Cotton Policy Rules Issued Market Sideways Finishing

Domestic: Xinjiang target price rules, 60% through the area 40% through the seed cotton sale volume, the enterprise needs warehousing inspection and the previous market expectations are basically the same, but the state explicitly stated not to interfere in the market price, so that the so-called bottom of the expected destruction, cotton city bearish sentiment warming again, at present Xinjiang cotton low scale scale, individual white cotton pre-sale price lower than the mainland cotton price, under this impact, the expected period will be faced with a drop in risk.

ICE cotton has rebounded due to bad weather in the main producing areas of the United States. The import cotton market is still warm. Although the market supply vacuum period is conducive to the import of cotton market, the demand of cotton spinning enterprises has not changed substantially, and the short-term market has been keeping up with the trend of buying and buying, focusing on the price positioning of new cotton.

The new cotton production scale in the domestic cotton production area has been picking up in Tianjin. The local type 400 and 200 type cotton ginning plants have begun to purchase, and the new seed cotton is priced at 3.4 yuan / jin (lint 39%, water 23%), which is flat compared with that of the previous day. The local cotton ginning mill's three grade lint factory price is 15500 yuan / ton (big bag, gross weight, and ticket), and the weakly three grade lint factory is quoted at 15000 yuan tons (small packet, gross weight, and ticket).18, the local factory price of the cottonseed seed is 1.05 yuan / Jin (oil 12%, water 12%), and the market is in a wait-and-see state.

Hebei Xingtai Weixian County area cotton has been picking, due to market rumors, Wei Qiao bought lint price at 15000 yuan / ton, 18 local ginning factory to buy the price down, the price of new seed cotton to the factory price is 3.6 yuan / jin (lint 39%, moisture 17-18% or so), compared with the previous day, the ginning factory three level.

The factory quoted price is 15600 yuan / ton (big bag, gross weight, no ticket), the new cotton seed output price is 1.19 yuan / jin (water 16%). In Xiajin, Shandong, the new cotton seed mill at the local ginning factory is priced at 3.6 yuan / jin (39% of lint, 17% of water), and the three cotton linen factory price of the ginning factory is 15800 yuan / ton (big bag, gross weight and no ticket). The new cotton seed of the local ginning factory in Hebei Cangzhou Dongguang area is priced at 3.6 yuan / jin (the score is 39%, the water is 17% or so).

Hubei Huanggang Wuxue area local ginning plant new seed cotton to the factory price of 3.2 yuan / jin (38% lint, 15% moisture).

New cotton seeds from local ginning plants in Turpan, Xinjiang

At 3.5 yuan / jin (lint 40%, moisture 15%). The policy announced that Xinjiang seed cotton purchase price showed a downward trend, the domestic rainwater weather has been tied down, the 18 seed cotton purchase price basically stabilized, but the market acquisition is basically cautious, and the core price of seed cotton purchase price is still expected to fall.

at present

Direct subsidy rules issued, mainland subsidies way has not yet had a clear idea, but the state explicitly stated not to interfere in the market price, so that the so-called bottom of the expected destruction, cotton market bearish atmosphere, will make the cotton futures short lead, at present, Xinjiang seed cotton prices fall, the mainland new cotton although there is a deal, but need to guard against the risk of seed cotton price drop.

The words of a family are for reference only.