Cotton Trend Is Strong, Average Price Rises Slightly

Recently, on the market cottonseed The purchase price is still stable, and the purchase volume is decreasing. Only a small number of enterprises are still insisting on the slow sales of the products. Because of the instability of the periphery, wait-and-see sentiment has been strengthened, while the price of cotton oil and meal has shown more resilience, which is supported by scarce supply. The cotton lint is still weak and stable, and the demand is not ideal.

The main port four class soybean oil and 24 degree palm oil quotations continued to warm up, or around 50 yuan, and the 43% soybean meal quotations remained stable. The main contract of electronic soybean oil and palm oil were all slightly lower, and then rose to the vicinity of yesterday's average price. After noon, the average price rose slightly, and the main contract of soybean meal was still low. The stability of external oils and fats, the stabilization of meal type, and the confidence of operators of cottonseed oil and meal have a certain supporting role.

Recently, after the opening of the main contract of Zheng cotton, the price of the viscose staple increased slightly, and the average price rose slightly. Viscose staple prices continued to rise. The recent performance of the peripheral products is acceptable, especially for the downstream products. Cotton lint Market formation is good, demand is waiting for recovery. Cotton shell has been better in recent years, and the demand for mushrooms has improved.

Recently, the price of three grade or warehouse receipt cotton in the new warehouse of the mainland warehouse was maintained at 19000-19200 yuan / ton, and the two grade cotton price was slightly higher than the three grade cotton price by 200-300 yuan / ton. As the price representing the spot price matched the stable performance of the contract in recent months, the mood of the cotton spot traders did not change with the decline of ICE and Zheng period. There is a big gap between the warehouse and the warehouse receipts.

Several warehouses in Henan, Shandong and other parts of the northern part of Xinjiang did not check the gross weight of the three grade cotton, but the transaction price was only 19300-19400 yuan / ton, and the turnover was not large. Some inland Cotton mill It is said that because of the relatively low level of inspection of the grade and impurity in the public inspection line within the 2011/12, there was a lot of discrepancy in the weight of the original public inspection sheet after the transfer of the original public inspection. The grade is not consistent and the impurity is too large. Therefore, most of the purchases are now required for reinspection or gross weight.

It is understood that as of the end of July, there were not many cotton factories and cotton mills in Xinjiang, which had contracted for cotton ginning mills in the past two years. The cost of lint processing was maintained at 1 tons 1000-1300 yuan / ton, and the difficulty of the rise was relatively large. The enthusiasm of cotton factories in Jiangsu and Zhejiang and other places declined. At present, the proportion of maintenance equipment in the ginning plants in Akesu, Kashi, Bachu and other places in the southern Xinjiang, and the proportion of factories in the basic factory maintenance area were not high. Moreover, due to more rainfall in the past more than 20 days, although the temperature was relatively high, the lighting time was shorter than in previous years.

Because of the national standard grade cotton 20400 yuan / ton storage and purchase price in 2012/13, it has already been announced and opened up and stored. Therefore, the cotton storage enterprises are not willing to reduce the sale of commodity cotton in the 2011/12 year. It is considered that the new cotton grade three is 20400 yuan / ton in 9 and October. Then the three grade cotton will be at least 19500 yuan / ton, and the price is appropriate, so that it can be delivered directly to the warehouse. Some enterprises are worried that some cotton areas in southern Xinjiang will reproduce the phenomenon of rush harvest and price increase in 2011/12, resulting in the cost of lint cotton higher than 20400 yuan / ton.