Cotton Mill Started To Reduce &Nbsp, And Cotton Yarn Market Is Hard To Change.

Recent whole

Recently, heavy rain and fog affected the pportation of cotton in the northern part of the country. The cotton processing plant bought a good grade of cotton to actively store and store, while the small cotton plant continued to wait and see. Of course, the cotton market in some areas was active and the textile enterprises were replenishment in a small scale, but the low fans in the downstream textile industry restricted the rebound of cotton.

In 2011, on the basis of the original quota policy, the government launched a 19800 yuan / ton reserve plan.

At present, domestic storage and storage up to 1 million 100 thousand tons, is expected to reach 2 million tons at the end of this year, which will become the most concentrated domestic cotton in the year.

Although the recent spot and downstream textile market is relatively low, while Zheng cotton shows a long arrangement, and the center of gravity moves steadily upward. Technically speaking, the 60 day moving average of Zheng cotton has been suppressed by Zheng cotton, and the operation needs to be cautious.

The macro market is still weak, and the RMB has been down for five consecutive days.

China's monetary policy will be relaxed and market confidence has been temporarily restored, but the European debt problem is still difficult to improve substantially.

The spot exchange rate of RMB against the US dollar touched the "limit line" for five consecutive trading days.

At present, the expectation of RMB appreciation is greatly reduced, the trend of RMB appreciation will be reversed or the depreciation will be made in the medium and long term. The pace of RMB internationalization may be adjusted accordingly. In addition, with the weakening of RMB appreciation expectation, the accelerated withdrawal of hot money will bring pressure on China's property market and stock market.

From the comprehensive analysis of Chuang Chuang's point of view, the overall textile market remains weak, the short term cotton yarn market continues to show a weak consolidation situation, and the actual turnover is difficult to improve. At the end of the year, financial pressure or forcing the market to actively launch promotional measures, it is recommended that the cotton mill should start cautiously and reduce the inventory pressure.