Cotton Market: Cotton Enterprises Are Expected To Start Late

On August 27th, ICE cotton futures continued to decline on Wednesday. Overnight, Zheng cotton picked up. It rose earlier today in the early morning of the bull market, followed by a regional concussion, which ended in late trading, and the daily line formed a high opening line.

Market situation: ICE cotton futures continued to decline on Wednesday.

Spot trading in the cotton trading market in China reached 21070 tons, an increase of 290 tons compared with the previous trading day.

The order volume increased by 380 tons today, with a total order of 22950 tons.

Today, spot trading is different from contract opening, and intraday concussion is the main factor, and the average price of each contract rises.

According to

Although the investigation of cotton processing enterprises in Akesu and Bachu is expected to be 5-7 days earlier than the 2014/15 in July, the cotton mill is still planning to postpone its opening period to 10-20 September. On the one hand, the difference between cotton prices and cotton growers in the purchase price of seed cotton is too large. The difference between them is even 1.50 yuan / kg. Cotton farmers are not interested in the purchase price below 6 yuan / kg. Therefore, even if the cotton seed is not cotton seed, it is the consensus of cotton enterprises.

On the other hand, from the feedback information of loan banks, this year

Appropriation will not be premature because of seed cotton listing. The date of loan, credit, contract and payment will be flat or even postponed with previous years. The cotton mill is worried about the situation of "cotton and other money". In addition, the cotton enterprises are "foggy water" for the trend of cotton market in 2015/16.

The characteristics of "late opening up and long acquisition".

The weather in the former Xingtai of Hebei was cloudy, with sporadic rain showers, which eased the drought in cotton fields. Now cotton enters the open season, and some of the plots are fragmentary, which is similar to that of last year.

It is expected to be sporadically picked at the end of August.

Cotton height was 100--120 cm in the past few days, the number of fruit branches was about 10--12 / plant, flowering 2-3 / plant, cotton peach 15--20 / plant, 1-2 individuals / plants.

At present, when cotton enters the boll opening period, it is affected by the rainy weather for some time. Some cotton bolls are mildew, cotton bollworms and other pests occur. Cotton farmers strengthen field management work. The estimated yield of cotton will reach 450 Jin. The cotton farmers have not yet done the picking work. They are expected to pick at the end of August and pick in the early September, and pick them up in mid 9.

Affected by the global economic downturn, the US shale oil revolution, the European debt crisis, the West's lifting of sanctions against Iran and the pformation of China's economic structure, in August 24th, the closing price of New York's oil price fell below US $40 for the first time since 2008.

OPEC members and the world's major oil producing countries, as well as oil and gas companies in the United States, have generally adopted the policy of production protection and price reduction in order to maintain market share.