

    2011/2/21 18:33:00 147

    Aftermarket Of Cotton Products

    First, cotton products market weekly market review


    1. Seed cotton Quotes


    This week, Dezhou, Shandong

    Unginned cotton

    Prices continue to rise.

    At present, the purchase price of the local weak 3 grade seed cotton is about 6.40 yuan / jin (36% of lint, 10% of the moisture regain, the same below), and the increase is 0.20 yuan / Jin before the festival.

    Recently, the cotton enterprises' start-up rate in Xinji, Hebei has increased significantly, but the selling mentality is strong.

    Now the local weak 3 grade seed cotton price is quoted at 6.5 yuan / jin (lint 38%, moisture regain 12%, the same below), 4 level 6.4 yuan / Jin, all increased 0.10 yuan / Jin compared with 17 days.


    Jiangsu Xinghua region this week cotton prices are also rising trend, most local cotton enterprises optimistic about the market, and actively buy seed cotton, and textile production has not fully recovered, the procurement of raw materials are mostly wait-and-see attitude.

    The purchase price of grade 3 seed cotton is now 5.50-5.60 yuan / jin (about 36% of the lint percentage, 11% of moisture regain), and the purchase price of 4 grade seed cotton is 5.30 yuan / jin (the lint rate is 35% or so, 11%), which is 0.10-0.30 yuan / Jin before the Spring Festival, and the price of 5 grade seed cotton is 4.4-4.5 yuan / jin (lint rate 33-34%, moisture regain 11%).


    2.

    lint

    Quotation


    This week, the price of lint cotton in Handan, Hebei increased by a large margin. Currently, the three class cotton covered cotton is 30500 yuan / ton (delivery price, gross weight, settlement), weak three grade cotton wrapped 30000 yuan / ton, four level 29700 yuan / ton, five grade 26200 yuan / ton line.

    The price level rose by 1000-1500 yuan / ton compared with last week. The price of lint cotton rose sharply in Xinji District of Hebei this week. Now the 3 class bales of cotton are quoted at 31300 yuan / ton (pick up, gross weight, with the same ticket), 4 level 30900 yuan / ton, 4 4 30600 yuan / ton, 5 level 27900 yuan / ton, all up to 500 yuan / ton on the 17 day, and the weak category seed cotton price quoted at the yuan yuan / jin (the clothing score, the moisture regain, the same below), the level of yuan yuan / Jin, the total flower 6.2-6.3 yuan / Jin, all of which rose by more than RMB yuan / Jin.

    Today, the purchase price of weak 3 grade seed cotton in Dezhou, Shandong is around 6.40 yuan / jin (36% of lint, 10% of the moisture regain), and the 4 grade lint price is 30000 yuan / ton.


    It is reported that in 2010, the textile industry actually completed investment amounting to 400 billion 600 million yuan, an increase of 1.51 times compared with 2005, an annual growth rate of 20%, and the proportion of domestic textile enterprises above Designated Size accounted for 81.37%, an increase of 10.38 percentage points over 2005.

    At present, the international economic environment has improved as a whole, and the world economy has been out of the mire of the financial crisis. It is expected that the international market of textile and clothing in 2011 is expected to grow moderately.

    Demand remains strong, but domestic supply is limited.

    Overall, domestic cotton is still in short supply, and cotton prices continue to run high.


    3.

    Imported cotton

    Quotation


    This week, influenced by international factors, the quotation of China's main port of imported cotton continued to rise. Now the price difference between imported cotton and cotton in the mainland is larger than that in the mainland.

    The risk of cotton business has surged, and some cotton merchants have been cautious in their quotations, waiting for the next step in the market.


    On Friday, FC Index S imported cotton to Hong Kong at a price of 231.54 cents / pound, up 10.62 cents / pound compared to Monday; FC Index M imported cotton to port price 227.25 cents / pound, up 9.71 cents / pound compared to Monday; FC Index L imported cotton to port price 224.42 cents / pound, 9.91 cents higher than Monday.


    In January 2011, China imported a total of 392 thousand tons of cotton, compared with 69 thousand tons in December 2010, a decrease of 15.1% in the ring ratio, an increase of 91 thousand tons over the same period last year, an increase of 30.9%.


    In addition, in February 15th, the Australian Agriculture Resources Economics Bureau released the latest forecast that Australia's cotton production in 2010/11 was 839 thousand tons, a decrease of 6.2% compared with the 56 thousand tons forecast in December last year.

    At present, the US Department of agriculture (USDA) expects Australian cotton production to be 870 thousand tonnes this year, but with Australian official data coming out, USDA is expected to reduce its output in the monthly forecast released later.


    Two, downstream products market performance


    This week, the overall market quotation of yarn market has been raised, but the market has not done much.

    If the market of human cotton yarn is rising, the volume of trading is obviously insufficient.

    Now Jiangsu and Zhejiang market 20s cotton yarn quoted price 32000 yuan / ton, 30s people cotton yarn quoted price 32800 yuan / ton.

    Shandong Changyi raw material market 21s siro spinning machine mainstream yarn quoted price in 32000-33000 yuan / ton, 32S siro spinning machine mainstream yarn quoted price in 33500-34500 yuan / ton, 40s siro spinning machine mainstream yarn quoted price in 34500-36000 yuan / ton.


    Three. Outlook for future market


    At present, most textile enterprises are afraid of cotton prices. On the one hand, most cotton traders are reluctant to sell. On the other hand, textile mills are hesitant to buy cotton.

    At the same time, just after the Spring Festival, most enterprises are short of labor shortage, production costs and export hesitation.

    But with the end of the Spring Festival, cotton demand will be enlarged and cotton prices will continue to rush.

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