5.10 Global Cotton Stock Market Analysis

On Thursday (5.10) US cotton futures in New York ICE Intercontinental Exchange fell seventh days in a row, and the main contract was down, dropping to its lowest point in nearly 2 years.

In July, the contract opened slightly higher than 85.85 cents, the highest 86.30 cents, the lowest 81.82 cents, and finally settled at 81.82 cents, down 4 cents from the previous trading day, the volume enlarged to 14499 hands, and the open position 101785 hands; the October contract settled at 81.60 cents, down by 4 cents from the previous trading day.

The December contract closed at 79.37 cents, down 4 cents from the previous trading day.

ICE preliminary data show that on Thursday volume of about 36700 hands, compared with the average daily volume of nearly 50%, is the most active trading day since April 18th.

As of May 9th, the market was open to 186 thousand and 899 hands.

Market analysts pointed out that the US Department of Agriculture issued the May cotton supply and demand report, which the US Department of agriculture anticipate.

Cotton ending inventory in 2012/13 was 73 million 750 thousand packs, a record high, an increase of more than 10% over the same period.

Global

A record high, leading to the ICE cotton market main contract down, fell to the lowest point since July 2010.

The US Department of Agriculture estimates that the average price of cotton in the US 2012/13 is 65-85 cents, while the 2011/12 is expected to be 91 cents.

It is estimated that the cotton yield per unit in the United States will be 777 pounds per mu in 2012/13, 790 pounds per mu in 2011/12, and 812 pounds per acre in 2010/11.

China's cotton output is expected to be 28 million 50 thousand packs this year, accounting for nearly 40% of the world's cotton supply.

Cotton imports in China decreased by nearly 1/3 to 14 million bales in 2012/13, up from 21 million 500 thousand bales last year.

Analysts believe that too much cotton will lead to serious setbacks in the market.

Investors will see that cotton continues downward.

The Commerce Department announced the US trade deficit data in March, which was worse than expected.

In March, the US trade deficit was US $51 billion 800 million.

The trade deficit in February was US $46 billion.

The US Labor Department announced that US import price data in April were lower than expected.

Import prices fell 0.5% in April.

Import prices increased by 1.3% in March.

China's latest trade data sparked new fears in the market, that is, the economy of this emerging power is able to keep pace with the slowdown in global demand. Today, China's export and import data do not meet market expectations.

The United States Department of Agriculture released the cotton supply and demand report in May, the first report on the supply and demand of cotton in 2012-13. In the early years of 2012/13, 66 million 880 thousand packages were estimated at the beginning of the world, the output was estimated to be 116 million 690 thousand packages, the global import was expected to be 37 million 640 thousand packages, the global cotton consumption was estimated to be 109 million 960 thousand packages, the export was expected to be 37 million 620 thousand packages, and the final inventory was expected to be 73 million 750 thousand packages.

In early 2012/13, 3 million 400 thousand stocks were estimated at the beginning of the year, the output was 17 million packages, the domestic consumption was estimated to be 3 million 500 thousand packages, the export was expected to be 12 million packages, and the final inventory was expected to be 4 million 900 thousand packages.

In 2012/13, 24 million 580 thousand packages are expected at the beginning of China, output is expected to be 30 million 500 thousand packages, imports are expected to be 14 million packages, domestic consumption is expected to be 41 million packages, and final inventory is expected to be 28 million 50 thousand packages.

The US Department of Agriculture released the latest weekly weekly report on cotton and cotton exports in April 27, 2012, according to the report submitted by exporters on 3 April 27, 2012.

In the 2011/12 sales year, the net sales of the 99400 standard export package for upland cotton increased significantly compared with the average sales volume last week and around.

China is the largest buyer (66300 packs, including 2200 packages of cotton pferred from Vietnam and 1400 packages removed).

2012/13 annual sales net sales of 94200 packages, China is the largest buyer (28500 packages).

The export of HP cotton is 322700 packs, an increase of 1% over last week, an increase of 22% compared with the average export volume for the four weeks.

China is the largest destination (196900 packs).

The United States Pima cotton net sales of 6500 packs, 41% less than last week, but the average sales volume increased by 54% over the four weeks.

Which sells to China (1800 packs).

2012/13 sells 2400 packages per year to China.

Pima cotton exports 22500 bales, of which exports to China (15800 packages).

In May 10th, the US cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 74.41 cents / pound, the highest annual price 110.14 cents in September 14, 2011; the lowest price in May 10, 2012 74.41 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 79.14 cents / pound.

May 10th us spot

886 cotton bags were sold, and 844223 bags were sold this year.

592488 bags were sold during the same period last year.

The total inventory of NY certification in May 9th is 142138 packages, and 5780 bags are to be certified.

In May 10th, the United States spot market Pima cotton, 2 (fiber 46) 136 cents / pound, 3 (fiber 44) 136 cents, 3 (fiber) 123 cents, 0 bags, the annual turnover 41510 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 77.33 cents on -5 10 May 4th.

In May 10th, the Cotlook cotton Outlook Index weakened, and the A index fell 35 points, to 93.35 cents / pound.

The A index (new cotton) fell 100 points to 93.20 cents / pound.

In May 10th, China's cotton price index CC Index 328 nationwide weighted average price closed at 19313 yuan / ton, down 4 yuan.

CC Index 527 closed at 16792 yuan / ton, down 3 yuan, and CC Index 229 closed at 20513 yuan / ton, down 20 yuan.

In May 10th, China's cotton import price index (FC Index M) was 98.53 cents, down 0.48 cents.

In May 10th, Zheng cotton maintained weak shocks throughout the day. The main contract 1209 closed down 0.41%, Zheng cotton fell for several consecutive days, the price close to 20400 psychological support position, temporarily still dominated by the weak.

In May 10th, the PTA (8452,16.00,0.19%) 1209 contract weakened weakly, slightly opened at 8448 points, the lowest intraday 8424 points, the highest 8458 points, ending at 8440 points, today PTA total position increased 5056 to 474992 hands, yesterday's turnover was basically flat compared with the previous trading day, about 460 thousand hands.

In May 10th, the Dow Jones industrial average rose 19.98 points to 12855.04 points, or 0.16%, while the NASDAQ (micro-blog) composite index fell 1.07 points to 2933.64 points, or 0.04%, while the standard & Poor's 500 index rose 3.41 points to 1357.99 points, or 0.25%.

In May 10th, the New York Mercantile Exchange gold futures rose 0.1%, to $1595.50 an ounce.

Crude oil futures rose 0.3% to $97.08 a barrel.