棉价概况（Overview of cotton）.docVIP

棉价概况（Overview of cotton） This week, cotton sales situation is still no improvement, in order to reduce the pressure on the stock, mills continue to cut prices; the yarn market overall downturn in the market down, polyester staple fiber prices keep declining. May 6th, 32 cotton combed yarn quote 35050 yuan / ton, compared with last week fell 350 yuan / ton, down 0.99%; polyester staple fiber quoted 13470 yuan / ton, down 180 yuan / ton, or 1.32%. Looking ahead, the international cotton prices will remain under pressure. International economic growth is worrying, the U.S. Department of labor released data show that in the week ended April 30th, the number of initial claims for unemployment benefits rose to 474 thousand, the highest level since August last year, had already announced a number of weak economic data; in May 5th, the European Central Bank announced interest rates unchanged at 1.25%, and that rates would be postponed to July, the British central bank announced interest rates remain at 0.5% level, the dollar rebounded sharply, commodity futures was the collective selling; cotton procurement demand continues to slump, April 22~ 28, 2010/2011 annual U.S. cotton net export contract amount is -1474 tons, the annual U.S. cotton contract continued is canceled concerns about U.S. cotton exports difficult to meet the USDA expectations. Inside and outside environment will bring greater pressure to the international cotton prices, or the market will remain weak. Recently, the Mississippi River flood and drought in Texas worrying, new flower sales situation is still good, or bring some support for the latter part of the market. Domestic cotton prices will remain weak. The peoples Bank of China 3 released a quarterly report of 2011, implementation of monetary policy China pointed out that the current growth rate and employment are at a reasonable level, price stability and manage inflation expectations is the key to maintain the necessary control efforts, according to