Domestic Cotton Prices Are Weak In The Short Term, &Nbsp, And Supply Exceeds Demand.

　 China reserves Cotton management company wrote on the website of the SASAC in March 14th. In the past week, domestic cotton prices were stable and weak. Due to the accumulation of gauze goods in the domestic textile market, the situation of supply exceeding demand is obvious. The willingness to replenishment of lint materials in textile enterprises is suppressed once again, and the cold market situation in the spot market is difficult to turn around for a while. It is estimated that short-term cotton prices will remain weak.

Cotton store further pointed out that the domestic textile market cotton yarn turnover is still flat, spinning manufacturers shipping mentality enhanced, cotton yarn price center continues to move downward. Downstream market gauze prices are weak, textile enterprises are cautious in purchasing lint, and spot market spanactions are limited.

In March 9th, the price of 32 cotton combed yarn was 26510 yuan / ton, 0.4% lower than that of the previous week, and the price of polyester staple fiber was 11470 yuan / ton, down 0.7%.

The average price of cotton seed purchase in the mainland was 4.1 yuan / kg, up 0.2% from the previous week; the average price of seed cotton purchase in Xinjiang was 4.25 yuan / Jin, unchanged from the previous week. The average selling price of the standard grade lint in the mainland is 19630 yuan / ton, down 0.1% from the previous week. The average selling price of Xinjiang standard lint is 20217 yuan / ton, unchanged from the previous week.

　　 Intermediate storage cotton It is pointed out that this year's cotton purchase and storage will end at the end of March, and the spot sale of lint will be cold, and the cotton processing enterprises will increase their willingness to hand over stores, and the volume will continue to enlarge. In the week ending March 9th, the total amount of cotton stored in the country was 92 thousand and 430 tons, up from 70 thousand and 390 tons in the previous week. As of March 13th, the total amount of 2 million 853 thousand and 400 tons has been collected in 2011, including 1 million 257 thousand and 500 tons in the mainland and 1 million 595 thousand and 900 tons in Xinjiang.

China cotton reserve also said that India's cotton export policy has been adjusted frequently, triggering fluctuations in international cotton prices. but US Department of Agriculture In March, the supply and demand report of agricultural products will continue to increase supply and reduce consumption, and the international cotton price will continue to bear pressure. In March 9th, the international cotton index (M), representing the average value of the Chinese port's average price of imported cotton, was calculated at 1% tariffs. The cost of import of RMB was 16230 yuan / ton, 0.3% lower than the previous week, 3400 yuan lower than the domestic market price, and 26 yuan more than the previous week. According to the sliding tax, the cost of import of RMB was 16732 yuan / ton, down 0.3%, the price per ton was 2898 yuan lower than the domestic market price, and the spread was 27 yuan.