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    Domestic Cotton Growth And Improvement, Textile Enterprises Inventory Pressure Increased

    2014/6/13 17:01:00 33

    New CottonSpinning EnterprisesInventory

    < p > 5-11 June 2014, the domestic cotton market prices continued to decline, the range did not expand, of which the average price of the national cotton price A index (CNCotton A) representing the mainland 2129B cotton price was 18191 yuan / ton, down 20 yuan / ton compared with last week; the average price of the national cotton price B index (CNCotton B) representing the mainland 3128B grade cotton price was 17372 yuan / ton, down 10 yuan / ton. < /p >
    < p > recent, < a href= "http://www.91se91.com/news/index_c.asp" > Xinjiang < /a > the air temperature is still in a state of change and slow recovery. The growth and development of new cotton has been improved in the earlier stage. Among the parts of Northern Xinjiang, the new cotton is seriously damaged and the cotton fields are replanted to other crops. The cotton fields in the southern Xinjiang have been replanted and sprouting up, and the growth situation has gradually improved. The weather in the Yangtze River and the Yellow River Valley has turned to normal, and the temperature is rising, which is very beneficial to the growth of cotton beads, and the overall growth is good. < /p >
    < p > it is understood that the domestic a href= "http://www.91se91.com/news/index_c.asp" > textile enterprise < /a > entered the off-season, and the survival was more and more difficult. The limit production and the rate of stop work continued to increase. In recent years, domestic cotton prices continue to fall, dragging down the price of cotton yarn, coupled with the impact of imported yarn and downstream enterprises on the recession, inhibiting yarn to carry goods, spinning enterprises finished product inventory pressure increasing, purchasing raw materials enthusiasm is not high. According to the statistics of China's cotton net, as of June 11th, the cumulative output of cotton reserves in 2013 was 1 million 863 thousand and 100 tons, of which 1 million 750 thousand and 200 tons were made of domestic cotton and 112 thousand and 900 tons of imported cotton. < /p >
    < p > according to the production report of < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > released by the US Department of agriculture, as of June 8th, the cotton planting rate in the United States was 89%, an increase of 2 percentage points over the same period, and the current bud rate was 8%, an increase of 2 percentage points over the same period last year. < /p >
    < p > the ratio of growth to above grade level is 50%, up 8 percentage points over the same period. By the impact of the index fund transfer trading to the climax, ICE futures contract increased sharply in July, and the contract continued to be weak in December. < /p >
    < p > market participants expect that the US cotton export forecast is expected to increase as the recent US cotton exports are higher than expected, while the US cotton end inventory will be reduced accordingly, and USDA should be paid attention to later. < /p >
    < p > recently, the main cotton producing areas in China have improved and cotton seedlings have entered normal growth. Textile Enterprises Limited production and shut-down rate increased, the pressure of cotton yarn inventory increased, the enthusiasm of purchasing raw materials in general, cotton city in the short term is difficult to fluctuate significantly. < /p >
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