The National Cotton Processing Rate Reached 90%, The Efficiency Is Still High.

According to the national cotton market monitoring system, the survey data of 1837 households in 87 counties and 14 provinces and cities showed that as of December 31, 2015, the new cotton harvest basically ended; the national selling rate [1] was 91.3%, an increase of 5.3 percentage points compared to the same period last year, an increase of 1 percentage points over the normal years of the past four years, of which the mainland sale rate was 70.8%, and the Xinjiang sale was over.

In accordance with domestic

The estimated output is 5 million 216 thousand tons (national cotton market monitoring system forecast in November 2015). As of December 31st, the national total sales of seed cotton and lint cotton 4 million 742 thousand tons, down 884 thousand tons compared with the same period last year, 1 million 808 thousand tons less than the normal years of the past four years, and 4 million 278 thousand tons of processed cotton lint, a decrease of 551 thousand tons compared with the same period last year, which is 1 million 625 thousand tons lower than that in the normal years of the past four years, of which Xinjiang

3 million 418 thousand tons of lint and 1 million 914 thousand tons of lint, which were reduced by 141 thousand tons compared with the same period last year, were reduced by 2 million 371 thousand tons compared with the normal years in the past four years, including sales in Xinjiang.

1 million 318 thousand tons.

According to the survey of 89 large and medium-sized cotton processing enterprises, as of December 31st, the surveyed enterprises accumulated 4 million 472 thousand tons of seed cotton, 1 million 735 thousand tons of lint cotton, 38.8% average seed cotton percentage, and an average length of 28.18 millimeters.

It is assumed that the national processing rate [2] is 90.2%, an increase of 4.4 percentage points over the same period last year, an increase of 0.1 percentage points over the normal years of the past four years, of which the processing rate in Xinjiang is 93.5%, and the sales rate [3] is 40.4%, an increase of 3.8 percentage points over the same period last year, which is 24.2 percentage points slower than that in the normal years of the past four years, of which the sales rate in Xinjiang is 36%.

Related links:

Last week, cotton sales in various cotton producing areas were low last week. Xinjiang has basically completed the sale, while most of the cotton farmers in the mainland still have cotton reserves. The enthusiasm for selling is still good, but the ginning mills generally stop buying, and the enterprises that maintain them are also strict in quality requirements, and the overall turnover is not good.

In December 30th, the purchase price of cotton seed in the mainland was around 5.95 yuan / kg, down 0.03 yuan / kg compared with the previous week, and Xinjiang's purchase and sale ended.

The average price of the national cotton price A index (CNCottonA), representing the price of 2129B grade cotton in the mainland, is 13533 yuan / ton, down 2 yuan / ton; the average price of the national cotton price B index (CNCottonB), representing the price of 3128B grade cotton in the mainland, is 12852 yuan / ton, down 11 yuan / ton.

Last week, the textile business remained weak, the downstream demand was weak and stable, the cotton yarn price oscillation was lowered, the sales profit was thin, and most of the large and medium sized enterprises that had been pformed and upgraded were maintained. Small businesses generally stopped, and the advantage of differentiated fiber was stronger than pure cotton yarn.

At present, there are four rumors on the reserve cotton market, and the overall supply of lint is ample, and the market turnover is light. Only the quality cotton output is low, the supply and demand is slightly unbalanced, and the procurement of enterprises is more concerned.

In December 30th, the average price of Xinjiang local 3128B lint was 12733 yuan / ton, and the average price of the Corps 3128B class newspaper was 12750 yuan / ton, 50 yuan / ton less than the previous week, and the 3128B class spot in the mainland was about 12848 yuan / ton, basically unchanged.

In terms of import yarn, port stocks continued to decline, but domestic market demand was poor, procurement was not active, inventory pressure remained, traders were still actively shipping.

Futures market, the lint spot market supply is still sufficient, low price oscillation, coupled with expectations for the later rounds, the futures market pressure, the current main force is below the average system, the upper pressure is obvious, it is expected that there will be room for short-term downside.

In December 30th, the ICE futures market was festive and the volume continued to decrease. After March, the contract narrowed slightly and rose slightly.

Traders expect us cotton exports to decrease last week due to the approaching new year holidays.