Cotton Daily Review: Textile Enterprises Call On The State To Continue To Put Cotton Reserves And Issuance Quota.

< p > < strong > cotton fell.

"/strong" overnight, affected by worries about the US fiscal cliff, the US dollar rose, stocks and commodities went down, and US cotton fell. The settlement price in March was 74.56 cents, down 56 points.

The USDA report shows that the signing of the US cotton contract has been reduced, while the "a href=" http://www.91se91.com/news/index_s.asp "cotton price < /a" rise has restrained the downstream demand.

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< p > strong > US cotton exports decreased by 32% compared with last week.

The United States Department of agriculture (/strong) released data that, as of December 6th, the US signed net exports of 64388 tons of upland cotton this year, a decrease of 32% over the previous week, 24% less than the average of nearly four weeks, and 41209 tons of shipments, a decrease of 14% over the previous week, 26% higher than the average of nearly four weeks; when Zhou Zhongguo signed the net contract this year, 30935 tons of land cotton and 17577 tons of shipment.

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< p > < strong > the central economic work conference will be held at the weekend.

< /strong > there are reports that government leaders familiar with the situation said on Thursday that the Chinese leadership will hold the annual central economic work conference this weekend (15-16).

The meeting will set the tone for next year's economic policy.

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In December, HSBC's manufacturing PMI rose to a 14 month high of < p > strong > HSBC.

HSBC China's Manufacturing Purchasing Managers' initial value rose to a 14 month high in December, which is the latest sign of China's economic rebound. /strong

The index indicates that China's manufacturing activities have expanded for second consecutive months, further confirming that China's economy is recovering steadily.

But in December, the new export orders index remained sluggish, falling from 52 in November to 49.5.

The employment index for December ended for the first time in ten months, but the price index was not optimistic, and the pace of expansion slowed down compared with November.

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< p > < strong > cotton merchants make up warehouse receipt, the price is higher than the reserve price.

< /strong > the acquisition of Dongguang County in Cangzhou, Hebei is coming to an end. The purchase price of grade 4 seed cotton is 4.05 yuan / jin (36% of lint and 12% of moisture).

Although the state has relaxed the Cangzhou and other regional storage standards to level five, most cotton enterprises have indicated that the processing of five grade cotton is unprofitable, so the willingness to purchase is weak and is sold at the price of 19000 yuan per ton for the four grade cotton that has not been able to be stored.

It is reported that some large cotton traders are buying cotton making warehouse receipts.

Because of the high price, many local cotton companies sell them.

A person in charge of a cotton enterprise said that it has processed 1500 tons now, and it is used for the single warehouse cotton warehouse, 328 yuan 20600 yuan / ton, and 428 class 20100 yuan / ton.

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< p > < strong > cotton seeds sell well.

< /strong > this year, Chizhou cotton seed production in Anhui has been greatly reduced, and cotton enterprises have been buying resources to raise quotations. As of December 14th, the highest purchase price of local cotton seed has reached 4.33 yuan / jin (more than 38% of the lint, less than 12% of water content and 1.3% of impurities), but the daily purchase amount is only tens of thousands of Jin.

14, the local cotton seed market quotas rose to 1.24 yuan / Jin, up 0.02 yuan / Jin compared with 13 days.

In order to speed up the withdrawal of capital and reduce costs, enterprises will quickly process and store.

Some enterprises have sold the cotton seeds at a high price due to tight storage capacity, and some of the cottonseeds sold on the part of the enterprises have been sold out, resulting in an endless stream of customers who want to order cottonseeds.

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< p > < strong > enterprises rush to harvest seed cotton and rise in stock.

< /strong > 13, the price of Hebei inter River cottonseed has continued to rise, expanding the profit margins of cotton enterprises and picking up cotton enterprises.

The best cottonseed with 11% oil content came to 1.16-1.18 yuan / Jin, which increased the profit of cotton enterprises by 700 yuan / ton.

In addition, cotton farmers are no longer reluctant to sell as the two sections approach.

The mainstream purchase price of grade 4 cotton seed is 4.05 yuan / jin (36% of lint, 12% of moisture regain), the purchase of grade 5 cotton is smooth, and the mainstream price of five grade cotton flower is 3.65 yuan / jin (the percentage of clothes 35.5% is 12%). Because parts of < a href= "http://www.91se91.com/" target= "_blank" > textile > /a > raw material stock of the enterprise is bottomed out, and the quota is exhausted.

At present, the real estate 4 class no code big bales cotton quoted price 19000-19100 yuan / ton, weak 4 level 18600 yuan / ton, compared with yesterday increased 100 yuan / ton; 4 class small cotton mainstream paction price 18700-18800 yuan / ton (pick up, gross weight, take the ticket), weak 4 level 18400 yuan / ton, the price is stable.

The mainstream price of the 3 grade Xinjiang cotton is 20300 yuan / ton, up 100 yuan / ton compared with yesterday.

Textile enterprises appealed to the state to continue to put cotton reserves and issue quotas.

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< p > strong > seed cotton quantity decreases, acquisition or atrophy.

< /strong > Hebei Guangzong 4 grade seed cotton purchase price is 3.85 yuan / jin (lint rate 34%, moisture regain 11%), storage and profit space 500 yuan / ton.

But cotton enterprises said: the acquisition of cotton seeds into the end, the seed cotton stocks are becoming less and less. It is expected that after the new year's day, the purchase of seed cotton will be more difficult and the purchase volume will shrink.

