Can We Keep The Minimum Purchase Price &Nbsp, And The Cotton Market Is Full Of Misgivings.

National minimum of 19800 yuan per ton cotton The purchase and storage price is becoming an important concern of the cotton textile industry. With the coming of new cotton on the market at the end of the month, the corresponding supply and storage will also be launched. But the market still has doubts about whether the state reserve can keep prices under the situation of continued downward cotton prices.

Jiangsu Dafeng, a new cotton farmer named Zhang Unginned cotton Production is full of confidence. He said that at present, the average height of the local cotton plants is 60cm to 70cm, which is lower than that of the same period last year. There are 5 branches per fruit, and 8 cotton plants have better fruit growth than the same period last year. They are 1 fewer than the same period last year. The 6 buds / plants of the bud are now 10 / plant, which are better than those of the same period last year, which are 2 or less than that of the same period last year. 1 small white flowers were on the same day last year, the same as that of the same period last year, and the overall growth rate was delayed about 10 days compared with the same period last year. Cotton growers actively strengthened field management, and fewer pests and diseases occurred in previous years. If the weather is normal in the late stage, it is estimated that the per unit yield of seed cotton can reach 460 Jin / mu to 480 Jin / mu.

Not only is Dafeng, but the growth of new flowers in other areas is also good. Not only the area is increasing, but also the yield per unit area is expected to increase. Except for a slight delay, the majority of new flower listing is normal. If there is no accident, sporadic new cotton can be seen in parts of Shanxi, Shaanxi and Henan in August 25th.

The good growth of cotton makes the market more intense. On the 4 day, the domestic cotton market continued to show weakness, and the market sold more and bought less. The asymmetry between supply and demand kept the transaction price going down. The price of standard grade lint has fallen below the 19800 yuan / ton storage price announced in the new year.

As of yesterday, Chinese cotton Price The index (CC Index328 level) reported 19716 yuan / ton, down 84 yuan; CC Index229 level 21544 yuan / ton, fell 249 yuan, CC Index527 level 17204 yuan / ton, fell 28 yuan. Zhengzhou cotton futures main force 1201 contract fell 379 yuan, closed at 20910 yuan / ton, and hit a 11 month low.

According to the China Cotton Association survey, as of now, Hebei, Henan, Shandong, Anhui and other places in the cotton warehouse store cotton is obviously more than the same period last year, and the shipping speed is very slow. In the last month of this year, there is a great contrast between the abundant resources and the gap between supply and demand in the previous period. Cotton enterprises so far have been miserable.

Textile enterprises are basically acceptable to the current price, but no one can afford to buy more in the weak market. The proportion of raw materials for chemical fiber will continue to increase with the purchase and purchase. It is also understood that due to the high expectations of support for 19800 yuan / ton, some traders began to build more orders in electronic discs recently. The market has been divided from the original unilateral bearish.

In addition, can the market store and store overseas cotton? cotton There is still great doubt. It is reported that in August 3rd, some domestic traders in Qingdao and Zhangjiagang, the United States EMOTM grade cotton bonded area spot quotation has fallen below 20000 yuan / ton, 19800 yuan / ton quotations have also appeared, but the procurement of cotton enterprises in the mainland is still not active, except for a few cotton ports outside the India cotton and West Africa cotton have a small deal, the whole is in a sluggish sales.