swtor power leveling 000 tons. If excluding China - VEI

Global supply and demand of cotton loose cotton Zheng rally continues During the Spring Festival, the dollar rose for callback, commodity markets overall atmosphere on the high side, but the American cotton price trend is weak. After Mr Cheng not under the influence of American cotton cotton, followed by domestic commodity usher "good start", 1205 contracts created this rally once again high 21,560 Yuan/ton. Short term upward trend of cotton Cheng is still good, but with the price rising,Outside the cotton price differences widening, after continued upward pressure will highlight the more, I believe that Mr CHENG rallied hard cotton continues. Global cotton supply and demand easing, according to United States Department of agriculture latest forecasts, the new year is expected to produce is greater than the required 2.63 million tons of cotton in the world, significantly higher than the previous year of 400,000 tons. If excluding China, the rest of the world's cotton production is greater than the demand will be closer to 4 millionTons, that is a new annual global cotton supply and demand a clear easing State. Despite the latest China cotton Association is expected to say, 10.5% domestic cotton acreage could decline this year, but before mid-March, the national cotton shouchu plan will be published in 2012. Taking into account the indirect pulling grain purchase prices rose this year, did not rule out 2012 cotton collectionStorage prices also appear to rise. Will upgrade or change in the price of cotton farmers growing willingness, coupled with a glut of the previous year, cotton growing area reduced booster effect on cotton prices are expected to be limited. Economic growth weighed on demand before and after the Chinese new year the World Bank and International Monetary Fund slashed this year and next, respectively Chinese economic growth is expected, the main reason is that the EU is expected to be reduced toImports of Chinese goods. While the European Union as a major export of Chinese textile clothing, the economic situation of poor tera gold, will directly drag down China's cotton consumption. Despite the domestic textile and garment exports rose to 22.8% last year, but growth was lower than average for ten years. Which the 25-nation bloc, United States, and Japan three largest export market share swtor power leveling, basicDecrease of 1%-3%. As far as the situation at the moment, lower domestic demand remained weak, Government shouchu propped up the market "half day", let go of the cotton price in the crisis. But, because cotton prices are low, even if the price band tax adjustment of quotas, imports of foreign cotton remained profitable in the future. Currently outside the cotton price advantages more obvious, inside and outside the cotton price differences remain at 1500 Yuan/ton, textileEnterprises imported you can later change hands to sell directly to the State reserve. Inspired by the high profits, after importing cotton will continue to be a lot to Hong Kong the old republic commendation power leveling, so as to discourage domestic cotton prices. Stock rate decreased markedly since 08 the gauze domestic production and sales, downstream of textile enterprise procurement initiative difficult to upgrade. According to the national cotton market monitoring system with the latest survey, the currentDomestic gauze production rate of only 92.5%, fell by 0.9% than a near three-year average fell three, even lower than the level during the financial crisis of 2008. While grey fabric sale rate even worse, only 81.3%, representing a nearly three-year average of 97.6% fell cent. Because of declining production rate per aPercentage points to direct response on the social stock. Inventory of current domestic grey fabric than a near three-year average of 25 days, the highest since 08 Consumer terminal will damp cotton prices upward in the upper high inventory. Macro view, despite more positive news in the short term, but the actual consumption from States, demand was generally in a weak State. New year's domestic textileWeaving export situation is grim, inside and outside the cotton price difference is too large, cost factors will lead directly to loss of competitiveness of Chinese exports cotton. Combined with the pattern of production and demand easing, and terminal shall govern the cotton price up-space also high inventory, I believe that the late cotton prices rallied hard long.