Cotton Picking In China Is Basically Over.

When the textile industry was still in a weak position, the demand for cotton yarn was poor, sales were sluggish, inventory pressure remained, and prices continued to decline slightly.

In addition, after nearly a month of replenishment, raw materials inventory of textile enterprises increased, and the supply of the lint spot market was still sufficient, and the enthusiasm for purchasing decreased.

In December 2nd, the average price of Xinjiang local 3128B lint was 12864 yuan / ton, and the average price of the 3128B grade newspaper was 12840 yuan / ton, which was basically the same as that of the previous week, with a slight fluctuation. The mainland 3128B class spot was between 12800-13000 yuan / ton.

In terms of imported yarn, port stocks are large and the quality is uneven. The overall sales are stable, and some varieties are sought after, squeezing the domestic market.

In November 27, 2015 -2015 December 3rd, the domestic cotton market prices were slightly oscillating. The average price of the national cotton price A index (CNCotton A), representing the 2129B grade cotton price in the mainland, was 13560 yuan / ton, up 4 yuan / ton compared with the previous week; the average price of the national cotton price B index (CNCotton B) representing the mainland 3128B grade cotton price was 12889 yuan / ton, up 16 yuan / ton.

When Zhou, the country

The new cotton harvest basically ended, the seed cotton purchase price was low and stable, local slightly reduced, along with the temperature continues to decline, rain and snow weather frequent, seed cotton is not conducive to preservation, plus late festivals need funds, cotton farmers sales enthusiasm is higher.

However, the quality of seed cotton harvested at later harvest decreased.

The acquisition tends to be cautious, some enterprises refuse to accept, and the volume has not increased significantly.

In December 3rd, the purchase price of cotton seed in the mainland was around 6.02 yuan / kg, basically unchanged from the previous week; Xinjiang's 5.14 yuan / kg dropped by 0.17 yuan / kg.

In the futures market, lint spot prices are low and stable in the near future.

Below the average moving line, there is a lack of strength and short-term or downside risks.

In December 2nd, ICE futures continued to rush to nearly 64 cents under the impetus of strong technology graphics. Subsequently, the cautious operation before the announcement of the US cotton export weekly and the adverse effects of the external market led to a fall in cotton prices and a slight decrease in March contracts.

The traders' market is expected to reduce the U. S. cotton exports last week, but it is still expected to support cotton prices.