Cotton Spot Prices Edged Up &Nbsp, The Market Remained Stable.

On the 5 day, cotton spot prices continued to strengthen slightly, and the purchase of raw materials for textile enterprises was mostly purchased in small quantities, and the situation of cotton yarn falling prices had not changed.

The spot market is still stable, and the enthusiasm of cotton growers is increasing, but spot sales are still cold.

Dachang still maintained fast takeover, quick processing and quick delivery of production rhythm, showing the characteristics of stable storage and storage. If small factories processed at market prices, they would still lose money, so most of the 200 type enterprises still did not dare to enter the market easily and watch carefully.

Downstream, due to the impact of the global economic downturn, orders have been reduced, and turnover has not improved.

Cotton side, the products shipped well, to boost the cottonseed market, to 0.97 yuan / kg daily average price remained stable.

A senior official of Monsanto, a multinational agricultural giant, said that the US sown area in 2012 is expected to be reduced by 15% to about 12 million 500 thousand acres, although the final data will largely depend on cotton prices and grain prices on competing land, as well as volatile weather conditions.

The price of main cotton imported from China is basically stable, and individual varieties have risen slightly.

Recently, spot prices in Asia have been strong, thanks to the sharp rise in ICE futures.

Another news said that because of the downturn in the market last year, the planting area of American cotton could fall by 15% this year.

Even so, analysts say that the recent rebound in cotton prices is only a rational return, without taking fundamental factors into account. Due to the sluggish market demand and the continuous reduction of global consumption, cotton prices will be limited.

On the whole, the spot price of lint continued to pick up slowly, and the cotton price rose by 5 days. In the 2011 year, a total of 2 million 300 thousand tons of cotton temporary storage and storage were accumulated. However, the procurement of textile enterprises remained unchanged.

On the 6 day, the main CF205 of Zheng cotton was concerned about the 20775-20880 interval, and the operation was short - term concussion. Considering the continuous effect of purchasing and storage, the long line still remained low.