Cotton Acquisition Is Looting Ahead Of Cotton Market

< p > recently, the new cotton picking process in various cotton areas has been quickening, and local picking has been picking up sporadically, and a small number of processing enterprises have entered the market.

Domestic cotton spot prices are running smoothly.

Domestic a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > market is still available, cotton yarn prices are basically stable.

In August 30th, 32 cotton combed yarn prices were quoted at 25830 yuan / ton, down 5 yuan / ton last week, or 0.02%, up 200 yuan / ton compared with last week, or 0.8%; PET staple price was 10215 yuan / ton, up 10 yuan / ton last week, or 0.1%, down by 175 yuan / ton, or 1.7%.

The average selling price of the standard grade lint in the mainland was 19178 yuan / ton, down 4 yuan / ton compared with last week, or 0.02%, up 512 yuan / ton compared with last week, or 2.7%; the average price of Xinjiang standard lint sale was 19504 yuan / ton, unchanged from last week, up 680 yuan / ton, or 3.6%.

Zhengzhou cotton futures contract settlement price in September was 21040 yuan / ton, up 45 yuan / ton compared with last week, or 0.2%, up 2325 yuan / ton compared with last week, or 12.4%; the average contract price of the national cotton trading market electronic matching September was 18438 yuan / ton, compared with last week, it fell 632 yuan / ton, or 3.3%, down by 557 yuan / ton, or 2.9%.

< /p >

< p > the National Bureau of statistics and other related agencies issued the Manufacturing Purchasing Managers Index (PMI) in August. In each single index, the new order index reflecting demand was 52.4%, an increase of 1.8 percentage points, a 16 month high, a new export order index of 50.2%, a 1.2 percentage point increase in the annulus, and a return to 50% above the 50% month after 4 months.

The above figures indicate that the executive meeting of the State Council has deployed a series of policies for steady growth, and intensified the fine-tuning of fiscal and monetary policies, and promoted investment pformation, consumption upgrading and export stability.

On the basic level, the new cotton picking area is increasing. Processing enterprises are waiting for the 2013 cotton purchase and storage rules to come out. Only a tentative acquisition is expected. New cotton will be listed in large quantities in late 9.

According to the plan for storage and purchase, the implementation plan for temporary storage and storage of cotton in 2013 is from September 1, 2013 to March 31, 2014.

Under the policy regulation, domestic cotton prices will continue to be stable and weak.

< /p >

< p > US dollar index rises, and commodity market operates under pressure.

A href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > Mei cotton < /a > export shipments declined for second consecutive weeks. According to the US Department of agriculture (USDA), as of August 22nd, the United States exported 43 thousand tons of land cotton exports in the week of 2013/14, a decrease of 21.3% from the previous week and a 7.4 percentage point decline.

Affected by these factors, the international cotton price weakness has dropped.

In August 30th, New York cotton futures contract settlement price in October was 83.7 cents / pound, down 0.5 cents / pound, or 0.6%, compared with last week.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariff. The cost of import of RMB is 14456 yuan / ton, down 188 yuan / ton, or 1.3% yuan, lower than the domestic market 4722 yuan / ton, the price difference increased 184 yuan / ton compared with last week. According to the sliding tax, the cost of import is 15403 yuan / ton, down 144 yuan / ton compared with last week, or 0.9% yuan, lower than the 3775 yuan / ton in the domestic market, and the price difference increased by 140 yuan / ton last week.

< /p >

< p > according to the US Department of commerce data, the US gross domestic product (GDP) in the two quarter increased to 2.5% from the first estimate of 1.7%, and its growth rate was 1.4 percentage points faster than that in the first quarter.

The pace of US economic growth accelerated to encourage investors to buy dollars. The US dollar index oscillates higher, refresh for nearly a month, and the global financial assets decline.

In the near future, the US labor department will issue a report on non farm employment in August. The number of new jobs and unemployment is a sensitive indicator of the market. If the data outperform expectations, the US dollar index is expected to continue to rebound, and commodity prices will be under pressure.

Basically, the United States < a href= "http://sjfzxm.com/news/index_f.asp" > cotton > /a > growth is better than the same period last year. According to the weekly growth report of the US Department of agriculture (USDA), as of August 25th, the growth rate of cotton in the United States was 47%, compared with 43% in the same period last year.

Market enthusiasm for extreme weather subsided, investment funds lighten the risk.

The weekly traders' position report of the US Commodity Futures Trading Commission (CFTC) showed that the fund held a net long position of 61577 hands cotton in the week ending August 27th, a decrease of 26.1% compared with the previous week.

Meanwhile, the sharp fluctuations of international cotton prices in August deepened the wait-and-see sentiment of textile mills, and the US cotton export data fell for second consecutive weeks.

The latest US cotton export weekly report released by USDA shows that in the week of 16-22 August, the US cotton net contract volume was 16 thousand tons, 15.1% less than that of the previous week, and the shipment volume was 43 thousand tons, a decrease of 21.3% compared with the previous week.

On the whole, USDA9 month's "agricultural product forecast report" was released in September 12th, and the market sentiment was raised to curb buying. It is expected that the international cotton price will continue to oscillate in a short run.

< /p >