Today Cotton Comment: South Xinjiang Spot Light, Xinjiang Cotton Pportation Difficulties

US cotton rose slightly.

The outlook for us financial negotiations was optimistic. Overnight, the US cotton rose slightly, trading light, and 72.63 cents in March, up 11 points.

Market waiting for USDA

Report to verify requirements.

US stocks closed higher on Wednesday.

Politicians are optimistic about Washington's financial negotiations, and there are signs that the Federal Reserve will continue to buy bonds next year to boost the US stock market's recovery of the former market.

China Cotton Association expects total output of 6 million 950 thousand tons.

According to the October survey conducted by the China Cotton Association, it is estimated that the total output of cotton in China will be 6 million 955 thousand tons, a decrease of 4.4% over the same period last year.

By the end of October, the average pickup rate of cotton growers in China was 87%, an increase of 7.8 percentage points over the same period.

The average sales progress of the national cotton growers (the ratio of sales to production) was 60.1%, an increase of 10.7 percentage points over the same period of the same period, of which Xinjiang was the fastest seller because of its large reserves and the slow progress in the the Yellow River basin.

The spot market is light, and the turnover of commodity cotton turnover is not increasing or decreasing.

The cotton association of China has monitored the total turnover of commodity cotton turnover around 513 thousand tons as of the end of October, down 8.4%, down 17.8% from the same period last year.

Southern Xinjiang is light, and Xinjiang cotton is difficult to pport.

In the southern Xinjiang, Akesu cotton seed to factory price fell to less than 2 yuan / kg, the processing plant's delivery price dropped to 1.95-1.96 yuan / kg.

But oil companies and traders believe that cottonseed oil and cottonseed meal have downside risks, so purchase cotton seeds carefully.

On the 28 day, the gross weight pickup price of lint cotton at grade three in Akesu and Bachu in Xinjiang was 20100-20300 yuan / ton (including tickets, which could not be stored). The price of two grade cotton wool was 20400-20500 yuan / ton, compared with the increase of 100-200 yuan / ton in early November. The main body of inquiry and purchase was some civilian cotton manufacturers and a few inland traders in Sichuan, Henan, Hebei, Shandong and so on. There were very few enterprises purchasing lint cotton in Xinjiang, mainly because of the high spot price quotation of Xinjiang cotton, and the small cotton mills could not bear it.

The sale of cotton growers is positive, and the end of the year is expected to end.

A person in charge of a storehouse in Zhijiang, Hubei, said this week.

Storage will usher in the two peak.

Cotton growers are actively selling, and seed cotton acquisitions are expected to be concluded by the end of December.

The companies that came to the store came from Songzi, Tianmen, Zhongxiang and Zhijiang.

Cotton enterprises reflect that this year's State purchasing and storage requirements are strict, and the lint produced by the new flower purchased in September is hard to reach the three grade standard, and the quality of seed cotton has further declined in the middle and later stages.

A cotton enterprise official said that the cotton length 28mm accounted for about 60% this year, and the percentage of B2 was more than half. Now the seed cotton processing has been over 60%, and it is expected to be completed in late December.

The acquisition market is deserted and resource outflows.

As the weather turns cold, the acquisition market in Chizhou, Anhui is cold. Due to the sluggish purchasing funds of cotton enterprises, the cotton sales of cotton can not be recovered in time, leading to the outflow of local seed cotton resources.

29, the local 4 seed cotton purchase price 4.15-4.24 yuan / jin (lint 38..5%, moisture 11%, impurity 1.3%), 3 level in 4.24-4.30 yuan / Jin, 5 class rejected.

But the cottonseed market is hot, the price rises, and the deal is magnified.

As of November 29th, cottonseed price quoted at 1.14 yuan / Jin, up 0.02 yuan / Jin yesterday, up 0.06 yuan / Jin compared with last week.

Storage and storage of 3 million 350 thousand tons.

On the 28 day, 116680 tons were planned for storage and storage, and 47980 tons were traded. The turnover rate was 41.1%, an increase of 490 tons compared with the previous day.

Within the territory, the planned acquisition and storage of 24000 tons amounted to 23200 tons, and the inland Treasury planned to receive 92680 tons, with a turnover of 24780 tons.

Storage and storage totaled 3354220 tons, of which 1845520 tons were accumulated in Xinjiang and 1034860 tons in the mainland. The total turnover of backbone enterprises totaled 473840 tons.

Cotton yarn remained weak, traders cautious operation.

The whole cotton yarn market is dull and warm, and some manufacturers have a lot of stock in stock. Traders are careful to operate, no longer sell on credit, the lower rate of start-up is low, yarn demand is reduced, and prices are lower overall.

The price of airstream spinning cotton yarn in a factory in Shandong has slipped slightly, with a range of 200 yuan / ton. Now the air spinning 21S is reported at 20000 yuan / ton, and 32S is reported at 26600 yuan / ton, and the shipment is still acceptable.

Nantong Hongda office some merchants cotton yarn quoted price down 100-200 yuan, now 40S jet price 27800-28000 yuan / ton, grey cloth low price dumping more, downstream procurement slightly increased.

The price of grey cloth is stable and weak, the price of individual specifications is reduced slightly, the general demand of downstream is general, the shipment of manufacturers is flat, the start-up is reduced, and the overall inventory pressure is small.

Zheng cotton remained weak.

On the 29 day, Zheng cotton 01 contracts were strong and volatile, closing at the dead line and holding down positions; 05, the contract opened and explored, temporarily supported by 19080, and all day weak shocks, closing below the moving average, the daily line was in the concussion interval since November 5th; the hourly line broke the 19100 pass and then went back to the Yin line, and the short-term pattern weakened.

Match up slightly.

Zhengmian 1301 closed at 19855, rose 20 points, 1305 contracts closed at 19095, down 40 points.

The total turnover was 57 thousand and 400 hands on that day, an increase of 16 thousand hands compared with the previous trading day, and an increase of 2726 hands in 312 thousand positions.

As of November 29th, the difference between the 05 and 01 contracts reached -750 yuan / ton, and the 28 day was -690 yuan / ton.

On the 29 day, the difference between futures and aggregate prices was narrowed, currently at 669 yuan / ton, and 28 yuan at 695 yuan / ton.

By November 29th, the number of warehouse receipts was 551 (22040 tons), 3 less than the previous day, and 9 effective forecasts, 1 more than yesterday.

Picking in succession has been over, but cotton farmers in some areas are reluctant to sell, and the sale is slow. The storage and storage in the territory are slower and the repayment time is longer. The enterprises are facing financial pressure, while the Xinjiang cotton pportation is also very slow, adding storage capacity pressure.

The lint is stable, but the turnover is light. The enterprises have limited bearing on the high priced real estate cotton, and the difference between the inside and outside cotton prices is huge. With the cotton coming to Hong Kong in succession, the real estate cotton has no advantage.

recently

The warehouse receipt forecast has increased.

As there is no news in the near future, the market is strong at the integer gate, and the weak pattern will continue.