Domestic And Foreign Cotton Market Prices Have Risen Sharply.

< p > according to the website of the SASAC, recently, the a href= "http://www.91se91.com" > cotton < /a > speed of storage and purchase has been further accelerated, and the entry of the backbone enterprises has started, and domestic cotton prices have remained stable and slightly increased.

Yarn sales in some areas slowed slightly, yarn prices remained stable and polyester staple prices fell slightly.

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< p > November 1st, 32 cotton combed yarn quoted price of 25835 yuan / ton, down 5 yuan / ton compared with last week, or 0.02%, up 85 yuan / ton, or 0.3%; polyester staple price 9720 yuan / ton, down 30 yuan / ton compared with last week, or 0.3%, down by 730 yuan / ton, or 7%.

The average price of cotton seed purchase in the mainland was 4.33 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 4.51 yuan / Jin, which was unchanged from last week, up 0.27 yuan / Jin, or 6.4%.

The average selling price of the standard grade lint in the mainland is 19582 yuan / ton, up 16 yuan / ton compared with last week, or 0.1%, up 788 yuan / ton compared with last week, or 4.2%; the average selling price of Xinjiang standard lint is 19862 yuan / ton, up 10 yuan / ton compared with last week, or 0.1%, up 884 yuan per ton, or 4.7%.

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< p > Zhengzhou cotton futures contract settlement price in January was 19805 yuan / ton, down 15 yuan / ton compared with last week, or 0.1%, up 245 yuan / ton compared with last week, or 1.3%; the average contract price of the national cotton trading market electronic matching January was 19572 yuan / ton, up 64 yuan / ton compared with last week, or 0.3%, up by 514 yuan / ton, or 2.7% percent.

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< p > October 2013, the National Bureau of statistics of China Manufacturing Purchasing Managers Index (PMI) was 51.4%, an increase of 0.3 percentage points from last month, rising for four consecutive months, a 18 month high.

In October, HSBC China (PMI) ended at 50.9, an increase of 0.7 percentage points over September, the strongest growth in 7 months.

On the basic level, part of < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > demand for enterprise replenishment is strengthened, and purchasing power of cotton has increased.

At present, the quality of some cotton has declined, and some enterprises' inspection results are not as good as expected. Some enterprises' purchasing enthusiasm has dropped slightly. Cotton farmers are reluctant to sell their spirits. The purchase and sale are slightly deadlocked. Under the support of the purchasing and storage policy, the domestic seed cotton purchase price is high and stable. It is expected that cotton prices will continue to run smoothly in the near future.

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< p > the pressure of new cotton harvest and the poor data of weekly export of American cotton exports caused the international a href= "http://www.91se91.com/news/index_s.asp" > cotton price < /a > continued to decline.

In November 1st, New York cotton futures contract settlement price in December was 76.58 cents / pound, down 2.5 cents / pound, or 3.2%, compared with last week.

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 13920 yuan / ton, down 216 yuan / ton, or 1.5% yuan, lower than the domestic market 5662 yuan / ton, the price difference increased 232 yuan / ton compared with last week. According to the sliding tax, the cost of import is 15031 yuan / ton, down 152 yuan / ton compared with last week, or 1% yuan, lower than the 4551 yuan / ton in the domestic market, and the price difference increased by 168 yuan / ton last week.

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< p > the American Purchasing Management Association Chicago branch October Purchasing Managers Index (PMI) reached 65.9, the highest since March 2011, of which the new order sub index was 74.3, the highest value in 9 years.

The euro area economic index in October was better than expected, rising for the sixth consecutive month, indicating that Europe and the United States continued to grow slowly.

Basically, the new cotton harvest in the northern hemisphere has entered a peak period, but cotton purchasing is weak and market confidence is low. As of October 31st, New York futures prices have fallen for ten consecutive trading days.

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< p > the cotton production report released by the US Department of agriculture shows that the picking of cotton and boll picking in the United States has been speeded up in the near future.

As of October 27th, the United States cotton bolting rate was 92%, an increase of 11 percentage points from the previous week, picking rate of 34%, an increase of 13 percentage points from the previous week.

The US cotton export weekly report shows that in October 2013, 4-24 days and three weeks, the net volume of US cotton exports was 138 thousand and 900 tons in 2013/14, and the net volume of US cotton exports in October 2013 was only 3 thousand tons, the lowest level expected by the market.

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< p > cotton is expected to continue to run weak during the period of cotton market listing. We should pay close attention to relevant forecast reports and China's cotton consumption related < a href= "http://www.91se91.com/news/index_q.asp" > policy > /a > changes.

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