Zheng Cotton Prices Close To The Purchase And Storage Price Should Pay Attention To More Empty Opportunities.

The author maintains certain confidence in the medium term policy, and expects spot and

The market will continue to be in line with the policy price of 20400 yuan / ton.

However, after all, there is a lack of good support for Fundamentals, and prices or volatility are increasing.

In addition, consumer spending is weak or may be a curse for the subsequent market downturn.

It will soon be on the market.

There are two main factors affecting the trend: first, policy factors.

According to the report, China has issued 400 thousand tons of import quotas, and 1 million have been allocated to the state. Two is the climate factor.

From early July to mid August, cotton bolls usually belong to the flowering stage.

It is a period of vegetative growth and reproductive growth, and it is also a critical period for determining the yield of cotton.

From the policy analysis, the State purchasing and storage policy began in September this year, although market consumption is still weak, but policy support has set the main tone of the upward trend in the medium term.

Since China bought and sold a lot of cotton last year, the USDA has repeatedly raised China's cotton stocks.

In a recent monthly forecast, the US Department of agriculture (USDA) data predicted that China stores half of the world's stock of cotton.

Such a huge inventory makes the market attach great importance to China's reserve measures, and pay close attention to reserve storage before the arrival of the purchase and storage.

The author suggests that there is no need to be excessively sensitive and worried.

Regardless of whether or not to store, how to lay aside reserves will not deliberately suppress the market.

At the end of July, the China Cotton Association announced a survey of cotton growth and output forecast in 2012.

The results showed that the cotton planting area in Xinjiang cotton area increased slightly compared with the previous survey data, and the cotton planting area decreased slightly in the same period last year.

Up to the end of June, most cotton areas had better meteorological conditions, which was beneficial to the growth and development of cotton.

China Cotton Association believes that if there are no major disasters later this year, cotton will be a bumper harvest this year.

In view of this, the problem of consumption is the problem of abundant production.

Although the recent downstream procurement has been heating up, the overall situation of textile and clothing sales has not improved significantly.

In the first half of 2012, exports of textiles and clothing were again facing an unfavorable situation.

Under the shadow of the European debt crisis and the US debt crisis, the global economy has been declining as a whole, and exports of textile and clothing that rely heavily on external demand have been severely hit.

At the same time, domestic economic growth slowed down, rising costs and upside down cotton prices and other factors led to the slowdown in textile production, the decline in corporate efficiency and the weakening of export competitiveness.

Export growth was less than 2% in the first half of this year, of which 1, 2, 4 and June saw a negative growth in exports compared with the same period last year.

According to the General Administration of customs, textile and apparel exports totaled 137 billion 400 million US dollars in 1-7 months this year, down 0.2%.

In July, exports of textiles and clothing were US $23 billion 890 million, down 8.1% from the same period last year.

Textile exports dropped by 8% and clothing exports dropped by 8.1%.

In a complex and severe trade environment, textiles

Export situation is still not optimistic in the second half of this year.

To achieve annual growth of 8%, the cumulative growth rate in the second half of this year will reach 13%. The task is quite arduous.