Domestic Cotton Prices Rose Steadily &Nbsp, And Cotton Fell Again.
cotton
Purchase and sale
market
Increasingly active, domestic cotton prices rose steadily.
The enthusiasm of cotton farmers has been increased, and the processing enterprises have been actively buying and selling, and have completed the sale of lint through various channels such as storage, spot or participation in matching pactions.
In February 10th, 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 8.34 yuan / kg, up 0.02 yuan / kg, or 0.2%.
The average selling price of the standard grade lint in the mainland is 19532 yuan / ton, up 169 yuan / ton compared with last week, or 0.9%; Xinjiang standard grade.
lint
The average selling price was 20204 yuan / ton, up 361 yuan / ton compared with last week, or 1.8%.
Zhengzhou cotton futures contract settlement price in March 2012 was 21095 yuan / ton, up 180 yuan / ton compared with last week, or 0.9%; the national cotton trading market electronic matching paction average price in March 2012 was 20731 yuan / ton, up 59 yuan / ton compared with last week, or 0.3%.
In July February, the state resumed the paction of purchase and storage, but due to the price of the domestic cotton futures and spot market after the festival
Rise
The acquisition of short term cotton mentality has been strengthened, and enthusiasm for storage has been reduced.
This week, cotton storage and storage totaled 52350 tons, 69423 tons less than the last week before the holiday, a decrease of 57.01%.
As of February 10th, a total of 2517220 tons of storage and storage pactions were received this year, including 990540 tons in the mainland and 1526680 tons in Xinjiang (561200 tons in the Corps).
The US Department of agriculture (USDA) increased the world's cotton end inventory in the February agricultural product forecast report, an increase of 3 million tons over the previous year, and the inventory consumption ratio of more than 55%, the highest level since 2004, resulting in a further downward pressure on international cotton prices.
In February 10th, New York cotton futures contract settlement price in March 2012 was 90.6 cents / pound, down 5.7 cents / pound, or 5.9%, 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 16698 yuan / ton, down 384 yuan / ton, or 2.2%, compared with last week. According to the sliding tax, the import cost of the folded renminbi is 17107 yuan / ton, down 380 yuan / ton, or 2.2% lower than last week.
Domestic textile enterprises have resumed work in succession, the supply of cotton yarn market is ample, the turnover volume is scattered, and the prices of individual varieties continue to rise slightly.
In February 10th, 32 cotton combed yarn prices were quoted at 26750 yuan / ton, up 200 yuan / ton last week, or 0.8%, and polyester staple prices were 12200 yuan / ton, down 50 yuan / ton last week, or 0.4%.
Looking ahead, the international cotton price will maintain a weak oscillation.
Judging from the recent external environment and the fundamentals of global cotton supply and demand, the late international cotton price is expected to maintain a weak oscillation pattern.
First, according to the European Bureau of statistics, the retail sales in the euro area decreased by 0.4% in November and 1.6% in November, compared with the same period in 2010. This shows that the negative impact of fiscal tightening policies and low income growth and high unemployment rate on consumer confidence in European countries in the 2011 December is unlikely to be eliminated in the short term.
Secondly, from the prediction and adjustment of the cotton supply and demand report of the US Department of agriculture in recent years, the general trend is increased production, consumption and inventory, and the pressure on international cotton prices is running. The latest report predicts that the average selling price of cotton growers in the United States this year will be 87~93 cents / pound, which will continue to narrow compared with the price range predicted in January.
On the evening of 11, the American Cotton Association (NCC) report predicted that the cotton planting area in the United States will decline by 7.5% in 2012, which is basically consistent with previous expectations, and has little effect on the recent trend of international cotton prices. The market will pay close attention to the possible impact of future weather conditions on the sowing potential of the main cotton producing countries in the northern hemisphere.
Domestic cotton price rise is expected to slow down.
According to the National Bureau of statistics, domestic CPI rose by 4.5% in 2012 and 4% over the market expectations, which highlighted the complex causes of the current domestic and medium price inflation. The central bank's monetary policy remained relatively tight, which made the market's expectation of loosening monetary policy in the future greatly dissipated, and it was not conducive to maintaining the strong operation of commodity prices including cotton.
Basically, the recent market price of the downstream gauze is getting warmer, but there is no support for batch turnover, which proves that textile enterprises still lack confidence in the order situation. After the festival, recruitment is difficult, production recovery is slow, raw material purchasing enthusiasm is not strong. In addition, domestic and foreign cotton prices continue to widen.
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