Index Weekly Review: &Nbsp; Spot Trading Increased Slightly; Some Yarn Prices Increased By &Nbsp; Sporadic Acquisition Of Small Factories Active.
Last week (8.29-9.2) domestic cotton prices continued to expand slightly. rebound The volume of turnover has increased, and the main force of turnover is still high grade cotton. Textile, affected by cotton, polyester, short, short stick, the downstream related yarn market also has good signs, sales greatly reduced. As for the new cotton, as of the end of August, cotton production in other cotton growing areas in Jiangsu was good except for the cotton growing areas in the country. Although there was occasional rain, there was no continuous rain and little impact. However, the situation in Jiangsu was not good this year. In August, there was continuous heavy rain or continuous rainfall. The weekly average price of China's cotton price index (CC Index328) was 19292 yuan / ton, up 185 yuan from the previous week, 229 yuan 20853 yuan / ton, up 218 yuan, 527 yuan 16503 yuan / ton, up 224 yuan. Last week electronic Match up The center of gravity continues to move upward.
First, domestic stock: a slight increase in spot trading, part of the yarn price increase, sporadic acquisition of small factories active
Last week on behalf of domestic cotton spot prices of Chinese cotton price index Continue to rebound slightly, turnover increased compared with the previous week, some hands of cotton enterprises to seize the opportunity to actively shipping. Last week, the relevant departments announced the relevant announcement of the new year's collection and storage. According to the regulations, the price index of the 5 working days is below 19800 yuan / ton, that is, the implementation of the purchase and storage. At present, China's cotton price index is lower than the 19800 yuan, which is about 500 yuan. At present, there are already sporadic acquisitions in the mainland. Large factories of type 400 do not have many factories, but some small factories are very active in participating in the acquisition. Sale Do not stock up. At present, there are small factories in Hubei to purchase 4 grade cotton and offer 3.5 yuan / Jin, and the water is still less than 20, and the water is still very large. Xinjiang's 3 grade cotton, the highest purchase price of 10 water is 4.25 yuan / Jin, and the purchase price of Shanxi and Shaanxi is mostly about 4 yuan / kg, but the cotton farmers' sale is not positive. Textile, along with the recent rise in cotton prices, the downstream purchase of cotton yarn enthusiasm has slightly improved, turnover has increased, some manufacturers will be low price quotas increased by 500-1000 yuan / ton. However, because most of the cotton yarn is still purchased in small quantities at present, the overall stock of cotton yarn is still large, and there is still a lot of pressure on the sales of spinning mills. At present, the expected traditional peak season in September did not bring much orders, and the order of enterprises is still not ideal.
Now is the key time for peach to cover peach tops. The recent temperature and rainfall are particularly important for cotton production. It is understood that on September 1-3, Hebei cotton area ushered in a continuous low-temperature and rainy weather, 4 weather has cleared up, is expected to have little impact. It is expected that this week there will be moderate to moderate rain in Jianghuai, Jiangnan and Southern China. Some heavy rain and local rainstorms in some areas such as Jianghuai and other areas suggest that some areas in the Yangtze Huaihe River and Southern China should pay attention to timely drainage of farmland water, improve humidity conditions in the field, and reduce the adverse effects of rain on cotton bolting and bolting.
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Two, electronic matching: shrink and increase the center of gravity continue to move upward
Last week (8.29-9.2), the cotton trading market of the national cotton trade reached 53940 tons, which was 6640 tons less than that of the previous week. Weekly orders increased by 2200 tons, and the cumulative order was 74660 tons.
當周撮合有如下特點:一、當周成交總量減少,日均成交量10788噸,與前一周日均成交量相比減少1328噸,除遠月合同MA1201和MA1202兩個合同成交量增加外,其余合同成交量均較上周減少,其中MA1112合同成交量減幅萬余噸,從日成交情況上看當周仍有一日成交量低于萬噸,僅成交6000余噸;二、當周訂貨量增加,除去MA1109合同訂貨量減少外,其他合同訂貨量均繼續增加,其中MA1202合同訂貨量增幅最大,遠月兩個合同訂貨量較為強勢,國家即將實施收儲,后期市場價格被看好;三、當周撮合各合同中幅上漲,近月合同漲幅大于遠月合同,其中MA11109合同均價漲353元,居于各合同之首,所有合同均價均會升值收購價19800元/噸一線以上,近期合同MA1109均價19951元同中國棉花價格指數328周均價19107相比高659元。
Three, international market: KATIA transit main force top 109 cents / pound
Last week, the spot price of international cotton futures rebounded slightly, and the external market was supported by the external commodity market. The underlying market was concerned about the impact of tropical storm KATIA on the southeastern cotton region in the early weeks of the week. The main contract was concussing between 93.20-109.00 cents in the past 7 weeks, and the next target was 109 cents / lb last week. The overall impact of Hurricane Aileen on the US cotton in the late weeks has been limited. The impact of the new storm in Mexico Bay on cotton needs to be further concerned. India's output is expected to increase substantially and the pressure on the United States and cotton will grow. On the technical side, the random index and RSI index are neutral, and the short term downward support level is 93.72 cents in the market. Whether the uplink can break through 109 cents is under pressure. The weekly average price of cotton futures contracts in the ICE period was 105.65 cents per pound, up 1.07 cents / pound from the previous week, while the international cotton spot price Cotlook A index averaged 115.63 cents / pound weekly, up 0.24 cents / pound from the previous week.
Four, market outlook
Continue to pay attention to weather changes, it is expected that this week, Eastern Gansu, southern Ningxia, central and southern Shaanxi, southern Shanxi, Henan, Hubei and other places have moderate to heavy rain, local rainstorm weather process; Shaanxi southern, Western Henan, northern Sichuan basin, the total rainfall up to 110~150 millimeters. It is suggested that all cotton areas should seize the precipitation gap and harvest in time. Drainage and waterlogging We should take corresponding measures to improve ventilation and light transmittance in the field and promote cotton maturity.
Although the price rebounded slightly in the spot market, the downstream enterprises indicated that the order still had no substantial improvement, so it was not easy to be too optimistic. The purchase and storage is expected to start within this week, but the initial reserves are not expected to be expected in October. store up There will be a peak period for storage.
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