Lower Market Weakness &Nbsp; Cotton Purchase And Storage Day Has Been Over 10000.

This week (19-25 October) cotton The price index and takeover price index were all above 100 yuan, and the average price of the national cotton price A index (CNCottonA) representing the 229 class cotton price in the mainland was 21056 yuan / ton, which was 168 yuan / ton lower than last week. The average price of the national cotton price B index (CNCottonB) representing the 328 grade cotton price in the mainland was 19619 yuan / ton, down 140 yuan / ton, 428 cotton average price 18681 yuan / ton, fell 136 yuan / ton, and the average price of China cotton purchase price index (CNCottonS) was 18537 yuan / ton, down by 253 yuan / ton.

This week, the price of national cotton monitoring continued to decline. In October 25th, the national cotton monitoring price index was 19544 yuan / ton, down 200 yuan / ton compared with October 18th. Cotton price Continue to decline, the enthusiasm of enterprises to raise reserves gradually increased, the volume of daily storage volume gradually increased, the first 24 tons over 10000 tons, of which Xinjiang turnover is significantly greater than the mainland. As of October 25th, the total volume of storage and storage was 50040 tons, of which 10560 tons were traded in the mainland and 39480 tons in Xinjiang. Judging from the accumulative total volume of storage and storage in various regions, Xinjiang's volume is far ahead, nearly 40 thousand tons, and the mainland's top three ranks are 5940 tons in Hubei, 1620 tons in Anhui and 960 tons in Tianjin. {page_break}

This week, most cotton seeds in China Buy The price reduction dropped by 0.10-0.20 yuan / Jin compared with last week, of which the mainstream price of Xinjiang seed cotton purchase has dropped to 4.20-4.40 yuan / Jin. However, because of the worry that the quality of seed cotton decreased after the cooling down in November, the enthusiasm of cotton growers and cotton traders is still very high. The mainstream price of the mainland is 4.00-4.10 yuan / Jin, and the cotton farmers are still reluctant to sell. {page_break}

This week, futures and matchmaking prices fell first and then rose. In October 20th, ICE futures fell short of recent support, coupled with the US cotton export data released by USDA, which confirmed the downturn in market demand and brought negative effects to the market. However, after the majority rebound in the external commodity market, the 21 day cotton futures rose sharply, and continued to rebound in the two trading days. At present, the downstream textile market is still not improving, and the local yarn price has continued to decline. Although it is in the traditional peak season, the textile enterprises have limited production or downtime, which has limited support for the uplink of cotton prices. It is understood that the price of 40S combed cotton yarn in Yuncheng, Shandong, is 28000 yuan / ton, down 300 yuan / ton compared with last week, and some local textile enterprises have holiday plans or have begun to take off. The holiday business accounts for more than 25% of the total number of enterprises in Yuncheng. The production rate of the enterprises being produced is about 60%. The main reason for the suspension of production is the difficulty in the sale of cotton yarn. At present, the main mode of production restriction adopted by enterprises is to stop some machines or stop the night shift and open a class less. It seems that shutting down has become the norm of small businesses. If profits start, there will be no profits for holidays.

On the whole, the negative impact of the downstream market downturn on cotton prices is greater than that of the European Union, which is close to reaching a solution to the debt crisis agreement and China PMI data show that the expansion of the manufacturing industry has a positive impact. It is expected that the price of Zhengyang cotton driven by the rise of external commodities is unsustainable and the disadvantaged whole is still the mainstream in the near future.