Analysis Of The Latest Trend Of China'S Cotton Market

< p > < strong > demand growth pushes domestic cotton price < /strong > /p >

< p > > a href= "http://www.91se91.com/news/" > the US Department of agriculture < /a > raised the forecast of cotton consumption in China last week. It is estimated that China's consumption of cotton will reach 36 million bales this year.

This forecast increased by 1.4% over a month ago.

The Ministry of agriculture has also increased the forecast value of China's cotton imports by 7.1%.

Reuters reported that the Chinese government could increase the quota of cotton imports by April.

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Sharon Johnson, a senior market expert at Knight Futures Company, said in a report: "the argument that China will increase the quota of cotton imports is continuing."

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At 2:30 p.m., the New York intercontinental futures exchange's cotton price in May rose 1.8% to 92.5 cents per pound.

Earlier, the price of cotton in May reached 93.93 cents a pound, the highest point since March 30, 2012.

Cotton prices rose 6.5% this week, the highest in 5 months.

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< p > a href= "http://www.91se91.com" > cotton price < /a > has risen 23%, which is the largest increase in the 24 raw materials of the S & P Goldman Sachs commodity index.

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(P) the US Department of Agriculture said yesterday that in the week ending March 7th, the upland cotton exports in the United States increased by 25% over the previous week due to rising demand in Turkey, Indonesia and China.

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< p > Johnson said the market expects us cotton exports to remain strong. This is also proved by fact, which has led to a rise in cotton prices.

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< p > the United States is the largest exporter of cotton in the world.

A packet of cotton weighs 480 pounds, equivalent to 218 kilograms.

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Last month, the National Cotton Council of the United States said that as farmers switched to planting more profitable crops, the number of cotton planted in the United States could be reduced by 27% this year. P

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< p > < strong > < a > href= > http://cailiao.sjfzxm.com/Matertial/show/default.aspx > storage cotton > /a > storage and closing up > /strong > /p >

< p > China cotton reserve information center issued a notice on March 15th evening. As of March 15th, China's reserve cotton management company 2012/13 has acquired a total of 6 million 384 thousand and 500 tons of temporary storage and storage of cotton.

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< p > China cotton reserve information center issued a notice on March 15th evening. As of March 15th, China's reserve cotton management company 2012/13 has acquired a total of 6 million 384 thousand and 500 tons of temporary storage and storage of cotton, including 4 million 657 thousand and 600 tons of total storage and 1 million 727 thousand tons of major contracts.

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< p > announcement said that the total storage capacity of the listed companies was 2 million 118 thousand and 200 tons in the mainland and 2 million 539 thousand and 400 tons in Xinjiang.

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< p > in addition, the center also released storage information on the same day. In March 15th, the China cotton reserve management company plans to sell 70 thousand and 200 tons of cotton reserves, and the actual paction volume is 18 thousand and 800 tons. The weighted average paction price is 18973 yuan / ton, and the 328 class paction price is 19203 yuan / ton (public weight), which is 117 yuan lower than the B index of the national cotton price which represents the 328 grade cotton price on the day.

As of March 15th, the total output of cotton reserves has reached 768 thousand and 600 tons.

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< p > the national development and Reform Commission and the Ministry of Finance launched the 2012 cotton temporary purchase and storage in September 7, 2012, which is about to end in March 31, 2013. The first round of national cotton storage and dumping in 2013 will end in March 31st.

Due to the inverted cotton price at home and abroad, the temporary storage capacity of cotton in this year is quite high. So far, the total reserves have been close to the annual cotton output of 6 million 840 thousand tons announced by the National Bureau of statistics, which is not far from the 7 million 164 thousand ton statistics of the China Cotton Association.

In contrast, the temporary storage and storage capacity of cotton in 2011/12 is only 3 million 130 thousand and 300 tons.

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