Second Weeks After The Launch Of The National Cotton Store, The Deal Continued To Heat Up.

Last week (9-13 May)

In the second week, the turnover continued to be hot. The imported cotton bundles were bigger, the price was lower and the consistency was better. It became a hot spot for traders to compete. The turnover ratio of traders remained at 40-50%, and the total turnover rate remained 100%.

The higher paction price supported the spot price.

Futures speculation end, disk entry into the consolidation, holding down, trading cold.

With cotton prices rising, cotton mill profits have been squeezed and cotton prices are looming.

As the price of imported cotton fell, the bottom price was lowered by 11839 yuan / ton this week, down 92 yuan / ton compared with last week.

Last Friday (May 13th), the national cotton price B index was 12399 yuan / ton, the week rose 39 yuan / ton, compared with the Zheng cotton futures CF1605 contract, the spot premium was 389 yuan / ton, the week increased 39 yuan / ton, the enlargement scope was smaller.

Futures.

Speculation capital withdrawal, the disk adjustment.

The recent contract CF1605 reported on 12010 yuan / ton last Friday, unchanged from the previous week, closing 3196 hands, reducing 1032 hands, reducing 24.4%, holding 14246 positions, reducing 1900 hands, reducing 11.8%, close to delivery, continuous withdrawal of funds, and holding most of the positions waiting for delivery, no longer trading.

CF1701 closed on 12330 yuan / ton last Friday, fell 70 yuan / ton weekly, traded 821092 hands, an increase of 111442 hands, an increase of 15.7%, holding 214608 hands, reducing 6044 hands, 2.7% reduction.

The CF1609 contract closed 12300 yuan / ton on Friday, and fell 50 yuan / ton weekly. The turnover was 3073116 hands, an increase of 876628 hands, an increase of 39.9%, 258696 positions in the position, 35346 hands reduction, 12% reduction, and a round of small rebounding rounds launched on Tuesday after a round of hot turnover and a high maintenance price.

As of May 13th closing, the top 20 seats, more than 151991 single hand, 10666 less than the previous week, 181480 empty, 13698 less than the previous week, 29489 hands empty, 3032 fewer than the previous week, a slight decline.

Futures returned to the discount, the heat of warehouse receipts registration weakened, as of May 13th, 952 registered warehouse receipts, an increase of 470 weekly, effective forecasts of 741, weekly reduction of 482.

Us disk: China has sold 9 tons of imported cotton for 188 thousand trading days, most of which are cotton and the bottom price is only 11000 yuan / ton, and the paction price is 12500 yuan / ton. Even if the paction price is only about 67 cents (considering customs clearance and quotas), this will greatly inhibit China's demand for American cotton.

The price of the disk is under pressure, and the main contract closed at 60.83 cents / pound last Friday, down 109 points on Friday.

In the near future, the technical 60 day moving average may have some support. Later, we can see that the number of imported cotton imported from China will reach the bottom price if it reaches 30-40 tons. The US market will break 60 cents / pound and return to the bottom of the previous stage.

On the spot.

A big round of auction increases, a strong support for the spot market price, plus the spot market.

Relatively scarce, spot selling prices are relatively stable.

The "double 29B" price in the inland library is 13200-13400 yuan / ton, double 28B 12800-13100 yuan / ton, double 28C 12000-12300 yuan / ton, the price of the regiment is 200-300 yuan / ton, the price of the real estate cotton is 10500-12500 yuan / ton, and the imported cotton spot is squeezed under the pressure of the import and export of cotton resources, and the price is rather disordered, and there are few pactions.

The long staple cotton is relatively stable, and 137 of the mainland's delivery price is 21000-21500 yuan / ton, with a turnover of less than 21000 yuan / ton.

Cotton distribution.

It is convenient for cotton mills to choose and distribute cotton. The reserve cotton that we bought last week will come to the factory in large quantities this week. The change of color level is the main problem to be considered in cotton blending. We must pay attention to it. Some domestic cotton, especially local cotton, has great difference in quality within batches. We should do a good job of sorting and sorting.

Prevent large fluctuation of yarn quality.

In terms of rotation.

Second weeks after the launch, the bid price was 11931 yuan / ton, and the turnover was 149750 tons, of which 54394 tons of domestic cotton were sold. The average paction price was around 11800 yuan / ton, because the base price was reduced by 90 yuan / ton, and the daily turnover increased from 7000 last week to 11000 tons.

95356 tons of imported cotton were traded, with a turnover rate of 100%. The average paction price was 12560 yuan / ton, an increase of 30 yuan / ton compared with the previous week, mainly due to the reduction of 4000 tons of daily delivery.

Last Friday, the average price of imports of cotton was 12404 yuan / ton, 150 yuan / ton lower than the previous period, and traders accounted for nearly half of the volume. The total volume was close to 80 thousand tons, which required a digestion process. If the amount of 20 thousand tons or 20 thousand yuan per day is still maintained this week, the paction price is expected to decrease significantly.

As of May 13th, 453 enterprises have successfully participated in the auction, with an average turnover of 600 tons, with a total turnover of 270 thousand tons, which is equivalent to the consumption of half a month in the country. It is expected that with the increase in the volume of turnover, the turnover rate will gradually decrease, the price increase will also decline, and the starting price has been reduced by 92 yuan / ton. The average price of this week's business will be reduced.