International Cotton Prices Rise, Domestic Cotton Market Runs Smoothly

According to the SASAC website news, recently, the storage and storage volume remained high, and the total turnover exceeded 100 million tons.

On October, 15-19 days, 381 thousand tons of storage were collected and 10 thousand tons less than last week.

As of October 19th, the total volume of storage and purchase pactions in 2012 was 1 million 155 thousand tons, of which 247 thousand tons were traded in the mainland and 908 thousand tons in Xinjiang.

domestic

The price trend is relatively stable, with a slight drop in part.

The State implements the large single purchase and storage contract mechanism, strengthens the collection and storage efforts, and the domestic cotton spot market is stable as a whole. The cotton futures price of Zhengzhou has risen slightly under the external market.

In October 19th, 32 cotton combed yarn prices were quoted at 25660 yuan / ton, down 25 yuan / ton, or 0.1%, down 1560 yuan / ton compared with last week, or 5.7%, and polyester staple price 10750 yuan / ton, down 150 yuan / ton compared with last week, or 1.4%, down by 2000 yuan / ton compared with last week.

The average price of cotton seed purchase in the mainland was 4.20 yuan / kg, down 0.02 yuan / Jin compared with last week, or 0.5%, unchanged from the same period last year. The average price of seed cotton purchase in Xinjiang was 4.25 yuan / Jin, up 0.01 yuan / Jin compared with last week, or 0.2%, down 0.02 yuan / Jin, or 0.5%.

The average selling price of the standard grade lint in the mainland is 18788 yuan / ton, which is basically the same as last week, down 834 yuan / ton, or 4.3%, Xinjiang.

The average price of lint sale was 18958 yuan / ton, unchanged from last week, down 1081 yuan / ton, or 5.4%.

Zhengzhou cotton futures contract settlement price in November was 19315 yuan / ton, up 215 yuan / ton compared with last week, or 1.1%, up 40 yuan / ton compared with last week, or 0.2%; the average contract price of the national cotton trading market electronic matching November was 18822 yuan / ton, compared with last week, it fell 29 yuan / ton, or 0.2%, down by 353 yuan / ton, or 1.8%.

The National Bureau of Statistics announced the three quarter's economic performance data.

Basically, cotton enterprises adopt a sound acquisition strategy, strive to make early savings to return the funds, ensure that seed cotton purchase volume is not reduced, maximize the efficiency of capital, and the implementation of the large single purchase and storage contract mechanism further speeds up the acquisition process of seed cotton.

In summary, the domestic cotton market is expected to maintain a stable operation pattern in the near future.

Next week, the cold air will continue to affect most parts of the northern part of the country. There will be rain and snow weather in northern Xinjiang. In view of the strict requirements of the state's purchase and storage on the quality of lint, cotton enterprises must be reminded to strictly control the moisture regain and avoid the excessive return of rain and snow.

The international grain market is picking up. The new cotton test results show that the cotton grade is lower than in previous years, raising the market's concern about the quality of new cotton, the market sentiment is heating up, and the cotton futures price in New York has risen sharply, driving up the international spot price.

In October 19th,

Cotton futures December 2012 contract settlement price of 76.88 cents / pound, compared with last week rose 5.5 cents / pound, or 7.7%.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariff. The cost of import of RMB is 13872 yuan / ton, up 537 yuan / ton, or 4% yuan, lower than the domestic market 4916 yuan / ton. The difference between domestic and foreign cotton price is 533 yuan / ton compared with last week. According to the sliding tax, the cost of import is 14792 yuan / ton, up 395 yuan / ton compared with last week, or 2.7% yuan, lower than the 3996 yuan / ton in the domestic market, and the price difference decreased by 391 yuan / ton last week.