Cotton Mill To Reduce Production Capacity To Inventory Follow-Up Market Deserves Attention

New year's day and Spring Festival are drawing near. Under the pressure of sales difficulties, tight funds and low profit margins, cotton mills generally adopt measures to reduce inventory to maintain the capital chain. The amount of cotton is relatively reduced, and the price of polyester is less than half of that of cotton. The replacement of cotton is still increasing.

Last week, the spot market was sluggish and prices were relatively stable.

Futures narrow oscillation bottom.

In December 25th, the B index of the national cotton price was 12856 yuan / ton, and the weekly price fell 30 yuan / ton, compared with the CF1601 contract of Zheng cotton futures, the spot premium was 856 yuan / ton, and the week expanded 50/ tons.

Futures.

The spot price is stable and the base price is high. The futures market is slightly oscillatory by the cost of warehouse receipts.

In December 25th, the main force 1605 closed at 11480/ tons, the week rose 90 yuan / ton, traded 724790 hands, increased 193448 hand, the increase 36.4%, holds 366964 hands, increased 46390 hands, the increase 13.2%, the paction, the position double increase, indicated the fund participation enthusiasm has risen.

In December 25th, 1601 closed at 12020 yuan / ton, and the week fell 80 yuan / ton, closing 28334 hands, reducing 24710 hands, reducing 46.6%, holding 81982 positions, reducing 18628 hands, reducing 18.5% percent, less than 4 weeks from delivery. According to the current weekly reduction rate, it should be able to achieve a smooth delivery, but it does not exclude that when holding a lower position, the game between large households will cause large fluctuations in the disk, and small funds will be carefully involved.

As of December 25th closing, the top 20 seats, more than 206456 single hand, an increase of 6785 hands over the previous week, empty single 217035 hands, 25846 more than the previous week, reversal occurred in space and time, a net of more than a few weeks has become a net clearance, net empty 3794 hands, short weight prevailed.

Buying 29600 sets of warehouses, increasing 1080 hands and selling insurance policies 49907, an increase of 6221 hands over the previous week.

As of December 25th, 368 registered warehouse receipts, 173 weekly increases, 1158 effective forecasts, 27 weekly reductions, 2 consecutive weeks of warehouse receipt registration reduction, and more futures discount, were the main reasons for the decrease in warehouse receipt registration.

Us disk: Technology 60 day average line support, December 24th technology rebound, the main contract March contract 63.59 cents / pound in December 25th, week fell 10 points.

Acquisition of new cotton.

The acquisition of cotton in China is coming to an end. As of December 25th,

Processing 3 million 360 thousand tons of new cotton, increasing 60 thousand tons per week, less than 10 thousand tons of daily processing capacity.

The total number of 1064 public inspection enterprises increased by 3 in the country, 3 million 290 thousand tons in public inspection, and 100 thousand tons in the week, a decrease of 670 thousand tons compared with the same period last year.

There are still sporadic acquisitions in the mainland. The price varies according to the quality and the price is 5.6-6.0 yuan / kg.

Aspect.

New year's day and Spring Festival are approaching, and sales of cotton yarn are difficult.

Nervous, in order to ensure cash flow, we generally adopt limited production and promotion to increase cash flow, reduce cotton purchases, and the market volume has shrunk. The price is relatively stable under the support of cost.

Railway freight is cheaper than truck. To facilitate sales, the number of moving trains is increased significantly.

With the increase of resources in the mainland, the purchase of cotton mills directly went to Xinjiang, and the operation of the small and medium-sized mills resumed with the purchase. The mainland warehouse was mainly sold in small quantities, and the price was relatively stable. The price of picking up the goods in Xinjiang was picked up, the "double 29B" hand picked sale price was 13500-13700/ tons, the "double 28B" 13100-13300/ tons, and the "double 28C" 12700-12800/ tons.

The quality of real estate cotton is different, the price is between 12600-13200/ tons. Because of the small quantity and poor quality consistency, it is difficult to carry goods and sell more on credit.

Imported cotton was sporadically sold, about SM1-1/814300-14500/ tons of cotton in the United States, India 13600-13700/ tons, Australia cotton SM1-5/3215700-16000/ tons, West African cotton 13200-13400/ tons, long staple cotton, the 137 class pactions were mostly concentrated in 23500-23800 yuan / ton, relatively stable, poor quality at a low price.

Cotton distribution.

From the data of the public inspection, the quality of the later flower decreased obviously, and the grade, length, horse value and strength decreased, and the price was very low.

The new cotton has a length of more than 29, about 1 million tons, which is lower than in previous years. The horse value is also higher than in previous years. The horse value of A is about 250 thousand tons, and 3129-2129A's resources are less than 150 thousand tons. Most of them have been sold or booked. In order to ensure the cotton demand and ensure the quality, some cotton mills focus on the "double 28A/B" resources.

BINGTUAN Cotton has started selling, the price is slightly higher than the place, the difference is less than last year, this year, a few divisions, 4, 7, 8 division of quality indicators are better, 1, 3, 5 division of poor quality, sales price, strategy is also different, the advantage of the Corps is "three silk" control is better, can choose cotton corps according to the variety requirements.

Because of the low price of local machinery, "three silk" is better than hand picking, and sales are better than hand picking.

Operation suggestion.

Cotton prices are close to the bottom and try to build more than one month.

1605 and 1609 are also near high and low form, concerned about waiting for 9 to sell 5 opportunities.