Zheng Cotton Futures Prices Fell Slightly, Lack Of Positive Factors.

ICE cotton futures closed up on Wednesday. The most active March contract rose 0.32 cents to 62.31 cents, while a continuous area and foggy weather in parts of the US cotton growing area impeded the harvest process, plus the monthly report released by the US Department of agriculture, showing the world's major cotton producing countries.

There has been a slight decrease, and the market has some concerns about the output of cotton crops. This has lifted cotton prices rebounding slightly, but these factors have limited impact and are expected to be difficult to sustain.

Recently, a large textile enterprise in Shandong announced that the price of cotton to the factory level is 3128 yuan 12400 yuan / ton, the 3127 level is 12000 yuan / ton, and the length and horse value are strictly tested, though the company is a company.

Generally, the market price is lower than the market price, but under the weak pattern, it has a great influence on cotton seed processing and sale pricing of cotton processing enterprises, and also puts pressure on cotton prices.

On the whole, the whole world

The trend of cotton import and export and demand in the world is not optimistic. In the short term, there may be little increase in cotton price, low adjustment of ICE cotton price, unchanged pattern, and short-term adjustment.

The 1605 month contract of Zheng cotton futures went up and down on Wednesday, closing down 45 yuan, closing at 11745 yuan, closing 90620 hands and holding about 318 thousand hands.

On the spot, China's cotton price index 3128B cotton index yesterday fell 12969 points, down 3 points, the spot lint price remained weak, the downstream yarn sales were sluggish, and the stock of products increased.

Related links:

In 2015, Xinjiang cottonseed output had a significant decline. The processing capacity of the oil plant did not match the cottonseed resources, so cottonseed prices were in a state of "rising and bottomed".

Some ginning plants in southern Xinjiang believe that the slow rise of cottonseed and the effective reduction of cotton lint costs are not significant for enterprises that are caught up in high prices before they are caught in the middle.

A factory in Akesu has reflected that as of mid November, the purchase price of 40% cottonseed cotton seed was 5.72 yuan / kg, accounting for the cost of financial cost, short turnover and warehousing, and the 3128 level comprehensive cost has exceeded 13100 yuan / ton.

Recently, a number of cotton purchasing enterprises in southern Xinjiang have indicated that the serious shortage of purchasing funds has affected the purchase of seed cotton, and the average seed cotton purchase of some ginning plants dropped from 100-150 tons to 50-60 tons.

Because the cotton mill can not afford the loan risk margin and its own purchase funds, the progress of the support loan is slow.

Some cotton and hemp companies and large cotton traders have taken the opportunity to raise the monthly interest rate of the cotton raising pledge loan or raise the charge of the pledge supervision, resulting in a decline in the financing willingness of the cotton enterprises.

Despite the rapid progress in the acquisition and processing of lint this year, the progress of lint sales is very slow, and many of the purchasing funds of cotton ginning plants and operators are firmly tied up with lint.

At present, Xinjiang cotton has moved to the mainland in large numbers, and Hubei, Jiangsu, Hebei and other real estate cotton are listed on the market. There are still about 150 thousand tons of imported cotton waiting for entry into the market.

Since the beginning of November, the price of cotton seed has rebounded slightly in Akesu, Korla and other places. The price of goods in the flower mill is 1.60-1.62 yuan / kilogram (including loading charges). On the one hand, it is affected by the mainland's oil factories and operators to rush to harvest cotton seed resources in Xinjiang (Xinjiang's Cottonseed output accounts for about 65% of the country's total in 2015). On the other hand, although the cotton by-products such as cottonseed oil and cottonseed meal are on the weak trend, the cotton lint is rising continuously, and the turnover of the cottonseed is constantly increasing.