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The Expansion Of Cotton Price Differentials Highlights The Pressure Of "Pressure Mountain".

2014/7/16 13:42:00 9

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the focus of the international cotton market is still that the US cotton is growing well, and the increase in production is expected to increase. The fear of shrinking consumption and difficulties in sales is reconfirmed by the cotton supply and demand report. In addition, China's cotton price is low, its inventory is excessive and the import is tight. ICE Intercontinental Exchange cotton futures have yet to get rid of the downward trend, and seek new support in the endless fall. The main force was hit in December. After a continuous decline, this week fell below 70 cents / pounds strong support position, re opened the down channel, continued to break down, and the lowest value was 68 cents per pound. In July, the decline slowed down in July and ended with a total of 74 cents / pound. 
 the spot market is hard to resist under the big drop of futures. This week, it continued to decline slightly, and the Cotlook A index fell below 84 cents / pound. The decline in prices has attracted some buyers' enquiries, and spot spot spanactions have increased, but the market price has further declined. The US cotton export contract has improved, but it can not erase the market's worries about future sales, and is faced with the fact that cotton is expected to increase substantially and its inventory continues to rise and China's consumption is decreasing. China's imports of cotton market is still light, and price promotions are widespread. The imported cotton price index is down below 85 cents / pound. The stock price of India cotton is much higher than that of 16700 cents per ton. The average price of cotton 1~5/32 is about 18600 yuan / ton. Most cotton traders are eager to reduce their losses or return to the cage for sale and promotion, but the market has a heavy wait-and-see mood, and the desire for domestic enterprises to buy is relatively low, and the market is generally cold and clear. 
 domestic a href= "http://www.91se91.com/news/index_c.asp" > cotton market < /a > is still cold and pressing. The fall in the international market has led to the "earthquake" in the domestic futures market. The confidence of the market has fallen to the bottom of the policy expectation. The low demand and abnormal inventory forced the market to be empty and unable to bear the enormous pressure brought by pessimism. Zheng cotton futures market has broken away from the reality of fundamentals and tried to "go all the way." The main contract for the new year's January is obviously the main battleground for competition. The short face has come to the surface, giving the Bulls no way to fight. After falling to 14800 yuan / ton, it has stopped for a long time and has hit a new low again. At the end of the week, 14230 yuan / ton is closed at the end of the week. The whole disk has a similar decline in every month. In January, it became a price depression. The volume and position of the market surged sharply, and the game of capital became more obvious. The electronic matching market is also affected by the a href= "http://www.91se91.com/news/index_c.asp" > futures declines < /a >, but there has been a lot of decline every month. However, the activity of the disk has increased a lot, which has stimulated the interest of the enterprises, and the volume of spanactions and orders has increased substantially. The average price in recent months has remained at 16000 yuan / ton ~16400 yuan / ton in the new year September, and has remained at 14300 yuan / ton for a long month. 
 > a href= "http://www.91se91.com/news/index_c.asp" > spot market < /a > compared with the futures market is still calm, about 1/4 cotton traders are still in stock, more than 80% of the enterprises are in a loss or flat state of operation, sale is still the trend of the times, spot cotton price index continues downward, weekend reported 17273 yuan / ton, far higher than the electronic disk market and the cotton market. The volume of cotton reserves and turnover ratio continued to fall, and the spanaction price remained stable. As of this week, a total of 9 million 210 thousand tons of cotton reserves were planned to be put into operation this week. The actual turnover was 2 million 160 thousand tons, with a turnover ratio of 23%. Under the old national standard, the average price of the resources was 328, which was above 17200 yuan / ton. The average price of the new national standard was 16900 yuan / ton, and the imported cotton was 3188 tons, with an average price of 16550 yuan / ton. 
 the situation of poor cotton reserves reflects the continuous decline of cotton use in textile enterprises. The sales market of cotton yarn and grey cloth in the downstream textile market is weak, and the price of raw materials keeps falling, forming a downward trend in product prices. The pure cotton yarn price index continues to decline slightly, and the market has a majority of spot spanactions. The situation of export and domestic demand has not improved. It is more pessimistic for the latter market, short and low price of enterprise orders, low start-up rate of enterprises, difficulties in returning funds, raw material purchase and high inventory of finished products, and the production and operation of enterprises that have ceased production and production spanfer have been deteriorating. The fall in external cotton prices has widened the gap with domestic cotton prices, further weakened the competitiveness of domestic enterprises in the international market, and imported cotton yarn impacted on the domestic market with cost advantages, especially low count yarn, which further occupied the domestic textile market. At the same time, the substitution of chemical fiber and viscose as raw materials has been recognized by more enterprises. The textile and cotton industry has been shrinking. Textile enterprises are undergoing unprecedented market tests.