International Fabric Raw Material Market Analysis Data This Week

< p > < strong > this week the opening of the wool Merino index increased by 4.6% < /strong > < /p >.

< p > the week before the last auction before Christmas break, the Cape a href= "http://www.91se91.com/news/index_s.asp" > wool > /a > Merino index increased by 4.6% compared with the previous week's auction, and was charged at 116.58 RAND / kg net gross.

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< p > closing price is 14.3% higher than the sales price of Kai Pu, 13.5% higher than that of the same period last year.

In Australia, the wool market has also seen substantial growth.

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< p > in the auction room, there was a good competition among all the trade sectors. Although this week's offer was large, reaching 14972 packets, the turnover rate reached 95% this week.

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< p > the exchange rate of South African rand with the US dollar is 2.5% lower than last week, to 10.36 Rand to US $1.

The exchange rate between Rand and the euro dropped by 2.4% to 14.07.

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< p > all wool prices have risen, of which 19.5 micron long shearing is the largest.

The main buyers are Modiano company (4002 packs), standard Wool Company (3333 packs), Lempriere company (3192 packages), Stucken company (1639 package), Segard Masurel company (1069 packages).

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< p > the average price trend of different types of quality long velvet shoring (MF5) is as follows: 18 microns increased by 4.2%, reaching 128.04 RAND / kg; 18.5 microns increased by 3.9%, and 19 microns increased by 4.9%, reaching 123.38 RAND / kg; 19.5 microns increased by 5.9%, reaching 19.5 RAND / kg; and the micron increased to reach the level of blue and kilogram; the rise of the micron was reached to the level of the blue or kilogram; the rise of the micron rose to the level of the orchid / kg; the rise of the micron rose to the level of the blue and the kilogram.

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The last auction before P was launched in December 11th, and the number of registered wool is 8500 packs.

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< p > < strong > Reinhardt: if there is no major interference factor, the trend of short-term price will not change significantly. < /strong > < /p >

P > ICE cotton futures - there are no noteworthy changes in the market this week.

< a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a > futures were flat in about a month, and the price fluctuated around 78.50 cents.

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Less than P, in the late August and October, when the bulky long positions were abandoned, speculators temporarily showed no interest in bulls and bears.

It may be necessary for the market to climb up to 82-86 cents in a convincing way to stimulate speculative speculative buying.

On the other hand, the market seems to be skeptical. In the near future, speculators will be more inclined to bear short prices.

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< p > overall, there is little change in the short-term prospects of the market.

If the price falls to 75 cents -72 cents, then good support from China textile mill will emerge, and China textile mill will import cotton with interest of 40%.

On the other hand, if the market rises to 82-86 cents, there will be strong resistance to cotton production.

Therefore, if there is no significant interference from the external market, there is no obvious speculator's different actions, and there is no unexpected major change in the fundamentals at present, there will be no major and lasting changes in the market in the short run from the current price level and trading mode.

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< p > technical side: the short-term prospect is neutral, the resistance level is 79.50-80.50 cents, and the support level is 77.50-76.50 cents.

The medium-term outlook is bearish, but there is a considerable possibility of a correction of the opposite trend.

If the closing price is higher, or the value created is higher than 84 cents, the bearish outlook is invalid.

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< p > the weather in the US Delta and southeastern regions was improved. The growers went back to the cotton field to continue picking < a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a >.

The work of the ginning work continued without being affected by untimely weather, because the yard of the ginning factory was stacked with many large bags of cotton that had already been laid.

The yield per unit area is affected by the changeable weather environment of cotton growth and harvest period, resulting in many differences in the output of producers.

Surprisingly, cotton quality is very good, maintaining the trend of the past few years, this generation of manufacturers has adopted excellent crop management methods, so the quality is improving.

Growers also use crop rotation in cotton fields, which is also an important factor in average yield per unit area and quality improvement.

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< p > China - after last week's short-term consolidation, prices continued to rise from the low point of 18310 (14 year May contract) in mid November.

The market is in a short-term upward trend, and the next target area is 18 '830-18' 870 yuan.

Recent trends support the current bullish mode at 18 '610 and 18' 500 yuan.

The long-term outlook remains neutral, provided that the price does not exceed the high point of 19000 yuan in mid October.

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< p > this week China's import business has no characteristics. With the cheapest import price slightly higher than these levels, it is possible to add 40% of the tariff to import cotton.

The result of reserve sales is impressive. This week's settlement rate is consistently higher than 50% (Monday is 67%), although it is the most expensive upland cotton in the world.

Textile companies need cash, and they have no other real choice but to buy cotton from reserve institutions.

The proportion of imported cotton in 2011 was 12% and 14% respectively.

At present, reserve institutions are still the largest and most important participants in the market.

The storage and storage of reserve cotton reached a total of slightly more than 3 million 300 thousand tons as of yesterday, compared with 3 million 500 thousand tons in the same period last year.

Therefore, the speed of catching up is impressive.

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