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Analysis Of Domestic Cotton Market In April

2013/5/3 23:00:00 52

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Cotton Market Cotton Market Cotton Purchase And Storage

due to < a href= "http://www.91se91.com/news/" > cotton market < /a > nearly 7 million 400 thousand of the annual output of more than 90% of the new cotton, has been collected into the reserve bank, available for circulation of high-grade cotton resources are few, so the government normalized and in accordance with the proportion of 3:1 issued cotton imports quota cotton reserve for sale (the government said that this round of throwing storage until the end of July, plans to throw 4 million 500 thousand tons of reserves.

It has become the only way for cotton enterprises to purchase domestic cotton.

Sufficient cotton stocks make the price of throwing and storing cotton basically stable, and the "vane" of the domestic cotton price trend is only the horse head of the reserve cotton sale price.

in addition, because the cotton rank of the cotton auction sale can not be fully applied and meet the cotton demand of cotton < a target= "_blank" href= "http://www.91se91.com/" > textile < /a >, because of the use of imported cotton quota to purchase the applicable grade cotton to meet the cotton demand, it has become the choice of cotton enterprises.

at the same time, there are few Xinjiang cotton in the market, and it is also a hot commodity for cotton enterprises to compete for procurement, thus pushing up the price of Xinjiang cotton.

Although the mainland cotton textile enterprises have already been able to participate in bidding for cotton reserves in the territory, the cotton textile enterprises that are not in urgent need of replenishment will continue to bid for Xinjiang cotton in the Xinjiang storehouse because of the relatively long time of outward cotton pportation in Xinjiang.

< a href= "http://www.91se91.com/news/index_c.asp" > cotton textile enterprises < /a > bidding cotton reserves are more cautious. Some enterprises indicate that cotton stocks are still available, and do not rush to purchase at this time. They may follow the pattern of "buying in accordance with purchase and purchasing in batches".

However, the sale of cotton reserves has been launched in part of 2012/13 cotton, which is welcomed by cotton enterprises, thus slightly increasing the overall turnover ratio of cotton reserves.

In April, the spot supply of cotton market was characterized by the auction of reserve cotton and the purchase of cotton as the main way of operation. It showed clearly the characteristics of the domestic cotton market in the era of "post purchase and storage", and was also an unprecedented pioneering work.

domestic cotton market in this month is still a weak trend of minor consolidation.

Cotton textile enterprises through auction of cotton reserves and purchase of cotton replenishment bank, there are few pactions in the spot, spot market continues the cold market without price, the price rises to 12 yuan this month, the highest price of 19387 yuan / ton, it will continue to decline, the whole month is a slight decline trend.

However, due to the large number of high count yarn orders in the early stage, it aroused the enthusiasm of cotton textile enterprises to buy high-grade cotton.

The price of long staple cotton continues to rise, and the trend is strong. This month, Xinjiang's 137 long staple cotton increased 2000 yuan / ton, or 7.49%.

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electronic matching cotton price in the US market weak decline and the reserve cotton auction price drag and limit, the one side of its spot property is unfolded. For example, the recent electronic matching MA1305 contract rose to the highest price of 19993 yuan / ton this month, after 11 days, it also entered a basically continuous channel of decline. After 12 days to 16 days, after the "three successive Yin", only one day later, from 18 to 23 days, it gave the "six Lian Yin" weak trend, and the whole month was also a weak trend in the consolidation.

< a href= "http://www.91se91.com" > ZHENG cotton futures < /a > cotton price is under the pressure of "invisible and forced" caused by the shortage of warehouse receipts and the handover of new and old warehouse receipts. The reverse trend of cumulative rise is given in the concussion operation.

For example, in the early days of the CF1305 contract of Zheng cotton futures, the trend of steady rise in the first ten days of the Zhengzhou cotton futures contract broke out on the 10 day, breaking the shackles of the new cotton purchase and storage price of 20400 yuan / ton last month, and rose to the price of 20520 yuan / ton. Since then, it has continued to increase the trend in the ups and downs of the concussion. At last, the 26 day market rose to the highest price of 20670 yuan / ton this month, ending the whole month.

After the entry of P > April, the number of cotton reserves was gradually decreased from last month.

One of the main reasons is that there is a relationship between the grade and the place of storage of cotton resources; two, it is restricted by the funds, and the cotton textile enterprises are mostly used to buy with them; three, with the successive realization of the quotas of imported cotton and the continuous decline of the cotton prices, some cotton textile enterprises are concerned about imported cotton; four, the latter policy is not yet clear, and the cotton textile enterprises are waiting for the next step to increase the import of high-grade cotton and imported cotton, and whether the new national macro policy of new cotton is put into the 2012/13 year. (the announcement said that the new cotton would be thrown out in April, and the NDRC officials also indicated that the proportion of higher grade cotton would be increased in April.

Wait-and-see mentality is strengthened.

Until 18, the 10 announcement of cotton reserves was made clear that the number of auctions was gradually raised after the import of cotton in part 2011 and the temporary purchase and storage of cotton in 2012.

