Shihezi Builds The Largest Textile Industrial Base In Western China

Shihezi makes great efforts to build the largest cotton in central and Western China

Supplement:

In recent days, cotton prices have continued to rise. On the 26 day, China's cotton price index (CC Index328) reached 20644 yuan / ton, an increase of 408 yuan / ton compared with 25 days, reaching a new high of ten years. Cotton prices continued to rise, which caused great pressure on textile enterprises with cotton as raw material.

Industry analysts believe that the imbalance between supply and demand and speculation are the main reasons for the rise in cotton prices.

Anonymous analysts believe that cotton prices exceed 20 thousand yuan / ton is inevitable, at present, the country's purchase price has reached 20300 yuan, so cotton at 18000 yuan will be directly limit.

However, the trend of cotton prices has not deviated from the fundamentals. The imbalance between supply and demand has led to higher prices and speculation is normal.

Yuan Renqing, an analyst with Baocheng futures, believes that besides the imbalance between supply and demand, the speculation of hot money is also an important reason for the rising of spot and futures prices of cotton.

At present, the futures market is mainly driven by the rise of electronic disk, and the spot trading is very small.

At present, the price of cotton is even higher and the upward space is completely broken.

26 morning, in order to ensure textile production demand for cotton production, the state will continue to sell 400 thousand tons of state cotton through auction.

At present, the price of cotton is crazy. Although the sale of reserve cotton can play a role in stabilizing prices, because of the excessive supply gap of cotton in China, the selling of cotton in China has little effect.

Yuan Renqing thinks that throwing a store in a sense is a bad check. A portion of the deposit can be used to stir up the price.

The soaring cotton prices have greatly reduced the profit margins of cotton textile enterprises.

"These days, the price of cotton yarn has just exceeded 30 thousand, and the weaving piece is hard to bear."

Yuan Renqing said.

For the future market, Yuan Ren Qing believes that cotton prices may be difficult to suppress in the short term. Some measures may be introduced at the National Cotton Conference in the morning of October, and the policy effect may appear after mid October.