Cotton Or Cotton Companies In Pition

Enterprises, cotton and linen companies have sent people to Xinjiang, focusing on the southern Xinjiang hand picked cotton (horse value A, B) and the northern Xinjiang Group's cotton picking machine (grade 3128). Because of the cash flow of many small and medium-sized cotton textile enterprises in the mainland, the cash flow is very tight, and nearly 100% of the cash flow from the ginning mills of Xinjiang is cash in stock, and the pick-up from the cotton and linen company and other middlemen can generally pay for the credit and acceptance bills. Therefore, the mainland textile enterprises have put forward the quality and grade requirements, and the cotton flower management enterprises have shipped the factory directly from the internal supervision warehouse to the factory without removing the cost of warehousing, warehousing, insurance, etc. it is understood that since March, Shandong, Hebei, Henan, Jiangsu and other places of cotton business.

By the Corps of machine picked cotton 300-500 yuan / ton price rumors rumors, recently some large and medium-sized

To start the inquiry and to buy the cotton, a factory orders 10 thousand tons a time.

Several cotton enterprises in Akesu have said that due to the very few ports in high-grade cotton and Australian cotton, the shipment of cotton on the west coast of the United States will take at least 2-3 months to recover. Therefore, in the 3-4 month when the US cotton arrived at the port, Xinjiang cotton will have the opportunity to sell, but the return of bank loans in proportion to the end of March is a great challenge for cotton processing enterprises.

March 8 / 9 mainland

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"Low turnover" market, Jiangsu, Henan, Shandong and other places in the southern Xinjiang hand picked 2128 (2129), 3128 (3129) level of Mao Mao reclaimed price stable at 14200-14500 yuan / ton, 13900-14200 yuan / ton, individual cotton with a low proportion of dirty cotton or 3128 grade low cotton price quotations lower than 13500 yuan / ton, the actual paction price is generally lower than the quoted price 200-300 yuan / ton, the industry believes that once the regiment's cotton picking price reduction rumors have been confirmed, Xinjiang cotton spot overall offer will be adjusted slightly downward again.

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On Monday, the US dollar remained strong, while the US cotton exports weakened. The Chinese regiment lowered prices to promote cotton and further suppressed the market's popularity. Multiple factors made ICE cotton continue to fall and trigger a stop loss. The May contract fell 0.72 cents to 62.25 cents / pound.

However, at present, the US cotton has completed the USDA forecast of 93.6% of the export volume and 40% of the shipment. The cancellation of some orders in China does not affect the overall situation. At the same time, the registered cotton stocks in the ICE period are only 9948 packages, which will restrict the strength of the bears. And the key factor affecting the international cotton price is India's cotton price. In the above market situation, ICE cotton does not have a big drop in leading cotton prices in India. It may be prudent to put down the ICE cotton price and pay close attention to the strong support position of the 60 cent / pound contract in May.

Technically, on Monday ICE cotton continued to decline. The main contract in May was closed below the short-term average, while the short-term average line turned downward and traversed the medium-term average, forming a short alignment trend. The KD and MACD indexes continued to fall short, the MACD index green column growth, and the downtrend will continue. In May, the contract will challenge the strong support position of 60 cents / pound integer, and keep the short term thinking unchanged.

It is understood that the sales price of the Xinjiang platform of the regiment has been reduced to 13200 yuan / ton at the 3128B level, and the maximum price of more than thirty thousand tons can be reduced to 12900 yuan / ton. The final paction price is reduced by 300-600 yuan / ton compared with the 13500 yuan / ton before the Spring Festival, which means that the sales volume of the regiment has basically been confirmed. The sales progress of the regiment must reach 50% before May. The future market will be faced with the selling pressure brought about by the selling of cotton by the Xinjiang army. The spot cotton price may be under pressure.

Although there has been a slight upward trend in the price of cotton yarn and grey cloth in the near future, but the overall demand is low, cotton prices in India remain stable, but as time goes on, India is bound to face sales pressure. Its cotton price and yarn price will be weakened and will impact China's cotton price and yarn price.

The increase in domestic supply, falling cotton prices and weak demand will put downward pressure on the whole market. It is proposed that we should keep our ideas short.