How Should Domestic Cotton Enter The Market Price Market?

Tuesday

Low price shocks, the main contract opened low, after the intraday bottom price recovery, late price slightly callback, volume reduced, slightly increased positions, the current cotton cotton holdings nearly 447 thousand hands.

At present, the warehouse number is 954 (-12), and the effective forecast volume is 754 (+12).

1609 the contract settlement price is 12365 (-175), the 1701 contract settlement price is 12295 (-75), and the 1705 contract settlement price is 12400 (-50).

As of May 23rd, the cumulative turnover of cotton reserves totaled 437 thousand and 500 tons, and the total volume of imported cotton was 257 thousand and 400 tons, with a turnover rate of 100%.

The total turnover of domestic cotton was 180 thousand and 100 tons, with a turnover rate of 98.6%.

Due to the relatively centralized storage of imported cotton and the large volume of imported cotton in the early auction, the storage speed is slow, and the proportion of reserve cotton entering the market is not high. Besides, the progress of the inspection work will also affect the speed of cotton outgoing.

The price is still strong.

There is a problem of slow running out of the enterprise reaction warehouse. China store cotton said that the warehouse imported 71 thousand tons of imported cotton. According to the minimum daily 500 tons calculation, the outgoing time needed nearly 4 months, allowing cotton purchasing enterprises to apply for return voluntarily.

But it can be photographed.

Most of the cotton importing enterprises will not return the goods, so the problem of slow export of imported cotton is still difficult to solve.

But after a period of auction, domestic cotton began to enter the circulation market gradually. Later, as more and more cotton stores entered the market, the spot price pressure was expected to increase.

In the short term, after two days of decline, Zheng cotton focused on the breakthrough of key issues, and dealt with short-term shocks.

It is suggested that we should pay attention to the turnover and outturn of cotton reserves as well as the trend of other commodities.