There Is Still Pressure Above &Nbsp; Zheng Cotton Continues To Shake Weak Trend.

Purchase price

The 3 and 4 levels were reduced by 500 yuan / ton, 329 to 28500 yuan / ton, 429 to 28000 yuan / ton.

The company's price reduction also leads to the price reduction of the surrounding textile enterprises.

Recently, the purchase of lint of textile enterprises has almost stopped, inventory has maintained "land", yarn stock has increased substantially, and prices have been constantly lowered to promote pactions.

The US Department of agriculture will announce the estimated cotton planting area in March 31st. It expects us cotton planting area to grow to 13 million acres in 2011/12, an increase of 18.2% over the same period, and the estimated harvest area is 11 million 600 thousand acres.

If the output is 810 pounds per mu (60.75 kg / mu), the total output will reach 19 million 500 thousand packages (4 million 246 thousand tons), an increase of 6.6% over the same period.

The India Cotton Association has recently predicted that India's planting area may increase by 15% on the basis of 11 million hectares in 2010.

Farmers will expand their cotton planting area and occupy some of the other agricultural products, including soybeans, peanuts and rice.

Domestic, Xinjiang, Shandong and other major producing areas have been reported that the planting area will also have a breakthrough growth.

According to the head of the Xinjiang Cotton Association, the Corps planned to grow 7 million 800 thousand mu of cotton in 2011, an increase of 1 million mu over the previous year.

For the whole of Xinjiang, the Bureau of statistics in 2010 counted 2 million 490 thousand tons of cotton output in Xinjiang, actually around 2 million 900 thousand tons.

It is expected that there will be new breakthroughs in output in 2011, which may exceed 08 years and increase by 15%.

The Cotton Association survey of China Cotton Association in March showed that the cotton growing area in most parts of the country increased, due to the high level of cotton purchase price, but the growth rate was limited by labor, cost and comparative benefits. It is estimated that in 2011, the area of cotton planting in the whole country was 80 million 960 thousand mu, and the growth of the same caliber increased by 5.1%.

By the end of January 2011, according to the cotton farmers survey conducted in December, the cotton association of China estimated that the total area of cotton planting in 2011 was 84 million 550 thousand mu, an increase of 9.8% over the previous year.

In the end of February, China's Ministry of agriculture planted intention survey, in 2011, the national cotton planting intention increased by 5.4%.

On the whole, before the US Department of Agriculture announced the estimated cotton planting area in March 31st, Zheng cotton might maintain a weak trend.

In terms of operation strategy, textile enterprises can patiently wait for the buying hedge opportunities after overfall.