Data show that the recent domestic cotton market remained weak

Reporter learned from the SASAC, the recent large number of large domestic textile enterprises to improve the quotation of some varieties of cotton yarn marketable, driven by rising local yarn prices, but the market did not improve turnover, finished yarn inventories of finished products is still high. At present, there is a big gap between the domestic and international cotton spreads, while the downstream gauze enterprises generally do not have the pressure on the inventories of finished products, the weak purchasing of raw materials and the weakening of the domestic cotton market. Zhengzhou Cotton Futures May 2012 contract settlement price of 20,225 yuan / ton, down 145 yuan / ton, down 0.7%, down 4,530 yuan / ton, down 18.3%; National Cotton Exchange electronic trading agreement May 2012 contract Price 19,672 yuan / ton, down 290 yuan / ton, down 1.5%, down 5,044 yuan / ton, down 20.4%. National Bureau of Statistics released in April China's manufacturing purchasing managers index (PMI) was 53.3%, up 0.2 percentage points; the same period HSBC China Manufacturing PMI was 49.3%, also slightly picked up from last month, indicating that China's economic growth trend Steady, but the good situation has not yet been established. At the 111th Canton Fair recently held, the textile enterprises reported poor export transactions, a clear trend of outflow of low-end orders, and a clear improvement in the export of textile and apparel after May. Domestic sales, downstream apparel, textile products inventory backlog, substantial sales price cuts to return funds. In addition, the import volume of foreign yarn in our country has been rapidly increasing. In February and March, net imports of cotton yarn in our country increased by 213.3% and 159.2% respectively over the same period of last year, which will also bring pressure to domestic yarn prices. Although a few major domestic enterprises raised the yarn prices of individual marketable varieties, the downturn in the textile market is unlikely to be fundamentally reversed in the dismal consumption situation. The domestic cotton price is expected to remain weak. Affected by India's announcement of the restoration of cotton export registrations and the greater number of US-cotton export and contract-denials, the international cotton prices have suffered a large drop. May 4, the New York Cotton Futures May 2012 contract settled 86.07 cents / lb, down 3.2 cents / lb, down 3.5%, down 67.7 cents / lb, down 44%; on behalf of the Chinese cotton importers The international cotton index (M), which is the average port-to-port average price, calculated at 1% tariff, reduced the import cost of RMB by RMB16,279 / tonne, down by RMB141 / tonne and down by RMB1,3492 / tonne, down by 45.3% In the domestic market, the price was 3109 yuan / ton. The spread was 221 yuan / ton higher than last week. According to the sliding allowance, the import cost of RMB fell 16782 yuan / ton, down 148 yuan / ton, down 0.9% and down 13268 yuan / ton , A decrease of 44.2%, lower than the domestic market of 2606 yuan / ton, the spread expanded by 128 yuan / ton last week. It is estimated that the international cotton market will maintain a weak adjustment pattern. May 4, 32 cotton carded yarn price 26,320 yuan / ton, up 240 yuan / ton, up 0.9%, down 8730 yuan / ton, down 24.9%; polyester staple fiber offer 11030 yuan / ton, chain Up 50 yuan / ton, up 0.5%, down 2440 yuan / ton, down 18.1%. The average purchase price of seed cotton in the Mainland was 4.07 yuan / kg, down by 1.5 yuan / jin compared with the same period of last year, down 26.8%. Xinjiang's average purchase price of seed cotton was 4.25 yuan / jin, down by 1.2 yuan / jin, or 21.9% less than the previous month. The national cotton price index B, representing the average selling price of standard grade cotton in the Mainland, was 19,388 yuan / ton, down 20 yuan / ton, down 0.1% from the same period of last year, down by 6,726 yuan / ton, down 25.8%; the average selling price of standard lint cotton in Xinjiang was 1,9986 yuan / Ton, the chain was flat, down 7030 yuan / ton, down 26%.

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