Futures Market: Low Quality Cotton Throwing Heavily.

According to the fiber inspection data of the Bureau of inspection and quarantine in 2013, more than 90% of Xinjiang's machine picked cotton in 2013/2014 is in line with the futures warehouse receipt standard, and 2014/2015 is also in line with the relevant standards.

Although there are short boards with high short staple rate and poor strength, the market price is less than 500 to 1000 yuan per ton. However, due to the low demand for warehouse receipts, it is not very difficult to produce futures warehouse receipts from machine picked cotton, and the discount rate is also lower than the actual paction level.

In the same way

Under the index level, medium and low quality cotton can be sold at a higher price in the futures market.

According to Zheng Shang data, from April 7 date cotton

Rising to the end of April, Zheng cotton warehouse receipt and effective forecast volume increased by 388.

If prices continue to rise, low and medium quality cotton will continue to flow in large quantities.

。

According to the monitoring data of the national cotton monitoring system, as of April 30th, the national cotton processing rate was 94.9%, and the sales progress was only 63.7%. In Xinjiang, about 1 million 600 thousand tons of cotton had not yet been sold, of which the middle and low quality cotton accounted for the majority, and the spot selling pressure was larger.

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