Cotton stocks stabilized and seed cotton acquisition ushered in a small peak

Last week (1.04-1.06) before and after the New Year's Day, the market price quotations increased strongly, but the lack of follow-through purchases caused the lack of strength. However, the increase brought about an increase in the sales, and the sales in some regions ushered in small peaks. The selling price basically rose steadily. The electronic market continued its upward trend since mid-December and continued to rise slightly. The pre-holiday market has been rumored about the sliding quota tax quotas, and the relevant authorities indicated that they are still discussing. Since there were only three trading days during the week, the trading volume decreased, the order volume continued to increase, and the average price of each contract was very weak.

First, the domestic spot: spot prices stabilized, in some regions ushered in the acquisition of small peak state reserves to continue storage, in order to facilitate the Corps to pay, some warehouses to increase the number of single orders, the Japanese deposits are also enlarged. Although cotton companies have a strong willingness to increase their spot prices, textile companies do not follow up on purchases. Their finished product inventory is still high, and downstream sales are still not good. Therefore, they are not happy to see price increases, and the current price of cotton is low. In domestic cotton, the competitiveness of textile companies in the international market is insufficient. As the spot prices and cotton by-products prices rose steadily, the purchase prices of seed cotton around the country rose steadily, while at the same time the acquisition of some regions with slower acquisitions accelerated, ushering in a small peak. Farmers also began to sell for the safety of the sacks and the large number of seed flowers in the home. Cotton companies are optimistic about the high-level market, some companies have the idea of ​​cotton and cotton, and some 200-type small factories are just around the corner.

As of January 6th, a total of 6,266,400 tons of cotton was planned for storage in 2011, with an actual turnover of 2,347,670 tons, of which 3,142,200 tons were planned to be stored in the Mainland, with an actual turnover of 848,070 tons, and 3563,000 tons in Xinjiang, with an actual turnover of 1,499,600 tons.

Second, the electronic match: increase more or less continue Masukura last week (1.4-1.6), the national cotton trading market merchandise cotton electronic match transactions turnover of 69580 tons, compared with the previous trading week trading volume decreased by 67,640 tons. The weekly order volume increased by 1,440 tons and the accumulated order quantity was 42,440 tons.

Zhou Yu has the following characteristics: First, the total turnover of the week decreased, due to the New Year holiday only three working days, the average daily volume of 23,193 tons, of which MA1203, MA1205 contract turnover of nearly 20,000 tons, trading center of gravity slightly upward, In recent months, the wait-and-see atmosphere of the contract was still strong, with only 1,000 tons being traded. Secondly, the order volume continued to increase. The overall performance was to increase and decrease. In recent months, orders for MA1201 decreased by more than 500 tons, and the momentum of lightening was continued. Only MA1204 in the China-Europe month contract was lightened slightly. 40 tons, the remaining contract in the main MA1205 orders increased by more than 800 tons, also play the main role of Masukura; Third, when the highest price for the week to join the MA1206 contract 20795 yuan, slightly lower than last week, the lowest price for the MA1202 contract 19300 yuan, Compared with the previous week, the average price decreased by one hundred yuan; the average price of the contract week in MA increased month by month, and the average price of each contract was still within 100 yuan. The average weekly price of MA1204 contract increased by 64 yuan to 20,435 yuan/ton, which was the current week. The largest increase contract, far month contract MA1206 continues to occupy the highest price of 20741 yuan / ton in each contract, the average price of MA1201 contract in recent months is still higher than the CC Index 328 weekly average price of 300 yuan in the same period, the pattern has not changed.

Third, the international market: buying support futures rose cotton rose slightly after the Christmas period, the first trading day after the New Year, due to better than expected economic data from multiple countries to boost market sentiment, ICE cotton in the New Year's first trading day Followed by European and American stock markets and external bulk commodity markets. European bank liquidity issues caused market concerns, US stocks performed flat, with cotton futures rising for nine consecutive days with buying support. After the continuous rise, the selling pressure appeared to be suppressed. Jiulianyang was closed on the 5th. However, the recent buying support again and again, basic news positive, once again usher in a rebound, 6 days cotton, the main rebound more than a hundred points. During the week, the average contract price of ICE futures cotton was 95.58 cents/lb for the week, up 5.07 cents/lb from the previous week. The average price of the international cotton spot price Cotlook A index was 99.29 cents/lb for the same period, up 4.14 from the previous week. Points/lbs.

Fourth, the market outlook The recent spot price of cotton began to stabilize, the downstream cotton merchants began to look optimistic. As the lunar Chinese New Year approaches, the cotton farmers are eager to use the money and active sales are expected to continue. In terms of spot, sliding quota tax quotas have not yet been issued, and the domestic market is very bullish, and the electronic disk is active. Although the State Reserve has retained the cotton price and ensured the interests of farmers, domestic textile companies have to use high-priced cotton to increase the cost. The market should pay more attention to textile sales.

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