The Fall In Cotton Purchase Price Weakens The Cost Support Effect.

The target price policy of domestic cotton market was formally implemented in 2014/2015, and the principle of marketization was adopted in the acquisition of new cotton. Judging from the acquisition of seed cotton this year, the acquisition began in mid September last year, and reached the end of December. Unginned cotton The average purchase price is basically 2.88-3.51 yuan / Jin, and mainly concentrated below 3 yuan / Jin, converted to 328 grade cotton price is 12520-12950 yuan / ton. This year's overall purchase price is significantly lower than last year, the lowest point in nearly 5 years.

　　 policy Sexual factors support the formation of cotton prices. Although domestic cotton The market is faced with various pressures and difficulties, but the information disclosed from the policy is positive and positive. That is to say, from the attitude of management, it is not expected that cotton prices will continue to fall too much.

First of all, the new year will strictly control the import policy, which will alleviate the pressure of market supply. Under the influence of this policy, the market predicts that domestic cotton imports will fall to around 1 million 500 thousand tons in 2014/2015, basically making up the gap between domestic supply and demand. Secondly, at the beginning of 2015, the domestic export tax rebate rate was increased. This policy will enhance the boom of the textile market and support its upstream cotton consumption.

In addition, the suspension of the reserve policy also has a supportive effect on cotton prices. Since the domestic cotton stocks of 3/4 are state reserve stocks, as long as the state stores stop auctioning reserve cotton, they will not have a big impact on the market. In the normal annual supply and demand, there is still a certain gap in the domestic cotton market. Therefore, the time and mode of the late national reserve will greatly affect the market.

Overall, the current domestic cotton prices are still in the process of bottoming out, and under the influence of relevant policies, the downlink space is not large. But before the appearance of the bottoms, there will be no blind bottom hunting. The occurrence of the price shifting from the bear to the bull will come from the real transformation of the supply and demand side.

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Affected by the fall of upstream raw materials, confidence collapse, slicing quotations fell to 5800-5900 yuan / ton, polyester factory factory price again lowered, traders selling price fell by 300-400 yuan / ton, falling constantly, no bulk trading, individual business vehicle organization source quickly distributed to downstream business households, downstream start-up rate greatly reduced, polyester daily turnover volume of about 100 tons, low price goods constantly appear, some polyester manufacturers preferential sales promotion continued, market traders cautious psychology, recently busy collecting debts.

Cotton prices basically maintained, but the transaction is still low, the price of most cotton varieties has dropped slightly, the bulk of the shipment is scattered, some of the demand for combed low price yarn, the price of regular combed yarn is low, the demand for slender combed yarn is low, the import yarn market is slightly stable, the demand has not increased, and the port has ample supply. According to the volume of purchase, it can be moderately favorable. Polyester staple fiber market fell, pure polyester yarn, polyester cotton yarn prices have slipped, polyester cotton coarse yarn part of the bulk trade. Viscose staple fiber market is gloomy, human cotton yarn price is loose, polyester viscose yarn prices also fall. The local combed cotton yarn 32S, 40s, and air spinning all cotton yarn 21s occupy the mainstream of the transaction.