Cotton Yield And Quality Will Be Improved.

Recently, Shandong, Hebei and other places with high temperature and clear weather are mainly for the growth of cotton, and the growth of cotton seedlings in Hebei and Cangzhou is better than last year. Shandong, Heze, Dezhou and other places, although experienced early continuous rainy weather, and even hail in some parts of the country, made some negative effects on cotton growth. But after several days of field management, cotton growth basically returned to normal. At present, the cotton plant height in Dezhou is generally at 35-45 centimeters, and some individuals have reached 50 centimeters or more. Most of them have been buds 4-5 / plants. If the weather condition is good, the cotton yield per unit area will increase by 10% or so, and the quality will also be improved.

According to my understanding, this year

Responsible farmland cotton farmers are gradually decreasing, and the proportion of cotton farmers and seed cotton specialized households is increasing. This provides conditions for scientific cotton planting and large-scale planting, and is conducive to the improvement of cotton quality. However, the growth of cotton is good. Due to the sharp reduction in planting area this year, cotton production is still expected to decline a little. In 2014, Shandong Dongying reached more than 2 million 580 thousand acres in the height of cotton cultivation in 2014, but it has been decreasing in recent years, and this year only 90 more Mu is left, with a decrease of 65.1%.

Later, with the current round

At the end of the replenishment, the pressure of domestic lint supply is increasing. Meanwhile, the high proportion of national cotton storage shows that the reserve cotton has a strong substitution for the spot. Many textile enterprises say that the quality of the auction state cotton can completely meet the spinning demand, and the relative price of the new cotton is slightly better than that of the new cotton. Accordingly, it is speculated that if the quality of the late national cotton and cotton auction remains unchanged, the storehouse situation can be improved, and the probability of the domestic cotton market going down will increase greatly in 6 and July as the traditional off-season of the domestic textile industry.

In recent days, the ICE futures and Zheng cotton contracts have risen sharply, and the average daily output of the national cotton reserves has remained at 2-3 tons, which can not effectively increase the impact of the launch, and so on. 2015/16

2015/16 is still below the normal consumption of cotton, so Xinjiang cotton in the year of 2015/16 is still holding the bottom of the stock market; two is the world's main cotton producing areas entering the stage of weather speculation, and the wind vane such as ICE and Zheng has been launched ahead of schedule. Besides, the domestic cotton spot has no other choice; three is the Federal Reserve's interest rate rise in June, the data of poor employment and new housing sales are likely to increase the possibility of the subsequent two increase in interest rates, and the rebound channel of bulk agricultural products is in the open state. As a strong financial attribute, cotton will have a "rising trend". Therefore, even if the short-term cotton spot is rising, the turnover is relatively cold. There are three main reasons for this: the first is about 4 months from the new cotton market, and the domestic cotton consumption is at least 2 million 500 thousand tons. At present, the output of the national cotton reserves is 50-60 tons a month.

Zheng cotton slightly opened after the continued shocks, late diving, the end of the day greatly reduced Yin, trading volume and positions were reduced, the main 1609 contract opened at 13420, closing at 13030, compared with yesterday's settlement price fell 405, the highest 13500, the lowest 13000, settlement price 13255, 592962 hands, reduce 98546 hands, positions 266896 hand, reduce the 81018 hand.

The domestic cotton price index rose overall, of which the Ccindex3128B representing domestic standard grade cotton spot was 12698 yuan / ton, up 12 yuan / ton compared with the previous day.

The output of state-owned cotton stores continued to be stable. Yesterday, Xinjiang Kwu national cotton store, which was auctions yesterday, has finished the highest turnover of 14000 yuan / ton, showing the strong demand of the market for high-grade leather.

The proportion of reserve cotton that circulated to the market has gradually increased recently, but because of the high price of the reserve cotton sold after the traders increase the price, the current sales are often cold, while the spot market new flower price is still relatively strong, mainly due to the high turnover of the current cotton reserve.