Domestic Cotton Prices Have Stabilized In Recent Years, And International Cotton Prices Rebounded Slightly.

< p > recently, according to the provisions of the reserve and storage plan, the 2013 a href= http:// www.91se91.com/news/index_c.asp > cotton temporary storage and storage < /a > was launched in September 9th.

The implementation details of the purchase and storage regulations emphasize the key measures such as strictly controlling cotton quality, one-time settlement, limited time limit for new cotton trade and large single purchase and storage.

Domestic a target= "_blank" href= "http://www.91se91.com/" > textile < /a > market sales rebounded slowly, and cotton yarn prices ran relatively smoothly.

In September 13th, 32 cotton combed yarn prices were quoted at 25815 yuan / ton, down 5 yuan / ton last week, or 0.02%, up 145 yuan / ton compared with last week, or 0.6%; PET staple price was 10170 yuan / ton, down 20 yuan / ton compared with last week, or 0.2%, down by 570 yuan / ton, or 5.3%.

The average price of the 3 cotton seed cotton purchase in the mainland is 4.24 yuan / Jin, up 0.04 yuan / Jin last week, or 1%, up 0.07 yuan / Jin, or 1.7%; the average price of Xinjiang white cotton 3 cotton seed purchase is 4.41 yuan / Jin, which is equal to last week, up 0.22 yuan / Jin, or 5.3%.

The average selling price of the standard grade lint in the mainland was 19277 yuan / ton, unchanged from last week, up 521 yuan / ton, or 2.8%; Xinjiang standard level < a href= "http://www.91se91.com/news/" > lint < /a > average selling price 19512 yuan / ton, unchanged from last week, up 554 yuan / ton, or 2.9%.

Zhengzhou cotton futures contract settlement price in November was 19950 yuan / ton, up 15 yuan / ton compared with last week, or 0.1%, up 850 yuan / ton compared with last week, or 4.5%; the average contract price of the national cotton trading market electronic matching November was 19527 yuan / ton, up 188 yuan / ton compared with last week, or 1%, up 407 yuan per ton, or 2.1%.

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< p > according to the data of the National Bureau of statistics and other institutional data, in August, the industrial added value increased by 10.4% over the same period of the previous year, up 0.7 percentage points from July, which has been rising for second consecutive months, the growth rate has reached a high level since April 2012, and the industrial electricity consumption has increased by 12% over the same period last year, up 3.9 percentage points faster than that in July, rising for the third consecutive month, increasing at a high level since March 2012. In August, the factory price (PPI) of the industrial products rose from a decline to a year-on-year decline, and the year-on-year fall also narrowed further.

In August, China's main economic data continued to pick up momentum, and the signs of economic growth were more clear.

On the basic level, the implementation method of temporary storage and purchase in 2013 revised the rules of entering and storing new territories cotton, emphasized the limited time limit auction, and made clear provisions for strictly checking cotton rotation. At the same time, combined with the new cotton quality inspection standard, the quality requirements of main colors, length uniformity, breaking strength, quality of rolling mills and foreign fibers were put forward strictly.

The policy of collecting and storing has been strictly regulated. The demand for processing technology and capital strength of enterprises has been raised. Most processing enterprises reflect that small batch processing is the first priority. During the acquisition, the moisture content and impurity content of seed cotton will be strictly checked, and the consistency of whole cotton quality should be ensured as far as possible.

Under the support of temporary purchasing and storage policy, the domestic a href= "http://www.91se91.com" > cotton price < /a > is expected to continue to run smoothly.

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< p > > a href= "http://www.91se91.com" > American cotton exports < /a > the contract remained stable. According to the US Department of agriculture (USDA), as of September 5th, the United States signed a net contract volume of 31 thousand tons of cotton exports in the 2013 year, a 52.8% increase over the past 4 weeks, supporting a slight rebound in international cotton prices.

In September 13th, New York cotton futures contract settlement price in October was 85.21 cents / pound, up 2 cents / pound compared with last week, or 2.4%.

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 14642 yuan / ton, up 332 yuan / ton, or 2.3%, lower than that of the domestic market by 4635 yuan / ton, and the price difference decreased 332 yuan / ton compared with last week. According to the sliding tax, the cost of import is 15544 yuan / ton, up 243 yuan / ton compared with last week, or 1.6% yuan, lower than the 3733 yuan / ton in the domestic market, and the price difference decreased by 243 yuan / ton last week.

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According to the US Department of Commerce and other institutional data, the US core retail sales grew by 0.1% in August, slower than last month's 0.5% growth rate. In September, the initial consumer confidence index of University of Michigan dropped from 82.1 last month to 76.8, down 5.3 percentage points from the previous month, and the above data all hit the low point since April of this year. P

Recently released part of the U.S. economic data showed weakness, highlighting the slow pace of economic recovery in the United States, instability is still outstanding.

The US Federal Reserve Committee meeting on interest rates is about to take place. To reduce the scale of quantitative easing and increase the market expectations again, the fund has increased its net multi position to the highest level in the past 4 weeks. The weekly traders' position report of the US Commodity Futures Trading Commission (CFTC) showed that the fund held a net long position of 21200 US dollars in the week ending September 10th, up 74.5% over the previous week.

By then, if the QE reduction plan is put into operation, the US dollar index is expected to go strong and the commodity market will operate under pressure.

On the basic level, according to the US Department of agriculture's forecast of agricultural products in September, compared with last month, the global cotton output increased by 226 thousand tons to 25 million 566 thousand tons in 2013, and the consumption volume was reduced from 71 thousand tons to 23 million 848 thousand tons. The end of the stock increased 210 thousand tons to 20 million 625 thousand tons, an increase of 10.1% over the same period last year, and the inventory consumption ratio at the end of the year was 86.5%, up by 1.1 percentage points from the previous month.

The end of the world's cotton stocks rose a record straight, the consumer outlook is not optimistic, the fund has been substantially reduced for third consecutive weeks. As of September 10th, the fund holds 44099 net annual net positions of the Handbook, a decrease of 10.5% compared with the previous week.

On the whole, the supply and demand fundamentals of the global cotton market are empty. < a href= "http://www.91se91.com" > international cotton price < /a > it is difficult to shake off the weak oscillation pattern.

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