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Rate Hike Is Expected To Increase &Nbsp; Cotton Is Still Difficult To Get Out Of The Weak Situation.

2011/6/27 14:36:00 59

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The near future

cotton

As the dollar index rebounded sharply, coupled with the lower sales of cotton yarn, it is still difficult for the latter cotton to get out of the disadvantaged situation.

Spot prices fell steadily

Last week, China's cotton price index fell steadily, and there was no expansion in market volume.

Spin

Enterprises are still few, on the other hand, the number of enterprises is small and the price is low.

Recently, some acquisition points of Shandong Wei Qiao textile Limited by Share Ltd stopped buying, even if the acquisition, its quality requirements are very strict.

yarn

Quotations have also been reduced.

Rate hike is expected to heat up

In June 14th, the data released by the National Bureau of statistics showed that CPI was 5.5% in May.

Subsequently, the central bank announced that the reserve requirement ratio increased by 0.5% since June 20th, which is the sixth time the central bank has raised the deposit reserve ratio in six months.

At the end of 5, the balance of broad currency (M2) was 76 trillion and 340 billion yuan, an increase of 15.1% over the same period last year. The balance of foreign currency loans was 54 trillion yuan, an increase of 16.9% over the same period last year. The balance of RMB loans was 50 trillion and 770 billion yuan, up 17.1% over the same period last year.

A series of data shows that the central bank is likely to increase interest rates in the near future.

US cotton export contract cancelled more than new contract volume.

Last Thursday, the US Department of Agriculture announced the US cotton export report from 10 to 16 June 2011.

When the number of textile mills cancelled more than the new contract volume, the net contract volume of us land cotton exports was -0.51 million tons in 2010/2011, of which China cancelled 3 thousand and 800 tons.

Commodities are under pressure.

The US Labor Department said that after seasonally adjusted, the US CPI rose 0.2% in May and the core CPI grew by 0.3%, the largest increase since July 2008.

The risk of investor sentiment has increased, the US dollar has been sought after, and the US dollar index has rebounded strongly, forcing the US stock market and the commodity market to drop overall.

At the same time, the Fed lowered the forecast of US economic growth, announced that QE2 will end as scheduled on June 30th, but maintain ultra-low interest rates unchanged, and the ICE cotton later period will continue to be vulnerable.

The import and export of textiles in China in May is not optimistic.

According to customs statistics, China imported 144 thousand and 600 tons of cotton in May, a decrease of 65 thousand and 900 tons compared with April, a decrease of 31.31%, an import cotton yarn of 51 thousand and 300 tons, a decrease of 17.35% in the ring ratio, a decrease of 45.36% over the same period last year, 33 thousand and 500 tons of cotton yarn exported, 28.96% reduction in the ring ratio, and a 42.15% decrease compared with the same period last year.

I believe that the downstream textile industry downturn, macro monetary policy continued to tighten, import and export data in the month than the year-on-year decrease, will lead to the late cotton vulnerable.