Cotton Prices Are More Likely To Fall Back.
According to customs statistics, China's cotton yarn imports in March were about 190 thousand and 500 tons, down 23.35% from the same period last year, and the annulus ratio increased by 64.32%.
A total of 468 thousand tons of cotton yarn was imported in 1-3 months, which was reduced by 20.75% over the same period.
2015/16 (2015.9-2016.03) accumulated 1 million 205 thousand and 900 tons of imported cotton yarn, a decrease of 7.79% over the same period last year.
In March, the export of cotton yarn in China was about 30 thousand and 900 tons, an increase of 4.76% over the same period last year, and an increase of 64.36% over the month.
In 1-3 months, 76 thousand and 200 tons of cotton yarn were exported, a decrease of 15.33% compared with the same period last year.
2015/16 (2015.9-2016.03) accumulatively exported 173 thousand and 200 tons of cotton yarn, a decrease of 17.22% over the same period last year.
According to customs statistics, China in March 2016
cotton
The import volume was 37 million 444 thousand and 200 meters, a year-on-year decrease of 37.45%, an increase of 53.38% in the annulus, and the export volume of cotton cloth in China was 760 million meters in the same month, an increase of 71.45% over the same period last year, an increase of 45.81% over the month.
In 2015/2016 (2015.9-2016.3), China imported 279 million tons of cotton cloth, a decrease of 20.19% over the same period last year, and a total of 5 billion 119 million cotton exports, an increase of 11.03% over the same period last year.
In the first quarter of 2016, China imported 94 million 382 thousand and 500 tons of cotton cloth, a decrease of 30.92% compared with the same period last year. The total export of cotton cloth was 2 billion 58 million meters, an increase of 24.05% over the same period last year.
Recently, many commodities fluctuated, and the risk degree of all kinds of products increased. All the exchanges began to take measures to control risks. On Friday afternoon, Zheng merchants informed the cotton futures contract trading margin that the margin was adjusted from 5% to 7%, and the price limit was adjusted from 4% to 5%.
In the past two days, Zheng cotton trading is not as active as before, and the price is also weak. It is suggested that a small amount of empty warehouse can be built. But we should pay attention to controlling risks and prudent operation so as to prevent capital forces from entering again.
Last Friday, ICE cotton contract price fell, 07 contracts 63.69 cents / pound, fell 0.31 (0.48%), volume reduced.
The seeds were planted last weekend.
India
Due to the lack of rainfall last year, the northern irrigation area began to develop slowly.
According to India Cotton Corp statistics, 21 days of seed cotton new flower day listing
lint
50 thousand packages (8 thousand and 500 tons), 12 thousand of which are listed in Maharashtra and Gujarat (2 thousand tons), and 28 million 310 thousand shares (4 million 810 thousand tons) as of 21.
The price of India S-6 is stable, and the price of the kinning plant is 35250 rupees / candi.
Because ruby is weak, it costs 67.60 cents / pound.
To the Far East, CFR price spilled 810 points for the new contract.
20, all trading contracts have different price increases.
On Monday, the weakness of Zheng cotton fell. After the main contract was opened, the concussion went up and then dropped. After that, the low position shook, the volume decreased, and the positions were slightly reduced. At present, Zheng cotton holds nearly 553 thousand hands.
1605 the contract settlement price is 12440 (-235), the 1609 contract settlement price is 12905 (-80), and the 1701 contract settlement price is 12680 (-65).
At present, the warehouse number is 373 (+2), and the effective forecast volume is 1077 (+9).
The spot price of cotton is slightly loose. Korla, Bachu and other places 2128C2 (3128C2) fracture price than the intensity of 28CN and above hand picked cotton original single gross price quoted price 12300-12400 yuan / ton, compared to last week's callback 100 yuan / ton.
Market "double 28", "double 29" (horse value is B) lint resources are scarce and prices are strong.
Downstream textile enterprises are relatively calm, with the use of buy, there are expectations of throwing storage, mostly waiting and watching after the May 1 holiday cotton auction situation.
In addition, as of April 18th, the autonomous region (locality) has sowed 8 million 899 thousand mu of cotton, which is 6% more than that of the same period last year.
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