The Yarn Market Is Hard To Say, &Nbsp; The Lint Spot Is Rather Unsalable.

Week (3.05-3.09) spot prices fell steadily and traded generally.

The stock trading volume increased significantly compared with last week. The storage will end at the end of this month.

Downstream yarn market downturn, low turnover, increased inventory, strong shipping mentality.

On the 5 day, India announced that the export of cotton was stopped. The news came as a result of objections from India's domestic cotton merchants and cotton growers. The domestic and international electronic plates rose sharply, and the weekend meeting in India continued to discuss the matter.

The weekly average price of China's cotton price index (CC Index328) was 19594 yuan / ton, 16 yuan lower than the previous week, 229 yuan 20878 yuan / ton, or 1 yuan; 527 level 16953 yuan / ton, or 7 yuan.

Last week

First, domestic stock: the yarn market is hard to say, and the lint spot is much unsalable.

Last week, domestic cotton spot declined steadily, but the turnover did not change.

The price of spot and electronic disk is not optimistic, and the enterprises choose to pay for storage. From last week's delivery reserves, we can see that the acquisition is coming to an end. Some enterprises say that if they stop buying, the processing will probably end in a week, and the cottonseed market is better, supporting enterprises to continue to buy.

Poor market conditions, 200 small factories have stopped buying.

The adjustment of yarn price is expected to maintain the market outlook for all cotton yarn market.

Recently, the domestic yarn market is extremely depressed, the sales of enterprises are sluggish, inventory is backlog, and shipping psychology is strong.

As of March 9th, cotton temporary storage and storage totaled 2804500 tons in 2011, including 1584520 tons in Xinjiang and 1219980 tons in the mainland.

The total weekly turnover increased significantly compared with last week, with the mainland as the main player, increasing by ten thousand 4000 tons and Xinjiang's growth by more than 7000 tons.

Two, electronic matching: the whole

Last week (3.5-3.9), the cotton trading market of the national cotton trade reached 73980 tons, which was 12960 tons less than that of the previous week.

Weekly orders increased by 7500 tons, and the cumulative order was 109400 tons.

　　当周撮合有如下特点：一、当周成交总量缩减，行情再次下行，观望气氛渐浓，日均成交量14796吨，其中MA1207合同仍为市场重心，成交近两万吨，较上一周减少近万吨，中远月合同成交均有下降，而近月、远月合同成交有所活跃，MA1208成交增加近五千吨;二、周订货量继续增加，整体表现仍为增多减少，其中MA1207仍为增仓主力，幅度近三千吨，此外MA1206合同增仓势头增强，居次席，仅近月合同减仓千余吨，幅度与上一周基本持平，累计订货量仍在两万吨以上;三、当周撮合最高价为MA1208合同21590元，较上周提高近三百元，最低价为MA1203合同20030元，较上周降低百余元，行情波动幅度扩大;MA各月合同周均价全面收跌，其中MA1206合同均价下跌141元至20731元/吨，为当周跌幅最大合同，其余合同跌幅在40-137元之间，其中远月MA1208合同以均价21199元/吨继续居于各合同之首，近

Monthly MA1203 contract average price 20169 yuan / ton, higher than the weekly CC Index328 week average price of 575 yuan, the price difference has narrowed compared with the previous week.

Three, the international market:

On the 5 day, as the India government issued the ban on cotton exports, the ICE cotton industry rose sharply and the turnover increased significantly.

Subsequently, the good news was resolved by the market, investors began to worry that India cotton export policy variables remained, 9 USDA report negative, ICE cotton pressure for four consecutive days down.

According to the latest forecast by the US Department of agriculture (USDA), 26 million 920 thousand tons of global cotton output this year increased by 65 thousand tons compared with the previous forecast, 23 million 672 thousand tons of consumption, 215 thousand tons reduction, and ending stocks increased by 337 thousand tons to 13 million 569 thousand tons.

The weekly Cotlook A index averaged 100.01 cents per pound, up 0.66 cents from the previous week, and the average price of ICE's recent contract was 90.75 cents / pound, up 1.18 cents from the previous week.

Four, outlook for the future

Last weekend, macroeconomic data released in February, CPI rose 3.2%, a 20 month low. PPI was flat compared with last year. Foreign trade figures were not optimistic, the trade deficit hit the largest in 10 years, while the growth rate of foreign trade in February was only 4%, which again reflected the weakness of China's export.

On the spot side, the downstream weaving enterprises are not working well, and the sales of the enterprises are not good.

The downstream is not good, but the price of cotton is not very big. Last week it was only a slight drop. The storage and storage continued at the end of this month.