Today'S Xinjiang Cotton Competition Sells 6717 Tons Of Resources.

The national cotton exchange market will be listed on Xinjiang cotton in June 17th.

6717.467 tons, of which 4999.444 tons of resources in the Xinjiang reservoir area (4826.76 tons of hand picked cotton, the lowest price 12500 yuan / ton, 172.684 tons of machine picked cotton and 12300 yuan / ton from the lowest price).

Resources 1718.023 tons (hand picking cotton 1718.023 tons, the lowest

13200 yuan / ton).

On the same day, more than 28 resources (fracture strength 28+, average length 28+) 1884 tons (Xinjiang library accounted for 1197.725 tons, inland library accounted for 686.419 tons), the lowest offer 13200 yuan / ton, all hand picked cotton.

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At the 2015 China International Cotton Conference held last Thursday, Yin Jian, deputy director of the national development and Reform Commission's economic and trade department, made a huge shock in the cotton futures market. The CF1509 contract plummeted more than 200 points, and the futures market was in an uproar.

At least now it seems that the cotton futures market is a bad performance. Is it really bad to throw it away?

It is understood that Yin Jian at the meeting said: "the recent development of China's textile industry has improved, but the overall cotton market is still relatively low. Considering this situation, this year's cotton reserves will also be positive and steady, and will be carried out before the new cotton market goes ahead before the new cotton is listed, before the market price is stabilized and the market runs smoothly."

Why do words such as "do not suppress the market and follow the market orderly" have become a booster of bad profits.

At present, from the perspective of futures market performance, bad profits take the initiative, mainly for the following reasons:

1, the dumping will inevitably lead to an increase in the supply of cotton in the market, while the downstream textile enterprises will enter the off-season production and the demand will be reduced.

Zhu Beina, President of China Cotton Textile Industry Association, said: "the cotton textile industry has improved compared with the same period last year, but the cotton textile industry's overall index has not reached 50 overall."

This shows that China's cotton textile industry is still not completely out of the mire.

2. Influence of imported cotton yarn.

On May 14th, when Xi Jinping met with India's prime minister Modi in Xi'an, he declared that the reduction and exemption of tariffs on imports of goods from India will be the general trend. Enjoying the same treatment with ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma and Kampuchea) will be a necessary condition for the smooth development of "one belt and one road".

As an important power on the "one belt and one road", India is one of the largest cotton producers in the world and one of the largest exporters of cotton yarn in the world. The introduction of tariff relief policy will have a significant impact on the cotton industry in the country.

According to an industry source, the two advantages of tariff reduction and quota free import of cotton yarn will promote the breakthroughs in the import volume of China's India Pakistan yarn, which will have a great impact on domestic textile enterprises.

Zhu Beina said: "tariff free will definitely have an impact on the domestic cotton textile industry. First, it will have an impact on cotton consumption, and second will have an impact on spinning enterprises".

Although the market has become a bad performance, some people hold a positive view. As everyone knows, because of the high price, the sales progress of Xinjiang regiment cotton is far lower than that of the local market.

In this game, the Corps that has important discourse power in the cotton market does not want to become a victim of throwing away reserves, and will strive to win its own rights and interests.

Before throwing out the concrete plan, it will be difficult to decide whether or not it will be profitable. China cotton net will continue to pay attention to the latest development of throwing and storing in subsequent reports.