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Cotton Information: Cotton Market Is Short Of Cotton Power.

2013/2/6 10:43:00 30

strong > International Spot > /strong > /p >
 February 5th, the total price of China's main imports of imported cotton fell overall, most of which fell significantly, falling 1.25 cents, while India cotton fell 0.75 cents. Due to the Spring Festival approaching, textile mills have not received much enquiry. < a href= "//www.sjfzxm.com/news/index_s.asp" > cotton market > /a > turnover tends to be dull. Although cotton prices have fallen sharply, it is not very attractive to most textile mills that have already been on holiday, and the spot market will remain calm for some time. 
 International Futures > /strong > /p >
 February 5th, bullish profit taking and increasing stock of deliveries continued to bring pressure to the market. ICE cotton fell below 81 cents at a time, but the rally in the late stage brought cotton prices back to 81 cents above the turnover. Analysts say that once the cotton price falls below 80 cents, the bull market will change in the near future. 
 domestic stock > /strong > /p >
 February 5th, domestic cotton (20215,20.00,0.10%) quotations were stable, and the national cotton price A index (CNCotton A) representing the 229 grade cotton prices in the mainland was 20111 tons, which was unchanged from February 4th. The B index (CNCotton B) representing the 328 grade cotton price in the mainland was 19285 tons, down 1 yuan compared with February 4th. 
 domestic futures > /strong > /p >
 February 5th, the average price of CF1303 contract was 19915 yuan, down by 5 yuan; the average price of CF1305 contract was 20160 yuan, falling 10 yuan; the average price of CF1309 contract was 20195 yuan, up 5 yuan, and the total turnover of the market was 333362 hands, 36988 hands higher than the previous trading day, accumulative 333492 positions, and the reduction of 4048 hands. 
 cotton information > /strong > /p >
 Tangshan, Hebei: the cotton mill has a small stock and a slight price of seed cotton. Since the beginning of January 2013, most cotton processing enterprises in Tangshan City have stopped buying, mainly because the local cotton planting area is small, cotton farmers are selling more centrally, cotton processing enterprises are ready to purchase, process and store at any time. At present, most cotton processing enterprises have a small stock. Basically, they are not qualified cotton for storage inspection. There are more than 100 tons of stock in stock, and processing enterprises are ready to sell at appropriate time. As the Spring Festival draws near, most processing enterprises are ready to go on holiday. Due to the smaller cotton seed inventory in processing enterprises, cottonseed prices increased slightly this week, up 0.04 yuan from last week's catty. 
 Shandong Linqing most factory acquisition ceased, the holiday time exceeded ten days, around 2 a.m. in February 2nd, Shandong Linqing once again welcomed a heavy snow, the snowfall lasted for a long time, the snowfall was more extensive, the snowfall was the largest in the year, and the snow thickness in 10 hours was about 10 centimeters in 24 hours. Due to the recent strong snowfall, many local purchasing companies have decided to stop buying the products before the year, and about 60% of the manufacturers are arranging their venues and preparing for the holidays. In recent days, the acquisition companies are all buying at a large volume. The manufacturers have different seed cotton stocks, and more than a few hundred thousand jin, and less than one hundred thousand kg. It is understood that, in order to prepare for the timely and normal processing in a timely manner, most of the acquisition enterprises are expected to open up in the first half of the month from eight to twelve in January. Some manufacturers will open the purchase at any time according to the local market conditions, but they will open business ahead of schedule in advance. 
 Anhui east to the end of the end of the acquisition, after the commencement of the commencement of the holiday is still unknown, nearly 10 days, Anhui east to buy cotton seed market is bustling, the cotton business to sell vehicles in an endless stream, there are local, have peripheral, local enterprises daily purchase volume is in 300 thousand jin. The reasons for this are: first, the Spring Festival is drawing near. Some cotton farmers are eager to use money. Cotton farmers who are accustomed to selling seed cotton are reluctant to sell, and their desire to sell will be greatly increased. Two, the small businesses that have entered the market in the early stage are reluctant to make the sale because of the low price of the current commodity market. And cotton enterprises under the guidance of State purchasing and storage prices, as long as the quality of water is up to standard seed cotton is still willing to insist on the volume of acquisitions. It is understood that local acquisition companies began to take a holiday in February 3rd, so in order to reduce risks, Cotton Traders on hand are rushing to sell before February 3rd. As of January 31st, the price of seed cotton was stable, and the purchase price of grade 3 seed cotton was 4.35 yuan / jin (39% of lint, 11% of moisture, 1.3% of impurities), 4 of 4.28 yuan / Jin, 5 of 3.7 yuan / Jin. 
 blessing four links: the fundamentals of the United States are stable, and the cotton price trend is stable. The US Stone Company USDA's latest forecast for the monthly report of USDA believes that the US fundamentals have tightened slightly in the 2012/13, and that in the future, the futures of the US will tend to be consolidated. Fortune four forecasts that US cotton output will be reduced by 22 thousand tons to 3 million 679 thousand tons, domestic consumption will still be 740 thousand tons, and export volume will remain unchanged at 2 million 656 thousand tons. The current US cotton shipment rate is higher than the USDA forecast average level, and a large number of unshipped US cotton also created conditions for the completion of the target, but in the later stage, we need to guard against the phenomenon of breach of contract. US cotton end inventory is expected to be cut from 22 thousand tons to 1 million 23 thousand tons. At present, the price of ICE < a href= "//www.sjfzxm.com/news/index_c.asp" > futures < /a > price is about 80 cents, because the basic change of the US is not big, so the price of ICE futures will remain stable for some time. 
 the total volume of new cotton in Pakistan has been reduced by 9.1%. According to the latest data of Pakistan cotton mill Association, the new cotton market in Pakistan in the second half of 1 months was 60 thousand tons, less than half of the same period last year, and the total listing volume was 2 million 108 thousand tons, a decrease of 204 thousand tons compared with the same period last year, with a reduction of 9.1%. Among them, the listing volume of Punjab province was 1 million 530 thousand tons, a year-on-year decrease of 18.1%, and the listing volume in Sindh province increased by 29.4% over the same period last year. However, because the output of Sindh province is only 1/3 of Punjab Province, the total listing volume is still significantly reduced compared with the same period last year. 
 Brazil: heavy rain will alleviate drought and yield will be restored. According to the report of foreign power in February 4th, the main cotton producing area in Brazil continued heavy rain in the second half of 1 months, and the rainfall in all regions was very abundant. After this round of rainfall, the total rainfall in Brazil has greatly exceeded the normal level this year. If the rainfall is still adequate in February, the drought in Brazil's cotton producing areas will be completely alleviated, and worries about cotton yields will be eliminated. 
 market comment 
 China has about 6 million 150 thousand tons of cotton entering the national reserve. The market is high level < a href= "//www.sjfzxm.com" > cotton < /a > scarce. Moreover, processing enterprises and traders basically pay for storage this year, so they do not need to sell hedge in the futures market, resulting in smaller bear power. After the intervention of multi funds, prices will also rise easily.