Home >

The Saying Of One Family: Cotton &Nbsp; How Can We Get A "Worry"?

2011/10/25 10:57:00 25

In September, the cotton market temporarily passed a mild one. period There is also a slight boost in quotations. But since entering October, the market has been turning sharply and exhausted. Quotations continued to decline, while textile enterprises were not active because of tight capital chains, and the entire cotton textile industry chain was running poorly. Now the cotton market is like Xiao Xiao's autumn wind. How can we get a word "worry"?

Downward adjustment of cotton prices

Cotton seeds have been cut down in parts of Xinjiang recently. Price In Korla, the price of 40 lint seed cotton is 8.5 yuan / kg, and the daily purchase amount is more than 500 tons. Bachu area 40 linen is 8.6 yuan / kilogram, 41 linen newspaper is in 8.7-8.8 yuan / kilogram.

Lint, this week, with a "wind vane" known as a large Shandong Wei bridge. Spin The group purchased the price of naughty cotton for 3 consecutive days. Following the reduction of the 4 grade lint purchase price 200 yuan / ton and 300 yuan / ton respectively on October 15th and 16, the purchase price of 427 grade lint was 200 yuan / ton on the morning of 17 am. At present, the purchase price of 3 grade lint remains unchanged at 19800 yuan / ton, the 429 grade price is 19800 yuan / ton, and the price of the draw price is RMB yuan / ton.

Cotton fundamentals are empty

Real estate cotton affected by rainfall four and below accounted for more than 80%, cotton merchants, textile enterprises to replenish the library is very negative, the cost is not low, low price competition in the sales market is fierce, prompting the industrial chain this year to see the real estate cotton.

The overall cotton consumption will remain weak, and Xinjiang cotton will be transferred from the acquisition period to the cotton market. Sale Period, but textile enterprises and traders purchase intention is weak, sales pressure is increasing, the pressure of increasing production appears, enterprises are not optimistic about the future market and begin to actively pay for storage, the overall market sentiment is weak, in this case, the price of lint and seed cotton will continue to decline in the future.

The macro environment at home and abroad is grim.

1, domestic situation: domestic terminal commodity prices are running at a high level, and the inflection point has maintained a downward trend. The price of raw materials has dropped sharply under the monetary tightening of the authorities, which will form a suppressing basis for CPI data next year. The "soft landing" has gradually become a major trend in China's active pressure economy. Therefore, the current national policy is still tight, and the stable monetary policy will not change in the short term.

2, the international situation: macro level Europe and America Economic weakness is in danger of falling into recession, and consumption and speculative popularity are suppressed. Due to the slow progress of the EU's solution to the European debt crisis, the risk aversion in the peripheral financial market is relatively high and the popularity is weak.

Outlook for the future

At present, the raw material inventory of the cotton textile industry chain is poor, and the funds are not abundant. Under the guidance of prudent psychology, the enterprises in wait-and-see situation are obviously increasing. The high-grade cotton has become the main force in the recent storage, and the entry and storage of the mainland is limited to the cost pressure. In order to revitalize the capital, some enterprises began to increase the sale of lint, which led to a slight decline in the market transaction price. Purchase At present, the textile enterprises are generally faced with the problem of financial shortage and lack of purchasing power. Therefore, under the constraint of bad profits, it is expected that the probability of continued cotton fall will be larger in the later stage.