600 Thousand Tons Of National Cotton Auction Market Continues To Heat Up
Recently, 600 thousand tons of national cotton auction market continued to heat up. In August 30th -9 3 weeks, the planned reserves of 75 thousand tons were planned for the week. The average paction price was 18017 yuan / ton, up 306 yuan / ton compared with last week, or 1.7%, and the standard grade cotton price was 18414 yuan / ton, up 306 yuan / ton last week, or 1.7%.
As of September 3rd, the total volume of dumping and storage totaled 275 thousand tons, grade 3.72, with an average length of 28.35 millimetres, and 45.8% of the total plan. The average paction price was 17853 yuan / ton, and the standard grade cotton price was 18183 yuan / ton, which was higher than the average price of the standard grade cotton in the same period in the same period of 75 yuan / ton.
Domestic cotton prices rose slightly.
September 3rd, representing the average price of standard grade cotton in the mainland.
Cotton price
B index of 18080 yuan / ton, compared with last week rose 3 yuan / ton.
Zhengzhou cotton futures contract settlement price of 18525 yuan / ton in September, up 160 yuan / ton compared with last week, or 0.9%.
Beijing's national cotton trading market electronic matching pactions in September the average contract price of 18692 yuan / ton, compared with last week rose 39 yuan / ton, or 0.2%; Hefei national cotton trading center electronic matching paction September contract settlement price 18040 yuan / ton, compared with last week rose 30 yuan / ton, or 0.2%.
Entering the first week of cotton new year (September 2010 -2011 August)
Domestic cotton market
Stable and strong, spot prices rise from falling to higher.
The reasons are as follows: first, the price of cotton continues to rise, driving the price of domestic electronic discs to rise, and domestic cotton producers are optimistic about the market outlook and confidence. Secondly, affected by early rainy weather, some cotton areas in Shandong are seriously affected, and the purchase price of cotton seed cotton is expected to increase, even as high as 5 yuan / kg; in addition, the textile market has become warmer.
With the arrival of the traditional "golden nine silver ten" peak season in textile industry, enterprises in Shandong, Jiangsu, Hubei and other provinces reflect that orders for clothing in the autumn and winter have increased, yarn and cloth prices have stabilized and sales have improved.
However, at present, cotton picking in main cotton producing areas in China has been started gradually, and the time of weighing is getting closer.
If the weather is normal, domestic cotton prices will remain stable and strong in the short term.
In terms of international cotton prices, the US dollar index weakened slightly.
commodity price
The upward trend, coupled with the lack of basic cotton production needs, and the international cotton prices continue to rise.
However, it is worth noting that the continued rise in cotton prices during the ICE period led to a higher pressure on profit taking, and the local cotton prices fell somewhat in the wake of the Pakistan floods, which did not rule out the possibility of a high international cotton price falling in the short term.
In September 3rd, the ICE cotton futures contract settlement price in October was 90.95 cents / pound, up 1.92 cents / pound compared with last week, or 2.2%, while the December contract settlement price was 89.45 cents / pound, up 3.38 cents / pound compared with last week, or 3.9%; the international cotton index (M grade), representing the average price of the Chinese main port on the import cotton, was 100.28 cents / pound, up 3.56 cents / pound from last week, or 3.7%.
According to the 1% tariff, the discount price is 17551 yuan / ton (at 6.7973 exchange rate), which is lower than the domestic market 529 yuan / ton, the price difference narrowed 599 yuan / ton last week. According to the sliding tax, the discount price to the factory price is 17951 yuan / ton, which is lower than the domestic market 129 yuan / ton, and the price difference narrowed 593 yuan / ton last week.
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