ICE Cotton Will Continue To Be Strong.

At present, this year's second division cotton sowing work is basically over, and has now entered the field management work.

Zheng cotton rose again, and its positions dropped sharply. On Tuesday, Zheng cotton rose sharply on the basis of the previous day's trading limit. The margin increased from 5% to 9%, and the daily limit increased from 4% to 7%. The volume of pactions rose sharply, and the positions were greatly reduced. Zheng cotton main force remained at a high level after a large opening, and the market rose 6.24% at the end.

At present, Zheng cotton holds nearly 669 thousand hands, minus 194 thousand hands, of which 1609 contracts hold nearly 355 thousand and 700 positions, and positions are reduced by 141 thousand and 500.

1605 the contract settlement price is 11880 (+210), the 1609 contract settlement price is 12160 (+700), and the 1701 contract settlement price is 11915 (+650).

Zheng cotton main force maintained a high level of shock after a large opening, and the final value rose 6.24%.

At present, the warehouse number is 371 (+6), and the effective forecast volume is 701 (+107). In the past month, the contract has made profit margin, and the limited forecast warehouse receipt volume has increased greatly.

March 31st

The Cotton Association (CCI) released the latest cotton production forecast in India. It is estimated that cotton production in India will be 34 million 100 thousand packages (5 million 797 thousand tons) in the 2015/16 year, down 400 thousand packets (34 million 500 thousand packets, 5 million 865 thousand tons) compared with the previous month's forecast, but the two forecast production is lower than last year.

At the same time, consumption is expected to drop to 30 million 500 thousand packages (5 million 185 thousand tons) and the remaining (export) 1 million 236 thousand packages (2 million 101 thousand tons).

On Friday, the India S-6 ginning factory picked up a price of 34600 rupees / candi, a discount of 66.20 cents / pound, and the price of CFR in the Far East overflowed 1020 points in the new contract.

In the Punjab J-34 ginning factory, the delivery price is 3650 rupees / mod, 66.50 cents / pound.

Domestic market 4 19, Xinjiang, Akesu, Bachu,

In other places, 2128C2 (3129C2) and 2128B2 (2129B2) grade lint and the broken weight ratio in 27-28CN hand picked cotton gross weight quotations generally rose to 12200-12300 yuan / ton, "double 28", "double 29" hand picking cotton price quotas reached 12500-12600 yuan / ton, the inquiry cotton textile factory in the mainland,

Compared with March, turnover also eased.

On April 13, 2016 -15, reporters in the Xinjiang production and Construction Corps, the 29 division and the 33 regiment of the second production division of the Taklimakan Desert, made an aerial photograph of the cotton field.

According to the formula of the national reserve cotton sales price, the reference price is 11548 yuan / ton at present.

At present, spot sales in the market are still good and prices are strong. In Xinjiang, Akesu, Bachu, Korla and other places, the quotations of "double 28" and "double 29" hand picking cotton have reached 12500-12600 yuan / ton.

Although the dumping information was released as expected last Friday, the content is basically the same as expected. However, it limits the maximum amount of reserves and the information of the next year's collection and storage, re examines the weight and quality of the public inspection, and does not conform to the standard requirements of the reserve cotton. It has limited the expected arrival of cotton reserves in time and quantity, and has formed a support for the rising price of Zheng cotton.