Sporadic Orders Are Still The Main Line &Nbsp; The Road To Recovery In Cotton City Is Still Hard.

International news is lively

With the three rating agencies downgrading the credit rating outlook of Greece and Italy, the European sovereign debt crisis is becoming more and more serious, and the US dollar exchange rate has strengthened, and international crude oil and other commodities have fallen, which has put down pressure on cotton futures. Because of the overall global cotton demand, the cotton market is likely to maintain a downward trend in the next few days. Although some of the main cotton producing areas in the United States and China continue to suffer from flooding and drought, cotton cultivation and output are affected, but the actual cotton supply problem has basically come to an end because of the increase in output and stock in other countries.

Domestic bad news echoes.

HSBC yesterday announced that China's PMI preview data at the beginning of May was only 51.1, falling to its lowest level since July 2010.

The preview value further confirms that under the background of anti inflation,

Sporadic downstream orders continue to lead cotton market

　　近期棉花市场形成相对暂稳的格局，籽棉收购虽然较上周有所放缓但较5月上旬仍有小幅增长，原因在于籽棉成本带动加之期货市场的波动，棉商挺价心态有所恢复，据卓创了解，部分商家表示因现货收购已有部分赢利，许多前期关门棉商重开收购并且多数顺价甚至以销定产(先联系好销售客户，再收购加工)借此规避风险，而近期下游少数棉纱厂在原料库存略低并且在棉价相对暂稳时刻选择低价询单，虽然部分棉商针对低价惜售但仍有棉商出于悲观心态出货意图明显，零星成交自然产生，但整体下游棉纱纺织行业仍处在自身难保的阶段，在资金紧张、消耗库存的过程中仍将在很大程度上压制对棉花的刚性需求，零星订单继续引领棉花市场，在大规模集中性采购到来之前，棉市复苏之路仍然艰难。