Index Weekly Review: Spot Light Is Not Changed To &Nbsp; Market Confidence Is Not Enough.

Last week (3.19-3.23) Goods in stock The price is steadily falling, the inventory of the downstream enterprises is increasing, the purchasing enthusiasm is not high, and the internal and export power is not enough, which brings great pressure to the enterprises. Cotton enterprises seize the last time to actively pay for the storage. The weekly average price of China's cotton price index (CC Index328) was 19749 yuan / ton, 20 yuan lower than the previous week, 229 yuan 20891 yuan / ton, up 1 yuan, 527 level 16937 yuan / ton, or 8 yuan. Last week, electronic matching and shrinkage increased, and the rebound was weak.

　　 First, the domestic spot: light spot does not change, seize the last time to store.

Last week, domestic spot prices continued to maintain weak consolidation, the decline was not large, on the one hand, the purchase and storage of spot prices will still play a supporting role, the same cotton enterprises worry about the future market actively processing storage and storage for security. Part Cotton ginning The factory has stopped buying, and another ginning factory said that the processing was stopped after the purchase and storage was finished. The weak market has brought confidence to the participants, and the market atmosphere is dull and uncertain. The downstream market is still weak, and the stock of enterprises is increasing. Although the price of large factories has not changed much, the actual turnover will have a profit of 100-200 yuan. Because of the price advantage of imported yarn, downstream enterprises choose imported yarn more, and the downstream order space is not large, because the labor cost of other countries in Southeast Asia is lower than that of China.

As of March 23rd, 2011 tons of cotton temporary storage and storage totaled 3017650 tons, with a total turnover of 1666240 tons in Xinjiang and 1351410 tons in the mainland. In order to solve the problem of the storage and storage of the Corps, we will open the regiment at the end of the week, and 5000 tons of a single contract of the first agricultural division will be put into the Aksu Railway Station of the storage corps, Xinjiang.

　　 Two, electronic match: shrink, increase position, rebound and fatigue.

Last week (3.19-3.23), the cotton trading market of the national cotton trade reached 72480 tons, which was 1380 tons less than that of the previous week. Weekly orders increased by 6780 tons, and the cumulative order was 101980 tons.

When the week has the following characteristics: first, the total volume of contracts in each week is 72480 tons, which is 1380 tons shorter than the previous week, and the average daily turnover is 14496 tons. In recent months, the volume of contract turnover has been greatly reduced, of which MA1205 contract weekly turnover has been reduced by 3060 tons compared with last week, and the total volume of MA1207 contract weeks has continued to be strong, increasing 4400 tons compared with last week. Two, when the total weekly order is 101980 tons, due to the withdrawal of the MA1203 contract, the warehouse position is gradually over to the MA1205 contract; when the weekly MA1206 contract is added to the warehouse, the maximum amount is 2780 tons. Three, when the highest price of the week match is the new MA1209 contract 21200 yuan, the lowest price is the MA1203 contract for the withdrawal of 19650 yuan, the weekly average price of each contract is slightly lower than the previous week; the average contract price of the MA1208 contract fell 126 yuan to the largest weekly contract, the average contract price of the MA1204 contract fell 55 yuan, the minimum contract for the weekly decline, the remaining contract fell between 57-85 yuan, although the contract has rebounded in the middle of the week, but the technology side did not form a bottoming trend.

　　 Three, the international market: the fundamentals are not good enough to continue weak shocks.

After several consecutive days of decline, the cotton market attracted the buying and entering, and the cotton futures increased significantly, and the turnover volume also broke through. However, the lack of support for downstream consumption is still not conducive to the rising of cotton futures and the cotton futures turn downward. The recent and main buying support still rose slightly, but the general trend continued to fall in the far months. On Thursday, the US cotton export weekly report was positive, and cotton rose rapidly. Zhou Cotlook A index Zhou Junjia was 98.32 cents / pound, up 0.11 cents from the previous week, and the average price of ICE's recent contract was 88.90 cents / pound, up 1.03 cents from the previous week.

According to the US Department of agriculture (USDA), 3.9 -3.15 a week, the United States signed a net signing of this year's export of 44679 tons of Upland Cotton (an increase of 30% over the past four weeks), 67381 tons of shipment (19% less than the previous week, 13% less than the average value of nearly four weeks). This data is good for promoting the strong cotton growth.

　　 Four, outlook for the future

Downstream situation is still grim, we have no advantage in raw materials and labor force, so downstream enterprises are difficult to do, raw material yarn prices continue to decline, cotton prices by storage and support is not big, the deal is light, everyone pays close attention to the market after storage, but it is widely expected that the market will be down.