Zheng Cotton Prices Will Maintain A Trend Of Concussion

The development and Reform Commission once again stressed that the start date of the sale period of the cotton reserves was the reminder sales function for the upstream cotton enterprises in March 6th. Recently, the sales progress of the cotton enterprises has been quickening up, and the sales progress of most cotton enterprises has reached 3-4. The sales progress of the Corps is much faster than that of the local enterprises.

In recent years, cotton has been at a high level, and the cumulative decline has been 5.87% since November 22nd.

Analysts pointed out that the textile enterprises stocking, pportation and other factors are downplayed, continue to support the lack of kinetic energy, the domestic stage of supply and demand loose pattern, the market upward momentum is insufficient.

Yesterday, the 1705 contract of Zheng cotton futures contract fell 100 yuan / ton or 0.63%, closing at 15705 yuan / ton and holding 319 thousand positions.

"In the middle of November, all the textile enterprises in the early stage of the auction had few national cotton stores.

The cotton market was once promoted.

Coupled with the tight pport capacity in Xinjiang, the spot price index has continued to rise.

Wang Yuhong said.

According to calculation, as of September 30th, the number of industrial inventories of textile enterprises in the whole country is 710 thousand tons, and the number of days used is 34 days, which is also up to the beginning of November.

The speaking rights of traders who have grasps the resources are further increased.

The market has begun to recede in recent years.

In December 9th, the spot price of 3128 yuan was 15869 yuan / ton, compared with the end of November, it fell by 100 yuan / ton.

Compared with futures prices, Xinjiang cotton spot price is lower than the anti price, the adjustment range is only 100-150 yuan / ton, the "double 29" hand picked cotton platform pick up price 15900 yuan / ton, the 3128B class price 15600-15700 yuan / ton, the northern Xinjiang "double 29" cotton picking supervision bank quoted 15500-15700 yuan / ton.

The near future

The demand for railway and road pportation is increasing.

The reason is, Wang Yuhong said, on the one hand, there are not many stocks left in the early stage of spinning enterprises, and the amount of replenishment is large. On the other hand, with the delivery of 1701 contracts approaching, cotton enterprises' hedging warehouse receipts are catching up.

But pportation is not enough. The price of railway pportation is rising and the capacity is tight.

There is also a shortage of steam pportation. On the one hand, logistics providers are more inclined to fruit pport with larger profit margins. On the other hand, the cost of freight pportation is higher than that of the railway by 300 yuan, which makes it difficult for enterprises to bear.

In addition, in September this year, "the most stringent overloading order" in history has been strictly enforced since the publication of the "vehicle restriction".

But in the past 2 months, the output of Xinjiang cotton has decreased by 6 over the same period.

The degree is easing, and braking is not enough in this respect.

Since mid November, the volume of pport has picked up. In November, 12-18, the volume of steam increased by 34%, while the ratio of weekly ring increased by 22% on the 19-25 day.

"In November, the pport situation of the cotton pported to the country improved slightly, and the output of the cotton reached 350 thousand tons, of which the volume of steam pportation improved, but the train wagons remained tense, and the total volume of pportation was less than 500 thousand tons in the same period last year.

Considering the high cost of early rush to harvest cotton enterprises this year, and the large scale of local spinning in Xinjiang this year, Xinjiang cotton can reduce the volume of mainland textile enterprises, but most of the sales of new cotton enterprises are still in progress, so it is expected that the new Xinjiang flower sales price will not drop too much later.

Liu Qiannan said.

Liu Qiannan believes that the spot price of 15500 yuan / ton near cost supporting role is strong, but at present, the effective warehouse receipt volume is increasing every day, and has a certain pressure on the disk. Therefore, it is expected that short-term cotton prices will maintain a concussion trend, pay attention to the speed of effective warehouse receipt volume converted into warehouse receipts, and pay close attention to whether the funds are tight in the near future.

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