The Output Of Cotton Is Reduced And The Market Fluctuation Will Not Be Too Large.

At present, the spot stock of the cotton market is relatively small, and auction has become the main channel of cotton mill for cotton mill, and the amount of input is the focus of attention.

This week, as the price of imported cotton increased, the base price was raised to 12364 yuan / ton, up 165 yuan / ton last week.

Last Friday (June 10th), the national cotton price B index was 12482 yuan / ton, the week rose 30 yuan / ton, and the Zheng cotton futures CF1609 contract ratio, from the premium 12 yuan / ton change 388 yuan / ton, facilitate the warehouse receipt registration.

Futures.

Relying on the support of the 40 day moving average and relying on the support of the daily average of CF1609, the company started to rebound. After the psychological resistance of the previous high point and 13000 yuan / ton, it began to call back on Wednesday. The main contract CF1609 closed at 12900 yuan / ton, and the week rose 430 yuan / ton, because there were only 3 exchange days, the volume of turnover was reduced, 1693624 hands were traded, 1519044 hands were reduced, 47.3% holdings were held, 288458 positions were held, the 13534 hand was reduced, the reduction was 4.5%, the bull profit was closed, and the bears were worried about forcing the stock to be forced.

1701 last Wednesday closed at 12730 yuan / ton, the week rose 400 yuan / ton, clinch a deal 335486, reduce 257146 hands, reduce 43.4%, hold positions 208504 hands, increase 12570 hands, increase 6.4%, part of the Department moved in September.

As of June 8th closing, the top 20 seats, more than 153811 single hand, 2673 less than the previous week, 211731 hands empty, 11648 more than the previous week, 60593 hands empty, 14321 hands higher than the previous week, the air force continues to increase, there is a risk of phased rapid fall.

There are still no insurance packages in the warehouse, indicating that cotton mills are generally not optimistic about the future market, selling 26358 guarantees, reducing 894 hands a week, continuing to reduce, mostly for spot sales.

As of June 8th, 876 registered warehouse receipts, 27 weekly reductions, 850 effective forecasts, 32 weekly increase, futures premium is conducive to warehouse receipt registration.

The total turnover has been 710 thousand tons, exceeding the expectation of the previous market.

From the paction data, the proportion of domestic cotton traders is declining, and the competition between cotton mills is relatively rational.

There are signs of decline. In the later period, even if the quantity of 30 thousand tons per day is maintained, the turnover rate and the average paction price have a downward trend. The pressure on the futures market is obvious. This week, we may again explore the support of the 40 day moving average.

Us disk: in the adverse weather and the weakening of the dollar, it once rushed through the previous high point, the main contract in December hit a new high of 66.45 cents / lb. Last Thursday, it closed down on the profit margin and the USDA report was negative. The main contract in December closed 65.07 cents / pound Friday, up 117 points.

In the late period, global cotton consumption growth was weak, and China's turn came out as the volume increased, the price callback was a trend, and the shock between the 58-65 cents / pound was the general trend.

In terms of rotation.

The sale price was 12199 yuan / ton for sixth weeks. Due to the Dragon Boat Festival holiday, there were only 3 trading days, and the volume dropped significantly. The total turnover was 70515 tons, and the reduction was 48329 tons, of which 70279 tons of domestic cotton were sold. The average price was 11946 yuan / ton, up 18 yuan / ton, and imported cotton was 236 tons, the average price was 12740 yuan / ton, down by 280 yuan / ton.

The total turnover was 716 thousand and 200 tons, of which 296 thousand and 100 tons were imported cotton, the turnover rate was 100%, and the domestic cotton was 420 thousand tons.

At present, the volume of input is the focus of the market.

Too long.

As of June 8th, a total of 673 enterprises have successfully participated in the auction. The number of enterprises has increased by 33 weeks. Large and medium-sized enterprises have been basically involved.

Cotton distribution.

The total number of state-owned cotton stores has reached 710 thousand tons, and over 673 companies have participated in the auction.

It has become the main body of cotton blending for most of the cotton mills. The imported cotton is mainly made in 2012, and the domestic cotton has been in 2011-2013. In the auction, the cotton in the same year is selected as the best choice. The consistency is relatively good. Due to the differences in storage time, storage conditions, packaging materials, moisture regain, horse value and so on, the color variation of cotton in the same year is also very different.

A small number of warehouses have a long storage time. We must know beforehand and prevent the waiting time of taking delivery too long.

On the spot.

Because of the insufficient volume of delivery, the turnover rate remains relatively high, and the average price of the paction is relatively stable.

Yuan / ton, "double 28B" 13200-13400 yuan / ton, "double 28C" 12500-12800 yuan / ton, the price of the regiment is 200-300 yuan / ton; the quality of the real cotton is 10500-12500 yuan / ton; the imported cotton spot is low, the price is kept high, the selling price of the imported cotton is 200-300 yuan / ton lower than the new cotton of the customs clearance, the price of the exported cotton is 12700-13300 yuan / ton, the Australian cotton is 13500-14200 yuan / ton, the imported cotton has been concluded, and the latter market price will be relatively supported. But if the domestic cotton quantity is increased, the price will fall more, it will probably lower the import cotton price. Mainland library "double 29B" hand picked 13500-13700

The long staple cotton is relatively stable. 137, the inland delivery price is 21000-21500 yuan / ton, and the actual turnover is 200 yuan / ton.