There Are Some Fluctuations In Volume And Paction Prices Of State-Owned Cotton Stores.

According to the reporter, since the launch of the national cotton store in May 3rd, the market has continued to be high.

In the month of May, the national cotton store kept a high turnover rate of over 97%.

By the end of May, 300 thousand tons of imported cotton had been put into operation.

Since June, all of the national cotton stores have been put into domestic cotton, while the volume and paction price of national cotton stores have shown some fluctuations, but turnover is still at a high level.

"Now domestic stock is in short supply, especially quality.

There is a limited amount of spot circulation in the hard sell price. Short term terminals continue to focus on the purchase of national cotton stores, although they are in the traditional off-season, but the high cost and limited spot resources also support the hard spot market.

As of June 21st, the accumulative total of cotton reserves totaled 925 thousand and 500 tons in 2015/2016, and 900 thousand and 200 tons of accumulated warehouses were sold, with a turnover rate of 97.27%.

Zheng Bo, an information analyst at Zhuo Chuang, said in an interview with reporters.

Zheng Bo believes that from the perspective of the auction structure, traders' auction enthusiasm has been gradually warming up, and at present, the market circulation resources are mostly in the hands of traders. Traders provide the textile enterprises with the help of dai pai, advance funds, pick up and pport, and the textile enterprises maintain normal delivery. However, problems such as insufficient cost performance, structural contradictions and slow storage are still remaining. Some textile enterprises are still in the "no rice pot" situation, which also makes some spinning enterprises buy cotton or long staple cotton outside the port.

Another hot spot in the recent market is cotton planting area and recent weather. Yang Zhijiang, general manager of Shanghai Century Boulevard, merchants futures, said that the recent high temperature and hail in Xinjiang affected the yield per unit area.

It is expected that the reduction in yield will be relatively limited, and the output will not exceed 400 thousand tons. In March 1, 2017, it will start dumping, 50 thousand tons / day, and 400 thousand tons, or about 8 days. If the current reduction is taken into account in the new year, the supply and demand pattern of the new year will not be affected. The overall supply and demand pattern of the new year is still empty.

Therefore, the weather is caused by speculation.

The height is very limited.

With the end of the import of cotton resources, the volume and paction price of national cotton stores began to fluctuate.

Analysts pointed out that before the launch of new cotton in September, under the tight market supply pattern, the national cotton reserve is still the main force to make up the market supply gap, and the State Cotton Storage will still be at a high level.

Since dumping is always a hot spot in the market, how much will be thrown aside will directly affect the supply of the market and cause the huge fluctuation of spot price.

In this regard, Gao Guoying, an analyst at new lake futures, said he did not agree. For the current main contract cotton prices should be dynamically looked at, first of all, in September, the contract price in the warehouse receipts and other topics hype, the price rise is larger.

The mainstream market price in Shandong is 12600-12800 yuan, while the 1609 contract price is about 13500 yuan. In September, the warehouse receipt was still the old warehouse receipt price. The January contract as the new year contract represents the new cotton price. That is to say, January is relatively undervalued in September, and the price is adjusted.