The Lint Exchange Side Is In A Stalemate And There Are Still A Few Stocks In The Spinning Industry.

At present, the market is stable as a result of

There is still a small amount of stock, and the market stalemate is still in the short term, and cotton prices are still stable.

The overall situation of domestic cotton production reduction has been determined. Recently, the ICE cotton market has a downward trend recently.

Generally speaking, there is no major turning point in the domestic cotton market in the short term. The short term cotton futures price is expected to be dominated by a narrow range of shocks.

In November 2nd, domestic cotton prices rose slightly, at present level 3128B.

The price was 15300-15470 yuan / ton, up 3.53% from the beginning of last month.

On the same day, Zheng cotton 1701 contract fell, closing at 14920 yuan / ton in November 2nd, compared with the previous month's settlement price of 15100 yuan / ton, down 1.19%.

In November 1st, because of the good harvest conditions in the United States, speculators broke their positions, and the cotton contract in December fell 0.96% to 68.2 cents per pound.

Seed cotton has been stable in recent years. Because of the higher price of pre harvest seed cotton, it has certain support for lint price, the downstream market is not strong, the price of lint cotton is restrained, and the lint trading side is in a state of confrontation. The market is stable. Zheng cotton is still at about 15000 yuan / ton.

Downstream cotton yarn market down by seed cotton prices, downstream pairs

The price rise is strong and the price shows a downward trend. According to the price monitoring of the business community, in November 2nd, the price of pure cotton yarn with 21S high quality knitted fabric was 21600-23000 yuan / ton, up 1.80% from the beginning of last month. Cotton yarn was mainly pre orders, and production and sales remained relatively stable.

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It is understood that, on the 25-31 day of October, the Zhengzhou contract was oscillating upward, and the CF1701 contract price rebounded from 14730 yuan / ton to 15450 yuan / ton. The quotation of the standard grade lint purchased by foreign trade and large trading companies ranged from 14400 yuan / ton to 15000 yuan / ton (fixed settlement), partly due to slow sales of cotton linen, a large amount of funds were occupied, and the cotton enterprises which were temporarily suspended or suspended, and some cotton ginning factories that were eager to sell their lint and continued to obtain acquisition and distribution from the loan bank, were losing sales.

A foreign businessman said that on October 30-31, the number of contracts needed to be signed was relatively large, and the shortage of manpower was enough, so the payment was slightly delayed.

A cotton enterprise in Kuitun reflects that the purchase of Xinjiang cotton by foreign businessmen and cotton merchants is mainly based on the Zhengzhou period, and the delivery is the main. The price is not divided into cotton picking or machine picking cotton, but there is a high demand for impurity content in machine picked cotton.

In November 1st, the "double 28" hand picking cotton warehouse was charged for 15500-15800 yuan per ton gross weight (warehouse cost, public inspection, etc.), and the "double 29, double 30" hand picked cotton wool price quoted 16000-16200 yuan / ton.

North Xinjiang Kuitun, Shawan and other real estate "double 29" machine picking cotton price quoted 15400-15600 yuan / ton.

Some ginning plants believe that the acquisition cost of cotton picking and picking cotton in the 2016/17 area is almost 16000-16500 yuan / ton, and there is almost no difference between the machine picked cotton and "double 29, double 30". The quality is better than that of the southern Xinjiang hand picking cotton, which is more suitable for spinning C40S and above count cotton yarn. If the ginning factory controls the impurities and foreign fibers, the price is even higher than that of hand picking cotton.

The difference between picking and picking cotton at the end of October is about 200-300 yuan / ton.