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Domestic Cotton Prices Continued To Slump &Nbsp; Cotton Purchase And Storage Gradually Increased.

2011/11/3 9:16:00 8

Cotton in the near future

Goods in stock

Prices continue to fall, downstream

Cotton yarn

Sales of cotton fabrics were slow, cotton yarn prices continued to fall, and the price of polyester staple fibers had declined due to poor downstream sales.

Textile enterprises have low orders, weak sales, low operating rate, and even some enterprises stop production and leave.

Most textile enterprises are short of funds, raw material procurement is weak, cotton purchase intention is not high, cotton enterprises purchase cautiously, domestic cotton purchase and sale prices continue to fall, but Zheng cotton futures price rebounded under the external market.

In October 28th, 32 cotton combed yarn prices were quoted at 27070 yuan / ton, down 150 yuan / ton last week, or 0.6%, and the polyester staple price was 12500 yuan / ton, down 250 yuan / ton, or 2% lower than last week.

The average price of the 3 grade seed cotton purchase in the mainland is 4.16 yuan / kg (the price of cotton seed purchase is 18278 yuan / ton), down 0.04 yuan / Jin, or 1%, compared with last week. The average purchase price of 3 seed cotton in Xinjiang is 4.2 yuan / jin (the price of the cotton seed is 18446 yuan / ton), down by 0.07 yuan per kilogram, or 1.6% percent.

The national cotton price B index, which represents the average selling price of lint cotton in the mainland, is 19445 yuan / ton, down 177 yuan / ton compared with last week, or 0.9%, and the average price of Xinjiang standard lint sale is 19753 yuan / ton, down 286 yuan / ton, or 1.4% lower than last week.

Zhengzhou cotton futures contract settlement price of 19480 yuan / ton in November, up 205 yuan / ton compared with last week.

Gain

1.1%, the national cotton trading market electronic matching pactions in November the average contract price of 19087 yuan / ton, compared with last week fell 88 yuan / ton, or 0.5%.

The weakness of domestic cotton market is obvious.

In October 28th, a large textile group in Shandong once again lowered the purchase price of lint. At present, its 3 grade lint purchase price is 19500 yuan / ton, which is lower than the purchase price.

The acquisition of cotton processing enterprises is cautious, and the acquisition market is still rather dull.

As of October 28th, the national sales rate was 55.4%, down 11.2 percentage points over the normal years in the past 4 years.

With the deterioration of the spot market and the increase in the acquisition and processing capacity of new cotton, the enthusiasm of enterprises to raise their reserves increased, and the volume of storage and storage continued to enlarge. In October, 24-28 days later, 72400 tons of storage and storage were received, an increase of 50890 tons compared with last week and a 236.59% increase in a single week.

As of October 28th, a total of 96060 tons of storage pactions were received this year, including 22500 tons in the mainland and 73560 tons in Xinjiang.

It is expected that with the arrival of the peak season and the lack of market demand, the number of temporary storage and storage of cotton will continue to increase.