Week (3.05-3.09) spot prices fell steadily and traded generally.

The stock trading volume increased significantly compared with last week. The storage will end at the end of this month.

Downstream yarn market downturn, low turnover, increased inventory, strong shipping mentality.

On the 5 day, India announced that the export of cotton was stopped. The news came as a result of objections from India's domestic cotton merchants and cotton growers. The domestic and international electronic plates rose sharply, and the weekend meeting in India continued to discuss the matter.

The weekly average price of China's cotton price index (CC Index328) was 19594 yuan / ton, 16 yuan lower than the previous week, 229 yuan 20878 yuan / ton, or 1 yuan; 527 level 16953 yuan / ton, or 7 yuan.

Last week

First, domestic stock: the yarn market is hard to say, and the lint spot is much unsalable.

Last week, domestic cotton spot declined steadily, but the turnover did not change.

The price of spot and electronic disk is not optimistic, and the enterprises choose to pay for storage. From last week's delivery reserves, we can see that the acquisition is coming to an end. Some enterprises say that if they stop buying, the processing will probably end in a week, and the cottonseed market is better, supporting enterprises to continue to buy.

Poor market conditions, 200 small factories have stopped buying.

The adjustment of yarn price is expected to maintain the market outlook for all cotton yarn market.

Recently, the domestic yarn market is extremely depressed, the sales of enterprises are sluggish, inventory is backlog, and shipping psychology is strong.

As of March 9th, cotton temporary storage and storage totaled 2804500 tons in 2011, including 1584520 tons in Xinjiang and 1219980 tons in the mainland.

The total weekly turnover increased significantly compared with last week, with the mainland as the main player, increasing by ten thousand 4000 tons and Xinjiang's growth by more than 7000 tons.

Two, electronic matching: the whole

Last week (3.5-3.9), the cotton trading market of the national cotton trade reached 73980 tons, which was 12960 tons less than that of the previous week.

Weekly orders increased by 7500 tons, and the cumulative order was 109400 tons.

　　當周撮合有如下特點：一、當周成交總量縮減，行情再次下行，觀望氣氛漸濃，日均成交量14796噸，其中MA1207合同仍為市場重心，成交近兩萬噸，較上一周減少近萬噸，中遠月合同成交均有下降，而近月、遠月合同成交有所活躍，MA1208成交增加近五千噸;二、周訂貨量繼續(xù)增加，整體表現(xiàn)仍為增多減少，其中MA1207仍為增倉主力，幅度近三千噸，此外MA1206合同增倉勢頭增強，居次席，僅近月合同減倉千余噸，幅度與上一周基本持平，累計訂貨量仍在兩萬噸以上;三、當周撮合最高價為MA1208合同21590元，較上周提高近三百元，最低價為MA1203合同20030元，較上周降低百余元，行情波動幅度擴大;MA各月合同周均價全面收跌，其中MA1206合同均價下跌141元至20731元/噸，為當周跌幅最大合同，其余合同跌幅在40-137元之間，其中遠月MA1208合同以均價21199元/噸繼續(xù)居于各合同之首，近

Monthly MA1203 contract average price 20169 yuan / ton, higher than the weekly CC Index328 week average price of 575 yuan, the price difference has narrowed compared with the previous week.

Three, the international market:

On the 5 day, as the India government issued the ban on cotton exports, the ICE cotton industry rose sharply and the turnover increased significantly.

Subsequently, the good news was resolved by the market, investors began to worry that India cotton export policy variables remained, 9 USDA report negative, ICE cotton pressure for four consecutive days down.

According to the latest forecast by the US Department of agriculture (USDA), 26 million 920 thousand tons of global cotton output this year increased by 65 thousand tons compared with the previous forecast, 23 million 672 thousand tons of consumption, 215 thousand tons reduction, and ending stocks increased by 337 thousand tons to 13 million 569 thousand tons.

The weekly Cotlook A index averaged 100.01 cents per pound, up 0.66 cents from the previous week, and the average price of ICE's recent contract was 90.75 cents / pound, up 1.18 cents from the previous week.

Four, outlook for the future

Last weekend, macroeconomic data released in February, CPI rose 3.2%, a 20 month low. PPI was flat compared with last year. Foreign trade figures were not optimistic, the trade deficit hit the largest in 10 years, while the growth rate of foreign trade in February was only 4%, which again reflected the weakness of China's export.

On the spot side, the downstream weaving enterprises are not working well, and the sales of the enterprises are not good.

The downstream is not good, but the price of cotton is not very big. Last week it was only a slight drop. The storage and storage continued at the end of this month.