Cotton prices higher short-term lack of motivation

The end of March, the U.S. Department of Agriculture announced the 2011-2012 cotton acreage intentions, leading to sharp decline in domestic cotton prices, the domestic spot price of cotton futures fell below 30,000 in one fell swoop integer mark, futures prices briefly fell to 28,000 Fast

Yuan / ton in the vicinity, the spot market in the large continuous sharp decline in the price of cotton prices in the fall, the overall trend of weak cotton. Weekly report released on Thursday showed exports, increasing the number to cancel a contract, shipments have fallen sharply, the downstream pressure on the stock manufacturer 
Increases, shipping difficulties, cotton futures prices rise again on a certain pressure, the cotton market is expected to increase short-term lack of motivation.

    Stock prices continue to decline

    Domestic cotton prices continue to fall, as of April 15, the price of cotton on behalf of the Mainland 229 A national cotton price index (CNCotton A) to 30,516 yuan / ton, down 171 yuan from the previous week / ton; the price of cotton on behalf of the Mainland 328 The National Cotton

Flower Price Index B (CNCotton B) is 29,428 yuan / ton, down 211 yuan over the previous week / ton.

    Continuation of tight monetary policy

    15, National Bureau of Statistics released statistics show that in the first quarter consumer price index (CPI) rose 5.0%. Among them, the March consumer price index rose 5.4%, a decline of 0.2%. 5% of the price increase hit 32 months

A new high this year has been higher than the national goal to control. And the 3 end of broad money (M2) balance of 75.8 trillion yuan, up 16.6% over the previous year fell 3.1 percentage points; narrow money (M1) balance of 26.6 trillion yuan, up 15.0%

Down 6.2 percentage points; the currency in circulation (M0) balance of 4.5 trillion yuan, up 14.8%, down 1.9 percentage points. The balance of RMB loans of financial institutions 49.5 trillion yuan, 2.2 trillion yuan over the beginning of an increase, up by 352.4 billion yuan less; the

Term deposits of 75.3 trillion yuan, an increase over the beginning of 4 trillion yuan, up by 54.5 billion. Series of data show that the country's future will continue for some time tight monetary policy, interest rates and raising the reserve will co-exist, having a cotton prices
Blocked.

    Significant increase in cotton acreage of new

    U.S. Department of Agriculture by the end of March, according to the report, 2011-2012 U.S. cotton acreage area will reach 12,565,500 acres, the actual planting area than the current year an increase of 10,973,200 acres 1,592,300 acres, an increase of 14.5%; domestic new

Annual cotton acreage intentions survey, representing an increase of 462.8 hectares, to reach 7927.2 million mu, an increase of 6.2%.
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    Textile exports dropped significantly

    According to the National Cotton Market Monitoring System for the textile economic performance data, this year, China addition to Turkey, and China Taiwan textile and apparel exports were up by 12.16% and 16.68% other than exports to other major markets are down. Which

The EU, the United States and Japan textile and apparel exports were $ 2,589,000,000, $ 1,549,000,000 and $ 1,380,000,000, down 15.85% year on year, respectively, 25.49% and 7.98%, respectively, over the same period fell 135.88,132.99 and 49.98

Percentage points.

    New cotton upcoming Southern Hemisphere

    On Thursday, the U.S. Department of Agriculture announced the 1-7 April 2011 Report of the American cotton exports. When the week, U.S. cotton exports 2010/2011 net contract volume of -2.18 million tons, China, Vietnam, Turkey, Indonesia and Pakistan
Cancel the contract amount of more than a new contract, which China has removed 13,100 tons. U.S. cotton export shipments of 7.01 million tons, 41% less than the previous week over the previous 4-week average of 27% less. In addition, the main cotton-producing countries the southern hemisphere, Australia

Brazil and Argentina's cotton market sales will bring some pressure to the market, short-term will increase the global cotton supply, cotton futures prices will be suppressed.

    From the current point of view, although this year is expected to remain tight supply and demand the formation of support on the market, but growing stack of negative pressure, the futures market will remain weak. For the stock market, lower production and operation is critical, from April

Were from the domestic textile production will officially enter the traditional peak season, which means that the spot prices are still up opportunities, but spot cotton futures prices rose sharply possibility has not.