Topic Of International Cotton Market: Textile Enterprises Should Buy Cotton At The Bottom As They Want.

American cotton Market: according to the latest statistics of USDA, the harvest progress was 77%, and the harvest rate was 77% in the same period last year, and 84% in 5 years. The overall harvest rate was slow in November 27th.

On the export side, the net signing volume of upland cotton increased from last week. The latest data show that when Zhou Meiguojing signed the contract for exporting 2016/17 cotton to 45881 tons and shipped 29778 tons, the volume decreased from last week to last week, and all the recent exports were weak, of which China signed a net contract of 5103 tons of 2016/17 cotton in the 2016/17 year.

From the following statistical tables, the volume of contracted products has reached 62% of the total export volume in November 24th, exceeding 54% of the same period last year. In the new year, US cotton sales started better. In the later stage, we will continue to pay close attention to whether exports can continue to be strong.

India Cotton City: cotton prices rebounded in India this month. The price of S-6 cotton ginning factory was 39250 rupees / candi (about 73.05 cents / pound), and cotton prices rebounded at the end of 11 by the India monetary policy.

The US Department of agriculture's latest foreign agricultural service report shows that the total output of cotton in India will increase to 5 million 882 thousand tons this year, and the planting area will be adjusted to 157 million 500 thousand mu (10 million 500 thousand hectares), and the consumption of textile enterprises will remain unchanged because of the increase in cotton production in northern India.

In addition, India's export volume of cotton is estimated at 850 thousand tons this year.

The report shows that

The total amount of cotton purchased from India and China's two traditional markets has decreased. Bangladesh's purchase volume is also relatively limited. Cotton exports in India in 8 and September fell to the lowest level in 2012 this year.

According to India local media (HinduBusinessline), Pakistan's "vague ban" on India cotton will not have a significant impact on its exports.

India exporters said that Vietnam, Indonesia and other Asian markets and Brazil were very concerned about India cotton. The export shipment of cotton in India in 2016/17 could still be between 93.5-102 million tons.

Domestic cotton Market: entering the November, new cotton continues to be listed in large quantities, and the output of new cotton is expected to be between 420-450 tons. It is estimated that the new cotton will be sold in March of 17.

Within 1 million tons, the domestic cotton market will be as tense as before May.

The CCindex index (3128B) continued to strengthen this month, rising 641 yuan / ton in January.

Conclusion: from the international point of view, the US agricultural report is negative, the supply and demand level is facing the pressure of cotton, and the pressure on the new cotton market in the northern hemisphere is still relatively large. However, India's monetary policy has temporarily caused problems in India's domestic cotton supply, making the international cotton resistance to fall. From the domestic point of view, 16 years, the state owned container pport went smoothly, the inventory was more successful, the new year's Treasury sales ratio dropped by 41 percentage points to 135%, and the fundamentals further improved.

And the NDRC also announced.

The policy of wheel storage has caused a certain impact on the market, and the price of cotton yarn has increased in November, and the demand for downstream has increased. At the same time, the Corps has increased the sales guidance price, but the cost support is obvious. Under the background of strong commodity atmosphere and devaluation of RMB, the main shock of Zheng cotton's later stage is strong.

Looking back this month, India cotton prices rebounded and the overall export of US cotton was good.

ICE3 US cotton contract reached a maximum of 72.75 cents / pound, the lowest to 68.3 cents / pound, and finally closed at 71.54 cents / 3.20%, or 3.20%.

On the domestic side, under the situation of strong stock and textile demand, Zheng cotton showed a strong trend of volatility, especially in November 11th.

As of the close of November 30th, Zheng cotton 1701 contract fell 570 yuan / ton in January, or 3.73%.

For more information, please pay attention to the world clothing shoes and hats net report.