The Slack Season Of Textile Enterprises Is Not Weak In July&Nbsp; Spot Prices Are Expected To Continue To Strengthen

June 23-29, 2010, market The "blockbuster bomb" on was undoubtedly the news that the relevant departments would continue to issue a part of the import quota of sliding allowance tax and the plan for dumping and storing stocks had been prepared in the near future, which was released by the China Cotton Association on June 25. On the same day, Zheng Mian was diving in the pan, and the electronic matchmaking was also surging back. However, the spot market did not show any panic, and the price did not change the upward trend, which well supported the rebound of cotton electronic disk in the next few trading days.

In the current week, the average price of the national cotton price A index (CNCotton A), which represents the mainland's 229 cotton prices, was 18496 yuan/ton, up 261 yuan/ton from the previous week; The average price of the national cotton price B index (CNCottonB) representing 328 cotton prices in the mainland was 18086 yuan/ton, up 231 yuan/ton.

On June 25, China Cotton Association Warning: the relevant departments will adopt a series of regulatory policies to stabilize the market, and will continue to issue a part of sliding allowance tax import quotas in the near future. At the same time, the plan for dumping 600000 tons has been approved, and the trading rules have been formulated. If the market needs, it can be launched at any time.

In the case of dropping and storing messages, goods in stock The rate of price increase began to slow down, but cotton hoarding enterprises believed that 600000 tons of reserve cotton was not enough to fill the gap between supply and demand this year, and they were still optimistic about the future market. However, textile enterprises had expectations of the rumored pricing selling method before the release of the detailed rules for dumping and storage. Therefore, some textile enterprises significantly slowed down the pace of lint procurement, with a strong wait-and-see mentality.

However, it is worth noting that textile enterprises are about to enter the slack season in July in the traditional sense. However, there is no obvious sign of negotiation in the gauze market at present. Most textile enterprises are in good order taking condition. Order production can be maintained until August September. There is basically no finished product inventory, and yarn prices are still rising. The optimistic production and marketing situation in the downstream has become the current highlight, It has formed a good support for cotton prices, and spot prices are still expected to remain stable and relatively strong.

In addition, due to the inverted current price, Zheng Mian's registered warehouse receipts were quickly cancelled, and the effective forecast also decreased rapidly. As of June 29, Zheng Mian's registered warehouse receipts were reduced to 854, and the effective forecast was only 134. In addition, the CF1007 contract is about to be delivered, Zheng Mian's registered warehouse receipts will further shrink, and the market advantage will gradually tilt to the long side of the CF1009 contract. Therefore, the concept of closing position with high degree of interest on CF1009 contract has gradually surfaced, and its price may continue to break through in the future.