Futures Prices Have Fallen Sharply And Manufacturers Are Generally At A Loss.

2011/3/2 17:12:00 64

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On Monday, the US cotton continued its trading limit, with a 191.23 gain in May and a 7 rise.

ICE cotton holdings fell to a 7 month low, against the current global

cotton

In a tense supply situation, USDA may increase global forecast for cotton consumption before.

International commodities are up and down.

The US dollar index dropped to near 76.

Down to the lowest level in nearly four months.

In March 1st, Zheng cotton futures continued its upward trend, led by the main 1109 contract, went up high in the morning and tried to fill the gap near 33300, but failed.

1109, the contract broke through 32850 pressure lines, eventually closed 32435, up 535 compared with the previous day, the main contract increased 22278 positions, Zheng cotton overall increased 15716 positions, 1105 contracts continued to reduce positions, the same day 2322 hand.

On the spot, the average price of domestic lint spot increased significantly on the 1 day.

China's cotton price index (CCIndex328) was 30467 yuan / ton, and the average price of cotton grade 154429 to cotton plant reached 29696 yuan / ton, up 114.

The average price of the 3 grade seed cotton purchase is 6.49, which is higher than the average price of the previous day. The average purchase price of 0.1,4 cotton is 6.19 yuan / kg, up 0.06.

The price of cottonseed is basically stable. At present, the domestic average price is 1.72 yuan / Jin, which is higher than that of the previous day. The higher price of Shandong cottonseed is stable at 1.85-1.88 yuan / Jin, up 0.02 compared with the previous day, and the average price of cotton lint price is 12611, up 16 from the previous day.

Short pile

The offer is 13000-13500 yuan, Ping.

Domestic polyester staple fiber is currently 14850 yuan / ton, down 50 compared with the previous day, viscose staple domestic average price of 28200 yuan / ton, Ping.

On the macro level, in February 2011, China's Manufacturing Purchasing Managers Index (PMI) released by China Federation of logistics and purchasing was 52.2%, down 0.7 percentage points, and the rate of decline was significantly narrower than that of last month.

Although the ratio fell, it was still 0.2 percentage points higher than the same period last year.

However, import index and new export order index of textile industry, clothing and footwear manufacturers and feather and down products industry are below 50%.

It shows that textile and garment export enterprises are worried about the future market.

Upper cycle

Cotton price

The impact of a sharp decline, the recent downstream market yarn prices have generally been lowered, but the decline is not large.

Recently, the spot cotton market quotation is chaotic. Due to the sharp rise in futures prices, spot manufacturers generally feel confused, and the price that has just been adjusted is re adjusted.

Today's China Trade Fair is held in Shanghai. The situation of textile foreign trade orders can be seen from this. Another country will convene two sessions in March 3rd. There is a big uncertainty in policy.

We recommend careful short-term operation.

Today, the main line of zhengmian is on the 32850 line. Recently, we can pay attention to whether the gap in the vicinity of 33000 will be compensated.