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The Government Will Punch Out The Cotton Speculation.

2010/11/18 11:47:00 41

price

The rise, especially the rapid rise of agricultural products and food prices, has reached the level of government intervention.

Residents of China in October

Consumer price

With the index growth reaching a new high of 4.4%, inflation has become a major concern in the field of macroeconomic regulation and control.

It is understood that the national development and Reform Commission, the Ministry of industry and so on this week is brewing price control measures.

Zhou Wangjun, deputy director of the price department of the national development and Reform Commission, said the NDRC will take measures to control price increases within the range of ordinary consumers.

In fact, the market has given a strong adjustment signal.

November 15th, China

futures market

Continuation of last Friday's decline, in addition to the big business plastics varieties continue to limit the plate, Shanghai, zinc, Shanghai rubber, Zhengshang PTA and sugar and other varieties of more than 6% of the decline.

A futures source said that not only the price has plummeted, but the holdings of various varieties are also dropping rapidly, and funds are being pulled out of the futures market crazily.

In November 16th, the national cotton trading market made 59100 tons of electronic cotton matchmaking trading, a decrease of 8580 tons compared with the previous trading day, a reduction of 18780 tons of orders and an aggregate order of 90880 tons.

In November 15th, the ICE cotton plate was strongly oscillated and finally closed near weak and far strong. In recent December, the settlement price of the contract fell below 140 cents / pound, to 138.75 cents / pound, down 143 points, the main contract in March was 134.2 cents / pound, up 2 points, May 2011, July and October contracts fell at different ranges, and the total price of the contract and the subsequent contracts rose.

There is no smoke without fire.

In November 16th, a large textile group in Shandong lowered the purchase price of lint cotton by 2700 yuan / ton, and the purchase price of lint cotton of Hubei, a large international cotton trader, was also reduced by 3000 yuan / ton.

Some large cotton traders in China have stopped collecting lint and turned to wait and see.

There is no market for seed cotton purchase in some parts of China.

In the face of Cotton Traders' active door-to-door sales, many cotton enterprises are not in the mood. The cotton companies that need to buy have also lowered prices and compressed quantities. Cotton prices in some areas have been greatly reduced.

In the early days, the heat of Xinjiang cotton and imported cotton decreased significantly, and many textile enterprises implemented the strategy of postpone the purchase of raw materials and speed up the sale of yarn.

The industry believes that tightening of macroeconomic policy will force cotton prices to make deep adjustments.

Some experts have analyzed the fear of future regulatory policies and high price risks.

Judging from the continuous, rapid and substantial adjustment, the speculation and hoarding components of the strong wave really occupy a large proportion. If the government comes up with measures to control price rises, it will be a strong deterrent to the accumulation of commodities in the spot, and cotton prices are expected to continue to decline.

As far as market rule is concerned, the basic factors that constitute the current cotton spot market have not changed much, and there is a great possibility of rebound in the process of sharp callbacks.

In addition, this week the India government reconsidered India's cotton export policy. Once the policy is implemented or will provide some guidelines for the short-term cotton price trend, we should pay close attention to it.