• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Global Cotton Price Trend In 2011/12

    2011/4/27 16:36:00 178

    Global Cotton And Cotton Prices

    According to the Cotton Corp monthly economic report, since the beginning of March, the New York futures index (the recent contract in May) has been greatly affected by 190 cents / pound to 210 cents / pound.

    The A index for the same period also fluctuated widely between 215 cents and 235 cents per pound.


    Despite the supply of 2010/11,

    Cotton price

    There is no obvious upward or downward trend, but the sharp fluctuations in prices reflect the consistent volatility of cotton prices.

    Last month, cotton prices in horizontal consolidation also showed some price trends reflecting cotton supply in 2011/12.


    The Chinese government is likely to boost cotton prices next year.


    In October last year, the Chinese government put 460 packages of national reserve cotton into the market.

    Not long ago, the Chinese government announced that it would buy cotton at the price of 19800 yuan / ton (at the current exchange rate of 136 cents / pound) to replenish the national cotton stocks.

    If the Chinese government purchases cotton reserves at this price, it will be difficult to reduce cotton prices to below 136 cents / pounds.


    The growth of US cotton acreage is not as high as predicted.


    According to the prediction report of cotton planting area released by the US Department of agriculture in March 31st, the growth of cotton planting area in the United States has not been as high as some private institutions have predicted.

    This prompted the price of cotton futures contracts in December to break through the limit of the maximum increase of 7 cents / pound, exceeding the range of the previous 120 cents / pound to 130 cents / pound.

    Recently, the price of the December contract has fluctuated between 135 cents per pound and 145 cents per pound.

    The new cotton A index climbed to more than 160 cents / pound, which represents cotton prices for cotton producers next year.


    Insufficient supply is the root cause of the current high cotton price.


    According to the latest report from the US Department of agriculture, the supply and demand of cotton is even more intense than previously predicted.

    Global cotton production is expected to drop by 417 thousand packages, down from 115 million packages to 114 million 500 thousand bales.

    Among them were the United States (-21.5 million package), Turkey (-15 million pack), Burkina Faso (-15 million pack) and Pakistan (-10 million pack).

    Brazil's output is expected to increase by 200 thousand bales compared with last month.

    Global cotton consumption is expected to increase by 518 thousand packs, from 116 million 600 thousand packs to 117 million 100 thousand bales.

    Countries with expected adjustment are Pakistan (+30 million pack), the United States (+10 million pack) and Brazil (-10 million pack).

    The decrease in production expectations and the increase in consumption expectation mean the end inventory reduction.


    Current global

    Cotton bank

    Storage is the lowest value since the age of globalization.


    In April, the end of the world cotton inventory is estimated at 41 million 500 thousand bales, which is 780 thousand less than expected in March.

    This is the first time that the end of global cotton inventory has reached such a low level since 1995/96. However, the total consumption of global cotton in is only 85 million 900 thousand packs, while the global cotton consumption in 2010/11 is expected to reach 117 million 100 thousand packages, which means that it will face lower inventory cost.

    The current global cotton inventory consumption ratio is 35.5%, which is the lowest in the era of globalization.

    As the largest exporter of cotton in the world, its inventory consumption has increased the intensity of global cotton supply.


    According to the latest data in April, cotton production in the United States is expected to decline, while consumption is expected to rise. This means that the end of the US inventory will drop by 300 thousand packets to the lowest level in history (1 million 600 thousand packs).

    Correspondingly, the United States

    Inventory consumption

    The ratio also dropped to the lowest point in history.

    At present, 8.2% of the inventory consumption ratio in the United States means that according to the current level of demand (exports plus U.S. factories), 2010/11 has only 3 weeks of surplus stock remaining to 2011/12.

    And its historical average is over 40%, representing about 5 months of consumption.


    With the rise of cotton prices, yarn prices also rose.


    The huge difference between spot price and futures price brings new problems to the whole cotton spinning industry chain, that is, how each link of the supply chain will react.

