Home >

Commodity Futures Will Continue To Maintain A Strong &Nbsp, And The Trend Of Cotton Growth Will Not Change.

2011/3/1 16:28:00 41

??? 日本語 Fran?ais English 中文

On Monday, domestic commodities rose across the board. Of them, Zheng cotton plate rose all the way and ended up on a daily limit.

Analysts said that the current ample liquidity in the world to a certain extent to support the formation of commodities, commodity futures will remain strong in the near future.

Last Friday, most of the products on the outside market rebounded.

commodity

Futures markets have rebounded across the board.

Shanghai copper (743202020.00,2.79%) and Shanghai Rubber (39315970.00,2.53%) rose more than 2.5%, oil and legume as a whole rose by 2%, while PTA (11828456.00,4.01%) rose 4%, leading to three chemical industries.

However, cotton futures (324352125.00,7.01%) are the most conspicuous.

Yesterday, Zhengzhou cotton futures opened high, followed by a strong rebound, the end of the sharp rise.

The main CF109 contract opened up at 31155 yuan / ton, and the whole day price concussion rose. The market ended up at 2125 yuan / ton, closing at 32435 yuan.

Active trading in the market, volume increased sharply to 1 million 278 thousand and 700 hands, holdings increased to 305 thousand.

Zhang Yufeng, a Zhongzhou futures analyst, said that on February, the 28 US cotton trade rose again, which affected the domestic market.

Yesterday, China's National Bureau of statistics released data show that cotton production fell 6.3% to 5 million 970 thousand tons last year, while customs data said that China's total imports of cotton in the 2010 year 1 million 277 thousand tons, an increase of 49.9% over the same period last year.

This news has played a certain role in promoting the rise of cotton prices yesterday.

News of tight supply of cotton is also coming from the international market.

In February 28th, India said that due to lower than expected volume of imports, the country lowered its forecast of cotton production by 5.2% to 31 million 200 thousand packages this year, significantly lower than the 32 million 900 thousand package estimated in January 6th, resulting in a significant reduction in cotton production in the global market.

Since the market was generally worried about India's export pressure on cotton prices, the speech made by India officials yesterday made the market known as the aftermarket, and India's exports would be reduced or even stopped.

Insiders said that after the Spring Festival, most of the domestic textile enterprises did not fully start.

Cotton demand

Not yet fully released.

At the same time, in the face of high cotton prices, many manufacturers have adopted the inventory strategy of buying and using, and also slowed down the demand for cotton to a certain extent.

Spot prices, cotton prices and yarn prices remained stable, or not obvious, but corporate profits remain at a good level, the future generally bullish.

However, a large increase in domestic cotton will ease the shortage of cotton supply in the short term. Therefore, cotton prices may come back after a new high yield is expected.

But in the long run, the supply and demand of cotton market in China is still very tight this year. The rebound in US cotton prices last Friday also showed that domestic demand was still strong and cotton prices were expected to be high.

Yongan Futures

Ren Xinpu, an analyst at the Institute, also believes that although the macro-economy is facing structural adjustment and pformation of development mode, the textile industry is facing obstacles such as appreciation of the renminbi, high price of raw materials, increased labor costs and difficult recruitment. However, the development of production and development of textile production is a natural thing for all parts of China and practitioners. People in the industry will overcome difficulties and maintain their hard won international market position of textile and garment exports and the increasing consumption of domestic textile and clothing.

Therefore, under the shortage of high-grade cotton, the rising trend of cotton will not change.