Last Week, 67900 Tons Of Commodity Cotton Were Traded In The National Cotton Trading Market

In the current week, 67900 tons of commodity cotton were traded in the national cotton trading market, with a daily average of 13580 tons. The daily average of 28923 tons was contracted the previous week. As of October 12, the cumulative order quantity was 18240 tons, 4360 tons more than the previous one. As of October 14, China's cotton price index (CCIndex) 3128 was 19524 yuan/ton.

The commodity cotton trade of the week had the following characteristics: First, the turnover was shrinking, and the overall turnover of the week was low. MA1401 and MA1402 contracts were the main contracts, and the other contracts were very light. 2、 The order quantity increased, but the overall order quantity was still small. The order quantity of each contract increased in the week, among which the order quantity of MA1311, MA14041 and MA1402 increased by 1020 tons, 2160 tons and 1980 tons respectively, and the other contracts changed slightly. At present, MA1310 orders only 1060 tons and MA1401 orders 10700 tons in recent months, which is the main order contract.

Domestic market: recently, the volume of stock collection and storage has gradually increased, and the transaction rate has risen. According to the response of enterprises that have successfully delivered and stored, this year's public inspection is relatively strict. On the other hand, the quality of seed cotton in many parts of the mainland this year is not very good, and the color and length are relatively poor. Under the plan of mainly delivering and storing, enterprises are more cautious in purchasing, mainly purchasing seed cotton with good quality, which also leads to the fact that the domestic lint cotton market is basically old cotton. In Xinjiang, the purchase price of seed cotton is too high, resulting in a small profit margin for delivery and storage, which makes enterprises cautious in purchasing and not dare to collect in large quantities; Recently, many enterprises have received the notice of increasing the processing trade quota in the early stage, and the expected market volume is about 280000 tons. On the other hand, with the consumption of enterprise inventory, many enterprises have the need to replenish the inventory, and many enterprises with quotas have recently started to buy the spot goods or the spot goods for the scheduled shipping date. They are afraid that the available spot goods will not be enough in the future, which will lead to the use of quotas before the year. This has led to a very good recent transaction at the port and a fast shipment speed. International market: After Hurricane Karen in the United States, the weather is generally good in the near future, and the picking of new flowers continues and is accelerated. The main production areas in central and southern India experienced early rainfall, and the weather improved for some time. However, recently, from the perspective of weather, they began to experience rain weather again, which has become a foregone conclusion for the delay of the acquisition progress. However, it is impossible to assess the possible impact on the output at present.

As of October 14, 198643 tons of cotton had been traded in the national cotton trading market, 23725 tons less than the previous week; Among them, 831 tons of cotton have been inspected, a decrease of 124 tons; 128 tons of cotton were declared for public inspection, an increase of 43 tons.