Analysis Of Domestic Cotton Prices In November 8Th

< p > at present, the textile factory has an inquiry price for the shipment of cotton in the first quarter of next year, but the purchasing intention is not strong.

Now let's know the details with the fashion designer of the world clothing and shoe net.

There are mainly spot market, < a href= "http://sjfzxm.com/news/index_s.asp" > national cotton trading market < /a > futures market, Zheng cotton, international cotton index and other aspects related to domestic cotton market.

Look at it!

< /p >

In November 8th, the national cotton price A index (CNCotton A) was 20384 yuan (per ton, the same below) and the B index (CNCotton B) was 19590 yuan (P).

8, the domestic cotton price runs smoothly.

Before the implementation of the domestic dumping and storage policy, < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > factory will not rush to place a forward contract, it will be difficult to stimulate the port cotton price to rise substantially, while the domestic cotton spot price is also not supported by long-term favorable factors. The progress of storage and purchase is slow, volume is low, storage and profit is low, the total annual storage capacity may be reduced, which brings pressure to the futures market and the matching market.

< /p >

< p > > a href= "http://sjfzxm.com/news/index_s.asp" > the national cotton trading market < /a >: in November 8th, the average price of MA1311 was 19991 yuan, unchanged from the previous trading day; the average price of MA1312 was 19620 yuan, unchanged; MA1401 closed at 19590 yuan, the average price was 19588 yuan, down 2 yuan; the total turnover 40560 tons, reduced 9580 tons; the total order quantity was 17940 tons, reducing 280 tons.

In November 8th, the company continued to be weak. The price of contracts fell at a low price in each month. The total volume of the contract fell and the total volume fell sharply, and the order volume decreased.

From basic observation, the sales of cotton yarn in textile enterprises are still not strong. Although the stock of lint cotton is decreasing, the production and production enterprises are increasing, and the procurement of lint is not enough. The spot market is light, which restricts the matching market.

In addition, a new round of market speculation is about to start, but has not yet been confirmed by the relevant departments.

< /p >

P > ZHENG cotton, in November 8th, Zheng cotton CF405 contract opening price 18550 yuan, the highest price of 18650 yuan, the lowest price 18540 yuan, the closing price of 18645 yuan, the settlement price 18610 yuan, 40 yuan; CF311 contract closing price 20195 yuan, the settlement price 20195 yuan, 200 yuan; total turnover 12098 hands, accumulative warehouse 95030 hands, reduce 1970 hands.

Speculation has become the focus of recent market attention. It is estimated that the price will be 18000 yuan / ton, which will make the price of cotton again under pressure and the cotton price will be further explored.

International market, ICE cotton: November 7th, December contract opening price 77.10 (cents / pound, the same below), the highest price 77.74, the lowest price 76.22, settlement price 76.76, fell 31 points, 32390 hands, reduce 8170 hands.

Registered inventory of 175750 packs, an increase of 3750 packages.

In November 7th, although the US cotton exports reached nearly 70 thousand tons last week, traders were cautious before the USDA monthly report. In addition, the US dollar strengthened and commodity futures generally declined. ICE cotton sped up some of the previous day's gains.

At present, the market expects the USDA monthly report to be bad news, and the rumors of China's dumping also raise the psychological pressure on the market.

< /p >

< p > spot price: November 8th, < a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > international cotton index < /a > (SM) 90.23 (cents / pound, the same below), down 40 points, discount general trade port delivery price 15079 yuan / ton (calculated by sliding tax, exchange rate according to Bank of China's middle price), international cotton index (M) 87.18, down 41 points, discount general trade port delivery price 14756 yuan / ton.

In November 8th, the price of imported cotton in China's main port fell slightly, and the varieties did not fall more than 0.5 cents.

At present, the textile factory has an inquiry price for the shipment of cotton in the first quarter of next year, but the purchasing intention is not strong.

The report released by the US Department of agriculture after a month of separation is striking. The market thinks that global supply pressure will continue to increase, and China's data is temporarily unclear because of unclear policy.

Analysts said that before the dust settled in China's policy, the textile enterprises would maintain a wait-and-see attitude and there would be no large-scale procurement.

< /p >