Cotton Prices Vary Widely, Yarn Continues To Decline.

Vertical cotton planting areas in the mainland, Shandong, Hebei and other places compared to last night's opening scale for about a month.

At the present stage, the cotton market in the mainland has a price free market pattern. It is very likely that the cotton will be sold centrally, resulting in a lower price of cotton.

At present, it is reported that the price of the 3128 class of Xinjiang cotton producing area in Akesu is 14500 yuan / ton, and the pre-sale price to the mainland is 15000-15500 yuan / ton.

According to industry analysis, this is only a phased rise; however, under the influence of high inventory, the future of cotton price is not optimistic. Although the cotton price has rebounded slightly under the stage shortage, it is difficult to form a growth trend.

Recently, the yarn market is still maintaining its early decline.

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The market price is more chaotic, and low price yarn occupies a lot of market.

Most spinning enterprises are quietly adjusting their prices according to their own conditions to speed up shipment.

Pure cotton yarn market is still in the stage of flagging, bulk shipment, low turnover.

C40S single yarn sells for 24500-25500 yuan / ton.

Polyester cotton yarn is relatively active, and the quantity of polyester cotton yarn is balanced.

T65/C35 45S

The price is 18800-19300 yuan / ton.

Viscose staple fiber prices rose slightly this week, but the amount of increase did not reach the stage that could affect the price of yarns, so viscose yarn prices remained at a pre level level.

The mainstream price of R30S is around 16000 yuan.

Spinning enterprises are struggling to keep up with the surging trend. The industry analysis shows that the greater pressure of spinning enterprises will be in the late October to November, the market is unfathomable, and every cotton textile enterprise has not many reserves at present, so it can only resist the present.

New flowers bloom in November

Textile enterprises have been in a large period of stocking and stocking. If prices can not be bottomed out, they will be faced with the choice of stocking quantity. It is also a test of every enterprise's insight into the future market, which means greater risks and at the same time involve enough cash to pick cotton.

In the early stage, there are few enterprises that do not lose, and the problem of capital chain breaking has become an important factor affecting the development of many enterprises.

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This year, China launched a pilot reform of cotton target price in Xinjiang, abolished the cotton purchase and storage policy which has been implemented for three years, and accelerated the marketization of cotton prices.

Zhang Fan, director general of Zhengshang merchants, said that the core and essential effect released by the cotton target price reform experiment is that the market mechanism will play a decisive role in the price formation.

The futures market is an important part of the market system. The pilot reform of target price has made many positive changes in the cotton futures market.

From 1 to September this year, the number of enterprises involved in cotton business increased by more than 40% compared with the same period last year, and the risk aversion demand of enterprises increased significantly. The number of corporate clients involved in cotton futures trading increased by 78% over the same period last year, much higher than the 27% increase in the number of natural clients involved in the paction.

The legal person accounts for nearly 100 thousand hands per day, an increase of 84% over the same period, and the trend of cotton futures and spot prices converge. The price difference between China and the United States has obviously narrowed, from the highest to more than 6000 yuan per ton, narrowing to about 2000 yuan at present, and the discovery function of cotton futures price has gradually been restored.

According to the participants, carrying out the pilot project of cotton target price reform can not only effectively protect the interests of the broad masses of cotton producers, but also help reduce the cost of cotton textile enterprises, and help to restore the competitiveness of China's cotton textile industry in the international market.

In the process of cotton target price reform, the market environment of cotton processing and circulation enterprises has undergone significant changes. The role of cotton futures market is becoming more and more important. We should actively explore innovative ways of cotton futures market, and give full play to the role of futures market in the formation of cotton market price, so as to maintain market stability and promote the healthy development of China's cotton industry.

Zhang Fan said that Zheng merchants will immediately modify the Zhengzhou commodity exchange futures delivery rules and the Zhengzhou commodity exchange standard warehouse receipt management method, and complete the work of establishing a cotton pfer intermediate repository in Xinjiang as soon as possible.

At the same time, on the basis of active preparation and simulation operation, we should further improve the implementation plan and strive to launch agricultural product options as early as possible.

We will strive to promote R & D of cotton yarn, strive for listing pactions within the year, and improve the cotton industry chain product system to meet the needs of cotton related enterprises.

We will continue to strengthen the training of futures knowledge in cotton enterprises, strengthen publicity and promotion of typical cases, and guide more enterprises to avoid risks in the cotton futures market and achieve stable operation.

We should conscientiously strengthen the supervision of the cotton futures market, intensify the investigation and handling of illegal and abnormal pactions, and ensure the normal functioning of the cotton futures market.