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Demand Is Scarce, Supply Is Increased By &Nbsp; Spot Price Is Low.

2011/5/25 15:26:00 65

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Recently, the international commodity market has been declining, and the global stock market and China stock market are "miserable green".

Goldman Sachs, Morgan, CICC and other investment banks have cut down on commodities, especially the expectations of agricultural products. The ICE market contract in July and the Texas drought in the United States have not changed the pattern of the downward trend of the cotton market.

HSBC Holdings announced in May 23rd, HSBC China manufacturing industry in May.

Purchase

The initial value of the PMI is 51.1, which is slightly lower than the April HSBC China PMI final value, indicating that the domestic manufacturing boom is cooling down.

Meanwhile, the US real estate market is still in the doldrums, the recovery of the labour market is slow, the economic slowdown is continuing, and inflation has intensified in some European countries.

The above concerns aggravated the concerns of market participants.

Although recently, Qingdao, Shanghai, Zhangjiagang and other bonded areas SM, M level

American cotton

India cotton and Uzbekistan cotton spot prices generally fell to 26000-27000 yuan / ton interval (buyers bring their own quotas), cotton traders and traders in China still rely mainly on wait-and-see, only interested in Australian cotton and Brazil cotton sailing during the 3-5 month of 2012, but they also have many inquiries and fewer orders.

A foreign trader said that due to the weakening pressure on ICE futures, the export of cotton in India was variable. In addition, a small area of rainfall in the United States in the first few days accelerated cotton planting. Therefore, cotton producers actively implemented the pre contract, and the impact of domestic and foreign cotton prices fell sharply, and the number of domestic cotton mills and traders increased.

In May 23rd, the quotations of all cotton quotas were generally high. The main feature of the market was that there was almost no deal and the supply of goods increased.

Us EMOT SM and grade M cotton 6/7 month shipping price is still up to 183.6-183.9 cents / pound and 183-183.30 cents / pound. Under the sliding tariff, the port's net weight pick up price is still 30750 yuan / ton and 30620 yuan / ton, but actually domestic.

Trader

The paction price has dropped to below 28000 yuan / ton.

The price of West Africa cotton is 3-4 cents lower than the same grade cotton, India cotton and central cotton.

A large domestic trader said that in late May, the price of M grade cotton in Qingdao port was between 26500-27500 yuan / ton. On the one hand, it was concentrated in port in May. On the other hand, it was relatively short term capital pressure. Therefore, the price of M grade cotton spot was only 26000 yuan / ton (buyers with quotas and port pick-up), which was lower than the normal price of 500 yuan / ton, but the domestic cotton mills with inquiry and order were still not many, and the market wait-and-see sentiment was heavier.