There Will Be No Big Market For Cotton Policy Unchanged.

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20918 yuan / ton; 229 class 20054 yuan / ton; 328 level 19193 yuan / ton; 428 grade 18583 yuan / ton.

Domestic a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Product: polyester staple fiber 10245 yuan / ton; viscose staple fiber 13300 yuan / ton; C32S price is 25840 yuan / ton.

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< p > 2. production area dynamics: Recently, some cotton regions in Hebei, Shandong and Henan began picking cotton seeds, but the quality of seed cotton harvested at present is quite different.

With the progress of picking cotton seed, most cotton enterprises say the acquisition will start in mid 9.

At present, the details of storage and purchase have not been announced. Cotton farmers, cotton enterprises and spinning enterprises have different mentality.

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< p > 3. spinning enterprise dynamics: as the new year's storage and purchase rules have not yet been promulgated, cotton enterprises are very cautious about the acquisition of new cotton, and the 200 type enterprises are basically closed down.

The stock of cotton (19680, -15.00, -0.08%) is relatively abundant in large textile enterprises, and the rate of starting up has dropped considerably because of the increase in the stock of cotton yarn.

Small < a href= "http://www.91se91.com/news/index_c.asp" > textile enterprises < /a > cotton and cotton yarn stocks are less, but because of the downstream situation is bad, the boot condition is also poor.

The small textile enterprises mainly rely on processing methods are relatively high. These enterprises are mainly processed for large textile factories (for rush to deliver goods to small textile mills) or for trading companies (trading companies without factories). Instead of worrying about sales problems, the processing enterprises can only charge processing fees without price fluctuation risk.

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< p > 4. Cotton Yarn Import: on 22-29 August, the quotation of cotton yarn export in the international market was divided. India and Pakistan cotton yarn quotations were stable and the export volume was slightly reduced. However, the export of cotton yarn in Vietnam, Indonesia, Malaysia and other ASEAN countries showed a small price drop and sales rebounded pattern.

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< p > 5.ICAC: the global demand and demand forecast released in September by the International Cotton Advisory Committee (ICAC) considers that since twentieth Century, the Klock A index and China's chemical fiber prices have basically been the same for most of the time, but the gap between the two began to widen from the beginning of 2009/10.

By the year 2013/14, the A of the A has been significantly higher than that of China's chemical fiber prices for the past fifth years.

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< p > 6. USDA: according to the global cotton supply and demand forecast of the US Department of agriculture (USDA) in August, the total output of the world's cotton in the year of 2013/14 is 25 million 340 thousand tons, which is 355 thousand tons lower than that predicted in July, 23 million 918 thousand tons of consumption and 13 thousand tons increased, 20 million 415 thousand tons of final inventory and 124 thousand tons reduction.

It is estimated that the world's cotton production will reach 26 million 359 thousand tons in 2012/13, 40 thousand tons lower than the previous forecast, 23 million 389 thousand tons of consumption and 10 thousand tons of increase, and 18 million 800 thousand tons of final inventory and 168 thousand tons increase.

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< p > summary: < /p >

The cotton purchase and storage paction in < p > 2013 has been carried out in September 10, 2013 through the national a href= "http://www.91se91.com" > cotton < /a > trading market storage and storage system, and the relevant trading rules are implemented according to the 2013 cotton temporary purchase and storage paction method.

Its impact has been reflected in the previous few days, and the impact on the disk will not be great after the release.

In the long run, the policy is not flaunting, the cotton market structure has not changed, and there will be no big market for CF1401 contracts.

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