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The US Dollar Is Likely To Be Stronger, With A Trend Of &Nbsp.

2011/11/26 13:58:00 4

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The US Dollar Trend Is Clear Cotton Prices Are Hard To Say.

A recent statistical report from the Milan chamber of Commerce shows that families in Milan 1/5 have to control.

consumption

They can only maintain the basic consumption of daily necessities.

1~9 months, the United States accumulated from the global

Imported cotton products

14935.92SME, a year-on-year decrease of 11.18%.

The European debt crisis has made people in Europe and America cling to their wallets, including the decrease in clothing consumption expenditure.

The change of consumption behavior in European and American markets has seriously affected the export of China's textile and garment industry.

China began in April this year, especially in the third quarter.

clothing

Orders were not optimistic, and exports continued to decline as expected in October.

In the 110th Canton Fair, many foreign trade enterprises in the main markets in Europe and the United States have reflected that in the past two months, with the intensification of the debt crisis in Europe and the United States, the demand for European and American markets has fallen into a downturn, and orders from Europe and the United States are decreasing rapidly.

The actual turnover of purchasers in Europe and the United States dropped by 19% and 24% respectively.

This indicates that China's textile and garment exports will continue to weaken in the first half of next year.

This year's downturn in textile and clothing exports has led to a roller coaster boom in China's cotton prices from last year to this year.

In February last year, cotton prices soared to nearly 35000 yuan / ton, the highest historical record, up to 70%, but from this year, cotton prices began to plummet, as of November 21st, cotton prices have dropped to below 20000 yuan / ton, the price range of more than 40%.

In order to ensure the stability of cotton production and price, China started the temporary storage and storage of cotton in September 8th. The price of temporary storage and storage is 19800 yuan per ton of standard grade lint.

As of November 22nd, the national temporary cotton storage capacity has exceeded 600 thousand tons so far, effectively reducing the pressure of supply.

However, China store cotton said that the sales of yarn and cloth were still sluggish in the near future. The textile enterprises stopped and limited production increased, and finished product inventory remained high. Cotton yarn prices will continue to fall.

From an international perspective, the global cotton production supply is adequate. The US Department of agriculture's October report shows that the stock of cotton in the 2011 is expected to increase by 22.02% compared with 2010.

Affected by the debt crisis in Europe and the United States and other countries, the world economic growth has slowed down, and cotton consumption has not been enough.

In November 22nd, Zheng cotton was low and low, and the average line had been arranged in a short way. It was affected by the continuous downfall of the US cotton and the downward influence of Zheng cotton.

In addition, considering the possible strength of US dollar, cotton prices in China are hard to say.