Domestic Cotton Market Prices Fell Slightly, Lint Looks Very Active.

According to the purchase and sale data of the national cotton market monitoring system, the progress of picking cotton in the cotton producing areas in the mainland is more than 90%, slightly faster than the same period in previous years. The picking rate of Xinjiang is over 90%, and the price of seed cotton is low and stable.

In addition, the current listing

The quality improved earlier, and the sales of lint were smooth. Some enterprises in Xinjiang were in short supply of reactive processing products, the purchase amount of ginning plants increased, and the seed cotton market was active.

In November 18th, the purchase price of cotton seed in the mainland was around 6.02 yuan / kg, and Xinjiang's 5.38 yuan per kilogram increased slightly compared with the previous week.

In the near future,

The purchase and sale of spot market is active, and the price of Zheng cotton disk has been raised. The price has risen slightly. The main force touches the 40 day moving average, and whether the later observation can break through effectively.

November 18th, the United States

The bad weather and the rise of US stocks continued to provide support for the market. The strong technological graphics of the day before yesterday also attracted some speculative buying. The ICE futures contract closed up for third consecutive trading days after the narrow contract in March.

The market expects us cotton exports to decrease last week.

When the week, the textile enterprises were uneven in operation, regional differentiation was obvious, the number of orders varied, overall, the industry did not get out of the predicament, finished product inventory pressure remained, cotton yarn quotation continued to fall slightly.

However, in recent years, the demand for replenishment of textile enterprises has increased, the enthusiasm for purchasing lint has increased, inventory has increased a little earlier than before, and domestic and foreign festivals will increase at the later stage, so we need to pay attention to the change of orders.

In November 18th, the average price of Xinjiang local 3128B lint was 12835 yuan / ton, and the average price of the Corps 3128B class newspaper was 12784 yuan / ton, which was basically unchanged from the previous week, with a slight fluctuation locally. The average price of the mainland 3128B spot spot was 12800 yuan / ton, unchanged.

At present, the stock of yarn outside the port is abundant, and the monthly import volume is still high, which will squeeze the domestic yarn market.