Sporadic Orders Are Still The Main Line &Nbsp; The Road To Recovery In Cotton City Is Still Hard.

International news is lively

With the three rating agencies downgrading the credit rating outlook of Greece and Italy, the European sovereign debt crisis is becoming more and more serious, and the US dollar exchange rate has strengthened, and international crude oil and other commodities have fallen, which has put down pressure on cotton futures. Because of the overall global cotton demand, the cotton market is likely to maintain a downward trend in the next few days. Although some of the main cotton producing areas in the United States and China continue to suffer from flooding and drought, cotton cultivation and output are affected, but the actual cotton supply problem has basically come to an end because of the increase in output and stock in other countries.

Domestic bad news echoes.

HSBC yesterday announced that China's PMI preview data at the beginning of May was only 51.1, falling to its lowest level since July 2010.

The preview value further confirms that under the background of anti inflation,

Sporadic downstream orders continue to lead cotton market

　　近期棉花市場形成相對暫穩(wěn)的格局，籽棉收購雖然較上周有所放緩但較5月上旬仍有小幅增長，原因在于籽棉成本帶動加之期貨市場的波動，棉商挺價心態(tài)有所恢復(fù)，據(jù)卓創(chuàng)了解，部分商家表示因現(xiàn)貨收購已有部分贏利，許多前期關(guān)門棉商重開收購并且多數(shù)順價甚至以銷定產(chǎn)(先聯(lián)系好銷售客戶，再收購加工)借此規(guī)避風(fēng)險，而近期下游少數(shù)棉紗廠在原料庫存略低并且在棉價相對暫穩(wěn)時刻選擇低價詢單，雖然部分棉商針對低價惜售但仍有棉商出于悲觀心態(tài)出貨意圖明顯，零星成交自然產(chǎn)生，但整體下游棉紗紡織行業(yè)仍處在自身難保的階段，在資金緊張、消耗庫存的過程中仍將在很大程度上壓制對棉花的剛性需求，零星訂單繼續(xù)引領(lǐng)棉花市場，在大規(guī)模集中性采購到來之前，棉市復(fù)蘇之路仍然艱難。