Cotton Merchants' Blanket Sale Has Affected The Normal Operation Of The Industry.

Last week, the fund seized the tight gap between the supply of high-grade flowers in the former market, and continued to stir up Zheng cotton, which led to the rise of the US market and spot trading. Cotton merchants sold their cotton products for sale, and cotton mills were hard to find, which had affected the normal operation of the industry. In order to stabilize the market expectations, the NDRC promptly convened relevant departments to discuss stability measures, timely interpreted relevant policies, stabilized market expectations, and at the same time, supervision departments strictly investigated malicious speculation, and the exchange promptly issued risk prompts. Bond Measures such as proportion and price rise, resumption of fee collection and so on, inhibit high-frequency trading, control spanaction risks and stabilize trading order. With the implementation of various measures, the disk trading on Friday has stabilized. The national cotton price B index is 12285 yuan / ton, the week rises 383 yuan / ton, compares with the Zheng cotton futures CF1605 contract, the spot discount is 100 yuan / ton, week greatly reduced 757 yuan / ton. Recently, a large profit margin has been accumulated, and a large number of profit margins have been accumulated. Relevant state departments and exchanges have carried out timely risk warning and control. The current round of inflation may end this week, and it will be closed sooner or later.

Futures: in the lucrative situation, a long profit has not yet been implemented in the profitable situation, but it has not yet been implemented in a profitable situation. The stock market is tight, and the stock market is tight. The peripheral thread and coke are in hot weather, winning the chase, and making use of the high-frequency method to pull down the trading limit. After the government launched the regulation, the five markets stabilized last week. The recent contract CF1605 reported 12385 yuan / ton last week, and the weekly rate rose 1140 yuan / ton, or 10.1%. The turnover reached 33182 hands, 35704 hands reduced, 51.8% reduction, 22146 positions in the position, 788 hands reduced, 3.7% reduction, and nearly the delivery, and the external funds were few to enter, and the internal spanactions were the main ones. The second contract was 1140 yuan per ton. CF1701 closed on 12580 yuan / ton last Friday, rose 1495 yuan / ton, or 13.5%, 2803824 hands, 943034 hands, an increase of 50.7%, 236632 positions, 91508 hands, a reduction of 27.9%. The CF1609 contract closed at 12840 yuan / ton on Friday, rising 1585 yuan / ton in the week, trading 8985708 hands, an increase of 5043980 hands, an increase of 128%, holding 292810 hands, reducing 180300 hands, reducing 38.1%, the market fluctuated greatly, the short-term profit opportunities increased significantly, and the volume of spanactions increased significantly. But because of the excessive rise, the air could not stay, and many of them did not dare to stay long, and the positions dropped.

As of April 22nd closing, the top 20 seats, more than 151879 hands, 94393 less than the previous week, 193814 hands empty, 108221 hands less than the previous week, 41935 hands less than the previous week, 13828 hands less than the previous week. In such a big rise, large holders of positions still show clearance. It can be seen that many take the battle of annihilation, earnings and the strategy that can be left at any time. They can be released at any time. As of April 22nd, 371 registered warehouse receipts, 2 weekly reductions, 1068 effective forecasts, 561 weekly increases, futures from spot to premium has been converted into a premium, in favor of spot spanfer warehouse sales. The US disk exports better, and China's purchases increase. Zheng cotton Skyrocketing, the United States all the way up, on Friday, under the influence of Zheng cotton callback, far month down slightly, May contract closed on Friday 64.42 cents / pound, week rose 444 points, near the delivery, turnover, positions sharply shrinking. The main contract for July closed at 63.69 cents / pound, up 376 points in the week, and the turnover and position were significantly enlarged. In the later period, it is close to the high point in the early stage, and the short-term increase is too big. On the basic side, there is no big change in supply and demand. Medium and long term is still the trend of interval shocks.

On the spot side: futures are hyped up, and cash follows the wind. On the one hand, before the implementation of the market, the high quality cotton resources of "double 28B" in the market resources are becoming scarce. spot price Following the wind up, but the overall amplitude is less than the futures. Two, after the futures boom, the hedging market is in a big loss. The hedging enterprises either lose their positions or wait for spot rises or futures callbacks. As the cotton mill generally used with the purchase, low inventory, the emergence of a sharp rise in the gap around the wheel came out of the expectation of the cotton mill. Most of them did not dare to take over the high priced spot except for a small part of the order. The mentality of the shipper is different, and when the price rises, the goods will be sold at a tight price. It is feared that the price will be hard to sell after the turn out, and some will be reluctant to sell. Spot trading is active, but the turnover is not big. The price has risen by 300-500 yuan / ton, the quality has gone up slightly, and the low quality cotton is 100-200 yuan / ton.

Customs clearance and bonded imports of cotton were also driven up by the US market, and the spot gains were basically close to that of domestic cotton. The "double 29B" price of the mainland library is 13200-13500 yuan / ton, double 28B12800-13000 yuan / ton, double 28C12000-12300 yuan / ton. The price of real estate cotton is 10500-12500 yuan / ton, India 12500-12800 yuan / ton, Ukrainian cotton 12600-13000 yuan / ton, American cotton 13200-13500 yuan / ton, Australia cotton SM1-5/32 level 13700-14200 yuan / ton, 1-1/8 class 13500-13600 yuan / ton. The price of long staple cotton is down under the double pressure of thin cotton wool and difficult sales, and the price of 137 mainland goods is 21600-22000 yuan / ton, which is relatively stable. This round of futures speculation is expected to end this week, and spot will return to calm. Enterprises producing high yarn yarns should seize the opportunity to choose some high-quality resources in the existing resources of the market for later use. Imported cotton, Ukrainian cotton, India cotton prices are close to domestic cotton prices, length and strength are good, but also can be chosen as an object. The first batch of bundling work in the warehouse has ended. The sampling inspection is ongoing. The enterprises will prepare the relevant procedures ahead of schedule, pay close attention to the resources of each library point, make advance preparations in advance and adjust the cotton blending plan according to the quality requirements and resources.