Textile Enterprises Recruitment Difficult Spot Trading Is Not Satisfactory
Last week (2.14-2.18), the domestic cotton period was driven by the sharp rise in spot prices of international cotton futures. Goods in stock Prices have also risen sharply, and market volume has shrunk during the same period. Mainly textile mills are mostly consumed before purchasing the Spring Festival, and there are not many temporary purchases. On the other hand, spot prices in various places are up one thousand or two thousand yuan before the festival, and textile mills have become cautious in purchasing. According to the network survey, as of the end of January, the national cotton seed purchase progress was 92%, lower than the same period last year, the the Yellow River basin Hebei, Shandong and Henan provinces acquired three of the country's progress. The weekly average price of China's cotton price index (CC Index328) was 29892 yuan / ton, up 764 yuan from the previous week, 229 yuan 30848 yuan / ton, up 807 yuan, 527 yuan 27293 yuan / ton, up 675 yuan. In the same period, the volume of electronic matching decreased and the quantity of orders increased.
I. domestic stock: Goods in stock Prices are rising sharply, and textile companies are hard to recruit.
Last week, China's cotton price index on behalf of domestic cotton spot prices continued to rise, and spot trading was slack. After the Spring Festival, cotton prices rose by around 1000-2000 yuan / so, and the sales price of Xinjiang cotton increased by 3000 yuan / ton. The sharp rise in spot prices was driven by the recent sharp rise in agricultural prices. On the other hand, the spot price of the international cotton futures rose sharply, and the resources available in the international market were limited. After the Spring Festival, the sales volume of cotton yarn in textile mills has increased. Especially for the pure cotton lines, such as 21S two shares, 32S two shares and 40S two stocks, the demand for goods is surging, and a commodity is hard to find, because most of the stock lines have been sold out years ago, and post production reproduction also needs a process, so the spot market is very few. However, according to the feedback from the information staff, the sales of the yarn in some areas seem to be in the presence of a reduction in sales. Whether the power of the downstream market is strong remains to be further observed. After the Spring Festival, textile enterprises reappear the phenomenon of recruitment difficulty in previous years. This phenomenon exists not only in the Yangtze River Basin, but also in the textile factories in the mainland.
Last week, after the fifteen Lantern Festival ended in January, more and more processing plants began to start up, and cotton farmers began to sell. According to the survey, there are only a large number of cotton seeds in the Yellow River basin, Hebei Province, Shandong Province and three places. The slow progress of the purchase of three places in Hebei, Shandong and Henan lies in the fact that cotton farmers are still looking forward to high prices, so the sale is not positive.
Two, electronic matching: increasing volume and increasing.
Three, the international market: Cotton breaking 2 cents, higher than the next day limit.
ICE cotton rose in the previous week, the first day of last week there was a high adjustment, cotton futures contract in recent months, a two hundred or three hundred yuan decline, then cotton in the external agricultural product drive and cotton cotton production reduction factor, the fund's massive speculation cotton continuous trading, 17, March and May contract broke 200 cents. On the 18 day, China raised the deposit reserve rate again, and at the same time, the pressure of profit taking led to ICE cotton cotton rising from 700 point to 700 point limit, wide fluctuation and heavy volume limit. From the recent contract to the 12 year October, the contract was all down. The weekly average price of ICE cotton contract in May was 192.56 cents / pound, up 13.95 cents / pound from the previous week, and 194.83 cents per week in March, 13.24 cents higher than the previous week. Meanwhile, the average price of the international cotton spot price Cotlook index was 222.34 cents / pound, 15.69 cents higher than the previous week. Last week, China imported cotton price index FC Index M weekly average price of 219.41 cents / pound, discount 1% tariff and sliding tax were higher than the Chinese cotton price index CC Index328 weekly average price of 6681 yuan and 6965 yuan.
Four, market outlook:
Customs data show that in 2011 January, China imported 392 thousand tons of cotton, an increase of 31% over the same period, indicating that domestic market demand is still relatively strong. At present, the domestic market is mainly concerned about the operation of the textile industry. If the production and sales of domestic textile factories are good at the later stage, then the domestic cotton price will be affected by the supply and demand situation. The high cotton price is still possible. But if the sales of textile orders are not good enough and the demand for raw materials is not strong, cotton prices will fall.
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One Word: Demand Is Strong, Cotton Is In Short Supply, Cotton Prices Are Expected To Rise In The Future.
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