The Long Staple Cotton Market In China Has A Strong Wait-And-See Sentiment.

Recently, a market personage in Awati County of Xinjiang has shown that the local cotton ginning factory's 137 grade long pile cotton wool reproduces the factory to quote 26700 yuan / ton, and the individual manufacturer quotes 27000 yuan / ton, up 100-150 yuan / ton compared with January 1st. The price of grade 237 and grade 336 rose by 100 yuan / ton, and the quotations were 26000 yuan / ton and 25200 yuan / ton respectively. Speaking of the reasons for the rise of the quotation, the personage said, first, in 2014, the output of long staple cotton in Awati county came to light. According to the cotton farmers, the planting area of long staple cotton in Awati county was 560 thousand mu in this year, the yield per unit seed was 200 kg / mu, and the yield of lint cotton was 200 x 32%=64 kg / mu. As a result, the total output of long staple cotton in Awati County of Xinjiang is 64 x 56 1000=3.584 million tons this year. The area of long staple cotton in Awati County accounts for 70% of the total area of the country. Therefore, the production of long staple cotton in this year is only 3.584 70%=5.12 million tons.

"At the beginning of October 2014, the market estimated that the output of long staple cotton was 65 thousand tons this year, the result is much lower than the previous estimate, and the market is looking at the rising tide." Shandong A cotton trader in Dongying said that not only did some manufacturers in Xinjiang increase the price of long staple cotton slightly, even the cotton producers in the mainland Long-staple cotton Price is also "strictly guard against death". In January 6, 2015, Shandong, Qingdao, Ji'nan and other places warehouse new quarter long staple cotton out of stock price in 27200-28000 yuan / ton, all with 5 day is equal. Before the new year's day, some cotton merchants and ginning factories often give the downstream buyers 100-150 yuan / ton of negotiation space in actual transactions, and the recent transaction basically "bite dead" prices, showing the market's confidence in the price of long staple cotton.

Give Way market The reasons for the growth of confidence in long staple cotton are as follows:

First, the fine cotton velvet cotton bottomed out is expected to be stronger. Recently, the price of Xinjiang fine wool cotton platform 3128 is stable at 13700-14000 yuan / ton, and the machine picked cotton is basically stable at 13000 yuan / ton line. The price of the 31 grade real estate cotton in the mainland is also stable between 12800-13000 yuan / ton. In addition, there is no change in the price of raw materials purchased by a large group in Shandong, of which 3128 grade lint comes to the factory price of 13000 yuan / ton, and the 4128 level to the factory price is 12500 yuan / ton, the 1228 level to the factory price 12900 yuan / ton, the general cash settlement.

Second, narrow range oscillations in futures. In January 5th, Zheng cotton's CF1501 contract closed 12925 yuan / ton in recent months, and the main CF1505 contract closed at 13030 yuan / ton. At the beginning of the new year, although Zheng cotton had a big jump, it still did not deviate from the 12500-13500 yuan / ton Interval Oscillation market.

Third, at the end of the year, the number of spinning enterprises is increasing. According to some textile enterprises in Ji Lu and Jiangsu and Zhejiang provinces, the inventory of raw materials in recent years is generally low, especially in Xinjiang cotton, American cotton, cotton and long staple cotton stocks. Most of them are scarce. First, resources are scarce, especially cotton and cotton in the United States are hard to see good quality resources. Two, there are insufficient reserves of long staple cotton in the early stage. Recently, there are already many difficulties. Many enterprises intend to order long staple cotton before the Spring Festival.

Fourth, imports of long staple cotton prices remain high. China restricts import quotas, while the price of American Pima cotton and Egypt's gzha cotton is high in the hands of large cotton traders in port logistics area, of which 2 grade Pima cotton sells at 28500 yuan / ton line, 29000 yuan per ton, and it forms support for Xinjiang long staple cotton.

In 2015, how many uplink opportunities were there for long staple cotton? The market believed that long staple cotton had recently been down resistant, indicating that this year's fall was unlikely. Because of the general reduction in domestic cotton production in 2014/15, although the state reserves inventory was supported, the quality was indeed worrying. In the future, high quality cotton flowers, especially long staple cotton "Luoyang paper" are likely to emerge. In short, long staple cotton can be expected in the future.