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The International Cotton Market Is At A Steady Pace.

2011/3/14 17:05:00 64

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[international spot]

In March 11th, the price of China's main port of import cotton continued to decline, and the varieties fell by 3.5 cents.

With the downward trend of long-term quotations, textile enterprises' demand for new flowers increased in 2011.

US cotton export weekly showed that China signed a big increase in last week's US cotton contract.

Foreign analysts said that tight supply in the near future could further shift China's procurement to the next year, and cotton traders also reflected that Chinese importers were interested in purchasing cotton in the next year according to the ICE futures contract in December.

[International Futures]

ICE cotton market May contract opening price 201.34 (cents / pound, the same below), the highest price 207.98, the lowest price 196.60, closing price 204.42, settlement price 204.94, 396 points.

volume

26466 hands, increase 5143 hands.

On the same day, 209107 bags were registered, an increase of 5705 packages, 148 packages unqualified, and 26890 packages to be tested.

[domestic stock]

In March 11th, domestic cotton prices fell, and the national cotton price A index (CNCotton A) representing the 229 class cotton prices in the mainland was 32140 yuan / ton, down 23 yuan / ton compared with March 10th, and the national cotton price B index (CNCotton B) representing the 328 grade cotton price in the mainland was 31198 yuan / ton, down 24 yuan / ton.

[Zheng cotton futures]

In March 11th, Zheng Mian opened a low amplitude oscillation, but was soon blocked.

Cotton price

At one point, a slight rebound was observed after the 60 day moving average, which will be maintained in a short term or weak.

Among them, CF1103 contract average price 31185 yuan, fell 365 yuan; CF1105 contract average price 31500 yuan, fell 240 yuan; CF1107 contract average price 31500 yuan, fell 190 yuan; the market total turnover 2042506 hands, compared with the previous trading day reduces 81940 hands, accumulative total holds 573600 hands, increases 15858 hands.

[cotton information]

In March 10, 2011, the US Department of Agriculture announced the US cotton export report from February 25, 2011 to March 3rd.

In the week of 2010/11, the net volume of US cotton exports was 18 thousand and 800 tonnes, 46% less than the previous week, and 36% lower than the average of the previous four weeks. The main buyers were Mexico, Turkey, Vietnam, Indonesia and Guatemala.

Taizhou City, Jiangsu Province

Cotton yarn price

The price of OE10S remained stable. In March 11th, the price of OE10S was 34500 yuan / ton, the price of C21S was 42400 yuan / ton, the price of C32S was 44000 yuan / ton, and the price of JC40S was 50000 yuan / ton, all of which were flat with last week. The 3 Xinjiang corps cotton in the mainland quoted 33000 yuan / ton (public, self raised, cash, the same below), 2 Xinjiang real estate cotton price quoted was 32400 yuan / ton, and the price of 3 3 grade real estate cotton was 30500 yuan / ton, all of which dropped by 500 yuan / ton last week.

According to a local textile enterprise, the demand for the latter road is still not prosperous, with very few orders. At present, the yarn stock of enterprises has increased to about 32 days, setting the highest inventory record since this year, and a large number of funds are under pressure.

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In March 11th, Japan's strong earthquake hit the global market, but with the gradual stabilization of investor sentiment, the US stock market reversed its downward trend and edged higher.

Commodity markets are generally weakening, but ICE cotton futures are buying at the late stage, pushing up the main contract.

The increase in cotton prices is mainly a technical rebound, the next trend is also to see the attitude of investors.

Although the supply and demand of cotton is still tight, the pressure on the cotton price is heavier, and the short-term shocks are still high.

From the perspective of domestic macroeconomic policies, stabilizing prices is the top priority of the country this year. From the perspective of monetary factors, it is an inevitable choice for this year to appropriately recycle liquidity.

Under such circumstances, the overall upward trend of commodities will be suppressed, and cotton is also difficult to escape. Zheng cotton will probably continue the high and volatile market in the future.