The Cotton Market Is Trading &Nbsp In The Doldrums; The Buyback Has Come To An End.

2011/4/27 11:06:00 64

Recently, at home and abroad

cotton

The spot market has declined, and domestic enterprises have been outside cotton.

Purchase

The momentum is weakening, and cotton trade is not in good condition.

According to the survey, there are about 100 thousand tons of bonded cotton in Qingdao port, less than twenty thousand tons in Zhangjiagang, and Shanghai port.

Stock

General cargo.

At present, the price of cotton and cotton in India generally falls below 30 thousand tons, and India cotton 29500.

offer

It is difficult to ship.

American cotton in the past two weeks

Exit

The weekly report shows that China has cancelled some of the previous US cotton orders, while the United States has had a net negative import value of cotton in 2011/12 for five weeks in the past six weeks, that is, five weeks' orders have been cancelled.

One of the reasons is that foreign investors buy back in China, Turkey and Mexico.

The Chinese market has started to rise to around 180 cents (when the price is about 30000 yuan / ton). The repurchase climax has risen to about 200 cents in the ICE cotton futures contract (about 33000 yuan / ton to the port price).

At present, because of the ICE cotton contract in July, the contract fell to about 170 cents (to HK $28500 yuan / ton), and the repo price is also quite similar. Although the domestic market has experienced a marked decline recently, the enthusiasm of buyers and sellers to participate in the buyback is not strong enough to observe the market changes.