Weeks (3.05-3.09) spot price drops in the firm, clinch a deal the general. / store daily turnover is obviously growth last week, hand in a store ends later this month, the enterprise is still to pay store primarily. Downstream yarn market downturn, clinch a deal amount low, enterprise inventory increase the shipment, strong mentality. 5, India announced it stopped cotton exports, this news a, lead domestic cotton producers and cotton farmers in India and the opposition of the domestic and foreign electronic dish rose sharply, weekend held the meeting to discuss the India continue to things not if really. Week of China's cotton price index (CC Index328) week average 19594 yuan/ton, a QianZhou fell 16 yuan; 229 class 20878 yuan/ton, fall 1 yuan; 527 class 16953 yuan/ton, fall 7 yuan. Last week the whole set of electronic downward, SuLiang ing.
A, domestic spot: yarn market last good spot more slow-moving lint
Last week the domestic cotton spot is steady decline, clinch a deal the exhausting the sluggish don't change. Spot and electronic trading price is not optimistic, and the enterprise back and choose to give store from last week's hand in reserves can see; All current offer into the end, some enterprises said if stop acquisition, processing may end in a week, cottonseed market is better, continue to support enterprise purchase. Market not beautiful type 200 small factory has stopped takeover. Yarn tired potential price adjustment, the cotton market is expected to maintain adjustment is an option. Recently, the domestic market downturn yarn is, the company sales not free, inventory, shipment psychological strongly.
By March 9, 2011 annual cotton 2804500 tons of cumulative collection temporary clinch a deal, of which total 1584520 tons of xinjiang clinch a deal, total 1219980 tons of mainland clinch a deal. Clinch a deal amount last week a new increases obviously, among them with the mainland is given priority to, growth of more than fourteen thousand more than seven thousand tons of xinjiang growth.
Second, electronic set: overall downside SuLiang ing
Last week (3.5-3.9), the national cotton trading market ShangPinMian electronic set business 73980 tons, compared to the previous JiaoYiZhou volume reduce 12960 tons. Weeks order increase of 7500 tons, accumulative total order for 109400 tons.
A new set has the following characteristics: a week, clinch a deal amount to shrink, prices down again, looking atmosphere gradually thick, average daily volume of 14796 tons, which MA1207 contract is still for market focus, clinch a deal the nearly twenty thousand tons, is a week reduce close to ten thousand tons, cosco month contract deal decreased, and in recent months, distant months have active contract to clinch a deal, clinch a deal MA1208 increased nearly five thousand tons; Second, weeks order continue to increase, and the overall performance has increased to reduce, which is still the main MA1207 ing, by over three thousand tons, in addition MA1206 contract ing momentum enhancement, the second only in recent months, more than tons of contract decrease a storehouse, scope and a week on flat, accumulative total quantity is still in the twenty thousand tons; Three, a new set MA1208 contract for maximum price 21590 yuan, a increase last week nearly three hundred yuan, the lowest price for MA1203 contract 20030 yuan, a lower over yuan last week, market fluctuations expand; MA his month contract weeks average overall charge down, which MA1206 contract average fell 141 yuan to 20731 yuan/ton, the biggest drop for a new contract, the rest of the contract in 40 fall-137 yuan between, among them on MA1208 contract with average price is 21199 yuan/ton continue to contract in the first, in recent months, MA1203 contract week average 20169 yuan/ton, higher than week CC Index328 week average price is 575 yuan, the price on a week is narrowed.
Three, international market: India banned exports surged to reduce global consumption of cotton inventory increase period cotton decline
5, for the Indian government issued cotton export ban, ICE period cotton stimulated a comprehensive against inflation, clinch a deal the increased significantly. Then the good news was market to dissolve, investors started to worry about India cotton export policy variables are still save, 9, USDA report bad, ICE period for four consecutive days of cotton pressure drop. According to the U.S. department of agriculture (USDA), the latest forecast, this year's global cotton output of 26.92 million tons, the previous forecast by 65000 tons; Consumption of 23.672 million tons, 215000 tons of rising; The final inventory adjustment by 337000 tons to 13.569 million tons. Week Cotlook A week average index 100.01 cents/pounds, is up 0.66 cents A week before the fall, ICE recent contract weeks average 90.75 cents/pounds, is up 1.18 cents A week before.
Four, is looking
In February last weekend macro economic data have come clean, CPI rose 3.2% year-on-year in 20 months since a low, flat year-on-year and PPI last year; Foreign trade material is not optimistic, and the trade deficit set 10 years the biggest monthly performance, and February foreign trade export growth of only 4%, China's export map again weakness of power. Spot, downstream weaving enterprise start not ideal, the company sales also not beautiful, yarn sales can be imagined. Downstream is bad, but cotton prices fall and is not very big, last week is only slightly down, continue to the end of this month collection, market outlook to may appear next month.
Source "the Chinese textile nets"
Edit: Crystal