Domestic Cotton Spot Resources Shortage, Cotton Textile Improvement Will Support Cotton Prices

< p > on Tuesday, zhengmian 1309 new main contract ended at a time limit, exceeding the 20400 yuan / ton storage price, and the position of the contract increased by 70 thousand, indicating that the fund was actively involved.

On the outside side, the US cotton has climbed steadily since mid January, and has now stood at 82 cents per pound.

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"P > International bull market, domestic spot resources shortage and terminal cotton demand warming. All signs seem to indicate that the spring of cotton is coming.

Under the impetus of capital speculation, yesterday, Zheng Mianxin's main contract rose sharply, reaching a limit at the end of trading.

The prospect of domestic cotton textile will be improved in the future. < a href= "//www.sjfzxm.com/news/index_cj.asp" > cotton price < /a > is expected to continue to rise.

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< p > < strong > international institutions do more than /strong > /p >

< p > Tuesday, zhengmian futures broke through and the main funds moved to the September contract.

Zhengmian 1309 new main contract ended trading at a time limit, exceeding the 20400 yuan / ton storage price, and the position of the contract increased by 70 thousand, indicating that the fund was actively involved.

On the outside side, the US cotton has climbed steadily since mid January, and has now stood at 82 cents per pound.

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< p > recently, more international funds have entered a href= "//www.sjfzxm.com/news/index_s.asp" > cotton market < /a >.

According to the US Commodity Futures Trading Commission (CFTC) data, as of the week of January 22nd, the net number of futures and options of the 18 US varieties purchased by speculators increased by 11% to 758048, with the increase in the bullish cotton rate the highest since February 2011.

The international market is expected to heat up as a result of the large number of international institutions.

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< p > "recent industry rumors," a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > import quotas will be issued with the national dumping and storage. That is to say, buying 3 tons of national cotton reserves will send 1 tons sliding quota tax, so the market expects the demand for us cotton will be boosted. Therefore, CFTC positions show that the proportion of the bull market is rising rapidly, pushing up the price of cotton and cotton, thereby boosting domestic cotton prices.

Shenyang Wanguo futures analyst Zhang Junling told reporters.

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< p > < strong > cotton spot resource shortage in China < /strong > < /p >

< p > at present, the cash resources available in the market are relatively tight, and commercial inventories have reached a new low in the same period.

In the year of 2012/2013 cotton, China's cotton production is expected to be around 6 million 800 thousand tons, and domestic storage and storage has collected 6 million tons. Under the influence of large acquisition of state reserves, the number of cotton circulating in the market is relatively small.

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< p > up to the end of last week, the state's cotton storage and storage in the new year has reached 5 million 950 thousand tons, accounting for more than 80% of the new cotton output in 2012.

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< p > Chen Dong, an analyst with Baocheng futures, said that despite the fact that the spot resources were decreasing, although the country began to actively throw away old cotton, the overall trading was not ideal because of the high price.

In addition, the old cotton warehouse receipts will be cancelled at the end of March. In other words, Zheng cotton 1305 and 1309 contracts will only deliver new cotton warehouse receipts, while the current 2012/2013 warehouse receipts are only 103, which is far from enough delivery.

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< p > January 28th, the total amount of registered cotton warehouse receipts in Zhengzhou was 348 (including the old warehouse receipts in 2011/2012), which decreased by 150 from the end of 11 in 2012, and decreased by 110 compared with the beginning of 2012.

"The number of warehouse receipts is reduced, which confirms that the current spot can deliver less resources, and the selling value is limited, which has a great effect on cotton prices."

Shanghai mid-term analyst sees thunder thunder.

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< p > < strong > the improvement of textile cotton will support cotton price < /strong > /p >

< p > experts predict that the prospect of domestic cotton textile will improve in the future, and it is expected to pull cotton prices up.

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< p > it is understood that the current survival environment of downstream textile enterprises has improved slightly, especially at the end of December last year, when domestic textile and clothing exports rebounded significantly, and domestic retail sales grew significantly year-on-year. The sales and inventory situation of the entire textile industry in January were significantly improved.

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The survey results of < p > middle cotton storage in mid January showed that the domestic yarn and cloth production and sales rates of domestic textile enterprises increased by 2.4% and 13.7% to 97.2% and 104.6%, respectively, while the national cotton industry inventory decreased by 9.8% compared with the same period last year, and the average level of domestic cotton industry has dropped 20.3% over the past three years.

In addition, the proportion of enterprises preparing to purchase raw materials accounted for 63%, an increase of 8 percentage points, while the proportion of wait-and-see enterprises decreased by 11 percentage points.

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< p > "all data show that in the context of a positive change in production and marketing environment, the demand for cotton for terminal is increasing significantly, which will strongly support the future cotton price trend."

Analyst Chen Dong said.

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