Zhengmian Broken Position Rose Within The Border Enterprises To Use Cotton Tension

In 2016 1-5, the total export volume of textiles and clothing in China was 101 billion 16 million US dollars, down 1.97% from the same period last year. The total export volume of textiles was 43 billion 325 million US dollars, down 0.03% from the same period last year. The total export volume of garments was 57 billion 692 million US dollars, down 3.19% from the same period last year.

On June 20-24, the reserve price of the reserve cotton rank was 12325 yuan / ton, which was 39 yuan / ton lower than the 12364 yuan / ton sales base price in June 12-17.

The average daily output of the State Reserve is 20 thousand tons, which is difficult to increase.

1, as the new cotton in Xinjiang has basically been sold out, and only the remaining Korla stock in the Xinjiang can go abroad to store cotton, so the Xinjiang cotton enterprises are forced to buy cotton from the mainland at high prices without pportation subsidies.

2, due to the fact that the rate of public inspection is not up to speed and the storage and storage is unwilling to leave the warehouse, the average daily output of the national cotton storage is only 20 thousand tons this week.

This is the basic condition of this cotton breaking position.

Although the paction rate of state-owned cotton has declined, the average price of the paction has been rising. This shows that the enthusiasm of bidding is still high.

The trend of Zheng cotton depends to a large extent on the attitude of the government to throw away the reserve. It is also necessary to guard against the implementation of the public inspection from bag inspection to 30% sampling inspection, and the implementation time.

3, internal and external yarn prices rose simultaneously, and the outer yarns rose faster than cotton.

From early May to now, cotton rose 300 points, domestic yarn C32S rose 400 points, import yarn C32S rose 520 points.

4, the demand for new cotton with better color grade is stable.

Financial pressure is small.

Because the new cotton has the advantage of color level, the new cotton can only be used for making bleached yarns and cotton, so the demand is more stable.

Cotton buyers are reluctant to sell in early June, and there is no financial pressure on processing plants.

5, India and Pakistan due to a substantial reduction in production and weather factors speculation, cotton and yarn prices increased substantially, cotton imports increased, resulting in ICE cotton strong, and also formed support for Zheng cotton.

Operation: we should continue to hold more and guard against changes in policy.

Operation: we should continue to hold more and guard against changes in policy.

(1) on June 20-24, the reserve price of the reserve cotton rank was 12325 yuan / ton, which was 39 yuan / ton lower than the 12364 yuan / ton base price on June 12-17.

(2) according to the latest statistics of the General Administration of Customs of China, in May 2016, the export volume of textiles and clothing was US $23 billion 516 million, an increase of 12.74%, an increase of 0.53% over the same period last year.

Among them, exports of textiles (including textiles, yarns, fabrics and articles) amounted to US $10 billion 205 million, an increase of 1.59% over the same period last year. Exports of garments (including garments and accessories) were US $13 billion 311 million, down 0.27% from the same period last year.

(1) the US Department of agriculture report shows that on June 2016, 3-9, the net volume of US cotton exports was 14 thousand and 500 tons in 2015/16, a decrease of 42% over the previous week, a decrease of 54% over the previous four weeks average.

The shipment volume was 31 thousand and 900 tons, 31% less than the previous week, and 38% less than that of the previous four weeks.

They are mainly shipped to Vietnam, Turkey, Mexico, China (3810 tons) and Indonesia.

(2) the US Department of agriculture's June global cotton supply and demand forecast report has many domestic profits.

US stocks increased by 22 thousand tons at the end of the year, and China's output fell from 218 thousand tons to 4 million 681 thousand tons in 16/17, ending 440 thousand tons to 11 million 909 thousand tons.

As of June 17th,

A total of 872 thousand tons were delivered, with a turnover of 853 thousand tons, with a turnover rate of 97.88%.

Among them, 302 thousand tons of imported cotton wheels were exported, and 100% of them were traded. There was no imported cotton in the national cotton stores. The total output of domestic cotton was 570 thousand tons, and the turnover rate was 552 thousand tons, with a turnover rate of 96.76%.

Cotton prices showed strong internal and external weaknesses, and internal and external spreads widened.

As of June 17th, China's cotton price index was 12667, an increase of 22 points.

The port price of imported cotton was FCM at 12230, reduced by 84 points, and Cotlook:A index decreased by 95 by 11938.

Cotton prices rose sharply this week. The price difference between China's cotton price index (3128) and imported cotton ports was 439, and the difference was 731 between the Cotlook:A index and the cotton price index.

This week chemical instead of fiber: Polyester continues to fall, while viscose prices are stable.

By the end of June 17th, the mainstream prices of polyester and viscose were 6600 and 13600 respectively, the -20 and 0 respectively, and the 3128B price of cotton was 12667, and the difference between cotton and chemical fiber was 6067 and -933 respectively.

Domestic yarn prices continued to rise slightly this week.

In June 17th, the price indices of C32S, JC40S and OEC10S were 19600, 23415 and 11450 respectively, and the ring ratios were changed by 40, 30 and 20 respectively.

The price of imported yarn is higher than that of domestic yarn, the price of imported yarn is FCYC32S at 20210, the ring ratio is 130 points higher than that of domestic yarn 610 points.

This week, Zheng cotton volume increased, bulls re entered significantly, the total position increased by 186 thousand to 703 thousand hands.

Weekly view, the weekly average line empty pattern gradually pformed into a multi headed pattern. At present, the price of the previous high price station still needs to wait and see. According to the index, KDJ has been oversold, and the period price is also far away from the EMA. Therefore, the weekly line is facing or facing short-term callbacks, but in the long term, Zheng cotton is still strong.

On the daily line, the price will break the previous high point, and the average line will be arranged in a long way, MACD golden fork.