Domestic Cotton Prices Steady Running, Textile Market Sales Rose Slightly

< p > September 11th, 32 cotton combed yarn quoted price of 25820 yuan / ton, down 10 yuan / ton compared with last week, or 0.04%, up 195 yuan / ton, or 0.8%; polyester staple price 10190 yuan / ton, down 25 yuan / ton compared with last week, or 0.2%, down by 150 yuan / ton, or 1.5%.

The average price of the 3 cotton seed cotton purchase in the mainland is 4.2 yuan / Jin, up 0.09 yuan / Jin, or 2.2%; the average price of Xinjiang white cotton 3 seed cotton purchase is 4.41 yuan / Jin, up 0.28 yuan / Jin, or 6.8%.

The average selling price of the standard grade lint in the mainland was 19277 yuan / ton, unchanged from last week, up 524 yuan / ton, or 2.8%; Xinjiang standard level < a href= "//www.sjfzxm.com/news/" > lint < /a > average selling price 19512 yuan / ton, unchanged from last week, up 554 yuan / ton, or 2.9%.

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< p > > Zhengzhou a href= "//www.sjfzxm.com/news/index_c.asp" > cotton futures < /a > November contract settlement price of 19935 yuan / ton, compared with last week, it fell 105 yuan / ton, or 0.5%, up 775 yuan / ton compared with last week, or 4%; the national cotton trading market electronic matching November, the same average price 19339 yuan / ton, compared with last week, it rose 5 yuan / ton, or 0.03%, up 36 yuan / ton, or 0.2%.

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< p > the General Administration of Customs released data showing that in recent years, with the comprehensive increase of the international market demand, the stable exchange rate of RMB and the facilitation of trade facilitation, the export enthusiasm of enterprises increased. The export growth rate of China continued to rebound in August, and the export grew by 7.2% over the same period last year. The growth rate was 2.1 percentage points faster than that of last month, which was 4.5 percentage points faster than that of the same period last year.

Among them, < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "//www.sjfzxm.com/" > clothing > _blank > export growth is good, exports grew 14% year on year, the growth rate dropped 1.8 percentage points from last month, 17.3 percentage points faster than the same period last year.

On the basic level, the volume and operating rate of textile industry in the lower reaches of the lower reaches of the textile industry started to pick up in the early September, but sales pressure was still relatively large, and the backlog of finished product inventory and the tight financial situation had not been alleviated.

The price of cotton gauze is tentatively raised by individual textile enterprises, but most enterprises still sell their goods on a reduced price and withdraw money from them.

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< p > the spot market of lint cotton has maintained a low turnover. < a href= "//www.sjfzxm.com/news/" > textile enterprise < /a > stocking desire is not strong.

According to the national cotton market monitoring system, which was built by China cotton reserve management corporation, the survey of purchasing intentions of the national cotton flower industrial inventory report in September showed that 49% of enterprises preparing raw materials in early September were 6 percentage points lower than the corresponding period, which was a second month decline.

In the near future, the new year's collection and storage rules will be officially released, which will help mobilize the enthusiasm of the processing enterprises to purchase seed cotton in the market.

Under the policy guidance, domestic cotton prices are expected to continue to run smoothly.

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< p > speculative fund continued to substantially reduce its position. New York's a href= "//www.sjfzxm.com/news/" > cotton futures < /a > market lacked support for buying, and prices fell for third consecutive weeks.

In September 6th, New York cotton futures contract settlement price in October was 83.24 cents / pound, down 0.5 cents / pound, or 0.5%, compared with last week.

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 14310 yuan / ton, down 146 yuan / ton, or 1% yuan, lower than the domestic market 4967 yuan / ton, the price difference increased 245 yuan / ton compared with last week. According to the sliding tax, the cost of import is 15301 yuan / ton, down 101 yuan / ton compared with last week, or 0.7% yuan, lower than the 3976 yuan / ton in the domestic market, and the price difference increased by 200 yuan / ton last week.

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< p > according to data from the labor department and other agencies, the number of new non-agricultural employment in August was 169 thousand, slightly lower than the 180 thousand average increase in the market. The unemployment rate dropped to 7.3%, a new low since December 2008. However, as an important indicator of the performance of the labour market, the employment rate remained unchanged at about 58.5%, and the slow recovery of the US employment market worried the market.

After the report was published, the dollar in the foreign exchange market fell sharply against major non US currencies, and the US dollar index began to be suppressed from the rebound pattern in late August.

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On the basis of P, the international cotton price has continued to decline, attracting Chinese buyers to return to the US cotton market, and the signing of US cotton has rebounded sharply.

The US Department of agriculture (USDA) recently released < a href= "//www.sjfzxm.com/" > US cotton exports < /a > weekly report. On the 23-29 day of August, the US cotton net signed volume was 37 thousand tons, an increase of 137.5% over the previous week, of which China signed 19 thousand tons of net contract, which has improved significantly compared with the previous week.

But this did not fully stimulate the market to do more enthusiasm, speculative funds continue to lighten up, waiting for USDA9 months, "agricultural products forecast report" released, the U.S. Commodity Futures Trading Commission (CFTC) weekly traders positions report shows that as of September 3rd, the fund holds 49253 hand cotton net long positions, 20% less than the previous week.

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< p > to sum up, the risk events are gathered. The agricultural product forecast report will be released in September 12th. In the meantime, China will also announce the new rules for the storage and purchase of the new year. In accordance with the provisions of the receipt and storage plan, it will start the temporary purchase and storage policy in time, and the market will usher in a breakthrough in the direction. The oscillation is inevitable. "USDA9"

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