Jinzhou Dragon Bay New Area &Nbsp; 2 Million 400 Thousand Tons Of Differential Fiber Project Started

The 2 million 400 thousand tons differential fiber project in Longxi bay new area is the largest industrial investment Jinzhou has introduced in recent years.

Supplement:

It is already the era of high cotton prices. From August to November alone, the domestic cotton price has been running from 18 thousand yuan / ton to over 30 thousand yuan / ton.

High cotton price Era

Because of climate reasons, cotton production and quality have dropped both this year and the demand is thirsty.

In August, cotton prices in China's domestic market remained at more than 18 thousand yuan per ton. In November 9th, China's cotton price index (CCIndex328) was still 28891 yuan / ton, and the average price of 429 cotton to plant was 28183 yuan / ton. In November 10th, China's cotton price index (CCIndex 328) broke 3 million yuan to 30861 yuan / ton, up 975 yuan, and 429 cotton to factory average price reached 30182 yuan / ton, up by 1000 yuan.

The highest price of processing plants in Shandong and Hebei is 7.3-7.4 yuan / kg, compared with the 3.5 yuan / kg purchase price doubled during the same period last year, and cotton farmers still sell.

At present, the state is increasing the supply of new cotton and the amount of imported cotton.

Liu Qing, an analyst at Xinhu futures, pointed out that most of the Xinjiang cotton shipped at present is in the hands of traders. The callback effect on cotton prices is not obvious, while the imported American cotton will only arrive in India after December. When the imported cotton in India is estimated to arrive at 15 after November 1st, some cotton exporters in India have repeatedly failed to increase their cotton prices. Therefore, it is still uncertain whether the cotton imports can be successfully imported.

Whether Xinjiang cotton and imported cotton can solve the strong domestic demand will be the key to the callback of cotton in the future.

Cotton concussion callback

In November 11th, Zheng cotton futures almost all line down, of which the main contract 1105 contract sharply lower 31900 yuan / ton, then fell to the limit, continued yesterday's downward trend.

Liu Qing pointed out that the main reasons for the decline of Zheng cotton futures were mainly in two aspects: first, the impact of the fall of 10 cotton futures in November; two, the influence of national policy regulation on investment funds, making the bears occupy a dominant position.

She pointed out that, before China's strong cotton demand and sustained buying, ICE's cotton futures rose for eight consecutive days.

Prior to November 8th, all cotton contracts for the ICE period were all closed. In November 9th, the ICE cotton market closed at two degrees.

By November 10th, by the impact of Zheng cotton futures' closing line and the withdrawal of speculative capital, the ICE cotton fell sharply after the record high, of which the ICE cotton contract in December closed down 5.58 cents, closing at 1.4565 U.S. dollars / pound.