The Rules For The Storage Of Cotton Wheels Are Announced.
Recently, the domestic commodity market has plummeted after a surge, and the market volatility is very large.
Cotton fundamentals remain unchanged.
Reserve cotton
The details of the round are close to publication, and there are more resources in the spot market.
It is estimated that the price of zhengmian will be a trend of volatility after a sharp rebound. It is suggested that we should consider setting up empty positions gradually.
Overnight ICE cotton contracts fell, and the settlement price of the 1605 contract was 56.86 cents / pound, down 0.52, or 0.91%, and volume decreased.
In March 9th, along with Zheng Mian of China
Price
Weak trend, ICE cotton rebound is difficult to maintain, the main force all day low consolidation.
Traders will be cautious before the USDA monthly report. The forecast is not expected to be significantly adjusted this month. We are concerned about tonight's USDA monthly report.
ICE cotton is expected to rebound after the end of the shock will fall.
On Tuesday, the India S-6 ginning factory picked up a price of 300 rupees / candi, to 32250 rupees / candi, which was 61.40 cents / pound.
In the Punjab J-34 ginning factory, the delivery price is 3530 rupees / mod, 64 cents / pound.
In March 4th, a total of 126 thousand and 500 packages (21 thousand and 500 tons) of new floral lint were listed in India, reaching 23 million 156 thousand and 300 packages (3 million 936 thousand and 600 tons) on the same day.
Recently, cotton textile mills and operators have a strong wait-and-see sentiment. The phenomenon of "buying and buying" has become more and more serious. The tentative rebound of spot price of Xinjiang cotton is also "abrupt". In Henan, Hebei, Shandong and other places, the gross price quotations of 2128C2 and 2128B lint for public inspection of cotton lint temporarily stabilized at 12200-12300 yuan / ton, 12400-12600 yuan / ton, and the confidence of cotton enterprises and textile enterprises has come down.
The implementation plan of Cotton Subsidy in Hebei province has been officially issued in 2015. According to the subsidy scheme, the total Cotton Subsidy in Hebei this year is 746 million.
subsidy
The sum is 201 yuan, which is 37 yuan higher than last year's 164 yuan / mu. This is undoubtedly a psychological comfort for cotton farmers in this year's cotton situation.
Recently, the Ministry of finance has allocated funds through the grain risk fund to the province, and is expected to be paid to cotton growers soon.
On Wednesday, Zheng cotton's main contract price fell, volume decreased, and holdings increased. At present, the position of Zheng cotton is still 987 thousand hands high.
Today, the main force of zhengmian is low and low, and the intraday price has dropped to 10235. The price of the morning plate has rebounded, but the rebound power is insufficient.
May contract fell 0.46%, September contract fell 1.72%, January contract rose 1.89%.
1605 the contract settlement price is 10760 (-75), the 1609 contract settlement price is 10330 (-140), and the 1701 contract settlement price is 10170 (-145).
At present, the warehouse number is 665 (-1), and the effective forecast volume is 407 (-20).
Although the price of Zhengzhou cotton has been rebounding recently, there has not been a large-scale rise in cotton prices. The downstream textile mills are still waiting for the concrete news of the reserve of cotton. The phenomenon of "buying with it" is becoming more and more serious.
South Xinjiang platform 2128 class horse C2, 2128 grade horse value B2 hand picking wool weight pick up price is still 12000-12200 yuan / ton, 12300-12400 yuan / ton, Jiangsu real estate is 3 grade lint to factory price quoted at 12000 yuan / ton.
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