China's Cotton Market In May Is The Largest In The International Cotton Market.

< p > May < a > cotton > /a > market. Compared with the weather, it seems to be a late season. It has not felt hot to people. The spread of bad momentum makes it difficult for the market to maintain a temporary calm. The mood of hesitation and wait-and-see is hard to resist the inertia of decline. The road of the weak cotton market is destined to be rough and tortuous. < /p >
In May, the international cotton market was full of emotional contradictions and entanglements, which led to the market oscillation and fall. The US USDA report on the negative prediction of the reduction of cotton exports, increasing production and income, and raising the stock market made the market cloudy. There was no worry about the shortage of supply and stock shortage. The support for the short term dry weather was also alleviated by timely rainfall. Cotton futures in the ICE show a high level of diving in a month. The main contract in July failed to break through at the high point of 94 cents / lb and began to slow down, accelerating at the end of the month, until the beginning of the low position of 84 cents / lb was convergent. In December, the first month, due to the more factors such as the increase of China's import quota and the drought of the weather, the performance was relatively strong, at 80 cents / pound, at the end of the month, driven by the market downturn, it did not think fast and fell to 77 cents / lbs. < /p >
< p > the spot market is affected by futures, but it generally has a downward trend. However, the drop has eased a lot. There are worries about resource shortage in the market. The support price has been strong, and the CotlookA index representing the spot price has slowed down to 90 cents / pound from the beginning of the month. The actual transaction price of the market has stabilized in 95 months. The inhibitory effect of high price of cotton on the market demand is more obvious. The export of US cotton is in a continuous downturn, and the market demand from China, South Asia and Turkey is not strong. At the end of the month, the increase in China's import quotas, coupled with the lower market prices, led to a big rebound in US cotton exports, but it did not explain the effective improvement of market demand. In the context of China's import and export of cotton market and its low price, the cold trading situation lasted for a long time. At the end of this month, with the release of the new quasi tax quota, the market price dropped sharply in the long stalemate. The M price index of the imported cotton fell from 98 cents per pound at the beginning of the month to 90 cents / pound at the end of the month. The fall in the price also provided enterprises with the opportunity to purchase imported cotton, especially imported high-grade cotton, Australian cotton and West African cotton. < /p >
< p > international market, the speculation about resource supply tightness and inventory is rising one after another, stirring up the ups and downs of the market. As for the long and weak cotton market, it is the frustrations and twists and turns in the breakthrough. More eyes and considerations come from China's huge cotton inventory and changeable cotton policy, and China is the biggest variable of the international cotton market. < /p >
Since P, May, China's cotton market has been fading away from the earlier a > cotton policy < /a >. The industry has been restless and quiet, and the market has fluctuating from the waves to the calm. After the policy turmoil, Zheng cotton futures market has gradually become rational. The separation of the weak and far from the previous policy has gradually been bridged. The electronic matching market is hard to get rid of the embarrassing situation under the attack of throwing the store and increasing the quota. It has been a long time to get rid of the awkward situation. The transaction and order maintenance level is relatively low. The transaction focuses on 7, 8 and September. The average price slips to 16400 yuan / ton at the end of the month, and 10 yuan in November and 15800~15500 yuan per ton in November. < /p >
< p > since the cotton spot market has been dumping and storing prices, the inertia of price decline has not stopped. The sporadic spot trading in the market is dominated by low grade resources, and cotton traders have no confidence in the market outlook. Market cotton traders are still concentrated in the selling of cotton reserves. This month's dumping and storage situation is not very satisfactory. Volume, price and proportion continue to decrease. As of 29 June this year, a total of 6 million 160 thousand tons of plans were put into operation. The actual turnover was 1 million 750 thousand tons, with a turnover ratio of about 28%. As the main body of the transaction, the average price of the new national standard dropped to 17000 yuan / ton, and the highest price was only 17800 yuan / ton. The reason should be related to the textile industry's slump, the shortage of funds, the low quality of resources, the slow time of dumping and storage, the sliding of quasi tax quotas and the anticipation of falling market prices. < /p >
< p > > a > Cotton Industry Development Summit < /a > news, the downstream textile market product orders are insufficient, mostly 20 days short list, and the price reduction behavior is universal, the conditions are also more stringent, sales of finished products such as cotton yarn and cotton cloth are slow, the inventory pressure of finished products is increased again, the enterprise funds are difficult to return, and the market price trend has not yet stabilized. Textile enterprises are facing unprecedented difficulties and challenges. Fortunately, the price reduction of cotton is larger than that of cotton yarn, and the profit margins of enterprises have been expanded. The drop in the price of cotton has also made the quota issuance at that time, which provides more options for enterprises to purchase imported cotton and reduce production costs. The import cotton yarn market has changed with the decline of cotton prices, and the market has begun to recover. Profit driven dealers have increased the volume of imported cotton yarn, and the impact on domestic cotton yarn and cotton can not be ignored. < /p >
This month's cotton market is dull and powerless, the sluggish demand and the gap between policies become the main reason. The delay of the new deal in the future will make the market's destination uncertain and unreachable. But at least now there seems to be a consensus that the continuous decline of the market price has a common view, which is in line with market expectations, and will continue to be p. < /p >