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Cotton: Autumn Wind &Nbsp; Who Cares?

2011/11/2 11:50:00 11

It is already in late October, and the "silver ten" market has long been blown away by the bleak autumn wind, with only two yellow flowers accumulated.

Overall, the current cotton market is tight, and the dilemma is around.

Purchase and storage price

Lattice swaying, watch the market's turning point.

Cotton prices swing up and down

We know that at the end of August, cotton prices once fell below the national purchasing and storage price, but after entering September, with the strong support of the state's purchasing and storage policy, the cotton market gradually stabilized and picked up.

In October, due to the sluggish demand and the tightening factors of the textile enterprises, the weak cotton market once again entered the downward track, and the overall trend was a dilemma.

Judging from the specific cotton price, China's cotton price index (CC Index328) was 19432 yuan / ton as of October 28th, compared with the beginning of the month, it dropped by 520 yuan / ton.

Seed cotton in Korla area 40 linen price quoted at 8.5-8.6 yuan / kg, compared with the previous stage fell about Sanmao.

The price of seed cotton has not reached the expectation of cotton growers, and the sale is relatively cold.

In addition, it is reported that a large enterprise in Shandong is selling the naughty cotton to the factory price 300 yuan at the end of the month, and now the 3 level is reported to be 19500 yuan / ton, and the 429 grade is 18700 yuan / ton.

Fundamentals have not changed.

At present, the cotton spot market has not changed substantially, and the output of the new year has increased.

Spin

The demand for the downstream demand is not strong enough. The level of yarn and fabric storage has remained high. In some areas, the price of lint has fallen below 19800 yuan / ton of new cotton purchase and storage price.

In order to stabilize market expectations of cotton producers, operators and cotton producers and protect the interests of cotton farmers, the government began to implement temporary cotton purchase and storage system in 2011.

In 2011, the temporary storage and storage price of cotton was 19800 yuan per ton from the standard grade lint to the warehouse, and the implementation time of the cotton temporary storage and storage plan was from September 1, 2011 to March 31, 2012.

Cotton prices continue to decline, only by relying on national policy support to reverse the downward trend, but on the other hand, because of the current textile enterprise capital chain tension, the demand for cotton is blocked, which also uplink cotton prices also resistance.

Economic situation is still hard to reverse.

The initial value of China's Manufacturing Purchasing Managers' index in October rose to above the boom value.

manufacturing industry

The expansion of activity has increased demand for raw materials, and in addition to the European debt crisis, the market is optimistic about the agreement reached by the eurozone leaders summit. The economic factors stimulated the mood of the market and pushed up the stock market and commodity prices. ICE cotton futures followed this trend and rose slightly. However, compared with other varieties, ICE cotton futures rebounded slightly, and the trend was still weak, which was mainly constrained by the lack of demand.

Forecast for future market

Kim Gu's period was supported by the state's policy of collecting and storing the capital.

Cotton price

For the time being, I have embarked on a small rise.

However, due to the fact that the macroeconomic policy of the country has not yet been relaxed, the small and medium-sized textile enterprises are facing a tight financial position, so there is a lack of demand for cotton.

At present, the market is shared by the state's purchasing and storage policy and demand side, and the dilemma is particularly tight. Therefore, it is expected that the latter part of cotton will mainly be in the vicinity of purchasing and storage prices.