Cotton Prices Fluctuate: Cotton Grows Fast In All Regions.

At present, the cotton ginning mill holds limited lint and is still on the sidelines and continues to support the spot market of lint.

Recently, cotton growing rapidly in all parts of Xinjiang. The cotton seedling in North Xinjiang is in the sixth true leaf stage, with a height of 30 cm, and some cotton seedlings have 2-3 buds.

Some cotton is affected by bad weather such as cooling and hail. The cotton seedling is seriously damaged, some cotton fields are replanted or rebroadcast, and cotton production is affected.

The the Yellow River river basin is clear and sunny in recent days, and the cotton seedling is in the 4-5 true leaf stage. The plant height is about 20 centimeters.

The cotton seedlings in the Yangtze River Valley are in the 5-6 true leaf stage, and the plant height is 20-25 centimeters. However, due to the early rainy weather, some aphids and premature senility are occurring in some cotton fields. Cotton growers are stepping up their field management.

The spot price of domestic lint has been stable in recent years.

As of June 8th, the domestic cotton production area ginning factory 3128 lint factory quotes at 12500-14000 yuan / ton, 4128 lint factory price quoted at 11800-13000 yuan / ton, compared with last week was flat.

According to market participants, the following unfavorable factors still inhibit the spot market of lint:

1, futures weak shocks, did not bring a clear guide to lint spot.

On the 1-5 day of June, the US cotton continued to rise. As of June 4th, the US cotton July contract closed at 65.12 cents per pound, up 0.77 dollars / pound compared with May 28th.

However, due to weak demand, last week, domestic cotton fell stagflation. As of June 5th, Zheng cotton CF1509 contract closed at 13055 yuan / ton, down 65 yuan / ton compared with May 29th, and the futures market is still vulnerable to shocks.

2, India

During the prime minister's visit to India, Chinese leaders said they would promote cotton trade between China and India, and promised to cut import tariffs on cotton yarn once India cotton yarn was imported.

Falling and no import quotas will cause a greater impact on China's cotton textile industry and cotton industry. In the long run, this will accelerate the closure and closure of small and medium cotton mills, thus affecting the lint market.

3, state reserve stocks are high and demand is weak.

There are more than ten million tons of national cotton storage. There are reports that the state will sell cotton in 2011 and 2012 in June, and the huge cotton stocks will have to worry that the wait-and-see sentiment of textile enterprises will increase, and that it will be kept with buying and buying. "High inventory and low demand" still restrict the cotton market.