• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Auction Of State Cotton Stores Will Push Price Differentials Down

    2016/5/6 16:29:00 28

    National Cotton StoreAuctionSpreads

    The 2015/2016 annual reserve cotton rotation started in May this year. The specific rotation time is the national statutory working day from May 3rd to August 31st this year. The total output is not more than 2 million tons, and the daily sales volume is not more than 30 thousand tons in principle, giving priority to arranging imported cotton wheels.

    The policy of reserve cotton rotation continued the general idea of "four benefits" last year, according to the way of "asymmetric rotation, first round and backward entry, multiple rounds and fewer rounds".

    Auction price

    The pricing mechanism is as follows: this week, the reserve price of cotton reserves is sold (the discount standard level 3128B) = the average price of the cotton spot price index in the domestic market last week. The arithmetic average value of 50%+ is 50%.

    Beginning in mid April, domestic cotton futures prices rose rapidly at the time of national reserve auction postponed, industry replenishment, and funds. During the period, spot prices rose 600 yuan / ton, and futures prices rose 3000 yuan / ton.

    futures prices

    Once converted from the previous premium of 11% to 11% of the premium.

    Despite the decline in cotton production and imports and the delayed effect of the national cotton auction, cotton supply has improved, but domestic and foreign cotton stocks are still at historically high levels, and demand has not really changed.

    Therefore, from a long period of view, the foundation of domestic futures rising water is not solid. In the later stage, with the increase of auctions, the supply of futures will increase.

      

    Zheng cotton

    1609 in April, Zheng cotton broke through the downward trend line and the low level lateral oscillation interval, launched a strong wave of market and established a long trend.

    The average system will be arranged in a long way. It is expected that the price will rise in the medium and long term.

    The short term price is rising rapidly, and the EMA is far away from each other.

    After the rapid rise of cotton in April, the price of domestic cotton has been significantly higher than that of imported cotton. The domestic cotton price has been 11% higher than that of imported cotton.

    Judging from the current price situation, the converted national reserve cotton auction sale base price should be lower than the current domestic cotton spot price, so it has better competitiveness.

    According to Breck's prediction, domestic cotton production in 15/16 is 5 million 20 thousand tons, cotton consumption to 720 tons, cotton imports to 1 million 100 thousand tons, and national cotton reserve plan to store 2 million tons, if the turnover is above 1 million 200 thousand tons, then the market supply is still ample.

    On the whole, in spite of the high global cotton stocks, the supply of the whole world is larger than demand. But with the decline of cotton production in recent years, the cotton inventory has entered a downward cycle. Cotton's fundamentals have begun to improve, and the international cotton price is expected to be strong. In the domestic market, the storage of the country's stocks is high, and the market supply will be increased by the beginning of May, so that the cotton price will be suppressed. However, with the continuous decline of cotton production in recent years and the decline in cotton and cotton yarn imports, the demand for downstream cotton will also show signs of warming, and the fundamentals of cotton will gradually improve.

    Technically speaking, in the medium to long term, the price of cotton is changing from a downward trend to an upward trend. The average system is arranged in a long way, and the focus of the future price is expected to move upward.

    But the short term price is rising rapidly, and the average is better.

    Therefore, in a comprehensive view, short-term cotton prices will be reduced by the impact of dumping and storage, but in the medium to long term, cotton fundamentals will gradually improve and cotton prices are expected to oscillate.


    • Related reading

    The Future Of China'S Cotton Reserves Is Very Complicated.

    Latest topics
    |
    2016/5/5 20:47:00
    33

    Reserve Cotton Came Out In Early May To Ensure Orderly Supply Of The Market.

    Latest topics
    |
    2016/4/29 20:17:00
    25

    Duty-Free Shops Will Enter The Shopping Mall.

    Latest topics
    |
    2016/4/28 19:35:00
    45

    The "High Value" Of Textile Products Depends On The Rapid Development Of Production Technology.

    Latest topics
    |
    2016/4/26 15:30:00
    18

    Cross Border Electricity Providers Make All Kinds Of Subsidies To Reduce Coupons.

    Latest topics
    |
    2016/4/25 16:00:00
    31
    Read the next article

    In 2015, Revenue Rose 12.28% Over The Same Period.

    In the 2015 financial report, the business revenue of the company was 835 million yuan, an increase of 12.28% over the same period, and a net profit of 160 million yuan, an increase of 15.82% over the same period last year.

    主站蜘蛛池模板: 99国产精品久久| 国产区视频在线观看| 人妻无码一区二区三区AV| 一区二区三区午夜| 精品国产av一区二区三区| 性色av闺蜜一区二区三区| 国产欧美日韩一区二区三区在线 | 麻豆产精国品一二三产区区| 日韩精品无码一本二本三本色| 国产成人精品无缓存在线播放| 久久精品这里热有精品| 麻豆国产精品一二三在线观看| 日本被强制侵犯亚洲系列播放| 久草视频这里只有精品| 中文字幕在线免费播放| 羞羞社区在线观看视频| 性色欲网站人妻丰满中文久久不卡| 可以看的黄色国产毛片在线电影| 一本大道香蕉高清视频app| 男生gay私视频洗澡| 无码人妻一区二区三区免费n鬼沢| 国产91精品系列在线观看| 久久精品午夜福利| 被女同桌调教成鞋袜奴脚奴| 我要看a级毛片| 免费国产成人午夜电影| 中文字幕一区二区三匹| 豆奶视频最新官网| 成人在线视频免费| 国产一区二区三区不卡在线看| 东北女人奶大毛多水多| 老公去上班的午后时光| 女的被触手到爽羞羞漫画| 亚洲永久网址在线观看| 久久五月天综合| 无码人妻精品一二三区免费| 全彩本子里番调教仆人| 78成人精品电影在线播放| 91大神在线精品视频一区| 韩国三级黄色片| 成人免费视频试看120秒|