Cotton Stage Resources Are Tight To Support Cotton Market

Here world Clothing and shoes Xiaobian network to introduce the phased resources are tight support for the cotton market.

Overnight, the external market rose sharply, maintaining an overall range of shocks; Zheng cotton opened up today, the afternoon after shocks rose, turnover increased, holdings changed little.

international market Recently, the price of S-6 in India has dropped by about 69.8 cents per pound. According to local media, India's state-owned Cotton Corp will start buying cotton seeds in MSP next week. It is reported that CCI plans to buy 85-119 tons of cotton lint in 2014/15.

In the domestic market, the purchase price of seed cotton and the price of cotton lint have been rising in the recent domestic market. First, the storage of cotton stored by the spinning enterprises at the end of August has been gradually consumed, but the quota is small, the cotton price is high, and the raw material inventory of textile enterprises is relatively low; two, cotton farmers are reluctant to sell, and seed cotton has not been listed on the market; three, the number of start-up enterprises has increased; the acquisition has limited competition for good resources; four, the mainland has no subsidies, cotton farmers are reluctant to sell, enterprises are cautious, and textile enterprises favor Xinjiang cotton. In addition, Xinjiang cotton collar subsidies should be warehousing and outgoing, which will lengthen the delivery time of downstream enterprises. Therefore, the tight basic stage resources will have certain support for the market. On the general trend, the government has made direct subsidies in the new year, but the quota management has not yet been relaxed. It has clearly indicated that the enterprises should be guided to use domestic cotton.

Today, Zheng cotton has gone up and down, and has broken through the finishing line after the shock of the hourly line. Due to the stabilization of the fundamentals, the external market has been stable, the futures discount has been improved, and the technological structure has also improved. rebound The material will continue to focus on the integer gate pressure.