Cotton Review Today: Introduction Of Cotton Spot Market

It fell slightly.

Overnight, the US cotton trade was slack, the market narrowed, and the US cotton fell slightly. The contract in March was 72.52, down 10 points.

As of 26 days, there were 50012 packages registered and 5698 packages to be inspected.

Northern Xinjiang stock pressure is large, warehousing slow.

As of November 26th, Xinjiang, Kuitun and other places entered the late stage of picking and selling, and the process of acquisition and processing slowed down.

The local storage and storage gradually became full, the processing enterprises failed to hand over the stock in time, the inventory pressure was high, and the self marketing part was basically zero, all depend on the storage.

It is understood that late processing enterprises auction success rate of only 20%.

In addition, some warehouses are slow in storage. Due to the gradual cold of the weather, the moisture regain of lint cotton is very large, resulting in a decline in quality, which directly affects the interests of enterprises.

Cotton farmers are reluctant to sell.

Anhui Chizhou cotton seed picking 80%, but cotton farmers reluctant to sell, some cotton farmers have not sold a catty.

As cottonseed prices rebounded, enterprises raised the purchase price of seed cotton.

On the 27 day, the purchase price of local 4 seed cotton was 4.2 yuan / jin (38% of lint, 11% of moisture, 1.3% of impurities), 3 level 4.3 yuan / Jin.

Cotton enterprises still reject grade 5 seed cotton.

The spot market is unsought after. There is no market price. First, the acquisition and processing costs of cotton enterprises are higher than spot prices, and the two is due to the protection of the savings and withdrawal of funds.

It is relatively difficult for the factory to withdraw funds.

Local spot quotation is stable, 3 level 19200 yuan / ton (delivery, net weight, with tickets), 4 level 18700 yuan / ton, 5 level 16500 yuan / ton.

The market is light and the capital turnover is tight.

Shandong Heze 400 enterprises are strict in quality, while the price gap between seed cotton and cotton farmers is relatively large.

At present, the acquisition price of the 200 type small plant is 3.7-4.0 yuan / jin (36% of the lint percentage, 11% of moisture regain).

The spot price is lower than the reserve price, and the cotton enterprises are the main ones. The downstream demand is not good, so the spot business is light.

On the 27 day, the local 3 level seed cotton mainstream purchase quotation 4.0-4.2 yuan / jin (lint 37%, moisture 11%); 4 level quoted price 3.9-4.0 yuan / jin (lint 36%, water 11%), and the day before yesterday is equal.

The 328 grade lint cost is 20000-20100 yuan / ton, 428 class 19700 yuan / ton, 427 level 19350 yuan / ton, the storage profit is 200-300 yuan / ton, the enterprise stock is many, the capital turnover is intense.

Cotton yarn remained weak.

The overall cotton yarn market is weak and sales are not good. The price of conventional yarn keeps going down, and there is no shortage of cheap yarn. Tight spinning is still available, and the price of long staple cotton is not up.

A large textile enterprise in Heze, Shandong has a stable price of cotton yarn, combing 32S price of 29000 yuan / ton, 40S price of 30000 yuan / ton, and the market is deserted.

A medium-sized textile company in Weifang is eligible for shipment of cotton yarn, combing 21S for 30200 yuan / ton, ring spinning and high count knitted yarn 3S 28000 yuan / ton, and gas spinning 10S price 19000 yuan / ton.

Storage and storage of 3 million 260 thousand tons.

On the 26 day, it planned to close and store 119620 tons, with a turnover of 51750 tons, with a turnover ratio of 43.3%.

Among them, the Xinjiang storage point plans to close and store 24000 tons, 24000 tons, and 100% of the paction. The mainland warehouse plans to store 95620 tons, 27750 tons, and 29%.

Storage and storage totaled 3258750 tons, and Xinjiang totaled 1798320 tons. The total turnover in the mainland was 986590 tons, and the total number of backbone enterprises totaled 473840 tons.

Zheng cotton fell.

On the 28 day, the stock market plummeted.

Zheng cotton 01 contract concussion shock, did not break yesterday's high point; 05 contract low open shock, intraday expansion decline.

The turnover was light and the position increased slightly.

Match up slightly.

Zhengmian 1301 closed at 19850, rose 20 points, 1305 contracts closed at 19205, rose 10 points.

The total turnover was 49 thousand hands on the same day, 15 thousand and 200 fewer than the previous trading day, and 2960 hands in 309 thousand positions.

As of November 28th, the difference between the 05 and 01 contracts reached -690 yuan / ton, and the 27 day was -635 yuan / ton.

On the 28 day, the difference between futures and aggregate prices was narrowed, currently at 695 yuan / ton, and 27 yuan at 746 yuan / ton.

As of November 28th, the number of warehouse receipts was 554 (22160 tons), 8 less than the previous day, and 8 effective forecasts, the first increase in warehouse receipts since June 20th.

The success rate of auction is low, the speed of warehousing is slow, and enterprises are facing financial pressure.

At the same time, Xinjiang cotton pportation difficulties will further increase the storage capacity of the territory.

The mainland is reluctant to sell because of cotton farmers, and the enterprises strictly control the quality and purchase.

Progress is relatively slow.

Recently, cotton vice rebounding has provided room for enterprises to raise the purchase price.

Recently, the demand for replenishment of textile enterprises has increased, and the spot price has been rising steadily, which has formed a certain support for the futures in recent months. The contract of the far month contract is weak; the 05 contract is weak and concussion near the 19000 integer pass, and the market has strong support in this position in the past few months.