Yesterday is a country of cotton market temporary ShouChu policy on the first day of the start (according to the national development and reform commission and other departments issued in the 2011 annual cotton temporary ShouChu plan, New Year, lint to the repository for standard price 19800 yuan a ton, an unlimited acquisition, temporary ShouChu execution time for on September 1, 2011 to March 31, 2012), from domestic cotton period the spot market situation, although still not get rid of overall weak pattern, but has now signs stabilises.

According to futures daily reporter understanding, in much of the domestic price stability lint rise, especially high-level MianJia rise more, grade 3 XinJiangMian the price is in 21000 yuan/ton, rising from last week of 500 800 yuan/ton. Cotton prices have gradually stabilises present potential of the local rising. Have FangQi reflect the jiangsu province, shandong province, cotton prices in 500 800 yuan/ton, and sales information is better, but the popular varieties are concentrated.

Spot, zheng cotton main 1205 agreement since August 9, 20340, all the way out low after oscillation picks up, open hand by 240000 to 466000, the current yesterday hand the contract in 21700 a line oscillation. Every year in October 9, is the traditional industry busy season, after half a year to go to the inventory, the downstream enterprises after will be for library needs. Zibo in shandong province textile raw material purchase of wanjie responsible for is the manager told reporters. Along with the consumption season begins, downstream demand for library or become DuoTou further hype factors, but overall I to cotton market does not look good. It is the manager does not think cotton prices have really, he knew the cloth market is not optimistic

And from the current situation, showed KaiCheng according to Chinese statistics, at present the cotton association in xinjiang of listed for 229, KaiCheng showed inferior price is 9.57 yuan/kg lint, or price in 20000 yuan/ton; And in enterprise is actively tianmen cotton to prepare for the KaiCheng, the ideal level 4 ginned cotton cost price is in 1800018500 yuan/ton, grade 3 in 19000 yuan/ton less than. Price and ShouChu showed prices flat, later will be subject to the demand trend is the effectiveness of the recovery and decide. Boat with cotton industry researcher told reporters.

From the cotton market fundamentals situation in August, according to the U.S. department of agriculture report, supply and demand for the next fiscal year cotton supply pillow. 2011/2012 annual global cotton production is expected to 26.717 million tonnes a July 97000 tons, but is expected to reduce global consumption to reduce 342000 tons, 25.077 million tons, 1.64 million tons of current supply greater than demand, for the first time in recent years. The global cotton final inventory is increased to 11.465 million tons, the final inventory consumption is 46%, higher than expected in 2009/2010 and 2010/2011 higher than the estimated last month also. The cotton market fundamentals MianJia situation has determined the rebound in the space is not too large, together with the current macroeconomic face case is not ideal, the cotton market overall weak pattern has not changed. Still Shanghai middle cotton analysts see if think thunder.

According to the China cotton association other's latest report for the next few weeks, if still maintain good weather, so this year domestic cotton production or increase 12.3% to 7.48 million tons. This estimate is the national bureau of statistics of 2010 reported a 25% increase in an annual production capacity of 5.97 million tons. But the report also shows at the same time, China's stock is still huge, commercial cotton inventory is 834000 tons, 45% increase from the same period last year, and more June 91000 tons, suggesting that only reduce textile demand hysteresis. And China's cotton price index yesterday at the 19316 yuan, the price of below 19800 yuan ShouChu price 484 yuan. The national cotton trading market of 1201 spot price yesterday at the contract at 20280 yuan a ton, zheng cotton futures contract is 1201 21180 yuan of closing quotation price 900 yuan. Low

The other according to reporter understanding, to the stable MianJia, 2011 annual cotton temporary ShouChu work has basic deployed, China head office ChuBeiMian management on August 25, also at specific for 2011 ShouChu cotton work mobilization meeting, temporary ShouChu started, according to the price of 19800 yuan/ton open takeover. The industry is expected in the near future that will fall continuously cotton prices have some effect, but ShouChu stability during the period of the market trends, depends on whether the enterprise funds cotton cotton producers and abundant rised degree.

Source "the Chinese textile nets"

Edit: lara