Cotton prices, yarn prices are stable, and market transactions are light

(2.13-2.17) The spot price quotation narrowed compared with last week. The overall stability was maintained and there were few transactions. There was still room for profit in electronic trading. The price of downstream Cotton Yarn is basically stable, and it also drives the price of cotton fabrics in the future. Due to the continuous reduction of seed cotton resources and the low quality in some regions, the acquisition of enterprises is positive. The recent price of cotton by-products has stabilized, and the price of short cashmere and cottonseed has risen significantly. On the weekend, the central bank announced that the reserve requirement ratio was lowered by 0.5% from February 24, mainly due to the decline in exports, currency growth, and the use of foreign capital in January. During the week, the average price of China's cotton price index (CC Index328) was 17,519 yuan per ton, up 85 yuan from the previous week; 229 grades were 20,745 yuan per ton, up 93 yuan; 527 grades were 16,891 yuan per ton, up 80 yuan. Last week, the volume of electronic synthesis decreased, the amount of orders increased, and the center dropped back.

First, the domestic spot: cotton prices, yarn prices stable cash spot transactions spot prices continue to rise, but some slowed down, some areas offer stable, but the transaction is small, on the one hand the electronic disk still has advantages, the company pays more attention, and secondly It is the purchase price of the textile factory that is not as expected by the company and the amount purchased is not large. The cotton by-product market has been relatively active in recent days. The prices of cotton linters and cottonseeds have been increasing. With acquisitions coming to an end, some acquisitions started late and it is expected that the acquisition will not be stopped until the end of March and early April. In recent days, although the price of cotton is still slowly rising, due to the dullness of the market, the price increase of cotton yarn has been few in recent days, and most cotton yarns maintain a stable price. The price of the subsequent cotton cloth was also affected by this, and the quotation was stable.

Last week (2.13-2.17) planned to collect and store 500,780 tons of cotton in 2011, an increase of 74,280 tons from the previous week; the actual turnover of 49,720 tons, an increase of 7,820 tons from the previous week, the turnover rate was 9.9%, of which the total planned storage of 377,580 tons , an increase of 66,480 tons over the previous week, the actual transaction of 44,040 tons; Xinjiang plans to receive storage of 123,200 tons, an increase of 7,800 tons the previous week, the actual turnover of 2,680 tons. So far, a total of 2,567,880 tons of transactions have been accumulated so far, including 1,523,160 tons in Xinjiang and 1,044,720 tons in the mainland.

Second, electronic match: shrinkage Masukura finishing down last week (2.13-2.17), the national cotton trading market, merchandise cotton electronic match transactions 84,480 tons, compared with the previous trading week trading volume decreased by 11,760 tons. The weekly order quantity increased by 6,920 tons, and the cumulative order quantity was 91,660 tons.

Zhou Yu has the following characteristics: First, the total transaction volume continued to decrease in the week, and the market was still high. The average daily trading volume was 16,976 tons, of which the far month MA1207 contract became the focus of the week's trading and the turnover was nearly 30,000 tons. 4 In May, the contract sales in May decreased by about 50%, and the center of gravity shifted significantly. Second, the weekly order quantity continued to increase, and the overall performance was still increasing and decreasing. In addition to the slight increase in recent months, the main MA1205 contract week also began to lighten up in the late week. Orders for the month MA1207 contract increased by more than 5,000 tons, which is the main force of the week's Masukura; Third, when the highest price for the week to match the MA1207 contract is 21,670 yuan, the lowest price for the MA1202 contract 19,560 yuan, are down nearly 200 yuan from last week; MA each month The average price of the contract fell in an all-round way, and the decline of the COSCO-China monthly contract was even more pronounced. The average weekly price of the far-month contract MA1207 fell by 323 yuan to 21,412 yuan/ton and continued to be the first of the contracts. At the same time, it was the largest decline contract, and there was a difference from the contract price in recent months. Reducing, the rest of the contract fell between 134-270 yuan, the average contract price in recent months 19,693 yuan / ton only higher than the average price of CC Index 328 weeks in the same period more than one hundred yuan, approaching the delivery closer to the spot market.

Third, the international market: the main end of the 5 Yang even fell to the holiday last week last week, ICE cotton main continuation of the previous week's rise ushered in five consecutive yang. On the one hand, the U.S. National Cotton Council expects that the U.S. cotton planting area will decline in the next year, and the electronic market will gain support. Then U.S. economic data will be optimistic and the European debt crisis will be resolved. U.S. stocks and most external commodity markets will rise; The export data was positive, and the May main contract of the ICE futures contract was supported by the May contract. The monthly contract is about to enter the delivery period, and the ** rollover transaction continues to pressure the formation of cotton futures, causing it to fall sharply at the weekend. Weekly average price of Cotlook A index was 100.47 cents/lb, down 1.93 cents from the previous week. ICE's average weekly contract price was 92.03 cents/lb, down 1.06 cents from the previous week.

Fourth, the outlook outlook The central bank announced last week that the reduction of the reserve requirement ratio by 0.5 percentage points could be described as late. In the case of a number of poor macroeconomic data in January, the central bank's RRR cut will release about 400 billion yuan to the market. . On the international front, the meeting of the EU finance ministers on the 20th will decide on the second bailout package for Greece. The European debt problem in Greece will once again usher in a turnaround. The Greek cabinet agreed to cut the 325 million fiscal deficit, which will make the success rate of the meeting. increase. The domestic spot price is stable and the transaction volume is light. The enterprises are optimistic about the electronic trading. After the fifteenth day of the first month, the enterprises have registered a large number of warehouse receipts on the electronic disc, which has weighed heavily on electronic discs.