巴西棉花交易在拍卖后显得谨慎

 

Following auctions Brazilian cotton trade turns cautious

Following the first Pepro (Equalization Premium Paid to the Producer and/or Cooperative) auction which took place on September 25, stakeholders in the Brazilian cotton market are acting carefully in signing new trades.
Brazilian cotton sellers expect that, due to government support, prices might be stable or register increases. Purchasers on the other hand are refraining from committing new purchases due to high supply this season and global price drops and are awaiting further cotton price declines.
The CEPEA/ESALQ Index for cotton type 41-4 closed at 1.6716 BRL or USD 0.6822 per pound on September 30, dropping 2.51% in September. It is important to highlight that many agents still complain about the low quality of the product from this crop, CEPEA said.
In the Pepro auction, 498,000 tons or 99.4% of the 501,000 tons available in the auction was traded. São Paulo has not purchased the 3,000 tons offered by the government, which might be attributed to the fact that trades in this state are at an advanced stage, due to the early harvesting.
The International Cotton Advisory Committee’s report on September 23 indicated a global production increase in the 2014/15 season totalling to 26.22 million tons. Global stocks and consumption were revised downwards, to 21.44 million tons and 24.4 million, respectively.
In the week ending Sept 26, Cotlook A Index dropped 4.48%, when compared to the previous week ending Sept 19. In the week ending Sept 26, the dollar average picked up 2.23%.
The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged 1.4508 BRL per pound, down 2.45% compared to its previous week. (AR)

译文如下：

巴西棉花交易在拍卖后显得谨慎

在9月25号后的首次Pepro拍卖后(均分费用支付给生产者和/或合作社) ,巴西棉花市场的利益相关者在签署新交易时显得格外仔细。

巴西棉花卖家预计,由于政府的支持,棉价可能保持稳定或有所增长。另一方面购买者则对新的购买行为有所克制，这是由于本季较高的供应和全球价格的下降,他们正在等待未来棉价的进一步下跌。

9月30日，41-4型棉花的CEPEA/ESALQ指数收于每吨1.6716雷亚尔（0.6822美元），下降了2.51%。重要的是要强调，许多代理仍然抱怨该作物较低的质量,CEPEA说。

在Pepro拍卖会上，498,000吨棉花或者501,000吨的99.4%在拍卖中被交易。圣保罗没有购买政府提供的3000吨棉花可能归因于这样一个事实，由于早期的收获，使得在这种状态下的交易已进入最后阶段。

国际棉花咨询委员会9月23日的报告称,2014-2015棉季，全球产量增加共计2622万吨。全球存货和消费则有所下调,分别为2144万吨和2440万吨。

在9月26日截止的本周，考特鲁克A平均指数与9月19日结束的上周相比下跌了4.48%。本周美元平均值上涨2.23%。

由Cepea计算的出口平价巴拉那瓜港口船边交货的价格为平均每磅1.4508雷亚尔,相比前一周下降了2.45%。