This week (March 21-27), the domestic cotton market's price center of gravity continued to shift downwards, with the average price of the national cotton price index A (CNCottonA) representing the price of 229 cotton in the Mainland at 20,766 yuan/ton, down by 28 yuan from the previous week. t; The national cotton price index (CNCottonB), which represents the price of China's cotton grade 328 cotton, averaged 19,587 yuan/ton, down 29 yuan/ton; the average cotton price of 428 grades was 18,767 yuan/ton, down 22 yuan/ton; China's cotton purchase price The average price of CNCottons was 18,205 yuan/ton, down by 35 yuan/ton.
On March 27, the national cotton monitoring price index was 19,545 yuan/ton, which was 42 yuan/ton lower than that of March 20. In the last two weeks, the company’s enthusiasm for sending deposits remained unchanged. (See the chart below.) As of March 27, the cumulative turnover of the deposits for the current year was 3.0662 million tons, including 1.377 million tons of transactions in the mainland and 1.6852 million tons in Xinjiang. In terms of sub-regions, Xinjiang’s cumulative volume still ranks first, followed by Shandong (36.29 million tons), Hubei (34.07 million tons), Hebei (256.20 million tons), Hunan (9.28 million tons), etc. (Note: Based on the current day The results are collated).
This week, in some parts of China, the acquisition, processing and sales of cotton in 2011/12 were basically completed. At present, the purchase price of Grade 4 seed cotton is around RMB 4.00/kg (38% for clothing, and 10% for moisture regain). The price for Grade 5 is RMB 3.80/kg (37% for clothes, and 10% for regain), which is basically the same as last week. Recently, the quality of cotton has been significantly reduced, and it is mostly 5 or below. There are not many conditions for the delivery of deposits. The number of acquisitions by cotton enterprises has been significantly reduced, and 400 companies have acquired 3-4 million kilograms per day. Due to concerns about the falling price of seed cotton and the stoppage of purchasers, there are still seed cotton farmers actively asking about the price and their willingness to sell has increased. The spot market has remained stable overall, with a slight drop of around RMB 100/ton. At present, the mainstream offer of 3 large cotton bales is 19,800 yuan/ton (gross weight, delivery, the same below), the 4th price is 18,900 yuan/ton, the weak 4 price is 18,300 yuan/ton, and the 5th price is 16,800 yuan/ton.
In recent days, the exchange rate of *** has reached a record high, which is not conducive to the export of textiles in China. According to the data from China**** Center, on March 27th, the *** exchange rate against the US dollar was reported at 6.2840, which was the highest since the third consecutive trading day. At present, many textile companies reflect that export orders are still not good, mainly domestic sales. However, since March, conventional products have been digesting inventories, and differential product sales have been slightly better. The signs of fundamental improvement are uncertain. Due to sluggish sales, the price of cotton yarns has generally been lowered. However, some textile companies also reflect that the other reason for the reduction in yarn prices is that some textile companies use a large amount of imported cotton, and the cost of cotton is relatively lower. The price is lowered to increase the market competition of enterprises. Force and reduce cotton yarn inventory. In addition, the end of March clothing apparel exhibition, textile yarn exhibition and fabric exhibition will gather in Beijing, concerned about the textile related information conveyed by the exhibition, or will provide some guidelines for the later market.
The end of the storage and storage work period is approaching the end of the month. Zheng cotton prices have been mostly consolidating recently. After the end of collection and storage, due to the reduction of policy support factors, the cotton price may have a certain degree of exploration, but a large number of high-grade cotton will be stored and the circulation will be reduced. In addition, the national cotton market monitoring system of the People's Republic of China's National Cotton Market Monitoring System (2012 survey report on the area of ​​intentional cotton planting in March) was released. The survey results showed that the country’s intention to plant cotton was 72.158 million mu, a decrease of 7.26 million mu, a decrease of 9.1% year-on-year. Compared with the November 2011 survey, it increased 0.9%. The reduction in the intended planting area of ​​cotton will, to a certain extent, support the price of cotton in the latter period. All parties need to pay attention to the increase in the quota, the progress of the textile market and the trend of cotton prices during the Qingming holiday.
On March 27, the national cotton monitoring price index was 19,545 yuan/ton, which was 42 yuan/ton lower than that of March 20. In the last two weeks, the company’s enthusiasm for sending deposits remained unchanged. (See the chart below.) As of March 27, the cumulative turnover of the deposits for the current year was 3.0662 million tons, including 1.377 million tons of transactions in the mainland and 1.6852 million tons in Xinjiang. In terms of sub-regions, Xinjiang’s cumulative volume still ranks first, followed by Shandong (36.29 million tons), Hubei (34.07 million tons), Hebei (256.20 million tons), Hunan (9.28 million tons), etc. (Note: Based on the current day The results are collated).
This week, in some parts of China, the acquisition, processing and sales of cotton in 2011/12 were basically completed. At present, the purchase price of Grade 4 seed cotton is around RMB 4.00/kg (38% for clothing, and 10% for moisture regain). The price for Grade 5 is RMB 3.80/kg (37% for clothes, and 10% for regain), which is basically the same as last week. Recently, the quality of cotton has been significantly reduced, and it is mostly 5 or below. There are not many conditions for the delivery of deposits. The number of acquisitions by cotton enterprises has been significantly reduced, and 400 companies have acquired 3-4 million kilograms per day. Due to concerns about the falling price of seed cotton and the stoppage of purchasers, there are still seed cotton farmers actively asking about the price and their willingness to sell has increased. The spot market has remained stable overall, with a slight drop of around RMB 100/ton. At present, the mainstream offer of 3 large cotton bales is 19,800 yuan/ton (gross weight, delivery, the same below), the 4th price is 18,900 yuan/ton, the weak 4 price is 18,300 yuan/ton, and the 5th price is 16,800 yuan/ton.
In recent days, the exchange rate of *** has reached a record high, which is not conducive to the export of textiles in China. According to the data from China**** Center, on March 27th, the *** exchange rate against the US dollar was reported at 6.2840, which was the highest since the third consecutive trading day. At present, many textile companies reflect that export orders are still not good, mainly domestic sales. However, since March, conventional products have been digesting inventories, and differential product sales have been slightly better. The signs of fundamental improvement are uncertain. Due to sluggish sales, the price of cotton yarns has generally been lowered. However, some textile companies also reflect that the other reason for the reduction in yarn prices is that some textile companies use a large amount of imported cotton, and the cost of cotton is relatively lower. The price is lowered to increase the market competition of enterprises. Force and reduce cotton yarn inventory. In addition, the end of March clothing apparel exhibition, textile yarn exhibition and fabric exhibition will gather in Beijing, concerned about the textile related information conveyed by the exhibition, or will provide some guidelines for the later market.
The end of the storage and storage work period is approaching the end of the month. Zheng cotton prices have been mostly consolidating recently. After the end of collection and storage, due to the reduction of policy support factors, the cotton price may have a certain degree of exploration, but a large number of high-grade cotton will be stored and the circulation will be reduced. In addition, the national cotton market monitoring system of the People's Republic of China's National Cotton Market Monitoring System (2012 survey report on the area of ​​intentional cotton planting in March) was released. The survey results showed that the country’s intention to plant cotton was 72.158 million mu, a decrease of 7.26 million mu, a decrease of 9.1% year-on-year. Compared with the November 2011 survey, it increased 0.9%. The reduction in the intended planting area of ​​cotton will, to a certain extent, support the price of cotton in the latter period. All parties need to pay attention to the increase in the quota, the progress of the textile market and the trend of cotton prices during the Qingming holiday.
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