Local Yarn Price Rises, Domestic Cotton Price Goes "Bear".

Zhengzhou cotton futures contract settlement price of 20225 yuan / ton in May 2012.

The chain fell 145 yuan / ton, or 0.7%, down 4530 yuan / ton compared with the same period last year, or 18.3%. The average contract price of the national cotton trading market electronic matching paction in May 2012 was 19672 yuan / ton, and the cotton price fell 290 yuan / ton, or 1.5%, down 5044 yuan / ton, or 20.4%.

Reporters learned from the SASAC, recently, a few large textile enterprises in China have increased some of the marketable varieties of cotton yarn quotes to drive local yarn prices up, but the market turnover has not improved, and the finished product inventory level of the cotton mill is still high.

At present, there is a big difference between cotton price difference at home and abroad. At the same time, the finished product inventory pressure of downstream gauze enterprises is generally not light, raw material procurement is weak, and domestic cotton market remains weak.

Zhengzhou cotton futures contract settlement price in May 2012 was 20225 yuan / ton, a decrease of 145 yuan / ton, or 0.7%, down 4530 yuan / ton, or 18.3%; the national cotton trading market electronic matching May 2012 average contract price 19672 yuan / ton, a decrease of 290 yuan / ton, or 1.5%, down 5044 yuan / ton, or 20.4%.

The purchasing managers' index (PMI) of China's manufacturing industry, released by the National Bureau of statistics, was 53.3%, an increase of 0.2 percentage points in comparison with that of HSBC's manufacturing PMI in China during the same period of 49.3%. It also rose slightly from the previous month, indicating that China's economic growth has stabilized, but the trend towards better PMI has not yet been established.

At the 111st Canton Fair held recently, textile enterprises reflected the poor export performance. The trend of low-end orders outflow was obvious, and textile and garment exports failed to improve significantly after May.

Domestic sales, downstream clothing, home textile products inventory backlog, enterprises significantly reduced sales promotion to return the funds.

In addition, our foreign yarn imports have increased rapidly. In 2 and March, the net import volume of cotton yarn in China increased by 213.3% and 159.2% respectively, which will bring pressure to the domestic yarn price.

Although a few large enterprises in the country have raised the price of individual marketable varieties, the declining trend of textile market is hard to fundamentally reverse under the gloomy consumption situation, and domestic cotton prices are expected to remain weak.

India's announcement of the resumption of cotton export registration and the large number of US cotton exports destroyed a large number of international cotton prices.

86.07 cents / pound, down 3.2 cents / pound, or 3.5%, down 67.7 cents / pound, or 44%, representing 1% yuan in the average price of China's main port, and the cost of imports is 16279 yuan / ton, down by 1.5% yuan, down by 13492 yuan / ton compared with the same period last year. The decline is 45.3% yuan, which is lower than that in the domestic market. The price difference is increased by RMB yuan / ton compared with last week. The import cost of RMB discount yuan is RMB yuan / ton, compared with last week. The cost of import of RMB is RMB yuan / ton, which is down by RMB yuan / ton, decreasing by 3.5% yuan. May 4th, New York cotton futures contract settlement price in May 2012

The international cotton market is expected to maintain a weak adjustment pattern.

In May 4th, 32 branches.

The price quoted is 26320 yuan / ton, up 240 yuan / ton, or 0.9%, down 8730 yuan / ton, or 24.9%; polyester staple price 11030 yuan / ton, up 50 yuan / ton, or 0.5%, down by 2440 yuan per ton, or 18.1%.

The average price of cotton seed purchase in the mainland is 4.07 yuan / kg, which is flat, down 1.5 yuan / Jin, or 26.8%; the average price of seed cotton purchase in Xinjiang is 4.25 yuan / kg, which is flat, down 1.2 yuan / Jin, or 21.9%.

The national cotton price B index, representing the average selling price of the standard grade cotton in the mainland, is 19388 yuan / ton, down 20 yuan / ton, or 0.1%, down 6726 yuan / ton, or 25.8%; the average selling price of Xinjiang standard lint is 19986 yuan / ton, which is flat, down 7030 yuan / ton, or 26%.