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Cotton Prices In China's Cotton Market Tend To Enlarge In May.

2014/5/29 11:34:00 46

In May Domestic Cotton Prices The Decline Than The Chain.

1, lower price 
Since P entered into May, the price of domestic a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > has continued to decline, and the decline of the ring ratio tends to enlarge. China's cotton price index showed that, as of 26 days, the price of 4128B class decreased from 17518 yuan in April 30th to 17397 yuan, or 121 yuan, or 0.69%. In the past month, although there has been an increase in volatility, but a smaller margin, the main drop. In May, the average was 17443.53 yuan, down 993.8 yuan from 18437.33 yuan in April, and 5.39% in the annulus ratio. The average monthly price of domestic cotton reserves (equivalent to the standard level) dropped from 17457.52 yuan in April to 17336.92 yuan, which is basically the same as the cotton price index in China. The sale price of cotton in the county was reduced from 17600 yuan in April to less than 17000 yuan, and the 3228 level dropped from 16600 yuan to 16300 yuan, and the decline of the ring to price reached 3.41% and 1.81% respectively in 4128. The standard price is only 17400 yuan, which is basically the same as the price of the national cotton reserve. The ratio fell by 700 yuan, or 3.87%, which fell by 1900 yuan compared with the market price in the same period last year, or 9.84%. 
 two, poor sales 
 despite the fact that < a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a > continues to decline, sales situation is still not good. Take the national cotton storage as an example, from the resumption of trading in May 4th to 26 days, the total volume of the month was 1504909 tons, while the actual turnover was only 335511 tons, and the turnover was 22.29%, which was 1.69 and 8.63 percentage points lower than that in April and April respectively. County cotton production in the mainland is even worse. At the end of 4, the county's commodity cotton stocks were only 70 tons. In May, enterprises also repeatedly lowered their quotations, but sales remained steady and no spanactions were made. 
 three, cause analysis 
 to analyze the current situation, the director of the county cotton association and some cotton textile enterprises made some analysis, and concluded that there are several reasons for this: first, the lack of high-grade cotton resources. Judging from the quality of commercial cotton placed in the country and in the county, the main quality is mainly below 4, and the length is 28 millimeters. Adding the factors such as horse value and specific strength, it is difficult to achieve the requirement of < a target= "_blank" href= "//www.sjfzxm.com/ > > textile > /a > Enterprise worsted cotton. There are quite a few cotton spinning enterprises in Sheyang, especially the textile enterprises that have been listed in the county's industrial newspapers. No matter whether there are quotas or not, since the beginning of January, the energy of purchasing cotton has been invested in imported cotton, thus reducing the demand for domestic and real estate cotton. The two is the prediction of the target price of new cotton. In April, the state adjusted the bid price of cotton reserves, announced the target price of cotton in 2014, and better supported the decline of domestic cotton prices. Nowadays, the implementation of cotton target price is getting closer and closer, and the price difference between domestic and foreign cotton is expected to shrink further. Coupled with the abundant supply of domestic cotton resources, textile enterprises have generally followed the purchase and purchase, and industrial inventories have decreased significantly. Most cotton control is only about 20 days. Three, textile enterprises rely on business difficulties. Enterprises reflect that this year, we have to cope with the adverse factors such as rising costs and low market demand. Some enterprises have seen steady growth in their production and their profits have rebounded slightly. However, the shortage of orders and difficulties in sales still restrict the development of enterprises. In particular, the shortage of funds, the inventory of finished products is higher than normal, the situation of shutting down production and limiting production has not been completely changed, and the adjustment of product structure has reduced the demand for cotton. Enterprises believe that this situation will not change much in the next 2 or 3 months before the new cotton listing.