Domestic And Foreign Cotton Prices Do Not Change In The Doldrums &Nbsp; Cotton Purchase And Storage Continued To Volume.

Recently, downstream consumption has not been improved.

Due to the sluggish spot market, purchasing processing enterprises increased the intensity of storage and storage, and the volume of storage and storage increased significantly. In October 31st, 4 days in -11 month, 154820 tons of storage were collected, an increase of 82420 tons, an increase of 113.8% over last week.

As of November 4th, a total of 250880 tons of storage and storage pactions were received this year, of which 69240 tons were traded in the mainland, accounting for 27.6%, and 181640 tons in Xinjiang, accounting for 72.4%.

Macro policy has recently been fine-tuning, but the downturn in downstream demand still restricts future cotton prices.

In October 2011, the purchasing managers index (PMI) of China's manufacturing industry released by the Federation of logistics and purchasing was 50.4%, down 0.8 percentage points.

After a slight rebound in the first two months, it fell into a downward trajectory again.

Judging from the sub index, the new export orders index has fallen by more than 2 percentage points, indicating that the trend of social demand growth is down obviously.

At present, the production and marketing of China's textile industry is in a doldrums, sales of yarn and cloth are weak, the finished product inventory is picking up, and the number of production and production restrictions has increased.

In addition, recently, domestic storage and storage volume has even reached a record high, and the enthusiasm of cotton enterprises for storage has increased significantly, which is also a reflection of the weak demand for cotton in the lower reaches.

As domestic consumption and cotton demand are hard to pick up quickly, cotton spot prices are expected to weaken further.

The International Cotton Advisory Committee (ICAC) continued to cut down on cotton consumption. Global cotton supply continued to increase and demand was insufficient, and cotton prices showed a downward trend.

In November 4th, New York cotton futures contract settlement price in December was 98.7 cents / pound, down 5.6 cents / pound, or 5.4%, compared with last week.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated on the basis of 1% tariffs. The import cost of the folded renminbi is 18655 yuan / ton, down 1347 yuan / ton, or 6.7%, compared with last week. According to the sliding tax, the import cost of the folded renminbi is 19044 yuan / ton, down 1333 yuan / ton, or 6.5% lower than last week.

The International Cotton Advisory Committee (ICAC) released the November Global Forecast of global production and demand. It is estimated that the global cotton consumption in November will be 24 million 600 thousand tons, down 120 thousand tons from last month.

This year, global production exceeds consumption by 2 million 300 thousand tons, and inventory consumption is expected to rise to 55%.

The recent US cotton export report shows that in the week of 21-27 October 2011, the net volume of US cotton exports in the 2011/12 year was 20 thousand and 900 tons, down 66 thousand and 400 tons compared with last week.

At the recent summit of the group of twenty (G20), leaders failed to reach agreement on the plan to solve the European debt crisis through the IMF. The euro zone debt crisis problem has not yet been resolved, and market confidence is hard to recover. Coupled with the continuing pressure on global cotton prices due to the global demand for cotton supply, cotton prices are still hard to shake off the weak trend and are expected to maintain weak shocks in the near future.