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Cotton Plunged &Nbsp; Electronic Disk Rebounded.

2011/5/12 15:50:00 40

Cotton Rebound

Affected by the external market and the entire commodity market, the electronic market of the two cities in China has rebounded strongly, and spot prices are still falling. The rebound of electronic discs has brought some hope to the already fragile cotton enterprises. The textile mill has not yet acted on the scene, and the purchase is still in use with the purchase.


The textile factory reflects that the new list is mostly blended yarn, and the factory's

Stock

But most of them are pure cotton yarn, so they have to do it from a new perspective, and the pressure of funds is obvious.

Attention should be paid to tonight's USDA monthly report, and the 2011/12 forecast will be released for the first time.


Today, China's cotton price refers to (CCIndex328) 24831 yuan / ton, down 414 yuan, 527 cotton to plant average price 22895 yuan / ton, down 350 yuan.


According to the April macro data released by the National Bureau of statistics, CPI is still at the expected high level, and customs import data is also cut down. It also shows that China's domestic demand is not good at the stage. In general, macro tightening expectations and poor domestic demand may continue to restrict the overall strength of commodity prices.

The cotton textile industry should say that there has not been any improvement in the early stage of downstream poor state, especially in the recent period. The downstream textile enterprises have stopped production, limited production and holidays. The number of buyers from Europe and the United States who came to discuss this year is very few. The spot price of cotton is still in a downturn in the adjustment, and the whole industry is still in a weak position.


  

Imported cotton

China's main port quotas rose by 6 cents.

The immediate sale of cotton was hindered.

Cotton merchant

After a substantial decline in futures, a large number of special offers are still available, mainly American cotton, Australian cotton, India cotton and African cotton, all of which are on spot shipments, and the port price has been reduced to RMB 30000 yuan / ton.


Nevertheless, the procurement of textile enterprises is still cautious.

In addition, the monthly report of the US Department of agriculture will announce the new year's forecast for the first time in May.

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