Domestic Cotton Prices Continued To Decline &Nbsp, And International Cotton Prices Rose Again.

The near future, Textile enterprises Continue to reduce Yarn price But Deal It is still not warm. Purchase Weakening effect Psf Price Fall 。 Spin Sale The situation is still in the doldrums, cotton purchasing is weak, cotton enterprises' willingness to store cotton will weaken, and cotton prices will continue to slide. In April 8th, 32 cotton combed yarn prices were quoted at 36400 yuan / ton, down 400 yuan / ton last week, or 1.1%, and the polyester staple price was 13950 yuan / ton, down 500 yuan / ton, or 3.5% lower than last week. The average price of cotton seed purchase in the mainland is 6.05 yuan / kg (the price of cotton seed purchase is 27271 yuan / ton), down 0.13 yuan / Jin from last week, or 2.1%. The national cotton price B index, which represents the average selling price of lint cotton in the mainland, is 29704 yuan / ton, down 407 yuan / ton compared with last week, or 1.4%, and the average price of Xinjiang standard lint sale is 30609 yuan / ton, down 310 yuan / ton, or 1% lower than last week. Zhengzhou cotton futures contract settlement price of 29060 yuan / ton in May, down 5 yuan / ton compared with last week, or 0.02%, and the national cotton trading market electronic matching transaction average price of 28446 yuan / ton in May, unchanged from last week.

National tightening control policies continue to advance, and downstream consumption continues to pick up. The people's Bank of China announced that since April 6th, the benchmark interest rates for one-year loans and loans of financial institutions have increased by 0.25 percentage points respectively, which is the second time the central bank has raised interest rates this year. The national development and Reform Commission announced that the maximum retail price of gasoline and diesel will increase by 500 yuan and 400 yuan per ton respectively since April 7th. The pressure of rising prices will increase or restrain domestic consumption. At present, the production and marketing situation of textile industry is still in the doldrums, the purchase of yarn and cloth in downstream enterprises is cautious, the order of textile enterprises is weak, the inventory of finished products increases, and prices continue to decline. Some cotton mills in Jiangsu and Zhejiang provinces have stopped production or limited production. Before the downstream sales start, cotton demand is difficult to be released quickly, cotton enterprises have greater pressure on sales, and cotton prices will remain weak.

With the further downward trend in the US dollar index, commodity prices such as gold and oil have soared and cotton futures have risen sharply. In April 8th, New York cotton futures contract settlement price in May was 202.97 cents / pound, up 7.42 cents / pound compared with last week, or 3.8%. The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariffs. The import cost of the folded renminbi is 38825 yuan / ton, up 1139 yuan / ton, or 3%, compared with last week. According to the sliding tax, the import cost of the folded renminbi is 39014 yuan / ton, up 1128 yuan / ton, or 3%, compared with last week.

The international cotton market is strong. Although loose monetary policy is facing a turn, the European Central Bank's interest rate increase and other factors will cause some pressure on the market. However, the situation of the international cotton market is expected to remain strong in the short term. First of all, the European Central Bank raised interest rates to boost the value of the euro, and the US dollar index continued to slide. Japan's earthquake and the panic in the Middle East eased, commodity prices strengthened again, and cotton prices were expected to remain strong. Second, the sale of American cotton is still very active. The United States Department of Agriculture announced the 25-31 US cotton export report on March 2011, which showed that the demand for long-term cotton in the United States was strong. When the week was 2011/12, the net contract volume of the US cotton exports was 60 thousand and 800 tons. The export volume of us upland cotton exports is 118 thousand tons, an increase of 15% over the previous week, an increase of 27% over the previous week's average level, setting the highest level since the current year. In addition, the International Cotton Advisory Committee (ICAC) released the April Global Forecast of global production and demand. In March, the world's cotton production was reduced by 447 thousand tons to 24 million 461 thousand tons, while the consumption volume was increased from 128 thousand tons to 24 million 831 thousand tons. The end to end inventory consumption ratio dropped to 33%, down 4 percentage points from the previous month.