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Textile Market Purchase And Sale Is Light &Nbsp; Period Cotton High Shock Finishing.

2011/2/16 16:26:00 40

Overnight overnight, some speculative funds intervened to push the US cotton futures contract back to all the previous trading day, closing more than 2% on Tuesday.

ICE cotton futures contract closed up 3.97 cents, or 2.13%, to 190.02 cents / pound in March.

With the acceleration of US cotton shipments, the shortage of cotton is still a powerful factor in the high price of support.

News, nearly two days, January, the relevant data came out one after another, including textiles.

Garment export

An increase of 40% over the past year, refresh the historical record; cotton imports close to 400 thousand tons, and the supply of foreign cotton has reached the peak. The above two data reflect the basic situation of the current domestic cotton industry's booming supply and demand, which is conducive to maintaining a strong cotton price.

In terms of macro data, CPI was 4.9% in January, lower than previous market expectations, relieving market participants' concerns over tighter tightening policies and boosting domestic futures market.

For the current market situation, the spot trading volume can be significantly active, to a large extent reflects the company's recognition of the price rise since February and confidence in the market outlook.

In the international market, the price of China's main port of imported cotton fell sharply yesterday. Most varieties dropped by 3-4 cents, while some 2011 shipment of US cotton prices fell by 7 cents following the ICE futures contract, and Egypt's Ji Sha rose 2 cents.

A few days ago, the market wait-and-see, no deal so that cotton traders continue to raise the price is obviously guilty, the price drop will help ease the market tension.

The current price of cotton is still too high. The textile market after the holiday has not yet returned to normal level. It is still necessary to observe whether the textile mills are willing to continue to catch up. But the tight cotton supply will still keep the price high.

Domestic market, domestic cotton prices continue to maintain a slight upward trend.

It is understood that the recent futures, the impact of the rise in the price of electronic matching, Shandong Linqing textile enterprises are increasing enquiries, some companies will be added after February 22nd

Lint inventory

Cotton enterprises continue to raise their quotations. In February 14th, the price of hard 3 grade cotton was above 31000 yuan / ton, and the weak 3 hard 4 grade cotton quotation was above 30500 yuan / ton, and the market was light and light.

Spot quotation. In February 15th, the price of C/A cotton in the United States was 218.80 (cents / pound, the same below), and the general port was folded.

Trade

The delivery price is 36758 yuan / ton (according to the sliding tax, the same below).

Australia cotton quotation is 221.80, discount general port trade port delivery price 37260 yuan / ton.

Uzbekistan cotton quotation is 233.60, discount RMB general port trade delivery price 39193 tons.

The quotation for West African cotton is 221.10, and the general port trade delivery price is 37143 yuan / ton.

The national cotton price A index was 30726 yuan / ton, up 113 yuan; the B index was 29828 yuan, up 137 yuan.

Market analysis, overnight cotton price in the 190 line has been temporarily supported, pay attention to whether here can stabilize, the disk trend is still strong.

At present, the lack of support for spot purchase and sale is expected to improve at the end of this month.

Zheng cotton 1109 contracts support 32500 pressure 34390; 1111 contracts support 29600, pressure 31625.

Operation recommendations, before more punching high reduction, effective break down support departure.