Analysis Of Domestic And Foreign Cotton Price Trend In A Week

< p > 19-23 May 2014, at home and abroad, < a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a > continued to decline, domestic cotton yarn prices continued to be weak, polyester staple prices continued to rise slightly.

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< p > < strong > 1. Domestic cotton prices maintained a downward trend < /strong > < /p >

< p > this week, the cotton planting in the new year is basically over, and the growth of cotton seedlings in different areas is different from that in the same period last year.

The domestic textile enterprises have been quickening their operation differentiation process. Some small and medium-sized enterprises have broken up or are on the verge of breaking up the capital chain. The price of cotton yarn has remained unchanged. < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > enterprises are still cautious in purchasing cotton lint, and domestic cotton prices continue to go weak.

In May 23rd, the average sale price of standard grade cotton in the mainland was 17395 yuan per ton, down 12 yuan per ton from last week, 0.1%, 1904 yuan / ton, 9.9%, 17415 yuan per ton in Xinjiang standard grade cotton sales, 27 yuan per ton down last week, 0.2%, 2089 yuan per ton down from last year, decline of July contract price of 10.7%. Zhengzhou cotton futures 17180 yuan / ton, down 75 yuan / ton from last week, 0.4%, decline 2665 yuan / ton, July contract average of the whole nation cotton trading market, declining yuan / ton down last week, declining yuan / ton, drop, drop, drop, decline, decline yuan / ton, drop, drop, drop, decline yuan / ton, drop, drop, decline yuan / ton, drop, drop, decline yuan / ton, drop, drop, decline yuan / ton, drop, decline, declining yuan / ton, drop, decline, declining yuan / ton, compared to last week.

< p > this week, the sales volume of the national cotton store was 75 thousand tons, 16 thousand tons less than last week, the reduction was 18%, and the total sales volume of the national cotton store in 2013 was 1 million 675 thousand tons.

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< p > strong > two, the international cotton price decreased significantly < /strong > < /p >

< p > this week, timely rainfall in Dezhou has eased the market's worries about new cotton.

China has made it clear that the cotton import quota will be tightened in the future, and efforts will be made to reduce inventory and promote the sale of cotton.

In May 23rd, New York cotton futures contract settlement price in May was 86.31 cents / pound, down 4 cents / pound compared with last week. 3.9%. represents the international average cotton price index (M) of the average port price of China's main port of import cotton based on 1% tariff. The cost of import of RMB is 14886 yuan / ton, down 279 yuan / ton compared with last week, or 1.8% yuan, lower than the domestic market 2509 yuan / ton, the price difference increased 267 yuan / ton compared with last week.

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< p > < strong > three, the price of domestic cotton yarn continues, and the price of weak polyester staple fiber continues to rise. < /strong > < /p >

< p > < strong > /strong > this week, domestic yarn prices continue to weaken as cotton prices fall, PTA prices continue to rise, PET staple prices continue to rise.

In May 23rd, 32 cotton combed yarn prices were quoted at 24820 yuan / ton, down 50 yuan / ton, or 0.2%, down 1110 yuan / ton compared with the same period last year, or 4.3%, and the polyester staple price was 8840 yuan / ton, rising by 50 yuan / ton, or 0.6%, down by 1230 yuan / ton, or 12.2%. < /p.

< p > < strong > four, analysis prospect < /strong > < /p >.

< p > international cotton prices will slow down.

This week, the economic situation in Europe and the United States is different.

In May, the US Markit manufacturing PMI initial value was 56.2, stronger than market expectations.

The euro area May Markit manufacturing PMI initial value of 52.5, lower than market expectations.

On the 9-15 day of May 2014, the net contract volume of US cotton exports in the 2013/14 was 81 thousand and 300 tons, significantly higher than the average level of the previous week and the first four weeks. The main buyers were China (61 thousand and 100 tons), Vietnam, Philippines and Bangladesh.

The export volume of us upland cotton exports is 43 thousand and 100 tons, a decrease of 10% over the previous week, a decrease of 11% over the previous 4 weeks, mainly to Mexico, China (8 thousand and 200 tons), Turkey, Vietnam and South Korea.

International cotton prices have fallen, and domestic and foreign cotton spreads have widened.

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< p > domestic a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a > is expected to continue to run weak.

This week, China's HSBC manufacturing PMI initial value of 49.7 in May was higher than market expectations, and also hit a 5 month high.

On the basic level, the flow of funds is tight, textile enterprises are not active in raw material procurement, and the auction volume of cotton reserves has declined significantly.

Market rumors later that reserve cotton export prices may also be lowered, and textile enterprises tend to be cautious in purchasing mentality.

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