129773932964062500_179Cotton prices short term pressure recently, cotton CF1209 Cheng contract falling to 21,200 after near fall speed significantly slower 213,601 line arrangement. The author believes that new shouchu plan support for cotton prices has been the market to digest, cotton throw import quotas and storage policy will have greater pressure for cotton prices, weak cotton consumption will continue for some time in the future, Zheng Mian will continue to research and seek support. Cotton shouchu cotton shouchu draws to a close in towards the end of 2011. Bottom of shouchu increases cotton price
tera gold, stable cotton in cotton-planting area at the same time ensuring that the future market, changing the structure of supply and demand of the cotton market. At present
tera power leveling, the level 4 cotton on the market most has been shouchu, avoid cotton prices fell further。 As of March 23, 2011 temporary shouchu total 3.01 million tons of cotton, the year yield 7.26 million tons of cotton 41%. Plus imported 1 million tons of cotton outside before, States have mastered the 4 million tons of cotton resources, enhanced regulation of cotton prices. However, temporary shouchu is just too much in the market of cotton in cotton reserve standby andNot reducing the amount of cotton supply and demand under the condition without significant improvement, short-term oversupply on the formation of cotton prices upward pressure. Wheel pressure continues to increase domestic cotton storage capacity is close to saturation, if 2012 continue shouchu, 4 market will face a larger parabolic reservoir pressure. If countries choose to throw storage, leaving aside the reserve price is $ 19,800/Tons of shouchu price plus storage costs and interest on funds, estimated at more than 22,000 yuan/ton, the current spot price is far lower than the price. Due to the overall goal of the interim national reserve is to ensure market supply, stabilizing cotton prices, and relatively loose cotton supply, storage Foundation does not have parabolic. But the country's storage capacity is full now, short term increase the reservoir capacity is difficult, only behind storageFree library to ensure smooth progress of cotton shouchu in 2012.
Therefore, market the shouchu free countries will throw cotton storage there is a big question, on the formation of cotton price pressures. Spot continued sluggish demand present, hesitate in the global economy, consumer demand for cotton in the doldrums within a certain time. In February, China's garment sales continued to decline. From garment exports, 2Month total garment exports amounting to us $ 19.29 billion
tera gold, fell by 2.5%; total textile exports amounting to us $ 11.94 billion, down 2.6%. From the domestic apparel sales data, February retail Commerce Department monitored the 3,000 key enterprises in the clothing class commodity sales fell by 3.2%, growth in clothing sales fell 7.7%.
According to the survey, due to volatile cotton prices, garments of cotton or cotton goods on the market share dropped significantly reflecting weak consumption situation of cotton to some extent. Quotas for delayed release the pressure relative to domestic cotton prices higher on cotton prices, tend to use cotton textile enterprises. But up to now, development and Reform Commission issued 894,000 tons this year tariffQuota has not yet issued sliding tax quotas, imports of textile enterprise to unmet demand. Recently, the cotton circulation enterprises, textile enterprises focus on imported cotton increased significantly, but can only wait for the national development and Reform Commission published price band tax quotas at an early date. Enterprises purchasing tariff quota to ensure that production, import tariff quotas of cotton prices had risen to $ 1% to $/ton,Part directly on the international market to buy cotton yarn to reduce costs. In February, cotton yarn imports in China hit a record high, up to 123,500 tons, link at 72.36%, increase of 122.36% compared, displayed market buoyant foreign demand for cotton. Quotas to defer payment of stable domestic cotton prices, but had a larger pressing on cotton prices. IfFruit quota significantly for the April-May issue, pressured domestic cotton prices will come down if the June-July issue, impact on the cotton prices are relatively small.
From a technical point of view, cotton CF1209 CHENG have been entering the down channel, bunker continued to be held back, below the price in the Brin channel rail, display relatively weak short-term oscillations. Comprehensive analysis of cotton shouchu 2011 draws to a close, to closeStorage support has waned. Country throw storage and stability in the late game of acreage policies, issuance of sliding tax will have a larger pressure on prices, Zheng cotton short pressure, or will continue to hit in the near future.
Investors may be concerned about the situation in support of around 21,000. Online statement Gold: Gold-line reproduced above, does not indicate that confirm the description, onlyFor investors ' reference and does not constitute investment advice. Investor operations accordingly, at your own risk.
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