Recently, Domestic Spot Cotton Prices Continued To Rise.

Recently, the domestic spot

Continuing to rise, the main contract of Zheng cotton yesterday was even higher.

"Although the warehouse is full of cotton, it can not get out of stock in the short term.

The tight supply pattern has not been changed, and the reason why cotton prices have not risen has been the reason why middlemen continue to raise prices and raise their prices. "Cotton prices in Jining, Shandong Province," said Lao Lu, a cotton trader. The main reason for the rise in cotton prices is insufficient supply. At the same time, market speculation on this subject is not ruled out.

Recently, influenced by various unfavorable factors,

The number of listing is not as good as that of the early stage, and much less than that of the market. At the same time, not only the reserve price of the cotton auction has been rising, but the average price of the actual paction is also higher every day, such as the average paction price in June 28th is 341 yuan / ton higher than that in the previous trading day.

At present, the supply of cotton market in China relies mainly on the storage of cotton reserves to ensure that the market supply will not only become more intense if the quantity of reserve cotton is out of stock and the price of the paction is rising continuously. The psychology of participants hoarding, selling, and raising prices and raising prices will also continue to increase.

It is estimated that in the case of no increase in the sale and output of reserve cotton, the domestic cotton price will hardly come back sharply before the listing of new cotton.

Zhejiang Ningbo cotton yarn processing industry old week believes that the recent cotton prices in India and Pakistan countries on cotton and cotton in the United States and Brazil continue to rise, indicating that the demand for cotton in India and other countries is undervalued. This will boost exports of US cotton and make good international cotton prices, while the strong price in the international market and the expected decline in global cotton output in the new year will help domestic cotton prices go up.

In addition, the lack of domestic cotton production in the new year is a foregone conclusion. It also worries the market, and the supply disruption may occur at any time.

According to the survey results released by the relevant agencies, the cotton planting area in China has been greatly reduced in the new year, with the reduction of more than 20% in the main producing areas such as Hebei. In addition, the cotton growing in some areas of Xinjiang has been damaged by severe convective weather in recent years. The prospect of cotton production in the new year is not too optimistic.

Because demand is increasing and production is insufficient, it is a foregone conclusion, which makes the market more optimistic about the cotton price in the later stage.

According to some textile enterprises, although the textile market has been improved since February this year, the supply of 32 cotton and 40 pure cotton yarn is in short supply, and the processing profit of textile enterprises has increased. But after the centralized replenishment stage, many textile enterprises now have a certain amount of cotton stocks, and the market demand for cotton has stabilized. The recent sharp rise in cotton prices has occupied most of the profits of textile enterprises, and the sales of products are not very optimistic. Textile enterprises have already been unable to endure the "torment" of the rising cost of raw materials procurement.

"The profits of textile enterprises are not as optimistic as expected by the market. The high inventory of domestic cotton yarn and grey cloth has already indicated that the downstream market of cotton still needs to be restored.

It is really hard to judge the future of cotton prices.

Lao Zhou said.