Zheng Cotton Main Contract Opens The Mad Bull Market Again

From the perspective of downstream spinning mills, weaving mills and garment enterprises, the price of grey cloth and medium and high count cotton yarn has not only gone up but has declined periodically, and the order of internal and external sales has shrunk with the appearance of off-season.

And now exists.

In the spot, the traders who actively bid for the national cotton store and the cotton enterprises with relatively strong awareness of cotton insurance in the 2016/17 year think that the rise of Zheng cotton oscillation is an amendment to the cotton price and seed cotton price of 2015/16, which is conducive to the acquisition and processing of cotton and cotton growers in the next year.

What are the reasons for triggering this round of mad bull market?

I believe that the British referendum is "successful".

Short term pressure on the heads of speculative funds has been removed, and commodities are still rising.

The United States, including Europe, the United States, Japan, Germany and other developed countries, such as the United States, Japan, Germany and other developed countries, the stock market giant earthquake, the trading company's confidence is not too much to be described by "panicked," but the Chinese stock market has quickly bottomed out after a brief panic. Some agencies believe that Britain's "accident" has become a reality with the British "accident". Before September, the last uncertain nuclear class level was exploded, and the US dollar index fell sharply to pave the way for the rebound of commodities (including agricultural products).

In addition, a certain amount of funds went into the commodity futures market after fleeing from the stock market in Europe and Japan. The funds were again staged in the ICE stage cotton and Zheng cotton disk.

Cotton main production area weather speculation comeback, the increase in cotton prices in 2016/17 is expected to increase.

5. In June, besides Xinjiang cotton area, it was attacked by low temperature, rain, wind and sand, hail and hot weather, and Jiangsu, Anhui and Hubei.

Cotton area rainfall, tornadoes and other disastrous weather also followed. Some media and research institutions analyzed the next year cotton postponed listing, the probability of quality and production decline is larger, some textile enterprises and traders bid for the national cotton stocks will increase, the national cotton auction bid price, the average paction price rise continuously (in June 28th, the average price of national cotton store average 12868 yuan / ton, compared to the first week of May 3-6 average price of 12066 yuan / ton high 802 yuan / ton), stimulated the market to buy high not to buy low enthusiasm.

The average daily output of traders will not increase significantly, and the tight domestic cotton supply will be difficult to ease.

Recently, the relevant departments of the state issued a notice to raise the ability of inspection and storage, to increase the loading and unloading of warehouses, and to raise the level of warehousing and warehousing. As the top priority of the national cotton mill, however, there was no news about the average daily output of cotton stored by cotton enterprises and traders. At present, except for the output of 30 thousand tons per Monday and two, the daily output is basically around 20 thousand tons. In the case of domestic cotton consumption in 2015/16 and the high price of imported cotton, how to solve the cotton demand of small and medium textile enterprises?