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Rising Cotton Prices After Spring Festival

2011/12/23 10:54:00 9

Import Pressure On Cotton Price During Spring Festival

At the end of the year, the Ministry of Finance adjusted the import tariff rate of cotton, the import cost of import price was 100 cents, but the cost of imports under 100 cents increased by 250 yuan / ton.

The domestic market is not only collecting and storing the market, but also importing policies to protect domestic market prices.

The current situation is that the domestic situation is in progress.

store up

The existence of the purchase and storage price gives strong support to the market, and the storage and storage are also positive.

At the same time, the domestic cotton enterprises did not focus on the domestic market this year. In the second half of this year, China's cotton imports doubled and enlarged, mainly signing the southern hemisphere cotton that just listed.

Meanwhile, at the end of the year, American cotton was listed on the market.

This year's global high-yield situation coupled with the impact of macroeconomic factors, ICE disk

Decline

More than the domestic market, at the same time, as a result of the many sets of pre - high pressure, ICE continues to break down the situation.

As a result, the futures price of the current external market is much lower than the domestic futures price.

At the same time, due to the few domestic quotas, the spot cotton coming to Hong Kong is facing a slow sale situation.

For the trend of next year's market, the main concern is the time point after the Spring Festival, the end of the purchase and storage and the new cotton planting period.

After the Spring Festival, there will be a hype in the textile industry. If there is a large number of state purchase and storage this year, there may be some reluctance to sell when the market starts next year.

At the same time, due to the arrival of US cotton at the end of the year, and the larger internal and external market,

Spread

The increase of cotton may be greater than that of the domestic market. The price difference between the ICE disk and the internal market may be narrowed.

Another point to note is the issue of import quotas. Until the end of the year, there is no news of the quota issuance next year, and the import volume in November this year will be equal to the quotas issued this year. Therefore, the price of import quotas may increase substantially at the beginning of next year.