Spot Sales Of Cotton Market In February Were Cold And Cheerless.

< p > February < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > the market is like spring footsteps, and a few more carefree and hopping, the cotton city's strong posture also let the market finally feel proud. The cotton market has welcomed the opening of the new year and brought a little relief to the mood of losing a year. < /p >
"P" looks back at the international cotton market. After entering February, the anxiety of US cotton exports and the shortage of resources in the future continue to ferment, and speculative capital pushes the market to go up again after a short adjustment. The spot market was also uneasy driven by futures. In February, the CotlookA index rose rapidly from 92 cents / pound to 95 cents / pound, with a slight adjustment at the end of the month. The rise of prices has obviously inhibited the activity of cotton trading, and the market in various places has been in a wait-and-see view after the price rises. < /p >
< p > US cotton export performance is excellent. In the past two months, it has maintained a high volume of contract and freight volume. This aggravated the market's worries about shortage of resources and shortage of stocks. The demand from Turkey, Vietnam and other emerging a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industrial countries increased rapidly. China's contract volume continued to grow negatively, and the status of import boss was not guaranteed. China's import cotton market is greatly affected by the international cotton price. The price rises obviously. The imported cotton price index once hovered at 98 cents / pound. The price of cotton and cotton in high-grade cotton increased sharply, resulting in the suspension of procurement and waiting for the price to fall. < /p >
< p > in the short term, the international cotton market has gradually recovered with the recovery of the economy. It is a fact that the supply and demand of cotton is basically balanced except for China. The growth of long-term cotton growing areas will inevitably increase the supply of cotton in the future. The shrinking of China's consumption and the huge inventory will increase the world's cotton stocks and sales pressure, and the contradiction between oversupply and demand can not be cracked, and the probability of long-term weakness will also increase greatly. < /p >
< p > back to the domestic cotton market. Since February, due to crossing the traditional Spring Festival, the cotton city nerves which have been stretched for a year have been somewhat relaxed and calm. Zheng cotton futures market continues to deduce the policy market of differentiation, and the free flow of funds and speculation on policy make the market sensitive nerves even more difficult to ponder. The panic of the market has made this weak long-term forward contract worse, losing the support of purchasing and storage, and the release of high inventory, which has become an unavoidable reality in the new year's cotton market. The weak is expected, the fall is a process, and the whole market fluctuates and the risk is impermanent. Compared to the futures market, electronic matching transactions are much quieted. The lack of stock and the continuous storage and rejection of the spot make it difficult to gather popularity. In recent months, there are few contracts and prices are not representative. The price of the far month contract is maintained at 18500 yuan / ton, and the basic and spot market as well as dumping and storage remain the same. < /p >
< p > cotton spot market is short of resources, free trading is very small, market prices remain stable, cotton index has risen slightly from 19442 yuan / ton to 19466 yuan / ton, and the market focus is still on top of dumping. After the Spring Festival, the purchase and storage is in the stage of finishing, and the resources of all parts are bottomed out. By the end of February, a total of 5 million 940 thousand tons of storage were completed, of which 3 million 930 thousand tons in Xinjiang, 2 million tons in the mainland and 84% of new cotton resources were collected. < /p >
< p > throwing and storage is still the main body of market cotton supply. As of February, a total of 1 million 630 thousand tons were planned and 590 thousand tons were actually traded, of which 539 thousand and 400 tons of new national standard resources and 161 thousand and 800 tons were sold. After the festival, the overall turnover ratio, volume and transaction price have gone down in varying degrees. On the one hand, the quality of the cotton dropped, and on the other hand there is no selling of imported cotton, and the main reason is that the demand for downstream cotton is not strong enough. < /p >
< p > > a href= "http://www.91se91.com/news/index_s.asp" > textile market < /a > due to the fact that there are many cases of suspension of work during the Spring Festival, enterprises are slow to resume work after the festival, and are faced with problems such as insufficient orders, high costs, difficulties in funds and difficult workers to find, especially in small and medium-sized enterprises. The demand for cotton yarn and cotton cloth in the lower reaches is weak, the market transaction is light, the price performance is low, the market is slow to move goods, and the whole is still recovering after the festival. Imported cotton is still the first choice for enterprises. The price has risen sharply in recent years. In particular, the high-grade cotton and cotton in the United States have increased by 1000 yuan ~2000 yuan / ton, and the quota is lacking, so that the cotton trade outside the port is cold and clear, and the price has no market phenomenon. < /p >