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Cotton Is Riding On The Down Train &Nbsp, And The Market Is Full Of Complaints.

2011/5/9 13:15:00 67

This week,

Zheng cotton

1109 the main contract closed at 24875, with a weekly drop of 5.7%, down 28.7% from its peak of 34870 in February 17, 2011.

In particular, the recent two weeks accelerated decline, the cumulative decline of up to 12.5%, bearish psychology rapidly intensified.

The situation of a large textile enterprise in Shandong, which plays a role in the national vane, has gone beyond the limit. From April to the first working week after the May 1 holiday, the purchase price of lint has been cut down for 7 times in a row. The total decrease has reached 4500 yuan / ton. At present, the purchase price of grade three lint has dropped to 24000 yuan / ton, which has dropped by 23.8% compared with the previous highest price of 31500 yuan / ton.

The reduction of the purchase price of lint on the one hand is a confirmation of the fact that most of the textile enterprises are facing difficulties in order to sell. On the other hand, or in connection with some related policies, the 35 day cumulative decrease of 4500 yuan / ton has already made most cotton merchants "cry for no tears". According to this price, most cotton enterprises will lose 4000 yuan / ton.

Although there are still a handful of cotton traders who are reluctant to wait and see, but after all, they are weak and unable to stop the downlink trains in the cotton market. In addition, due to the general deviation of cotton quality in the last year due to weather factors, according to Chuang Chuang, it is relatively normal to send goods to Binzhou large textile enterprises in some parts of Shandong.

Imported cotton

The demand for domestic cotton has been greatly reduced. Under the demand shortage, there is no possibility of reducing the purchase price of lint.

The price of the four grade inland cotton Hebei Xinji is 23700 yuan / ton, and the export price of Handan is 23800 yuan / ton.

Xinjiang cotton local public inspection three level quoted price 28000-28500 yuan / ton, North Xinjiang paction price 28200 yuan / ton; public inspection four level 26000-26500 yuan / ton, good grade a small number of pactions, poor level nobody cares, "disgrace" obvious.

This week, the quotation for downstream cotton yarn fell by 500 yuan / ton.

Stock

Larger, the paction is still light, most of the textile enterprises to take a low price, but the market bought or not to buy a strong atmosphere, wait-and-see psychology is serious.

At present, the negative factors are flooded with difficulties, and the economic data for April will be released next week. The market is expected to raise interest rates or raise the deposit reserve ratio. It is expected that the cotton market will not improve in a short time.