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Textile Enterprises To Reduce The Purchasing Price Of Lint &Nbsp

2011/10/20 9:30:00 31

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Interpretation Of Lint Purchasing In Textile Enterprises

This week (October 12-18), domestic cotton prices

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Continuation of the decline, the purchase price index rose, which represents the mainland's 229 cotton price A price index (CNCottonA) average price of 21224 yuan / ton, compared with last week fell 105 yuan / ton; on behalf of the mainland 328 grade cotton price of the national cotton price B index (CNCottonB) average price 19760 yuan / ton, down 104 yuan / ton; 428 cotton average price 18817 yuan / ton, down 41 yuan / ton; China cotton purchasing price index (CNCottonS) average price 18791 yuan / ton, up 119 yuan / ton.

This week, the national cotton monitoring

Price

Continue to fall, in October 18th, the national cotton monitoring price index was 19744 yuan / ton, compared with October 11th fell 114 yuan / ton; with the decline in spot prices, the advantages of purchasing and storing prices gradually emerged, and the number of storage and storage enterprises gradually increased, and the turnover volume was 2000 tons over two consecutive trading days.

As of October 18th, a total of 7070 tons of storage and storage were received.

Inland

Turnover of 1590 tons, Xinjiang turnover of 5480 tons.

In October 12th, the US Department of agriculture (USDA) released the forecast for the world's cotton production and storage this year. Compared with last month, it increased the supply and ending inventory and reduced consumption, of which the initial inventory increased by 196 thousand tons and the output increased by 268 thousand tons. Due to the current market demand, coupled with the slowdown in global macro-economic growth, consumption dropped by 183 thousand tons, ending inventory rose by 636 thousand tons to 11 million 938 thousand tons, and the inventory consumption ratio reached 48%, slightly higher than the average in the past 5 years.

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This year's global cotton supply adequacy is higher than expected, which will bring a lot of pressure to cotton prices.

In the domestic market, this week, a large textile group in Shandong called a "wind vane" has purchased the price of naughty cotton for 3 consecutive days. Following the 15 and 16 days of October, the purchase price of 4 grade lint was reduced by 200 yuan / ton and 300 yuan / ton respectively. On the morning of 17, the purchase price of 427 grade lint was reduced by 200 yuan / ton on the morning of 17. At present, the purchase price of 3 grade lint remains unchanged at 19800 yuan / ton.

According to a cotton enterprise, the large textile enterprise requires strict requirements for foreign fibers and moisture when purchasing lint.

Affected by the reduction of the purchase price of lint cotton, the price of seed cotton purchase in most parts of the country is reduced by 0.1-0.2 yuan / Jin, and the mainstream price in Xinjiang is about 4.50 yuan / kg, and the mainstream price in the mainland is 4.20 yuan / Jin.

Cotton farmers are reluctant to sell because prices are lower than expected. Cotton enterprises are cautiously bought because of their small profits. Some cotton companies even stop collecting and processing.

lint

Temporarily stored in the factory.

However, the recent matchmaking and the gradual weakening of Zheng cotton futures prices have also increased the enthusiasm of enterprises to participate in storage.

As of October 18th, all cotton prices were closed at the price of 19800 yuan / ton, the contract price fell to 19400 yuan / ton in recent months, while the price of zhengcotton futures continued to decline, gradually closing to the closing price, half of the contracts refresh the pre lows, and the weak atmosphere of cotton city is strong.

If the price of seed cotton and lint prices continue to fall, and the procurement of textile enterprises is not improving, most enterprises will be put into storage.

At present, all parties in the market have expressed great concern for the purchase and storage of our country.

store up

The magnitude of the volume will have a significant effect on the cotton price trend in the later stage.

In October 18th, the National Bureau of statistics issued the national economic performance in the three quarter of 2011. Data show that the gross domestic product (GDP) in the three quarter increased by 9.1% over the same period last year.

According to the insiders, the data show that China's economy is running smoothly, but the GDP growth rate is still above 9%, and CPI is still at a relatively high level. At present, monetary policy will not be further tightened, but it will not have a clear basis for easing.

In the international market, the current international economic situation has not improved. The German finance minister said that the upcoming EU summit would not introduce a clear solution to the euro area debt problem, which made the market once again worried about the European debt crisis, and the Federal Reserve's manufacturing industry in October.

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Shrinking for 5 consecutive months shows that the international environment is still empty.

At present, the above factors will bring pressure to cotton price operation. If there is no obvious change in fundamentals, the weak oscillation market will continue. Pay attention to the order situation of downstream textile enterprises and the third phase of textile and apparel products paction that will be held on October 31st -11 4.