US Cotton Market Is Expected To Stabilize

< p > with the a href= "http://www.91se91.com/news/index_p.asp" > US < /a > the last minute of the Senate, the US government opened its doors 16 days after its closure.

During the closure of the government, major commodities such as international crude oil and New York cotton were used to guide weak market consolidation due to lack of information.

In the domestic market, with the increase of the purchase price of wheat, the issuance of 300 thousand tons of cotton processing quotas and the steady development of the macro-economy, the sales of gauze have rebounded, cotton spot has increased slightly, viscose staple fibers have stabilized and stabilized, but the short staple market of polyester is hard to change, futures are downward adjusted, and the quality of cotton is restricted.

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< p > 1, the US government is open to business and the US cotton market is expected to stabilise.

In the evening of October 16th, the US House of representatives reached an agreement with 285 votes to 144 votes, allowing the US government to postpone its borrowing authority until February 7, 2014, thus ending the political farce, and the 16 day closed government business.

During this period, the US cotton Department released the US cotton export report, the global cotton market forecast and other related reports were released, resulting in the lack of information to guide continuous low disk.

New York cotton fell 350 points to 83 cents, or 4%, from 87 cents.

And in a week, including oil prices, it continued to operate at a low level.

The US debt crisis will weaken the US dollar index, create a pattern of appreciation of the RMB against the US dollar, increase the cost of China's exports, and create pressure on the prices of export products, which will exacerbate the already difficult export industry.

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< p > 2, raising grain purchase price, the cotton policy is expected to be innovating next year.

In order to protect the enthusiasm of farmers to grow grain, the state determined that the minimum purchase price of wheat (three, etc.) produced in 2014 increased to 118 yuan per 50 kilograms, an increase of 6 yuan over 2013.

Prior to that, the lowest price in 2011 was 94 yuan / Dan, and the cotton purchase and storage price was determined to be 19800 yuan / ton. In 2012, the minimum purchase price was 102 yuan / load, raising 8 yuan, and the cotton purchase and storage price was 20400 yuan / ton. The price of wheat was 112 yuan / ton in 2013, and increased by 10 yuan, while the cotton purchase and storage kept 20400 yuan / ton.

In 2014, the minimum purchase price of wheat was raised again, and how the cotton policy will change will be directly compensated or kept in storage.

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< p > 3, cotton import quota has been issued in the whole year, and port cotton is especially short of high grade.

According to reliable information, last week, the state issued 300 thousand tons of cotton processing quotas again. The total quota for 2013, including the general trade sliding tax quotas and the quota of processing trade quotas issued by the customs, and the dumping and storage, were all issued.

It is also understood that, due to the expiration of the sliding tax quota at the end of the year, < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > enterprises are actively purchasing cotton before the end of December, especially the port and Macao cotton.

Mei Pima cotton has also been favored. In the week of 9.20-9.26, China signed 12 thousand tons of Pima cotton and signed a single week of the top of Pima cotton.

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< p > 4, storage and storage increased slightly, but the number was far less than that of last year.

This week, 156 thousand and 500 tons of cotton were stored in the country, up 8.3% from last week.

Among them, Xinjiang's storage capacity of 86 thousand and 600 tons, down 8.7%, Hebei (14 thousand and 750 tons), Hubei (12 thousand and 880 tons) and Shandong (11 thousand and 690 tons), respectively, increased 50.2%, 86.7% and 88.6% over last week.

As of October 18th, the total storage capacity of the country was 401 thousand and 760 tons, a decrease of 62.8% over the same period last year.

The main storage areas decreased by more than 6 (the following table).

It is understood that the main reason for the decline in reserves this year is the high price of seed cotton and the sharp drop in profit margins.

Two, the quality of cotton is low, and the ratio of cotton reaching the standard meets the demand.

According to the report of Hunan Bureau of inspection and quarantine, 65% of the 7500 tons of cotton inspection failed to meet the storage standards, resulting in cotton enterprises operating slowly or stopping new cotton. As of October 5th, the acquisition of new cotton accounted for only 15% of the total picking capacity.

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< p > 5, the economic situation is stable and good, and the latter market is expected to continue to stabilize.

According to the latest macroeconomic data released by the National Bureau of statistics, the gross national product increased by 7.7% in the first three quarters of this year, including 7.7% in the first quarter, 7.5% in the two quarter, and 7.8% in the three quarter. Although it did not grow at such a high speed as in previous years, it basically increased steadily and steadily according to the objectives set by the State Council.

Because of the fundamentals and gradual improvement, the gauze Market in the textile industry is also showing signs of warming. The sales of gauze have rebounded, and cotton prices have also increased to varying degrees. Viscose staple fibers have stabilized and stabilized, but the speed of polyester and short staple has been suppressed, but the weak market structure is hard to change in the short term.

It is noteworthy that there are big variables in the domestic cotton market.

On the one hand, the domestic cotton production and quality have declined, increasing the pressure of supply and demand; secondly, most of the textile enterprises, especially small and medium enterprises, < a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a > stocks are inadequate; three, the use of quotas at the end of the year and the tight import of cotton resources, therefore, the textile enterprises have certain expectations for throwing and storing.

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