Spot stable, no bag size 4 lint at a price of 19000 yuan / ton (net weight pick up ticket), weak 4 level 18600 yuan / ton, small package 4 grade lint 18700 yuan / ton, weak 4 grade cotton sales price 18500 yuan / ton; Australia cotton GM grade cotton 20100 yuan / ton (commodity inspection net weight pick up ticket), India cotton 19000 yuan / ton, are all flat compared with the previous few days.

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< p > < strong > enterprises are reluctant to sell cotton seeds.

< /strong > cotton seed prices tend to rise and fall in recent days, supporting the seed cotton market.

Anhui Mengcheng seed cotton resources gradually reduced, under the support of the 400 cotton enterprises, seed cotton prices are hard to fall, the purchase price of grade four seed cotton is 4.10-4.15 yuan / kg (moisture 10-12%, lint 37-38%), the spot four grade lint factory price is 18000 yuan / ton, and the cottonseed output price is at 1.17-1.20 yuan / Jin line.

Those who are well capitalized have cotton and cotton seeds, and those who are undercapitalized sell only lint and sell cotton seeds.

Some factories have already saved 200-500 tons of cottonseed and are not going to sell it before the festival.

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< p > < strong > storage and storage of 4 million 20 thousand tons.

< /strong > 14, plans to close and store 93670 tons, 48420 tons, 2410 tons less than the previous day.

Within the territory, the planned acquisition and storage of 27000 tons, which amounted to 27000 tons, and the mainland planned to purchase and store 66670 tons, which amounted to 21420 tons.

Storage and storage totaled 4024070 tons, and Xinjiang totaled 2069120 tons. The total turnover in the mainland was 1329300 tons, and the total number of backbone enterprises totaled 625650 tons.

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< p > < strong > cotton yarn is light.

< /strong > the whole cotton yarn trading volume has not increased, and the atmosphere is light.

Near the end of the year, most manufacturers will ship according to the appropriate discount or acceptance price.

Nantong Hongda office has no smooth delivery of all cotton yarn. The 40S price of the combed jet is 26300-26400 yuan / ton, and the imported 32S yarn has no ticket price of 24200-24300 yuan / ton.

The price of cotton yarn in a textile enterprise of Shandong Wucheng is stable. The price of air spinning 21S is 21500 yuan / ton in the province, and the 32S price is 26800 yuan / ton. Shipment is still acceptable, and the shipment of high count yarn is slower.

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< p > < strong > the stock market has risen sharply and the commodity has been divided.

/strong > 14, the stock market rose sharply, investors had good expectations for the weekend's central economic work conference, and the PMI data was good, pushing the stock market to rise to a 4 month high level. At the same time, the commodity market rose, screw and coke led, followed by soybean meal and chemical varieties, and precious metals remained weak.

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< p > < strong > ZHENG cotton has stabilized, and has continued to rise in recent months.

< /strong > zhengmian 01 contract maintained the rally, the highest in the intraday rose to 20320, the intraday no drop, the position reduced; 05, the contract opened at a low altitude, and closed on the Yang line, although the rise, but the trend is obviously weaker than other varieties.

At present, cotton has no funds to take care of, the market is slack, and the position keeps shrinking.

After three consecutive days of rebound, Zheng cotton has stopped falling and the center of gravity has shifted upward.

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< p > zhengmian 1301 closed at 20320, rose 230 points, 1305 contracts closed at 19230, rose 50 points.

The total turnover was 95 thousand and 100 hands on that day, an increase of 1868 hands compared with the previous trading day, and 1422 hands in 298 thousand positions.

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< p > December 14th, as the 01 contract continued to rise, the negative spread of 05 and 01 contracts expanded to -1070 yuan / ton, 12 days -745 yuan / ton.

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< p > 14, due to the sharp rise in futures prices in recent months, the futures matching price spread widened to 902 yuan / ton, 13 days in 548 yuan / ton.

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< p > up to December 14th, the number of warehouse warehouse receipts was 488 (19520 tons), 3 less than the previous day, and the effective forecast was 56, an increase of 16.

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< p > at the beginning of this week, due to the macroeconomic warming, the spot stabilized, Zheng cotton followed the external market to make up for a breakthrough, once exceeded 19300, but because of the pressure above, the lack of confidence was much less, and then dropped sharply, but there was still support in the vicinity of the integer pass.

In the domestic market, with the large number of storage and storage of real estate cotton, the quota has not yet been issued, and the state has not thrown up reserves, the spot resources are tight and prices are rising.

However, at present, the new cotton market is concentrated in various countries. Traders are selling cotton in advance, and the price of cotton is far lower than that in China. Even if they pay 40% tariffs, the price is lower than that of real estate cotton. From December to March next year, China will have a concentrated import period. A large quantity of cotton to port will increase domestic supply.

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< p > in the long run, the State Reserve has mastered 8 million tons of cotton resources, coupled with tight storage capacity and low price dumping this year, so it is always /p.

< p > capable of relieving supply and storage pressure by releasing reserves.

At present, the macro warming, the stock market rally has boosted commodities, has also boosted cotton, and the stock market has gone up and the paction has improved. If there is no new policy on cotton at the weekend, that is, there is no news of the release or distribution of quotas, Zheng cotton's short term or continued rebound will suggest that it should be rebounded to the resistance level before selling short, if the rebound is concerned about 19300-19350 front-line resistance, but there are more rumors about throwing and storing quotas in the near future.

Pay attention to macro and < a href= "http://www.91se91.com/news/index_c.asp > cotton < /a > policy.

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