Futures Interpretation Of Domestic Cotton Market

In the short term, there is still a need to reduce interest rates. In addition to solving the problem of liquidity contraction and high financing costs at the practical level, it is more likely to convey the government's position of steady growth to the market.

1.

On Monday, August 25th, ICE cotton futures plummeted overnight.

Low recovery, today, after the sharp decline, the daily line formed a low Kaiyang star, intra day trading volume shrinking, holdings reduced.

2, spot

Trading situation on :8 25, the national cotton trading market spot trading pactions 14040 tons, compared with the previous trading day reduced by 1310 tons.

The order volume is reduced by 670 tons today, and the total order is 22080 tons.

Today, spot trading is different from each other, and the concussion is the main one, and the average price of each contract varies.

The Barclays strategist said on Monday (August 24th) that the yuan will probably fall by another 8% by the end of 2016, and is likely to drag most of the world's currencies against its devaluation.

The Barclays strategist said on Monday (August 24th) that the yuan will probably fall by another 8% by the end of 2016, and is likely to drag most of the world's currencies against its devaluation.

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In Xinjiang Bayinguoleng Mongolia autonomous prefecture (hereinafter referred to as Bazhou), the futures Daily reporter learned that the cotton planting area in this area has declined this year, but thanks to the good weather condition during the cotton growing period this year, if the weather is not abnormal, the cotton yield will be higher than that of last year. The total output of cotton may not change much compared with that of last year, but the quality will be greatly improved compared with that of last year.

Korla, capital of Bazhou, is the resident of the two division of the Corps.

According to Mai Xinwei, general manager of Yongxing agricultural supply and Marketing Co., Ltd., the two division of the Corps, the cotton planting area of the two divisions was 630 thousand mu last year, and the lint yield was 118 thousand and 300 tons, which was sold at the end of July this year and early August. The average selling price is 13500 yuan / ton.

The cotton planting area of the two division of agriculture in this year has been reduced by 100 thousand mu, and the low yield cotton field is expected to decrease in 530 thousand to 550 thousand mu.

Lv Bingzheng, general manager of cotton and hemp company in Yuli County, said that the lint yield in the local normal year was about 150 thousand tons. Cotton was seriously damaged last year. Cotton growers were repeatedly re broadcast. The cotton growing period shortened greatly, and the lint yield of Yuli reduced to 100 thousand to 110 thousand tons.

"This year the weather is more suitable for cotton growth. If there is no abnormal weather in the late stage, this year is expected to usher in a bumper harvest year for cotton, and seed cotton yield will be around 350 kg."

He predicted.

"The local weather is better in the early days. Although the early hot weather has a certain effect on the top peach, the growth of cotton is very good. The seed yield per mu is expected to be around 450 kg this year.

Overall, the cotton output of the two division will not be much different from that of last year. It may be between 110 thousand and 120 thousand tons.

He said.

Judging from past years, cotton sales are usually the fastest among all divisions in the two divisions because of the better cotton quality.

But during the three years of storage, the quality consciousness and the adverse weather last year, the strength and length index of cotton decreased last year, especially in the southern Xinjiang.

"Feedback from textile enterprises last year has made us realize that only cotton quality can be improved to increase market share. This year, the whole division attaches great importance to cotton quality.

First of all, a unified cotton variety, a main cultivar of the whole division and a supplementary cultivar. Secondly, the density of cotton planting decreased from 16000 to 18000 plants per mu last year to less than 14000 plants / mu this year.

Mai Xinwei introduced that through early efforts, the quality of cotton in the two division of agriculture will be greatly improved this year.

According to the data provided by relevant persons in Bazhou Agricultural Bureau of Xinjiang, last year, cotton planting area in Bazhou area was 4 million 709 thousand and 200 mu (excluding Corps), and 102 kg of cotton lint per mu, 35 kg lower than that in normal year.

"Cotton production is being carried out this year and will be reported to the regional government in the near future.

It is expected that the lint yield will reach 130 kg this year. "

Bazhou Agriculture Bureau personage says, this year Bazhou took the initiative to reduce cotton planting, planting area to about 3 million 320 thousand acres.

According to reports, the cost of local cotton planting is about 2100 yuan (excluding rent cost).