Xinjiang Cotton Enterprises Are Selling Goods And Selling The Following Market Is Uncertain.

Since mid June, the temperature of Kashi, Akesu, Korla and other cotton growing areas in the southern Xinjiang has increased rapidly. The highest temperature has climbed to about 37 degrees. The duration has been nearly a week. Drought in the main cotton producing areas such as Awati, Sha ya, Bachu and Jiashi is aggravating, and the phenomenon of water shortage is quite common. The cotton growing in the large area of buds and flowering and Bolling stages is more obviously affected, and all regions actively organize and coordinate irrigation water.

Local agricultural technicians said that along with the emergence of widespread drought, cotton aphids, spider mites, spider mite and other diseases and pests also entered a frequent period. Technicians went deep into the field to guide farmers to do field management and prevent insects and drought.

　　 Akesu The main cotton producing areas have already opened the sluice ahead of schedule, and the farms and side teams of Nong Yi teachers have been closely Applying Drip Fertigation. The local cotton irrigation progress is relatively slow. On the one hand, the cotton fields are dispersed and can only be irrigated with concentrated water for a long time. On the other hand, the rising cost of agricultural water has an impact on Farmers' enthusiasm this year.

In recent days, ICE futures and Zhengzhou contracts have risen sharply. National cotton reserves The average daily output is still at 2-3 tons, which can not effectively increase the impact of the launch. The price of Xinjiang cotton in 2015/16 is stable.

Traders who hold the supply of goods analyze:

First, 6 months later, it is about 4 months from the new cotton market. cotton Consumption is at least 2 million 500 thousand tons. At present, the output of national cotton reserves is significantly lower than that of cotton consumption in a month. Therefore, Xinjiang cotton in 2015/16 is still holding the bottom of its stock.

Second, the main cotton producing areas in the world have entered the stage of weather speculation. ICE, Zhengzhou and other wind vane have been launched in advance, and domestic cotton spot has no choice except to increase (reducing futures premium).

Third, the Fed raised interest rates in June, bad employment and new housing sales data are likely to make the theoretical two increase in interest rates aborted, and the rebound channel of bulk agricultural products is in the open state. As a strong financial attribute, cotton is in a "rising trend". Therefore, even if the short-term cotton spot stock rises, the transaction is relatively cold, traders have no intention of reducing the price of goods.