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Near The US Cotton 200 Rebound &Nbsp, Material Downward Trend Is Difficult To Change

2011/3/14 17:10:00 70

ICE Cotton Under The United States Cotton

Overnight, Japan's strong earthquake hit the global market, but with the gradual stabilization of investor sentiment, the US stock market reversed its downward trend and edged higher.

Commodity markets are generally weaker, but

ICE cotton

(29590, -1365.00, -4.41%) futures bought at the late stage, pushing up the main contract.

The rise in cotton prices is mainly a technical rebound. On the whole, the head characteristics of the US cotton are quite obvious.

News: the latest customs data show that in February 2011, China's textile and clothing exports amounted to US $10 billion 443 million, a decrease of 51.70% compared to the same period, a decrease of 18.02% over the same period last year.

Among them, exports of textiles (including textiles, yarns, fabrics and articles) amounted to $4 billion 26 million, a decrease of 13.73% compared to the same period last year, and exports of clothing (including clothing and accessories) were 6 billion 417 million US dollars, down 20.49% from the same period last year.

In the international market, in March 11th, the price of China's main port of import cotton continued to decline, and the varieties fell by 3.5 cents.

With the downward trend of long-term quotations, textile enterprises' demand for new flowers in 2011/2012 increased.

American cotton

Export week

The newspaper showed that China signed a big increase in the number of new cotton mills signed last week.

Tight supply in the near future may further shift China's procurement to the next year. Cotton traders also reflect that Chinese importers are interested in purchasing cotton in the next year according to the ICE futures contract of December.

On the domestic market, domestic cotton spot prices fell slightly last Friday.

domestic

Textile enterprises

Capital tends to be tight, product sales pressure is increasing, and cotton procurement is not strong enough.

The mentality of cotton enterprises continues to differentiate. Some enterprises are hoping for the future market, and continue to sell. But cotton enterprises which have high pressure of hoarding cotton or wavering in the market outlook have begun to increase sales.

Cotton prices are facing downward pressure from the economic operation of textile enterprises, the target of national regulation and the current level of cotton prices, especially the price of cotton.

However, from the supply and demand, acquisition costs and other factors, the short term downward space is limited, the high risk of cotton prices began to appear.

Spot quotation. In March 11th, the price of C/A cotton in the United States was 233.10 (cents / pound, the same below), and the general port trade delivery price was 39092 yuan / ton (calculated according to the sliding tax).

Australia cotton quotation is 235.80, discount general port trade port delivery price 39542 yuan / ton.

Uzbekistan cotton quotation is 250.10, discount RMB general port trade delivery price 41887 tons.

The quotation for West African cotton is 240.10, and the general port trade delivery price is 40220 yuan / ton.

National cotton price A index 32140 yuan / ton, down 23 yuan; B index 31198 yuan, down 31198 yuan.

Market analysis, from the economic operation of textile enterprises, national regulatory objectives, the current cotton price level, cotton prices above the pressure.

US cotton gained support rebound near 200, but the downward trend is hard to change.

Zheng cotton 09 contract pressure above 32000, underneath support 30000.

Operation proposal, empty single hold, effective break 32000 appearances.