This week, this sales schedule accelerate, domestic spot price check up stabilised, zheng cotton futures price continuous drop international MianJia first rise after fall. Cotton and polyester short price rise rapidly after stabilises.
This sales fast pace. According to the state the cotton market monitoring system for 1841 so peasant households survey data show that by 2010 on 12 November, the national this 86.8%, picking progress falling by 7.4 percentage points, compared with the past three years (same average, similarly hereinafter) or 5.3 percent decline, The national JiaoShou rate for - 73.4%, year-on-year drop 7.8 percentage points, compared with the past three years improving 4.8 percent.
This week, most places close, seed cotton picking cotton first half weeks rised psychological stronger, seed cotton prices continued to rise, after a week by futures and electronic plate falling prices impact on Friday, seed cotton prices fell. November 12, mainland grade 3 seed cotton purchase all valence 13.72 yuan/kg, rising from last week 0.94 yuan/kg, or 7.4%, folding ginned cotton cost 29827 yuan/ton, rising and eleven yuan/ton, Xinjiang grade 3 seed cotton purchase all valence 13.60 yuan/kg, rising 0.9 yuan/kg, folding ginned cotton cost 28548 yuan/ton, rising 2214 yuan/ton.
Domestic cotton city market cooling. In country attaches great importance to rising prices under the background of this week, the central bank to raise deposit reserve rate, including cotton, commodity futures price general decline, the cash market weaker. November 12, mainland BiaoZhunJi cotton all valence 31220 yuan/ton, relatively before a trading day 15 yuan/ton, drop from last week rise 2415 President yuan/ton, rose 8.4 percent. Zhengzhou January 2011 cotton futures contract settlement price 29670 yuan/ton, with last week's falls 2110 yuan/ton, drop 6.6%. Beijing national cotton trading market electronic trading set January 2011 contract all valence 30765 yuan/ton, with last week's falls 822 yuan/ton, drop 2.6%. Hefei country cotton trading center electronic trading set January 2011 contract settlement price 29960 yuan/ton, with last week's falls 400 yuan/ton, drop 1.3%.
International MianJia first rise after the fall. Before half cycle, in textile purchasing active and the USDA monthly supportive supported by international MianJia continuance gains;, After a week, by China's central bank further tightening credit, cotton municipal regulation effect appeared and the dollar index rebound sharply and other factors, ICE period cotton prices, spot prices amid slowing. November 12, ICE cotton futures contract settlement price on December 140.18 cents per lb, with last week's falls 2.05 cents per lb -some 1.4%, China's main port JinKouMian C.I.F. all valence (M), a 172.05 cents per lb 5.61 cents per pound rose last week, or 3.4%, relatively narrow 9.5 percent last week. Press 1% tariff calculation, folding RMB DaoChangJia 29076 yuan/ton, below the domestic market 2144 yuan/ton, spreads than last week expand 1634 yuan/ton, According to slide quasi tax computation, folding RMB DaoChangJia 29362 yuan/ton, below the domestic market 1858 yuan/ton, spreads expand 1642 yuan/ton.
Cotton and polyester short price rise rapidly after stabilises. This week, the cotton city market weaker, the influence of cotton and polyester staple fiber prices on the rise sharply after November 10th began stabilises. November 12, comb yarn, cotton 32 clubs doppler quotation 43,000 yuan/ton, relatively last week rise 4,200 yuan/ton, or 10.8%, Polyester short quotations 17970 yuan/ton, relatively last week rise 4,300 yuan/ton, or 31.5%.
Looking indication, the international cotton city or will further adjustment. The United States department of agriculture in October global cotton production deposit forecast report good easy to dissemble overall international market bearish atmosphere, MianJia or will face continuing to adjust pressure. First, including zheng cotton futures, China's capital markets has deep down, make the international market amplitude turn pale, cotton hype atmosphere market operation gradually returning to reason. Second, fed determined after new looser monetary policy, the European sovereignty debt problem reignite market focus, the dollar index regain8 uptrend, commodity prices short-term relatively bearish.
Domestic cotton city continues to cool. In the monetary policy tightening and cotton municipal regulation efforts under the background of the cotton business rised psychological eased, recent domestic supply is expected to increase. According to xinjiang's railway departments data show that since November up increasing cotton loading dynamics, plan, transportation cotton out www.cas.ed.ac.uk wagon number rise to 300, relatively early add about 100. In addition, more recent outside cotton in succession began to port, thickening and offer quickly supply is cut. To sum up, the continuation of cotton city last week at home and abroad, domestic market hypes cooling MianJia or will continue to adjust manage.

Source "of Chinese textile net"
Editor: lara