High Quality Cotton Quotes "Strong" Real Estate Cotton Turnover Rate Increased Substantially

The mood of selling goods, selling prices and bullish traders in the inner ginning factory and hoarding cotton business has not been affected. At the same time, the space for negotiation and negotiation is only 50-100 yuan / ton.

2016/17 high quality Xinjiang cotton resources have been monopolized by traders, and the mainland market has shown signs of tight supply. The main cotton producing area has become the "fuse" of detonating prices.

With the upper reaches of the mill, cotton traders are full of confidence, compared to the textile factory and the downstream industry chain "bottom gas" shortage.

First, the arrival of the gauze Market in the off-season, domestic and foreign trade companies, garment factories and

The continuous decline of orders, the increase of "short, flat and fast" ratio, second, the continuous decline of cotton yarn prices, coupled with the rise of raw materials such as cotton, the cotton mill's "back to the enemy", the sharp shrinkage of profits; third, the impact of tightening money and credit on the cotton textile and downstream industries is becoming more and more prominent. Credit, accounts and acceptance are very popular. The tight liquidity makes the enterprises cautious and cautious. Some small and medium-sized mills and cloth factories are facing the risk of capital chain breakage. Fourth, the sharp fall of ICE to the internal market and spot impact.

Recently, with the ICE main contract breaking down from 87.18 cents / pound to 79 cents / pound, the spot quotation of bonded, spot and forward cotton fell sharply. Considering that there are still 35-40 tons of import quotas ready for use by the end of April, domestic cotton mills and traders will not miss the "spot price" opportunity.

China's reserve cotton management company plans to sell 149 thousand and 800 tons of cotton reserves in the past eleventh weeks, and the actual turnover is 125 thousand and 100 tons, with a turnover rate of 83.54%, of which 66 thousand and 500 tons of Xinjiang cotton and 58 thousand and 600 tons of real cotton are traded. From the paction price, the average price of the paction is 15134 yuan / ton, down by 3 yuan / ton compared with the previous week, and the average price of the paction is reduced to 3128 yuan (3128) price of 16259 yuan / ton, which is down by 88 yuan / ton compared with the previous week. The average price of the new cotton reserve is 149 thousand and 800 yuan / ton.

Zhou,

The auction rate has been greatly improved, while the price of zhengmian futures has dropped sharply, but the spot market price is still strong. According to the national cotton market monitoring system data, the average price of cotton price B index (CNCotton B) on behalf of the 3128B grade cotton price in the mainland is 15996 yuan / ton, up 19 yuan / ton compared with the previous week.

When the weather was fine in the southern part of Xinjiang and cotton grew well in the week, cotton growth retarded in Northern Xinjiang under low temperature and rainy weather. Cotton seedlings grew well in the Yangtze River Valley and the Yellow River Valley, and cotton farmers strengthened management to prevent pests and diseases.

When the cotton yarn market overall weakened, the price continued to show a downward trend.

Market participants have been looking up the spot market, traders plan to increase the auction of cotton reserves in recent years, but the textile enterprises reflect that because of the low consumption of downstream market, they can only adopt the strategy of "buying and selling with their products".

Still hard to find.

The ICE futures contract returned to its original level after a crazy rise.

It is understood that last week's December 2017 contract did not adjust with the overall volatility of the futures market, mainly due to the expected cotton inventory in China next year except for China or will be at a high level, and in the second half of 2017, there may be a decline in cotton prices.

According to the latest data released by the US Department of agriculture, cotton inventories are also increasing except for China, and cotton prices may fall to a lower level in the second half of the year.

As shown in the figure below, the December contract's volatility is not large, and it even exceeds 10 cents in recent months.

In the spot market, cotton prices were very unstable due to the sharp fluctuations in the price of ICE futures. The price in May 22nd dropped by 2.5-4 cents / pound, slightly below the level of four weeks ago.

Among them, the price of ICE futures has stimulated the soaring prices of cotton in India and Pakistan, while China's cotton prices have remained stable.

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