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Good Luck Futures: Textile Exports Increased By &Nbsp; Zheng Cotton Continued To Rise.

2012/4/10 16:55:00 16

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Good Luck Futures Textiles Egyptian Cotton

Today, Zheng cotton continues to rise under the good news of textiles and clothing exports.

Zheng cotton went up after the opening price yesterday.

The main contract CF1209 closed at 21430 yuan / ton, compared with yesterday's closing price of 190 yuan / ton; daily turnover increased significantly, increased 79762 to 181656 hands; holdings slightly increased, Japan increased 5968 to 336078 hands.

According to the latest data from the General Administration of customs, in March 2012, China exported about 18 billion 790 million US dollars in textiles and clothing, accounting for 11.34% of the total merchandise exports in March, an increase of 13.4% compared to the same period last year.

Exports of textile yarns, fabrics and products were 8 billion 505 million US dollars, an increase of 7.68% over the same period last year, and export garments and accessories 10 billion 285 million US dollars, an increase of 18.62% over the same period last year.

In 2012 1-3, textile and apparel exports totaled 50 billion 20 million US dollars, an increase of 11.83% over the same period last year.

According to the General Administration of arbitration and inspection of cotton (21430175.00,0.82%), Egypt (

CATGO

Statistics show that by March 28th, the new flower planting area in Egypt 2012/13 was 25897 Fei Dan (161 thousand mu), which was 62473 (62473 mu) in the same period last year (58.5% mu).

CATGO expects that the total area of cotton planting in Egypt 2012/13 is 436 thousand (272 thousand acres), and that of 2011/12 is 525 thousand (525 thousand mu), which is about 17%.

9, buying in speculative buying.

ICE

Cotton rebound.

The main contract reached 94 points to 89.48 cents / pound in May.

The fundamentals of global consumption have not recovered, while the US planting area has decreased significantly, and the US cotton continues to be more likely to oscillate between 87 cents / pound - 94 cents / pound.

Pay attention to the US Department of agriculture's supply and demand report released this evening.

On the spot side, the domestic cotton spot market continued to be weak and volatile, and the overall turnover was light.

The 10 day cotton price index (CC Index) continued to fall.

328 for 19423 yuan / ton, down 12 yuan / ton; 527 for 16866 yuan / ton, down 2 yuan / ton; 229 index is 20802 yuan / ton, down 8 yuan / ton.

Downstream, the overall performance of yarn and related raw materials market is flat, and the turnover atmosphere is weak.

On the 10 day, KC32S was 25550 yuan / ton, flat; JC40S price was 31000 yuan / ton, flat; polyester staple price was 11110 yuan / ton, down 40 yuan / ton;

Viscose staple fiber

The price is 15850 yuan / ton, up 30 yuan / ton.

Conclusion: the positive news of clothing export increased in March, which made Zheng cotton continue to rise and the domestic downstream consumption seemed to improve.

A large number of foreign cotton and about 3000000 tons of national stored cotton make the rebound force limited, CF1209 has a certain pressure on 21600.

Watch the US Department of agriculture's supply and demand report tonight.