The Price Of Cotton Market Is Stable In Early 2013 Of March.

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< p > March, the 4-8 day of the week, < a href= "http://www.91se91.com/news/index_q.asp" > storage and storage < /a > turnover of 61 thousand tons, a decrease of 41 thousand tons compared with last week.

As of March 8th, 2012 cotton temporary storage and storage pactions totaled 6 million 316 thousand tons, of which 2 million 282 thousand tons were traded in the mainland and 4 million 33 thousand tons in Xinjiang. During the week, the cotton reserve delivery plan was 387 thousand tons, 89 thousand tons actually, an increase of 15 thousand tons compared with last week, with a turnover rate of 23%, up 4.5 percentage points from the previous week.

The average paction price (discount 328 level paction price) was 19138 yuan / ton, up 7 yuan / ton compared with last week, or 0.04%.

As of March 8th, the cumulative cotton reserve plan in 2013 was 2 million 306 thousand tons, and the actual turnover was 681 thousand tons, with a cumulative turnover rate of 29.5%, with an average grade of 3.99 and an average length of 28.31 millimeters.

The average daily paction price rose from 19046 yuan per ton in January 14th (328 fold paction price) to 19154 yuan / ton in March 8th, or 0.6%.

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< p > recently, the sale of state reserve cotton has been orderly promoted, and the spot market of cotton has been running smoothly.

Domestic a href= "http://www.91se91.com/" target= "_blank" > textile < /a > market pure cotton yarn prices steadily declined slightly, the market turnover is acceptable.

In March 8th, the price of 32 cotton combed yarn was 25950 yuan / ton, which was basically flat last week, down 560 yuan / ton, or 2.1%, and polyester staple price 10770 yuan / ton, down 400 yuan / ton last week, or 3.6%, down 700 yuan / ton, or 6.1%.

The average price of cotton seed purchase in the mainland was 4.22 yuan / Jin, which was unchanged from last week, up 0.12 yuan / Jin, or 2.9%; the average price of seed cotton purchase in Xinjiang was 4.06 yuan / Jin, which was flat compared with last week, down 0.08 yuan / Jin, or 1.9%.

The average selling price of the standard grade lint in the mainland is 19310 tons, up 9 yuan / ton compared with last week, or 0.1%, down 320 yuan / ton compared with last week, or 1.6%. The average selling price of Xinjiang standard lint is 19504 yuan / ton, unchanged from last week, down 713 yuan / ton, or 3.5%.

Zhengzhou cotton futures contract settlement price of 20265 yuan / ton in May, up 305 yuan / ton compared with last week, or 1.5%, down 695 yuan / ton compared with last week, or 3.3%.

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< p > the National Bureau of statistics and other related institutions announced the February macroeconomic data. In the 1-2 month, the industrial added value above the scale increased by 9.9% from the price factor, and the growth rate fell 0.4 percentage points, down 1.5 percentage points compared to the same period. The total retail sales of consumer goods increased 10.4% from the price factor, and the growth rate dropped 3.1 percentage points, down 0.4 percentage points.

The above economic data showed varying degrees of decline, indicating that the economic recovery is still weak.

Meanwhile, in February, the broad money supply (M2) grew by 15.2% over the same period last year, and the growth rate dropped by 0.7 percentage points, up 2.2 percentage points from the same period last year. The growth rate has exceeded the 13% target of the central bank for two consecutive months, highlighting the country's policy decision to increase the intensity of the pre adjustment and steady growth.

The consumer price index (CPI), as an important reference index for monetary policy adjustment, has been rising steadily for 4 consecutive months since November 2012, and the increase has been expanding month by month. The downward pressure on economic growth and the pressure of price rise coexist, which poses a challenge to the adjustment of the central bank's monetary policy.

On the basic level, the relevant departments are clear that this year's storage will be extended to the end of July, the sales volume will be temporarily set at 4 million 500 thousand tons, and the bottom price will be 19000 yuan / ton of standard grade cotton.

According to the national cotton market monitoring system "China cotton industry inventory report" purchasing intention survey, in early March 2013, 73% of the enterprises preparing raw materials, 25 percentage points higher than the ring, and the demand for textile purchasing and replenishment increased, and the number of state-owned cotton auction is expected to increase gradually.

After the cotton batches have been put on the market in batches, the market is more concerned about the next year's policy of purchasing and storing the country. Especially in the context of the increasingly clearer expectations of the relevant domestic and foreign agencies for the next year's global and domestic cotton planting area reduction, the trend of temporary purchase and storage policy is particularly important. The domestic cotton prices are expected to continue to operate smoothly under the guidance of the reserve control policy.

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< p > the export volume of US cotton exports hit a new high of the year. The latest US agricultural product report of the US Department of agriculture (USDA) has slightly increased the US cotton export forecast, supporting the international cotton price to continue to rise slightly.

In March 8th, New York cotton futures contract settlement price in May was 86.88 cents / pound, up 1.5 cents / pound compared with last week, or 1.7%.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariff. The cost of import of RMB is 15248 yuan / ton, up 106 yuan / ton, or 0.7%, lower than that of the domestic market by 4062 yuan / ton, and the price difference decreased 97 yuan / ton compared with last week. According to the sliding tax, the cost of import is 15880 yuan / ton, up 81 yuan / ton compared with last week, or 0.5% yuan, lower than the 3430 yuan / ton in the domestic market, and the price difference decreased by 72 yuan / ton last week.

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Keeping the benchmark interest rate unchanged at the P meeting of the European Central Bank monetary policy conference, it is difficult to eliminate panic in the financial market. The Storck 50 Index (Stoxx 50), which measures European investors' risk appetite, has risen 4.3%, hitting the high level since June 2011.

The US employment market continued to show signs of improvement. In February, the unemployment rate was 7.7%, a decrease of 0.2 percentage points, a new low in 4 years.

In such a market environment, risk aversion boosts the US dollar index, and commodity prices are under pressure.

Basically, according to the latest US cotton export weekly report released by the US Department of agriculture (USDA), the net contract volume of 2012/13 cotton in the United States in February is 34 thousand tonnes, down 1.8% from last week, down by 0.5% compared with the past four weeks, and the shipment volume is 116 thousand tons, an increase of 21.3% over last week, a 27.3% increase over the nearly four weeks.

The volume of shipments of US cotton exports has reached a new high. USDA's agricultural product report has maintained its trend since December 2012 and continues to increase the forecast target of US cotton exports to 2 million 776 thousand tons, which has a great effect on the market.

In March, the market concerns gradually shifted to the spring cotton sowing in the northern hemisphere. At the end of the month, USDA's report on the planting intention report will become the focus of attention.

To sum up, the international "a href=" http://www.91se91.com/news/index_s.asp "> cotton price < /a > still has a further uplink power, but the possibility of the occurrence of the stage oscillation is also increasing.

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