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Demand Is Still Weak, Zheng Cotton Rebound Strong Pressure

2011/4/7 17:44:00 77

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Judging from the global market, although planting area is expected to increase, sowing has also started. However, in the face of rising agricultural prices and uncertain weather factors, the final planting area and late production are still unknown.

In view of the current spot market demand is still weak, Zheng cotton short term rebound pressure is still larger.

Fundamentals of the international market, the United States

cotton

The sowing work has been carried out in an all-round way, and has now completed the expected sowing area of about 4%, which is reduced by 1% compared with the 5 year average. However, Arizona has more than 3/4 cotton producing areas with abnormal drought and severe drought in 78.5% cotton producing areas in Dezhou. Even though the cotton planting area is expected to increase this year, the increase of yield per unit area and the rate of abandonment still increase the output of cotton.

Analysts say the market has now digested the US Department of agriculture's projections for us cotton planting area, and market participants are waiting for guidelines for the April crop supply and demand report to be released by the US Department of agriculture on Friday.

As for the domestic spot market, it is understood that domestic cotton planting has also started in succession.

cotton

The intention is generally increasing. However, due to the rising agricultural factors, the actual seeding situation is still difficult to determine at the later stage.

In addition, owing to wind and snow, Xinjiang's Northern Xinjiang delayed planting again.

At present, the market pmission is still not strong. According to the tradition of past years, 3 to April was the time when textile market entered the traditional peak season. However, due to the high cotton price and the poor international economic situation this year, the sales of textile enterprises were not smooth, and the pressure of funds gradually appeared.

Textile enterprises said that although enterprises want to increase cotton stocks, but because of a backlog of finished products, there is no extra capital to purchase raw materials. According to statistics, cotton stocks in spinning enterprises remain in a month or so.

Related data: 7, China's cotton price index (CC Index 328) 29608 yuan / ton, down 19 yuan / ton, 229 cotton to plant average price 30983 yuan / ton, down 46 yuan / ton.

In April 6th, raw materials related substitutes, polyester staple fiber 14200 yuan, fell 200 yuan, viscose staple fiber 25800 yuan / ton, down 500 yuan / ton; C32S price 36650 yuan / ton, down 100 yuan / ton.

In April 6th, the international cotton index (SM) 228.62 increased by 5 points, and the general trade port delivery price was 38136 yuan / ton.

Cotton price

Index (M) 226.30, up 15 points, discount general trade port delivery price 37751 yuan / ton.

To sum up: Analyst Zhai Naigang pointed out that at present, domestic downstream enterprises are difficult to ship their own products and have greater financial pressure. The enthusiasm of entering the market is not high, and most markets are in a state of no market price.

In addition, from the global market, although planting area is expected to increase, sowing has also started. However, in the face of rising agricultural prices and uncertain weather factors, the final planting area and late production are still unknown.

In addition, although the international economy has continued to recover, the foundation is still not solid, unstable and uncertain factors are still high, so the export situation of downstream textiles will remain an important factor worthy of attention.

In view of the current spot market demand is still weak, Zheng cotton short term rebound pressure is still larger.