[ Macroscopic review ]

According to data from the US Department of Commerce and the Federal Reserve, the US industrial output and housing construction rebounded in April. The US Department of Commerce said that in April, the US housing utilization rate increased by 2.6% compared with March, and seasonally adjusted new housing reached 717 thousand units, better than the 685 thousand expected by economists, up nearly 30% from the same period last year. After nearly 6 years of decline, the US real estate market is beginning to show signs of slow recovery. Data released by the Federal Reserve show that output of us factories, utilities and minerals industry increased by 1.1% in April, the largest increase since December 2010. All along, the road to economic recovery in the United States has been very bumpy, slow and intermittent. In order to return to the level before the financial crisis, there seems to be a long way to go in the current global economic climate.

[ Raw material Market Comment]

The market worries over the European debt crisis deepened, so the US dollar continued to strengthen on the 16 day, while the external grain market generally declined. ICE cotton fell sharply again after a brief rebound on the 15 day. The main contract in July was 2.19 cents lower than the previous trading day, closing at 76.97 cents / pound, the lowest point since the end of August 2010. The forward December contract also dropped 2.72 cents to 74.61 cents / pound. The US Department of agriculture will release the latest weekly US cotton export weekly at Beijing time tonight, and the market will wait for further wind directions. suffer American cotton The impact of the falling market, Zheng cotton main contract opened today. The main contract in September closed at 18880 yuan / ton, compared with yesterday's closing price fell 175 yuan, while the position increased by 10676 hand, the final position is 326508 hands. Today, the total turnover of Zheng cotton is 774164 hands, which has increased significantly compared with yesterday. The total volume of positions increased by 28700 to 558560 yesterday. The turnover rate is 142.25%. The outflow of funds was 295 million yuan. cotton The warehouse receipts decreased by 24 (1008 tons) from the previous trading day to 3364 (141288 tons), plus effective forecast warehouse receipts 623 (26166 tons), totaling 3987 (167454 tons). At present, the market is full of air. The lint market is still in the downstream channel. Domestic and foreign cotton prices remain high, plus the newly increased cotton import quotas, textile enterprises to increase the use of imported cotton quota, the influx of China's imported cotton has occupied a lot of real estate cotton market share. And the downstream textile industry is in the off-season, so the market demand for real estate cotton is even more light. China's cotton price index (CCI328B) continued downward trend today, down 70 yuan to 19055 yuan / ton. Viscose staple fiber market affected by the cotton market, the focus of the move down, the market confidence in the market outlook is not large, is expected to be dominated by weak consolidation in the near future. The polyester staple market is still down today. The whole macroeconomic environment is not ideal, the terminal consumption recovery is weak, the market mentality is empty, and the impact of the cotton market, the textile enterprises' confidence is frustrated, and the wait-and-see atmosphere is strong. Psf Maintain a weak consolidation trend.