Cotton Daily Review (1.12) Import Volume Increased By &Nbsp In:12 Months; Xinjiang'S Savings And Imports Slipped.

ICE Mei cotton callback.

Overnight, the US cotton fell slightly, the March contract settlement price was 96.87, a slight drop of 9 points, and the market was concerned about the balance sheet and export report announced by USDA on Thursday.

CPI growth in December

Cotton imports hit a new high in December.

According to the data released by the customs, China imported 790 thousand and 400 tons of cotton in December 2011, with a new import volume of 412 thousand yuan per month.

It is understood that the state's import of 1 million tons of cotton from the international market has also arrived in the near future, which is an important reason for the large increase in imports in December.

In 2011 9-12 months, 1 million 674 thousand tons of cotton were imported and 3 million 364 thousand tons were imported in 2011.

Transactions were greatly reduced.

On the 12 day, 123000 tons were planned for storage and storage, with 15280 tons (400 tons in Xinjiang and 14880 tons in the mainland).

Storage and storage totaled 2454600 tons (total turnover of 1518600 tons in Xinjiang and 936000 tons in the mainland).

Today's acquisition and storage business is the lowest level since last October 27th, and Xinjiang's reserves are the lowest level since October 9th.

Zheng cotton volume rose.

On the 12 day, Zheng cotton opened high and then consolidated. Before the end of the morning market, the market started, and the opening in the afternoon continued to rise, breaking through the resistance level continuously. 1205 hit 21450 at the highest level, and the positions increased.

1205 closed at 21310, rose 120 points, 1209 closed at 21820, rose 135 points.

Total day

It is reported that 894 thousand tons of 1% tariff quotas and about 1000000 tons of processing trade quotas will soon be handed down to the hands of the enterprise.

At the same time, 790 thousand tons of cotton were imported in December. At present, there are more than 200 thousand tons of cotton for customs clearance, and will be concentrated in Hong Kong in the coming months.

In addition, the continuous rise in the price of the period led to a huge reduction in reserves, especially in the Xinjiang area.

If the price remains high, the reserves will continue to shrink, so the total amount of final storage will be lower than expected.

The basic situation of this year is: supply exceeds demand.

Other major cotton producing countries besides the United States have increased production in varying degrees; on the other hand, global textile demand is poor, while China's policy of purchasing and storage has led to the reduction of domestic resources and the increase of cotton prices. In the same downturn of textile consumption in other countries, foreign businessmen have been sending cotton to China and occupying the domestic market.

Overall, the current discussion of the gap is still largely an expectation, and the anticipated support will continue to be effective until the end of the purchase and storage.

On the disk, Zheng cotton short lines do more kinetic energy.