China'S Cotton Price And Yarn Price Have Strong Competitiveness Compared With Imported Cotton And Yarn.

ICE cotton concussion

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ICE cotton in the beginning of the month after the bottom of the shock rebound.

ICE cotton main May contract settlement price rose 1.94 cents (3.43%) to 58.44 cents / pound.

In March 1st, the ICE cotton main May contract settlement price fell to 56.5 cents / lb low.

But then the US cotton contract and shipment data were relatively good and the US dollar weakened, supporting the ICE cotton Sanlian Yang, the main contract reached 57.38 cents / pound in May.

Because USDA3 demand and supply report showed no change in demand, the 9 day main contract in May dropped to 56.58 cents.

In mid May, heavy rains in the southeastern and delta areas of the United States caused a flood of buying. The depreciation of the US dollar stimulated commodity strength, while the USDA export sales data were strong. The ICE cotton futures contract for the 6 consecutive trading days rebounded slightly, and the settlement price rose 2.71 cents to 58.29 cents / lb.

In the last ten days, the export data of USDA weeks were shrunk, and the market was worried about China's selling of reserves in April. And the expected increase in US cotton planting area in the next year made ICE cotton vulnerable to shocks between 57-58 cents per pound.

On the 31 day, the planting area report of USDA showed that the increase in cotton planting area (11.43%) was not unexpected, and the market expected the weather to be unfavorable.

The ICE cotton rose sharply, and the contract reached 58.44 cents / pound in May.

In April, China will start selling its reserves and form a normalization mechanism in the future. This will inevitably occupy the market share of international cotton and cotton yarn. Under the situation of increasing production and consumption in the next year, ICE cotton faces greater downward pressure, and the probability of shaking in the latter 55-60 cents / pound box is larger.

In March, Zheng cotton rebounded and experienced two rebounding in the beginning and mid month.

According to the statistics of the whole month, the 1605 contracts have rebounded 215 yuan (2.01%) to 10915 yuan / ton recently.

At the end of February, Zheng cotton had a sharp fall in the first round. After the main contract was broken 1609, the bad news of the reserve will be digested ahead of schedule, and the demand for the callback will increase.

At the beginning of March, due to the convening of two sessions in China, domestic commodities rose, and the market macro expectations were more optimistic. Zheng cotton prices continued to rise, and the main 1609 contracts stood at ten thousand yuan pass.

On the 2-7 day, Zheng cotton main 1609 contract accumulated a total of 480 yuan to 10470 yuan / ton, and the 1605 contracts accumulated 245 yuan to 10945 yuan / ton recently.

8-16 days,

The 1609 contract fell to 10100 yuan / ton, and the recent 1605 contract fell to 10705 yuan / ton.

In March 17th, the national cotton reserves were scheduled to be released in the middle and late 4 months. On the 18 day, the national development and Reform Commission released the target price level of Xinjiang in 2016, which was 18600 yuan per ton.

As of 23 days, the main 1609 contract rebounded to 10525 yuan / ton monthly high.

But then to the end of the month, Zheng cotton rebounded again and again.

The spot market is weak, the reserve cotton will soon turn out, the spot supply will increase, the downstream demand for textile will not flourish, and the cotton market will be weak.

The main 1609 contract closed at 10200 yuan / ton at the end of the month, up 210 yuan / ton from last month, or 2.1%.