New Cotton Listing Means That Cotton Prices Will Soon Usher In Spring?

In 2015, the reserve cotton rotation was the worst year since the record of cotton throwing and storage in 2009.

And domestic cotton gradually entered the picking period. From the perspective of information collation, the output per unit area of cotton in the mainland decreased, while Xinjiang cotton yield increased.

In the autumn of September, the season of picking up was coming, and new cotton products were listed on the theme of market speculation.

Since August 25th,

Bulls rely on the previous low of 12295 yuan / ton in the near future launched the second counterattack since August, as of 9, zhengmian 1601 contract accumulated a rebound of 0.56%, weak rebound.

However, the market divergence has emerged on the new cotton market node. Does this mean that cotton prices will soon come to spring, or create a good opportunity for short sellers to sell short?

"The acquisition of new cotton is about to start in a large scale, and the market is obviously divided on price expectations.

There are signs of warming, but the price trend is not satisfactory.

The low inventory of raw materials and the overcapacity of the processing enterprises in the textile enterprises will create a rush to rush to raise the price of cotton, but it is difficult for the downstream vulnerable to support a sharp rebound in cotton prices.

CITIC futures analyst Wang Yan said.

In the international market, India's CCI auction has reached a cumulative turnover of over 7, and its domestic price has steadily increased. China's huge reserves of cotton and India cotton have long suppressed the uplink of US cotton.

As of September 1st, CFTC fund futures net more than single reduction, positions accounted for 24.30%.

On the domestic market, Wang Yan pointed out that cotton picking areas in all parts of the country had begun picking sporadically, but there were not many quantities and failed to form scale acquisitions.

Recently, a large range of rainfall has a certain impact on cotton picking, paying close attention to the weather conditions in the late stage. The continuous flow of warehouse receipts with high price performance ratio is followed by the purchase of textile enterprises, while the sales of downstream gauze are showing signs of warming, but the price trend of yarn is generally stable, and the import yarn has a clear effect on the price of internal yarns. The substitution trend of chemical fiber and new fiber to cotton is not easy to reverse in the short term.

"The sale of reserve cotton in August 31st was closed, with a total turnover of only 3.42%.

Ma Yuan Yuan, an analyst at Guan Tong futures, said that the reserve cotton began to take off in July 10th and ended in August 31st. The total volume of output was 1854544 tons, with a total turnover of 63411.7 tons, with a turnover ratio of 3.42%.

In 2015, the reserve cotton rotation was the worst year since the record of cotton throwing and storage in 2009.

There are four main reasons for Ma Yuan Yuan: one is downstream.

In the recession, the demand for lint is limited. The two is that most of the cotton reserves are produced in 2011 and 2012, and the quality is difficult to guarantee, especially in 2012. The quality of cotton production is the lowest and the turnover is the least. Three, the domestic cotton supply is loose, and if the demand is in the late stage, it is easier to purchase; four, the new cotton will soon be on the market, and the latter will be more variable.

Domestic cotton gradually entered the picking period. From the perspective of information collation, the output per unit area of cotton in the mainland decreased, while Xinjiang cotton yield increased.

At present, it is less known, or concentrated in the middle of 9. The market wait-and-see mentality is obvious. The survey shows that the price is between 12500-13500 yuan / ton.

Demand side, Ma Yuan Yuan said that in July, the downstream production has increased, but it is still not ideal. Later, with the coming of the peak season, it will continue to rise, but it is expected that the cotton price will be limited.

"The focus of the September hype will focus on the weather conditions, especially rainy weather in the producing areas, the situation and related policies of enterprises.

To sum up, we should see that neutral is more profitable, and the technology is 12300 yuan / ton providing strong support. We suggest that we should reduce the price of single and low price.

Ma Yuan Yuan pointed out.