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Domestic Spot Prices Rose &Nbsp, And International Cotton Prices Stabilized.

2011/12/28 10:37:00 22

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Spot Prices Rose Slightly And Cotton Prices Stopped.

domestic

Goods in stock

The price continued to rise slightly, and the price of Zheng cotton futures and electronic matching dropped.

store up

Volume declined and cotton prices stabilized in the international market.

Domestic cotton yarn and polyester staple fiber prices fell slightly.

Supported by domestic reserve policy, domestic lint is in stock.

Sale

Prices continued to pick up, but Zheng cotton futures and electronic matching contracts in recent months were gradually returning to spot prices under the pressure of the upcoming delivery.

In December 23rd, the average purchase price of seed cotton in the mainland was 8.12 yuan / kg, up 0.04 yuan / kg compared with last week, or 0.5%; the average price of seed cotton purchase in Xinjiang was 8.30 yuan / kg, down 0.02 yuan / kg, or 0.2%.

The national cotton price B index, which represents the average selling price of lint cotton in the mainland, is 19156 yuan / ton, up 30 yuan / ton compared with last week, or 0.2%; the average price of Xinjiang standard lint sale is 19834 yuan / ton, up 45 yuan / ton, or 0.2%.

Zhengzhou cotton futures contract settlement price in January 2012 was 20100 yuan / ton, down 185 yuan / ton, or 0.9%, compared with last week. The average price of electronic matching January 2012 in the national cotton trading market was 19478 yuan / ton, down 248 yuan / ton compared with last week.

Decline

1.3%.

Cotton storage and storage totaled 202530 tons, a decrease of 49050 tons compared with last week, a decrease of 19.5%.

As of December 23rd, a total of 1815680 tons of storage and storage pactions were received this year, including 631800 tons in the mainland and 1183880 tons in Xinjiang (334720 tons in the Corps).

On the eve of Christmas day, the strong atmosphere of the festival led to the dull trading of the market. The cotton futures in New York were in a state of sidetracking, the trading center shifted slightly, and the international spot prices rose slightly.

In December 23rd, New York cotton futures contract settlement price in March 2012 was 87.2 cents / pound, up 0.9 cents / pound compared with last week, or 1.1%.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariffs. The import cost of the folded renminbi is 16962 yuan / ton, up 49 yuan / ton, or 0.3%, compared with last week. According to the sliding tax, the import cost of the folded renminbi is 17368 yuan / ton, up 48 yuan / ton, or 0.3%, compared with last week.

The sale of downstream yarn is not smooth. Some textile enterprises begin to plan for new year's day and Spring Festival holidays. The intention of price promotion will prevail, and the price of cotton yarn and polyester staple fiber has declined slightly.

In December 23rd, 32 cotton combed yarn prices were quoted at 25850 yuan / ton, down 20 yuan / ton last week, or 0.1%, and the polyester staple price was 11250 yuan / ton, down 80 yuan / ton, or 0.7% lower than last week.

Looking ahead, the pressure on the international cotton market is hard to reduce.

The ECB launches a long term review

financing

Italy has passed the austerity bill smoothly. It seems that Europe's "high risk alarm" has been lifted, but the liquidity crisis will still overflow in the European periphery. In December 22nd, Moodie lowered the sovereign credit rating of Slovenia's foreign currency and foreign currency from Aa3 to A1, while Hungary and Latvia, which belong to central and Eastern European countries, also face higher external financing risks.

According to the data released by the US Department of Commerce in December 22nd, the US gross domestic product (GDP) grew by 1.8% in the third quarter of this year, down from 2% that was first revised last month.

In the context of the European debt crisis and the US economy, it is difficult to get a clear release of cotton market demand, and the pattern of oversupply of fundamentals is unable to "shake". It is hard to predict the short-term pressure on the international cotton market, and the weak oscillation of cotton prices is still a matter of probability.

Domestic cotton prices or maintain stable operation.

On the policy side, the data released by the people's Bank of China in December 19th showed that in November, China's foreign exchange holdings decreased by 27 billion 900 million yuan from the previous month, and the net decrease has been in two consecutive months. This will further open up the room for fine-tuning the monetary policy of the central bank and increase the possibility of a further reduction in the deposit reserve ratio.

On the basic level, according to the data of the General Administration of customs, the net import volume of cotton yarn in China was 63 thousand and 800 tons in November 2011, an increase of 8.01% over the same period last year, and the net export volume of cotton cloth was 635 million meters, a decrease of 4.78% compared with the same period last year.

The above data show that the competitive advantage of China's gauze products in the international market is weakening, which will further restrict the demand for cotton in textile enterprises.

According to the national cotton market monitoring system data, as of December 23rd, the national new cotton sales rate was 46.3%, higher than the previous year, but the sales rate of excluding the storage factors was only 19%, a year-on-year decrease of 5.4 percentage points, compared with the normal year in the past four years dropped by 15.7 percentage points.

Based on the above analysis, although China's monetary environment is expected to further warmer in the coming period, the policy of purchasing and storage is still advancing steadily, but if the textile consumption is weak, cotton prices will remain stable under the air game.