Domestic Cotton Prices Stabilize, International Cotton Prices Rise And Fall

< p > recently, regional textile enterprises started to work in different regions. The operating rate of textile enterprises in Xinjiang and Shaanxi was generally high, while the textile enterprises in Jiangsu and Anhui were relatively low.

Overall, with the smooth progress of purchasing and storage, the spot price of domestic cotton has been running smoothly and futures prices have declined.

Domestic yarn and cloth market continued to be cold, yarn prices fell, polyester staple prices weakened.

In February 28th, 32 cotton combed yarn prices were quoted at 25525 yuan / ton, down 10 yuan / ton, or 0.04%, down 430 yuan / ton compared with the same period last year, or 1.66%, and the polyester staple price was 9250 yuan / ton, down by 100 yuan / ton, or 1.1%, down by 1920 yuan / ton, or 17.2%.

The average price of cotton seed purchase in the mainland is 4.26 yuan / kg, which is flat, rising 0.04 yuan / Jin, or 0.9%; the average price of Xinjiang seed cotton purchase is 4.09 yuan / Jin, which is flat, rising 0.03 yuan / Jin, or 0.7%.

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< p > mainland standard level < a href= "//www.sjfzxm.com/news/index_c.asp" > lint < /a > average selling price is 19349 yuan / ton, up 1 yuan / ton last week, or 0.01%, up 48 yuan / ton, or 0.2%; Xinjiang standard grade lint sale average price 19862 yuan / ton, and last year, Zhou Chiping Rose 358 yuan / ton, or 1.8%.

Zhengzhou cotton futures contract settlement price in March was 19500 yuan / ton, down 560 yuan / ton compared with last week, or 2.8%, down 460 yuan / ton compared with last week, or 2.3%, while the average price of the March contract in the national cotton trading market was 19159 yuan / ton, down 335 yuan / ton compared with last week, or 1.72%, down by 577 yuan / ton, or 2.9%.

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< p > closing at 15 hours in February 28th, the value of RMB against the US dollar < a href= "//www.sjfzxm.com/news/index_c.asp" > /a > /a accumulative devaluation was 1.1%, the lowest in more than 10 months.

The relevant departments emphasize that the two-way fluctuation of RMB exchange rate will become the norm in the future.

Basically, the current national cotton storage and storage will reach 6 million tons, with Henan, Hebei, Shandong and other textile mills started, the market for high-quality cotton spot demand is strong, and the market high-quality spot resources are limited.

To sum up, domestic cotton prices will remain stable and strong in the short run.

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< p > > New York a href= "//www.sjfzxm.com/news/index_c.asp" > cotton futures < /a > March contract settlement price of 86.59 cents / pound, down 0.5 cents / pound, or 0.6%, compared with last week.

The international cotton index (M), which represents the average value of the Chinese port's average price of imported cotton, is calculated at 1% tariff. The cost of importing the RMB is 15012 yuan / ton, up 30 yuan / ton, or 0.2%, lower than the domestic market 4337 yuan / ton, the price difference narrowed 29 yuan / ton last week. According to the sliding tax, the cost of import is 15808 yuan / ton, up 17 yuan / ton compared with last week, or 0.1% yuan, lower than the 3541 yuan / ton in the domestic market, and the price difference narrowed by 16 yuan / ton last week.

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< p > the international macroeconomic situation weakens slightly.

The United States is also due to poor weather conditions, leading to a weak trend in most economic indicators.

The US consumer confidence index 78.1 was weaker than market expectations in February.

The euro zone February consumer confidence index ended at -12.7, unchanged from market expectations.

Basically, according to the US cotton export weekly released by the US Department of agriculture, the US cotton export data continued to weaken last week. In from February 14 to 20, 2014, the net volume of US cotton exports in from February 14 to 20, 2014 was 6 thousand and 100 tons, 62% less than the previous week, and 87% lower than the average value of the previous four weeks. The main buyers were Japan, Mexico, Peru, China, Pakistan, and Thailand, and China cancelled 5 thousand and 100 tons of contracts.

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< p > the export volume of American upland cotton is 63 thousand tons, 15% less than that of the previous week, which is 16% lower than that of the previous 4 weeks.

In the past month, the demand from China has weakened and the pressure on US cotton prices has been increasing.

In addition, the Australian cotton picking cycle is usually the 3-5 month of each year, and the Australian cotton listing can effectively increase the supply of international cotton.

Comprehensive assessment, in the short term, the international cotton price will be stable and weak.

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