Where Will The Price Of Zheng Cotton Continue To Oscillate In The Future?

In the near future, Zheng cotton continued to oscillate, and the two sides were evenly matched. The highest point at noon opened in June 13th was 13225 yuan / ton, and the lowest point in June 15th also dropped to 12730 yuan / ton, and the amplitude was quite large. Then, where will the future price go? Is it going down or rising?

In response to the recent fluctuations in Zheng cotton, a Shandong trader said.

Continuous decline is closely related to downstream procurement.

In April, downstream textile enterprises inventory was tight, looking for cotton raw materials, the spot price rose all the way. At this time, Zheng cotton price was also rising.

In May, the cotton wheel was stored. Although the textile enterprises were in the low season of production, the opening rate of most enterprises was above 80%. The reserve cotton became an important source of making up the gap of the raw material of the textile enterprises. The spot price and the futures price were all rising at this time.

As shown above, as at the end of April,

The trend of fluctuation is basically the same as that of stock.

In fact, the two trend is the same trend in May, but the futures market is much larger than the spot market.

The trader said that in June, the downstream textile enterprises were basically in stock for 30-45 days, when purchasing intention declined, and cotton auction price and turnover rate dropped earlier than before.

Although the production is in good condition and basically under full operating condition, the heat of purchasing cotton by textile enterprises has obviously decreased.

The downstream yarn market also appeared in the market, and the yarn became popular, leading the enterprises to improve the yarn quotation tentatively. At present, the stock of C32S and C40S yarn is basically zero.

Traders also believe that the recent decline in Zheng cotton and the round out policy, held in Dezhou in June 13th, the reserve cotton warehouse and public inspection business process training meeting, the central cotton storage company has clearly expressed the need to ensure that the output of cotton reserves, if the increase in volume, Zheng cotton up market will be suppressed.

According to the present situation of stock preparation of textile enterprises, it is expected that centralized procurement will be made by August.

There may be another wave of rising prices.

It is understood that at present, Zheng cotton has been affected by factors such as spot prices, policies, supply and demand and so on, showing an oscillating trend. As for whether the oscillation is up or down, it is difficult to predict the price. The reporter will interpret the price trend in time for you.