Cotton Annual Report: What Is The Textile Market?

The cost of planting supports the cotton market at the bottom. However, the threat of national storage and inventory and the lack of demand braking force still make the cotton price uplink still ineffective. Now it is a dilemma. With the sluggish state of paction and position, it is still difficult for the market to have a trend in a certain stage.

1, in 2015/16, cotton production in main producing countries (11425, 35, 0.31%) continued to decline, and supply continued to decline, while demand continued to warm up, and output began to be smaller than demand.

But in terms of the historical rule of cotton market, the cotton price is still weak in the early stage of going to inventory.

However, after entering the new year of 2016/17, there will be a good momentum in the evolution of inertia and the gradual recovery of demand, but China's high storage is still

The potential threat is still constrained by the pace of warming up, with the possibility that the bottom shock will be better.

2, the difference in stock rhythm between the main producing countries affects the pace of bottoming.

In addition to China, other countries began their inventory trip in the 2012 year of the year. The supply and demand stage of other main producing countries is also a relative balance between supply and demand of two.

China's national storage stocks are huge, and the pressure from the international cotton market is imported through the import. The internal and external cotton performance is still in a certain stage. In this situation, the docking between the inside and outside cotton prices is completed. After that, the national cotton starts to go to stock quickly, and then the brake rises.

The rise is still constrained.

3, from the domestic situation, the annual supply and demand is tight, and the potential pressure of the national reserve is great. If the annual supply and demand is tight enough to increase the opportunity of the stage, it will eventually be cut off. In the 2015 year, the quality of cotton is still in question and the quantity of good flowers is small. This may stimulate the market to go up in stages, but the difference between the different grades and the difference between flowers and flowers.

The effect is still high, resulting in a slight rise in the current price differential, and the futures delivery intention is very strong, which in turn restricts the futures market to move higher.

4, from the perspective of capital, the liquidity of the internal market is insufficient, and the external market is warming up.

From the point of view of pactions and positions, most of the year's holdings were held at around 40-50 hands, and turnover was at 10-30, 000, 000.

After entering the 2015 year, there was a lot of non commercial positions in the US cotton market, and at the end of the year there was a trend of rising. Cotton sentiment could gradually be pmitted from the outside to the inside, and it could be expected to step up, but the amplitude may still be constrained by the fundamentals.

Today's cotton and cotton textile industry, such as the Jen long chess game, can be reborn after the suicide. It is not broken in the market. It may still be under the pressure of imports and national reserves in the first half of the year, but in the second half of the year, there is the opportunity of Pan Nirvana under the leadership of tight supply and demand in the second half of the year.