    With the rise of cotton prices, yarn prices also rose.

    Cotton prices are expected to drop sharply next fall, so worries about yarn prices are hanging over the spinning mills.

    In order to avoid the risk of yarn price reduction, some spinning mills decided to avoid buying cotton at the current high price of 200 cents / pound, and to spend the current high price on inventory or even by reducing production capacity until they could buy cheaper cotton.

    This strategy may be effective in the short term, but if many spinning mills adopt this strategy and purchase large quantities of new cotton after listing, it may increase the price of new cotton in autumn.

    {page_break}


    At present, the tight supply situation may stimulate the cotton planting area and output of 2011/12 to increase substantially.

    A preliminary forecast of 2010/11's new high cotton prices in the year of 2010/11 will lead to an unprecedented bumper harvest of cotton in the year.

    The US Department of agriculture will issue the cotton balance sheet of cotton producing countries for the first time in 2011/12 next month.

    If record production is expected to be achieved, the final inventory in 2011/12 will increase for the first time in 4 years, while the ease of supply will reduce the price of the year.

    The difference between May and June (2010/11) and December (2011/12) futures contracts between 70-80 cents / pounds has already initially reflected this expectation.

    • Related reading

    Textile And Garment Retail Sector Is Still In The Initial Stage Of The Market.

    quotations analysis
    |
    2011/4/27 14:42:00
    85

    Technical Barriers Eventually Become &Nbsp, And Profit Margins Have Been Squeezed.

    quotations analysis
    |
    2011/4/27 11:04:00
    65

    Domestic Cotton: Cotton Spot Continued To Decline &Nbsp; Market Pessimistic Atmosphere Strong

    quotations analysis
    |
    2011/4/27 10:56:00
    66

    April 2011 18~22 Day Cotton Market Weekly

    quotations analysis
    |
    2011/4/27 10:28:00
    116

    Comment On The Price Of Polyester Filament In Shengze And Jiaxing &Nbsp; 4.27

    quotations analysis
    |
    2011/4/27 9:18:00
    50
    Read the next article

    Experts Expose Clothing With Practical Tips

    In the face of colorful new prints and colorful prints, do you often feel dazed and confused when facing MM's colorful prints? It's too boring to dress yourself up as a magazine model according to the golden rule of fashion Bible. In fact, mastering the necessary skills can help you get twice the result with half the effort.

    主站蜘蛛池模板: 欧美大bbbxxx视频| 乱人伦中文字幕在线| 亚洲av无码国产一区二区三区| 一级试看120秒视频| 老扒的幸福时光| 日日婷婷夜日日天干| 国产剧情麻豆剧果冻传媒视频免费 | 一区二区三区国产最好的精华液 | 中文全彩漫画爆乳| 美国一级毛片完整高清| 幻女free性zozo交| 国产国产人免费人成成免视频| 久久精品国产色蜜蜜麻豆| 69av在线播放| 男人边吃奶边摸下边的视频| 日本在线色视频| 国产福利在线视频尤物tv| 亚洲乱码一区av春药高潮| 91资源在线播放| 欧美性色欧美a在线播放| 国产精品亚洲专区无码不卡| 亚洲精品乱码久久久久久蜜桃不卡| 99久久亚洲精品无码毛片| 欧美成成人免费| 国产男女猛烈无遮挡免费视频| 久久综合久久网| 跪着侍候娇吟羞辱鞭打| 暖暖直播在线观看| 国产做a爰片久久毛片a| 久久精品国产亚洲7777| 色老头成人免费视频天天综合| 成人免费福利电影| 人人妻人人澡人人爽欧美一区双| 80s国产成年女人毛片| 欧美高清性XXXXHDVIDEOSEX| 国产精品久久久久影院嫩草| 久久精品一区二区三区资源网| 老板在办公室里揉护士的胸视频| 奇米影视777me| 先锋影音男人资源| 2021国产麻豆剧果冻传媒影视|