• <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: jizz国产在线观看| 免费人成在线观看网站品爱网| 亚洲av无码乱码在线观看| 窝窝午夜色视频国产精品东北| 欧美精品v国产精品v日韩精品| 曰韩高清一级毛片| 国产男女无遮挡猛进猛出| 伊人久久波多野结衣中文字幕 | 久久91精品综合国产首页| 青青热久久久久综合精品| 日本免费精品一区二区三区| 国产伦精品一区二区三区在线观看| 久久国产精品亚洲综合| 观看国产色欲色欲色欲www| 日本特黄特色aaa大片免费| 国产乱人伦AV麻豆网| 中文字幕亚洲专区| 第九色区AV天堂| 在线播放真实国产乱子伦| 亚洲大片免费看| 玖玖爱zh综合伊人久久| 日韩乱码人妻无码中文字幕久久| 国产亚洲女在线线精品| 中文字幕av免费专区| 福利免费在线观看| 国精产品一区一区三区MBA下载| 亚洲性猛交xx乱| 国产精品香蕉在线一区| 日本japanese丰满奶水| 六月天丁香婷婷| 丁香婷婷六月天| 羞羞答答xxdd影院欧美| 富二代国app产下载| 亚洲爱情岛论坛| 婷婷六月天在线| 日本一卡2卡3卡4卡无卡免费| 另类专区另类专区亚洲| 99热这里只/这里有精品| 欧美jizz18欧美| 国产三级放荡的护士| www.欧美色图|