Experts Expect Cotton Prices To Remain Stable.

< p > August, the 5-9 day of the week, the storage and sale of reserve cotton has just come to an end. < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > the enterprises have plenty of cotton stocks, and the domestic cotton market is light. The spot price of domestic cotton continues to be stable and weak.

In August 9th, 32 cotton combed yarn prices were quoted at 25850 yuan / ton, down 10 yuan / ton compared with last week, or 0.04%, up 440 yuan / ton compared with last week, or 1.7%; < a href= "//www.sjfzxm.com/news/index_c.asp" > polyester staple fiber < /a > 10235 yuan / ton, up 70 yuan / ton last week, or 0.7%, up 15 yuan / ton, or 0.1%.

The average selling price of the standard grade lint in the mainland is 19193 yuan / ton, down 4 yuan / ton compared with last week, or 0.02%, up 664 yuan / ton, or 3.6%; the average selling price of Xinjiang standard lint is 19451 yuan / ton, down 53 yuan / ton compared with last week, or 0.3%, up 700 yuan per ton, or 3.7%.

Zhengzhou a href= "//www.sjfzxm.com/news/" > cotton futures < /a > September contract settlement price of 20900 yuan / ton, up 210 yuan / ton last week, or 1%, up 2650 yuan / ton compared with last week, or 14.5%; the national cotton trading market electronic matching September average contract price 19138 yuan / ton, compared with last week fell 22 yuan / ton, or 0.1%, an increase of 350 yuan / ton, or 1.9%.

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< p > customs data show that the total value of China's exports increased by 5.1% over the same period in July, a marked improvement over the 3.1% decline in June, which is also 1% higher than that of the same period last year.

In addition, the national consumer price index (CPI) released by the National Bureau of Statistics (July) rose 2.7% over the same period last year, unchanged from last month.

The data show that China's economic operation is basically stable, and social demand is still slightly weak.

In recent years, the domestic textile market is light and light, textile enterprises have relatively adequate stock of cotton and low enthusiasm for purchasing. The national cotton market monitoring system established by China cotton reserve management company has shown that in the early August, the enterprises' a href= "//www.sjfzxm.com" > cotton < /a > average inventory usage days increased, the year-on-year increase, and the enterprises preparing to purchase raw materials accounted for a decrease of 16 percentage points from last month.

At present, many cotton enterprises are overhauling equipment, preparing for the new year's acquisition, the spot market is quiet, the circulation of cotton is less, and the weather in domestic cotton producing areas has not shown any outstanding anomalies. Cotton prices are expected to remain stable.

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< p > US dollar index fell sharply, commodity market strengthened, New York cotton futures purchase increased, international cotton futures and spot prices all rose.

In August 9th, New York cotton futures contract settlement price in October was 89.05 cents / pound, up 3.73 cents / pound compared with last week, or 4.37%.

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 15429 yuan / ton, up 525 yuan / ton, or 3.5%, lower than the domestic market 3764 yuan / ton, the price difference narrowed 529 yuan / ton last week. According to the sliding tax, the cost of import is 16128 yuan / ton, up 392 yuan / ton compared with last week, or 2.5% yuan, lower than the 3065 yuan / ton in the domestic market, and the price difference narrowed by 396 yuan / ton last week.

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< p > US Commerce Department data show that the US trade deficit dropped to US $34 billion 200 million in June, a new low since October 2009.

In addition, the US real estate analysts show that US house prices rose 11.9% in June, up sixteenth consecutive months, the fastest rate since 1977. A series of data improvements will help boost confidence in the market, but at the same time it will aggravate the Fed's concerns about its exit from quantitative easing.

Basically, the current textile companies are waiting for the new cotton market, purchase intention is light, cotton demand has not improved.

The US Department of agriculture's US cotton export report shows that in the week July 26th -8 1, the net volume of US cotton exports in July 26th was 18 thousand and 500 tons, down from last week.

In the near future, New York cotton futures have been greatly promoted under the push of buying. The market is very good for the new year's China storage policy. A href= "//www.sjfzxm.com" > International Cotton < /a > is strong support. It is expected that the possibility of cotton price fall is not very likely, or will continue to maintain the trend of the interval oscillation, but should be vigilant from the risks from the macro economy and the financial market.

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