When the weekend (19) auction ratio increased to 22.28% (the amount of 7.7 million tons), and the following week on Tuesday (23), when the volume increased to 9 million tons, the auction proportion increased to 23.20%, which shows that new cotton is favored by the market.

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it is understood that with the "a href=" http://www.91se91.com "outside the port" cotton < /a > prices fell, enquiries increased, turnover increased, shipments increased.

In addition, the number of cotton coming to Hong Kong has gradually decreased, and the pressure on port stocks has eased.

Late enquiries are mainly cotton, Brazil cotton and high quality cotton and other high-grade cotton India, Australia cotton and West Africa cotton bulk pactions.

Recently, cotton and textile enterprises in Jiangsu and Zhejiang provinces and Hebei have received notice to receive the quotas for imported cotton quotas for cotton packing in March, and the quota time is expected at the end of this month or early May.

The price of imported cotton quotas will continue to rise, the high-end quotation will be 3350-3400 yuan / ton, and the low price of 3300 yuan / ton will be relatively reduced. However, the calculation of import cost plus quota cost will be limited for most cotton traders.

according to the information feedback from the information staff, cotton sales in Cangzhou, Hengshui and Xingtai provinces in Hebei province showed a decreasing trend in the last ten days, and the price of real estate cotton was reduced by 100 yuan / ton, and the market wait-and-see sentiment was strong.

For example, the Cangzhou market is weak 3 spot spot price is 19100 yuan / ton (pick up, gross weight, take the ticket, the same below), the 4 level is 18800 yuan / ton.

Grade 229 Xinjiang cotton is 21200 yuan / ton, and grade 329 Xinjiang cotton is 20900 yuan / ton.

The main selling price of India cotton S6 has been sold at 18800-19000 yuan / ton, and the quality cotton is 20400 yuan / ton.

10 this month, China's < a href= "http://www.91se91.com > > Cotton Association < /a > announced the long-awaited" cotton temporary storage and purchase plan for 2013 "(hereinafter referred to as the" plan ").

"Plan" pointed out that in 2013, China will continue to carry out open storage and storage of cotton, temporary storage and storage prices remain unchanged, for the standard grade lint to the warehouse price per ton 20400 yuan (public weight), the quality of storage and purchase according to the new cotton standard.

The new year's storage and storage time will be from September 1, 2013 to March 31, 2014. The execution area will be the 13 main cotton producing areas in Tianjin, Hebei, Shanxi, Jiangsu, Anhui, Jiangxi, Shandong, Henan, Hubei, Hunan, Hunan, Hunan, and so on. Other production areas need to be included in the storage area.

Besides the implementation of the new cotton standard, the price and other contents of the new plan are basically the same as that of the previous year.

But the rules remain unchanged.

The next cotton year is about to implement new standards for domestic cotton. The specific gradation and running in of inspection are new problems faced by cotton processing enterprises involved in storage.

normalization of reserve cotton throwing and selling, and distributing cotton quotas in proportion and putting part of 2012/13 cotton in proportion, which not only alleviated the tense situation of domestic cotton textile enterprises, but also stabilized cotton prices in the domestic cotton market (although domestic cotton prices were still much higher than the price of foreign cotton).

At the same time, the price of cotton has also become a trend of mutual restriction.

But on the whole, in the environment of global textile < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > consumer demand has not yet fully recovered, and the US market has been weakening for a long time, the domestic electronic disk market is also weak and hard to change before the US disk has fallen to the final level.

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on the whole, the macroeconomic recovery is weak. In the domestic cotton market of the "post storage and storage era", there is a huge stock of state-owned cotton stocks (two years of total storage and storage of 9 million 636 thousand and 700 tons of cotton). The supply exceeds demand, and the government throws large quantities of storage and storage.

However, cotton textile enterprises still have worries and lack of confidence in the downstream orders, which will continue to pressure the market of flower gauze, and it is difficult to have a decent rebound.

But the supply of cotton seems to be tight around the world. Therefore, foreign cotton prices are likely to rise sharply, and domestic cotton prices will go down.

But it is sure that the future direction of the domestic cotton price operation, still can not be separated from the guidance of the reserve cotton bid, the price of three of the reserve cotton bidding, electronic matching and Zheng cotton futures will depend on each other and symbiotic with the same pulse.

Relative to the recent fall in the US market, the domestic cotton price has been relatively resistant, but it has not been able to get out of its independent market.

April full month statistics: China < a href= "http://www.91se91.com" > cotton price < /a > index CCindex328 accumulated a slight decrease of 13 yuan / ton, a decrease of 0.07%, running at 19362 yuan / ton at the end of the month; the 1305 1305 contract contract decreased by 288 yuan / ton, 1.44% at the end of the month, and 19743 yuan / ton at the end of the month. The 1305 cotton futures contract rose by 340 yuan / ton, or 1.67%, at the price of 20670 yuan / ton at the end of the month.

At the end of the month, the spot CCindex328 price was 381 yuan / ton lower than that of the electronic matching 1305 contract, which was 1308 yuan / ton lower than the 1305 contract of Zheng cotton futures.