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By macro-control, weak demand and market prices of textile companies in the technical performance and other factors.
Morning News China National Cotton Reserves Corporation (hereinafter referred to as the storage of cotton) pointed out yesterday, by the macro-control, weak demand and market prices of textile companies in the technical performance and other factors, is expected to put downward pressure on the short term than the domestic cotton price large.
yesterday in the SASAC in the cotton storage site has written that the surface from a policy perspective, the Government will increase the expected post-tightening efforts. a time when the end of March, the cotton textile enterprises should be (0, -30275.00, -100.00%) during peak demand, but from the current situation, the domestic textile enterprises lint demand, if finished goods inventory later still not effectively relieve the pressure, do not rule out further decline in business may be the purchase price of lint cotton.
the same time, the storage of cotton, said the recent volatility of international cotton price increase, the domestic textile market continues weak downstream, increasing pressure on the stock of Finished Product, price promotions company increased the price decline of cotton yarn increased. Large lint cotton prices began to rise down the purchase price, the domestic spot prices fall,Gloves, the market volume was light.
from the domestic cotton price trend point of view, March 18,Scarves, the Mainland of seed cotton purchase price 6.38 yuan / kg, lint off purchase price of 28,717 yuan / ton, down 0.8% from the previous week. behalf of the Mainland standard grade average selling price of lint cotton price B national index for the 30,681 yuan / ton, down 1.7%; Xinjiang standard grade average selling price of 31,091 yuan lint / ton, down 0.9%. 32 支 cotton carded yarn quoted at 38,550 yuan / ton, down 1.3%; polyester staple fiber quoted at 14,800 yuan / ton, down 0.7%.
from the international point of view, we believe that the international cotton price will be unstable because of political and economic situation in the maintenance of a substantial shock pattern. after nuclear leak in Japan the global financial market crisis, severe setback last week, the New York Cotton futures prices for 3 consecutive trading days through limit, 18 March,Fleece set, on behalf of imported cotton price in China main port to the international shore cotton index (M) at 1% of the tariff calculation, discount import costs 37,432 yuan RMB / ton, down 3.7% from the previous week; by sliding tax calculation, discount import costs RMB 37,636 yuan / ton, down 3.7%. Affected by U.S. cotton to China last week was only 06,600 tons contract, breach of contract volume reached 134 million tons, the new contract amount of cotton is also greatly reduced.