In the storage of cotton: Domestic cotton prices rose to create a record high

Cotton production area in Xinjiang disaster, market expectations are tight, domestic and international cotton prices rose sharply "Caixin net" (reporter Bao 25th from Beijing) Cotton-producing areas of Xinjiang suffered from rain and snow frost disaster, coupled with the market for medium and long-term resources tight expectations, textile enterprises replenishment, the domestic cotton prices rose sharply, the period, spot prices are at a high record. The State Council SASAC website May 25 published China National Reserve Cotton Management Corporation (hereinafter referred to as the storage of cotton) provided by the analysis of the article shows, Zheng Cotton main CF009 Contract price breakthrough in the early consolidation interval, once touched 18340 yuan/ton, three consecutive days, a large increase, two full trading,　　MA1007 Contract price reached 18780 yuan/ton record high. May 21, the national cotton prices on behalf of the mainland standard cotton Price B index of 17072 yuan/ton, up 409 yuan per ton, rose 2.5%, than last week, the expansion of 1.1%; Zhengzhou Cotton futures July contract settlement price 18140 yuan/ton, up 945 yuan/ton, rose 5.5%　　Beijing National Cotton Trading Market July Contract price of 18647 yuan/ton, rose 813 yuan/ton, up from last week, up 4.6%; Hefei National Cotton Trading Center Electronic matchmaking transaction July contract settlement prices 17420 yuan/ton, rose 650 yuan/ton, up 3.9% per cent last week. In the storage of cotton, the domestic cotton market strong operation, the first is the supply of tight to provide support for cotton prices. Second, adverse weather for the current cotton prices into the upward momentum. This year, the low temperature less adverse spring sowing, the recent Xinjiang and rain and snow frost disaster, cotton growth prospects are worrying.　　In addition, cotton price upstream also get downstream demand, yarn price increase is greater than cotton.　　As of May 21, the domestic 3-level lint prices rose 32.3% in the early years, the same period 32 cotton yarn average rose 33.8%.　　Domestic textile enterprises after nearly one months of centralized replenishment, the majority of large textile enterprises at present the level of raw material inventory rose to about 2 months, generally higher than the same period, plus Xinjiang cotton and imported cotton, many large enterprises inventory can even be used until September.　　In the storage of cotton, the overall look, cotton prices continue to rise, cotton consumption is bound to be restrained, supply and demand will be a tight pattern of easing, the late market still exist variables. In addition, the European sovereign debt crisis dragged down the market performance, and the poor U.S. economic data has further cooled investment confidence. Despite the adverse external environment, but in China's additional quotas to stimulate the U.S. cotton export expectations and other factors under the support of the reserve cotton in the expected fundamentals will remain dominant international cotton prices remain strong.