Analysis Of Cotton Market In October 24, 2012

Overnight, as the Bulls continue to leave, ICE futures Again, the contract fell by 2.2% in December. At present, the market outlook is still bearish, and insufficient supply of resources and insufficient demand may lead to a 70 cent drop in cotton prices. However, if the US weekly weekly report released by USDA tonight indicates that the market is still in demand, cotton prices are expected to be slightly supported.

News, the European Parliament passed a temporary exemption from Pakistan. Spin Clothing and shoes Such tariff exemption measures will have adverse effects on the EU textile industry, especially the cotton textile industry, which will be dissatisfied with the EU industry.

On the international market, 24 days, the price of China's main port of imported cotton fell down, of which Brazil cotton fell 2.25 cents, while other varieties fell by 1.5-1.75 cents. Although the price range of imported cotton is not small, according to the current 86.30 cent of EMOT varieties in the United States, the 40% import tariff calculation is generally adopted in textile mills. The general trade pick up price of this variety port is 19254 yuan / ton, which is not attractive to textile mills. From the point of view of downstream demand, there is still room for further decline in textile production.

Domestic market, 24, domestic cotton spot prices are still relatively stable. Too much emphasis on price difference between the inside and outside of the market has actually covered many contradictions in the textile industry, and the downward pressure on the domestic economy has slowed down, and the growth of domestic demand market has begun to slow down. The pressure of textile sales has increased and demand is hard to be stimulated, which is the most critical challenge facing the textile industry at present.

In October 24th, the national cotton temporary storage and storage business reached 79800 tons. As of that date, 2012 cotton temporary storage and storage transactions totaled 1395770 tons in 2012, including 329730 tons in the mainland and 1066040 tons in Xinjiang.

Spot quotation, 24 days, C/A cotton 89.10 (cents / pound, the same below), general discount RMB. Trade The port pick up price is 15157 yuan / ton (according to sliding tax calculation, the same below); Australia cotton 95.10, discount general trade port delivery price 15943 yuan / ton; Uzbekistan cotton 92.60, discount general trade port delivery price 15609 yuan / ton; West Africa cotton 86.35, discount general trade port delivery price 14814 yuan / ton; India cotton 85.10, discount general trade port delivery price 14661 yuan / ton. The national cotton price A index was 19646 yuan / ton, up 1 yuan; the B index was 18792 yuan, up 1 yuan.

Market analysis, as a result of price parity, the demand for China's cotton textile industry has always been undemanding. The current situation of the cotton textile industry has been pushed forward, but cotton farmers still have a mentality of holding up the goods. Cotton processing enterprises are forced to go to the fields because of the fact that the number of cotton in their hands is too small. store up The price is relatively stable. The external market fell back to 70 cents a line, with a lot of pressure on top; Zheng cotton was similar to the outside market.

Operation, the early empty single continue to hold, see the 60 day average line performance.