Before And After The Spring Festival, Weak And Stable Operation, Throwing The New Deal, Causing The Cotton Price To Fall Sharply.

In the 1-3 month, the domestic cotton market took the lead of the "policy cotton market" in the past year. The overall market price was in the interval between the new cotton purchase and storage price and the selling price of the national cotton and cotton sale. The only way to sell the cotton processing enterprises is the new cotton storage. The cotton shopping channels of cotton textile enterprises are mainly sold by national cotton stores, supplemented by the import cotton and Xinjiang cotton from the ports to supplement the demand of high-grade cotton.

Cotton textile enterprises basically take the principle of "spot demand and a small amount of auction" to participate in the sale of state-owned cotton stores. In March, the market of cotton gauze has been shrouded in the end of the purchase and storage of new cotton. The policy of "direct subsidy to cotton" and the selling policy of national cotton selling are not clear. Rumors, speculation, confusion, expectation and stalemate are in a dull atmosphere, which makes the market of flowers, yarns and cloth with weaker selling price weaker and weaker.

In March 24th, online disclosure was implemented in China since April 1st. New policy of throwing and storing After the news, the market of the domestic gauze Market showed a weak trend of decline, even becoming the first "cliff style" decline in the cotton market. In 1-3 months, spot cotton prices under the "resource balance" and "State Cotton sale price" of the sale price "balance", in the 19380-19540 yuan / ton interval slightly consolidation, and few transactions.

The price does not reflect the real value of cotton in the market. 1-3 month statistics: China's cotton price index CCindex3128B accumulated a slight decrease of 128 yuan / ton, a decrease of 0.66%. In March 31st, it ran at 19406 yuan per ton / ton price, which was 1433 yuan / ton higher than that of the electronic matching 1404 contract. Zheng cotton Futures 1405 contract is 1031 yuan / ton.

April cotton The price has been affected by the new policy of throwing and storing the first "cliff clipper" decline this year, but the cotton market is still a "policy cotton market", but the operation of the market is "weighing" cotton price from the "double track system" of the two yuan price system of the original collection, dumping and storage, and becomes the "yardstick" of the price system of the national cotton store to sell the bid price of the bid price, and the price is "light", and the price is low.

After 3 years of "new cotton temporary collection and storage" policy ended in March 31st, China's cotton market began to enter the new stage of "post purchase and storage era" from April. Since the sale of state-owned cotton dumped in April 1st, the price of cotton has been cut down after the 17250 yuan / ton auction price has been lowered. Whether it is spot or futures cotton price, it is "close" to the selling price of the national cotton store.

At the same time, China's cotton price index CCindex3128B at the end of the month 17518 yuan / ton price slightly higher than the national cotton sale and sale bid price of 17250 yuan / ton. Cotton textile enterprises do not dare to stock large quantities of raw materials, so as to prevent price losses from causing unnecessary losses to enterprises. The cotton inventory of cotton textile enterprises is reduced from 1 months to 20-25 days. In April, China's cotton price index CCindex3128B dropped by 1888 yuan / ton, a decrease of 9.73%. At the end of the month, it ran at 17518 yuan / ton price.