Domestic Cotton Prices Were Mixed With &Nbsp, And Cotton Prices Fell Slightly.

Last week (January 2011 3~7), domestic stocks kept rising and futures fell slightly. Cotton price Fall. Cotton prices rebounded slightly, polyester staple prices continue Rise 。

Recent gauze market rebound, textile enterprises financial pressure eased, and generally optimistic after the Spring Festival. Cotton market Prices, warming up before the holidays, the spread of cotton merchants reluctant to sell, spot prices continue to rise, however, by the general decline in commodity futures on Friday and ICE cotton exploration and other factors, Zheng cotton prices slightly lower. In January 7th, the average purchase price of the 3 grade seed cotton in the mainland was 11.52 yuan / kg (folding cotton lint 25407 yuan / ton); the average purchase price of Xinjiang grade 3 seed cotton was 10.82 yuan / kg (the price of cotton seed purchased 24005 yuan / ton), which was basically the same as last week. The national cotton price B index, which represents the average selling price of lint cotton in the mainland, is 27816 yuan / ton, up 56 yuan / ton compared with last week, and the average selling price of Xinjiang standard lint is 27544 yuan / ton, up 123 yuan / ton compared with last week. Zhengzhou cotton futures contract settlement price of 28510 yuan / ton in January 2011, down 150 yuan / ton compared with last week; the national cotton trading market electronic matching transaction average price of 28122 yuan / ton in January 2011, up 530 yuan / ton compared with last week.

This week, the US dollar index rebounded sharply, including pressure on the commodity market, including cotton. In addition, the number of US cotton contracts cancelled by some countries last week exceeded the new contract volume of 9253 tons, while the ICE cotton shock dropped and the international spot price also fell slightly. In January 7th, the New York cotton futures contract settlement price in March 2011 was 140.61 cents / pound, down 4.21 cents / pound compared with last week; the international cotton index (M), representing the average price of the Chinese main port on the import cotton, was calculated at 1% tariff, the cost of the import of RMB was 29020 yuan / ton, down 126 yuan / ton compared with last week, and the import cost of the folded renminbi was 29307 yuan / ton, compared with last week, compared with last week, it fell 125 yuan / ton.

The fabric sales in the lower reaches have improved, the order of textile enterprises has recovered slightly, and the price of cotton yarn has rebounded slightly. The price of polyester and short continues to rise due to the upward shift of the PTA price center. In January 7th, 32 cotton combed yarn prices were quoted at 33850 yuan / ton, up 50 yuan / ton compared with last week, and the price of polyester staple fiber was 13120 yuan / ton, up 350 yuan / ton compared with last week.

Looking ahead, the international cotton market is interwoven. In the short term, there is downward pressure on the international cotton market. First, the chairman of the Federal Reserve, Bernanke, has recently expressed cautiously optimism about the prospects for us economic recovery, coupled with the aggravation of European debt worries. The US dollar index will rebound or continue in the coming week, and commodities will continue to bear pressure. Two, the current progress of India's cotton listing is accelerating, and the decline of cotton production in Pakistan may be smaller than previously expected. However, foreign cotton imported later in China is relatively limited, and global cotton stocks are relatively low, which has become a medium and long-term support factor for international cotton prices. According to the January demand and output forecast data of the International Cotton Advisory Committee, by the end of 2010, the volume of US cotton export contract had exceeded 3 million 100 thousand tons, completed the annual expected export volume of more than 90%, India cotton export volume was less than 1 million tons, and export quota had all been used; Central Asian cotton sales exceeded 1 million tons, and completed 85% of the plan; cotton from Australia and Brazil could only be listed in April this year. Global cotton initial inventory in 2010/2011 is estimated at 8 million 880 thousand tons, the lowest since 1993/1994. To sum up, the international cotton price will continue to be highly oscillated.

Within a certain period of time, the domestic cotton market is expected to remain stable and strong. In terms of funding environment, the tense credit situation at the end of last year eased significantly in 2011. As of this week, the central bank has been putting money into the interbank market for 8 consecutive weeks, and this trend is expected to continue near the Spring Festival. Coupled with the fall of the PMI index in December, the market has eased concerns about the rate hike in January. In terms of textile economic operation, according to the Ministry of industry and information technology, in 2010 1~11 cotton textile industry over 5 million yuan fixed assets investment total 350 billion 808 million yuan, an increase of 29.54% over the same period, and investment remained strong. From the basic aspect of cotton market, the factors restricting the rise of cotton prices have been alleviated, and textile procurement demand has been gradually released. According to the survey, as the gauze Market thaw, the small and medium-sized textile enterprises that once cut down production and stopped production once again entered the market to purchase. Some large enterprises began to appear in bulk purchasing, and even substantially increased procurement quotes. However, in view of the current domestic inflation and stable price pressures are still relatively large, cotton prices will inevitably be affected in the future, and cotton enterprises should pay close attention to it.