Cotton Prices Continue To Rise In The Domestic Market

[international spot] September 28th,

China's main port quotations rose slightly, and all varieties rose 0.5 cents.

Recently, interest in textile mills has become increasingly strong after the price of cotton continues to fall.

However, the overall downturn in the downstream demand will limit the procurement volume of textile enterprises.

In addition, with the increasing supply of cotton, the price of cotton will not be reversed.

[International Futures] in September 28th, ICE futures failed to continue to rebound. Cotton prices returned to the 70 cent region as the number of companies left.

From the market situation, although the price of grain has risen sharply, the supply pressure leads to the shortage of the number of buyers and the decline of cotton price in the late stage is obvious.

At present, the oversupply of the market will continue to bring pressure on cotton prices, and cotton prices may continue to test low points.

[domestic stock]

In September 28th, domestic cotton (19510215.00,1.11%) quotas continued to rise. The national cotton price A index (CNCotton A) representing the 229 class cotton prices in the mainland was 19639 yuan / ton, up 1 yuan compared with September 27th. The national cotton price B index (CNCotton B) representing the 328 grade cotton price in the mainland was 18777 yuan / ton, up 4 yuan compared with September 27th.

[domestic futures]

In September 28th,

Opening up lower, the main contract to 19140 points after the emergence of a rally, followed by a rebound in vibration, the last attack was weak, failed to stand on the 5 day line, the market increased trading, holdings greatly reduced.

Among them, the average price of CF1211 contract was 18965 yuan, up 25 yuan; the average price of CF1301 contract was 19295 yuan, down 25 yuan; the average price of CF1305 contract was 19265 yuan, down 65 yuan; the total turnover of the market was 182652 hands, 40890 hands increased compared with the previous trading day, accumulative position 331210 hands, reducing the 5616 hand.

[international spot]

In September 28th, the price of China's main cotton imports rose slightly, and the varieties increased by 0.5 cents.

Recently, interest in textile mills has become increasingly strong after the price of cotton continues to fall.

However, the overall downturn in the downstream demand will limit the procurement volume of textile enterprises.

In addition, with the increasing supply of cotton, the price of cotton will not be reversed.

[International Futures]

In September 28th, ICE futures failed to continue to rebound, and with the number of heads off, cotton prices returned to the 70 cent region.

Judging from the market situation, although the sharp rise in grain prices has temporarily pushed cotton prices strong, supply pressure has led to a shortage of buying, and cotton prices have fallen sharply in the late stage.

At present, the oversupply of the market will continue to bring pressure on cotton prices, and cotton prices may continue to test low points.

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[domestic stock]

In September 28th, domestic cotton quotas continued to rise. The national cotton price A index (CNCotton A) representing the 229 class cotton prices in the mainland was 19639 yuan / ton, up 1 yuan compared with September 27th. The national cotton price B index (CNCotton B), representing the 328 grade cotton price in the mainland, was 18777 yuan / ton, up 4 yuan compared with September 27th.

[domestic futures]

In September 28th, Zheng cotton opened lower, and the main contract was pulled up after 19140 points. Then the oscillation rebounded, and the late attack was weak. It failed to stand on the 5 day line, and the market increased and the positions were greatly reduced.

Among them, the average price of CF1211 contract was 18965 yuan, up 25 yuan; the average price of CF1301 contract was 19295 yuan, down 25 yuan; the average price of CF1305 contract was 19265 yuan, down 65 yuan; the total turnover of the market was 182652 hands, 40890 hands increased compared with the previous trading day, accumulative position 331210 hands, reducing the 5616 hand.

[cotton information]

Cotton seed prices decline, cotton enterprises purchase cautious cotton production in the main cotton producing areas in China is mainly sunny weather. The the Yellow River River Basin and Xinjiang area have begun to scale picking. The picking speed of the Yangtze River Basin has gradually accelerated. Most of the 400 cotton enterprises have begun to buy and store the processed lint, and show that the current purchase price is relatively high. If the storage price is not high enough, the cotton seed price will be lost gradually, and cotton seed prices will gradually decline, so cotton enterprises will be more rational and cautious when they buy them.

Xinye, Henan: there are few grade 3 cotton and slow progress in acquisition.

As of this week, most of the cotton fields in Xinye, Henan have been picked up. The cotton growers reflect that the growth of cotton is poor this year. Some cotton fields have premature aging. If the weather is fine and rainy in the late autumn, the peach yield will increase, and the yield of seed cotton can reach more than 350 Jin, which is 100 Jin left right / mu compared with the previous years.

In September 26th, the purchase price of local 3 grade seed cotton was 4.50 yuan / jin (about 40%), the quantity was very small, cotton enterprises basically had no cotton to be able to receive; the 4 grade seed cotton purchase price was about 4.20 yuan / kg (about 15% water), and the daily purchasing amount of cotton enterprises was about 40 thousand kg, less than that of the same period last year.

At present, cotton processing is mostly for storage, plus

The sales of enterprises are sluggish, and the spot prices are steady.

In September 26th, the 3 class real estate cotton quotation was around 18500 yuan / ton, basically no goods; the 4 level quoted price was 18100 yuan / ton, and a few enterprises were ready to pay for storage.