What Is The Strong Spot Price Of Cotton?

Monday

Price shock trend, after the opening of the main contract price fell, followed by high volatility, intraday high, then fell, trading volume decreased, holdings increased, at present, Zheng cotton holdings of nearly 504 thousand hands.

At present, the warehouse number is 988 (+36), and the effective forecast volume is 760 (+19).

1605 the contract settlement price is 12040 (-40), the 1609 contract settlement price is 12365 (-10), and the 1701 contract settlement price is 12375 (-40).

After two weeks of storage, the turnover rate remained high.

A total of 270 thousand tons of turnover were generated, including 188 thousand tons of imported cotton, 100% of the turnover, 82 thousand and 100 tons of domestic cotton, and 97.46% of the turnover. The proportion of cotton auction business reached 100% this morning.

Although the high proportion of reserve cotton has been provided to the market with a large number of

However, the new flower resources on the market have not seen substantial reduction in prices, so we can see that there are not many new spot resources in the market, especially good quality cotton.

According to the statistics of China Cotton Association logistics branch, in April, the total cotton business inventory in China was about 1 million 187 thousand tons, a decrease of 473 thousand tons from the previous month.

After third weeks of dumping and storage, the selling price of the first round of sale has been lowered again. Although the domestic cotton price index has gone up, the recent price of outer cotton is lower, which has a great influence on the selling base price.

The bottom price of the sale is down, but the spot price of cotton is strong, and it is expected that the trend will be short in the near future.

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Since late April, the spring sowing of cotton in Shandong, Hebei, Henan and Tianjin has been gradually launched.

From the understanding of the situation, the spring sowing in these cotton regions is divided into two stages.

One is from mid April to early May, the price of zhengmian is soaring, the spot market is rising, the market is jubilant, the cotton farmers' confidence is increasing, and the spring sowing has been accelerated. Some cotton farmers in the early stages of hesitation also decided to sow cotton. A cotton grower in Xiajin, Shandong, planted 11 mu of cotton this year, an increase of 4 Mu over last year, and expressed confidence in the cotton price of the next year.

Another is from May 3rd to now, the reserve cotton rotation, spot and Zheng cotton rose abruptly, especially the Zheng cotton oscillation fell, and the market confidence was frustrated.

At this time, cotton spring sowing into a critical period, many cotton farmers began to hesitate.

Cotton farmer Lao Li of Xingtai, Hebei said that although he planted more than 4 mu of cotton this year, he could not be confident enough and worried that cotton prices would not be high next year.

Shandong Dezhou a textile enterprise official said, although the quality of cotton is uneven, but for two reasons, they chose to shoot.

First, the overall quality of new cotton in 2015 is generally poor, and some cotton is even lower than the reserve cotton. Moreover, the cotton reserves are fully certified by the China National Bureau of Commerce, and all indicators of cotton are very clear.

Two, there are not many scattered cotton resources in the spot market. It is difficult to group and the quality is also difficult to guarantee. Some textile enterprises say they will choose cotton reserves from the consistency of cotton.