Cotton Prices In China Will Remain Stable.

    China Cotton Reserve Management Corporation On the morning of December 28th, the author wrote on the website of the SASAC that, along with the tightening of macroeconomic policies, the determination of the government to stabilize prices, and the low demand for textile downstream, the domestic cotton prices could be stable.

　　
The company pointed out that at present, domestic spot cotton trading has no market price. Cotton price The rise is short of downstream demand. One side Textile market In the off-season, sales are sluggish, orders are scarce, inventories are rising, the pressure of capital withdrawal is bigger, and profit margins are obviously squeezed, so that many small businesses have begun to prepare or even have early holidays. Cotton polyester The price trend is constantly deviating from each other. The price difference between the two countries is close to the previous high point, and some large textile enterprises have to reduce costs, reduce cotton and increase polyester.

　　
    Intermediate storage cotton In December 24th, 3 grade seed cotton in the mainland The average price of the purchase is 5.72 yuan / Jin. Cotton lint The purchase price was 25097 yuan / ton, up 1.8% from the previous week; the average price of Xinjiang purchase was 5.41 yuan / Jin, up 1.1% from the previous week. The national cotton price B index, which represents the average selling price of lint cotton in the mainland, is 27687 yuan / ton, up 0.9% from the previous week, but the increase is narrowed by 0.5 percentage points from the previous week. The average price of Xinjiang standard lint sale is 27338 yuan / ton, up 0.1%, or 0.6 percentage points lower.

　　
At the same time, the 32 day Pure cotton combed yarn The offer was 33900 yuan / ton, down 0.6% from the previous week. Psf The price quoted is 12370 yuan / ton, down 0.3%; the price difference between cotton and polyester is 15317 yuan / ton, and the peak value is only 440 yuan from November 4th.

　　
China store cotton also said last week New York cotton Sharp fluctuations, pre week continuous trading, refresh the new price since the civil war, but by pre harvest profit, India allows delayed shipment. cotton Policy and spot demand were temporarily inhibited and other factors, followed by a two day limit, and spot prices also followed a high callback. In December 24th, the international cotton index (M), representing the average price of the main port of China imported cotton, was calculated at 1% tariffs. The import cost of the folded renminbi was 29998 yuan / ton, 0.1% lower than that of the previous week. According to the sliding tax, the cost of the import of RMB was 30275 yuan / ton, or 0.1%.