Home >

Textile Enterprises In The Off-Season July Is Not Light &Nbsp; Spot Prices Are Expected To Continue To Strengthen.

2010/7/2 15:12:00 59

23-29 June 2010,

market

A "blockbuster" on the Chinese side is undoubtedly released by the China Cotton Association in June 25th. The authorities concerned will continue to issue some part of the quasi tax import quota and reserve plan in the near future.

However, the spot market did not show any panic, the price did not change the trend of rising, well supporting the next few days of cotton electronic disk rebounding.

When Zhou, the national cotton price A index (CNCottonA) on behalf of the 229 grade cotton price in the mainland, the average price was 18496 yuan / ton, up 261 yuan / ton compared with the previous week; the average price of the national cotton price B index (CNCottonB), representing the 328 grade cotton price in the mainland, was 18086 yuan / ton, up 231 yuan / ton.

In June 25th,

China Cotton Association

Issued a warning: the relevant departments will adopt a series of regulatory policies to stabilize the market. In the near future, some part of the quasi tax import quota will continue to be issued. At the same time, the plan for dumping 600 thousand tons of storage has been approved, and the trading rules have been worked out. If the market needs, it can be activated at any time.

In the case of four throwing and storing messages,

Goods in stock

The rate of price rise began to slow down, but hoarding enterprises thought that 600 thousand tons of cotton reserves were not enough to fill the gap between supply and demand this year, and remained optimistic about the market outlook. While textile enterprises did not have a clear plan to sell the stock market, they had expectations for the pricing of the market rumors. Therefore, some textile enterprises obviously slowed down the pace of purchasing cotton lint, and the wait-and-see mentality was stronger.

However, it is noteworthy that textile enterprises will soon enter the traditional off-season in July, but at present, there is no obvious sign of market pition in the gauze Market. Most spinning enterprises are in good order, and the order production can be maintained until 8-9 months. There is basically no finished product inventory, and the price of yarn is still rising. The optimistic production and marketing situation in the lower reaches has become the highlight of the current situation, and has a good support for cotton prices, and spot prices are expected to remain stable and strong.

In addition, due to the current downward trend in prices, Zheng cotton registered warehouse receipts were quickly written off, and effective forecasts were also rapidly reduced. As of June 29th, the registered warehouse receipts of Zheng cotton were reduced to 854 sheets, with an effective forecast of only 134, and the CF1007 contract was about to be delivered. Zheng cotton registered warehouse receipts would shrink further, and the market advantage gradually declined to the CF1009 contract.

Therefore, in the CF1009 contract, the concept of higher margin is gradually emerging, and the price may continue to break ahead.