November 12Th Cotton Market Morning News

I. macro environment:

1, China Securities Daily: October

2, the National Bureau of Statistics: CPI increased by 4.4% in October, a 25 month high, and PPI rose 5% compared to the same period last year.

3, China News Network: Hu Jintao meets Obama, saying it will push forward the RMB exchange rate reform step by step.

4, Shanghai Securities Daily: the Fed's quantitative easing policy has undoubtedly increased the external pressure of China's economic operation.

In the past two days, the Customs General Administration, the National Bureau of statistics and the central bank announced China's economic performance data in October. The inflation and credit data have gone far beyond expectations, causing widespread concern.

Policy worries about inflation and credit will increase the possibility of raising interest rates in the near future, while tight money and broad finance will become the main keynote for next year's policy.

5, the Wall Street Journal: the US stock market closed down on Thursday, due to the disappointing performance expectations from CISCO Cisco (Systems), which dragged down technology stocks and left the market under pressure.

Crude oil futures were flat on Thursday, trading quietly, but crude oil futures hit a new high in the oil futures market after being boosted by reports of rising oil demand in China.

On the 11 day, the gold futures price of the New York Mercantile Exchange reopened on the 1400 US dollar barrier when the US dollar ceased to rebound and Asian demand for physical gold was strong. The most active December contract rose 0.3% to $1403.3 an ounce.

6, Ho News Network: China foreign exchange trading center, the RMB against the U.S. dollar closed on Thursday, 6.6257 yuan, second consecutive days in 2005 set the highest level of foreign exchange reform.

It has broken even the 6.63 and 6.62 yuan integer pass, and the daily high has increased by over 25% since its reform in 2005.

Two, cotton spinning information:

1, the China Cotton Association: affected by the fundamentals of supply and demand, the increase in production is lower than expected, the gap between production and demand increases and the US dollar devaluation pushes market expectations. The price of new cotton has been soaring since the beginning of the new scale. In November, three prices a day, one higher than one.

Only timely sales of seed cotton can achieve high price.

Stable development of cotton production is a fundamental measure to deal with the sharp rise in prices. Preventing high prices and preventing inflation should be "three hands" as well as preventing crises.

At present, the risk of cotton market is increasing and the regulation is weak.

2, global cotton online: the soaring price of cotton has begun to threaten some links in the cotton industry chain.

The mills are facing a rising cotton price and retailers are facing an economy that has yet to emerge from the crisis.

As the global economic recovery is slow, it is doubtful whether retailers can send price rises to downstream consumers.

In the coming months, retailers' price strategy and the growth of retail consumption may provide answers.

If consumers do not accept high prices, the whole textile industry chain will face greater pressure, which will eventually lead to a reduction in orders and weaken the support of basic prices.

3, China textile net chemical fiber raw material prices Daily Bulletin: in November 11th, PTA price trend obvious callback, MEG prices fell slightly, semifluid polyester chip, big light polyester chip price trend down, CDP slice, polyester bottle film price trend downward.

Acrylic fiber 1.5D * 38mm, acrylic top 3D * 102mm price adjustment, CPL price in the pan, nylon 6 Slice price slightly upward.

Due to the large number of POY callbacks in Xiaoshan yesterday and the impact of today's POY futures going higher and lower, the market atmosphere of Shengze and Jiaxing has dropped significantly, and the volume of shrinkage has been shrinking.

The price of the local spinning factory is basically unchanged. It is reported that the mainstream FDY of Xiaoshan has risen 300 yuan /T, and then the price of POY in Taicang and Xiaoshan has dropped 1000 yuan / ton.

Shaoxing has a high price of FDY crude Dan products with a callback rate of 100-200 yuan /T.

The market in Tongxiang is stable, and the price of local mainstream manufacturers is stable. POY150D/144F quotes at 17400 yuan / ton.

Judging from the current market situation of polyester, after several days of procurement, although the downstream weaving mills and the bomb companies have sufficient materials for polyester, the purchasing power of polyester has fallen down, but at present, the stock of polyester products in spinning factories is extremely low.

Therefore, most people believe that in the near future, the overall market of polyester appears to be stable.

4, China Textile Network yarn prices every day: November 11th, the whole cotton yarn price is inertial "rising" trend, trading volume is still concentrated in 32S, J40s, the main jet cotton series production demand is better, other specifications purchasing power down.

Polyester cotton yarn quotes rose at a fair price.

Pure polyester yarn market continues to show rising trend, but polyester staple trading prices began to stabilize.

The 10s market of the human cotton yarn market is more popular, and the price keeps rising.

Polyester and viscose yarn 40s trading volume has risen, the price trend has also been lifted.

Viscose staple fiber center of gravity is still rising.

It is expected that the cotton yarn market will continue to be uplink.