The Weak Zheng Cotton Suddenly Rose To &Nbsp, And The Overall Weakness Pattern Was Unchanged.

Monday (March 19th)

Although the price rebounded, it should be noted that the weakness of downstream demand always restricts Zheng cotton and makes it vulnerable to change.

The overall trend of the current price has not yet stabilized.

1209, the contract market is still likely to continue to seek 21000-21100 yuan first line support.

Supply and demand side, in March 9th, the US Department of agriculture (USDA) released this year's global cotton production and sales forecast, compared with last month, the United States factory cotton and end inventory adjustment.

Among them, the amount of cotton used in the factory was reduced by 22 thousand tons, while the initial inventory, output and export volume had not been adjusted, and the final inventory increased by 22 thousand tons to 849 thousand tons.

Global adjustment mainly includes increasing supply.

In addition, as of March 14th, 2011 tons of cotton temporary storage and storage totaled 2 million 871 thousand and 400 tons, with a total turnover of 1 million 600 thousand and 300 tons in Xinjiang and a total turnover of 1 million 271 thousand and 100 tons in the mainland.

At present, the purchase and storage of 2011 is coming to an end. By the end of March 31st, the purchase and storage of the cotton will be finished. It is expected that the state will take up 3 million tons of cotton, which will account for 45% of the domestic cotton output. Although the purchase and storage has eased the supply pressure of the short-term spot market, but because of the weaker textile demand in the lower reaches, the purchase and storage of the new year has not been opened yet, and the market is worried about the lack of State purchasing and storage support.