Small Amount Of Money Invested, Hot Cotton Prices Rose, Spinning Enterprises Bitter

Last week (27-7 June, 1) Reserve cotton In the ninth week of the launch, the selling price was 12475 yuan / ton, up 150 yuan / ton compared with the previous week. market The gap continued to accumulate, and the average price of the transaction increased by 836 yuan / ton. The highest transaction price broke through 14000 yuan / ton, and the weekly price rose 500 yuan / ton. As of July 1st, a total turnover of 1 million 60 thousand tons, of which 296 thousand and 100 tons of imported cotton, 98.16% of turnover, domestic cotton traded 760 thousand tons, turnover rate of 97.34%. The sale of new cotton has basically come to an end, and it has become the main channel for the purchase of cotton mills. The average daily turnover of 20 thousand tons has a gap with the amount of cotton mill. The gap in the spot market stimulated futures to rise, and Zhengzhou cotton's main contract rose 1305 yuan / ton. Cotton prices explode, benefiting from the state, stockpiling traders also benefit a lot. The cotton turnover in the previous stage is generally more than 1000 yuan / ton, which stimulated more participation, and the transaction price was pushed higher. Suddenly rising cotton prices made the cotton mill unprepared, and the price of cotton yarn did not follow. cotton The textile industry association of Henan and other textile associations have written to the State Council for support. The base price for this week is 12635 yuan / ton, up 160 yuan / ton last week. Last Friday (July 1st), the national cotton price B index was 13201 yuan / ton, the week rose 506 yuan / ton, compared with the Zheng cotton futures CF1609 contract, the premium was 1169 yuan / ton, the week expanded 519, and the spot water conservancy was registered in warehouse receipt and spot arbitrage.

Futures. On the one hand, the volume of supply continued to accumulate, the market supply and demand gap continued to accumulate, and the bull market took advantage of the upward trend. On the other hand, the rapid rise of futures prices and spot prices rose sharply, and some of the funds rushed to carry out the arbitrage of national cotton stocks to the futures market. The market could further reduce the resources, and the market price could be further reduced. The price of futures traded and futures prices rose in turn. The recent contract CF1609 reported 14370 yuan / ton on Friday, and the weekly price rose 1025 yuan / ton. The turnover was 2291336 hands, reducing 707970 hand, reducing 24.4%, holding 162664 hands, reducing 81456 hands, reducing 33.4%, due to the warehouse receipt restriction, close to delivery, capital withdrawal, turnover and position double drop. The main force 1701 closed at 14735 yuan / ton last Friday, rose 1305 yuan / ton, traded 3578490 hands, an increase of 1470736 hands, an increase of 69.8%, holding 450336 hands, an increase of 64152 hands, an increase of 16.6%, a substantial increase in volume, most of the Department's pull up, most of the increase in positions from September shift, many still take the rapid pull up, quick decision strategy, few holding positions. As of July 1st closing, the top 20 seats, more than 206071 single hand, 363 less than the previous week, 230702 hands empty, 22261 less than the previous week, 24994 hands empty, 21898 hands less than the previous week, 3 weeks reduced, the short end was encircled. There are a small amount of checks in the warehouse. In the absence of spot and rising all the way, some people choose futures, sell 29219 guarantees, and reduce 679 hands weekly. As of July 1st, 945 registered warehouse receipts, 59 additional weeks, 838 effective forecasts and 48 weekly reductions. The number of inputs can not meet the market demand continuously, directly pushing up the futures and spot market prices, but the price of the latter gauze has not been effectively transmitted, which has caused some enterprises to stop production and lose money. The relevant departments are actively taking measures, and are expected to improve. Us disk: maintain a high level of oscillation if the planting area is increased and the demand of the international market has not increased effectively. The main contract closed at 65.13 cents / pound last Friday, rising 54 points on Friday. Later, the price fluctuation of China and India is very high.

On the spot. The sale of new cotton in the spot market is basically over, and the two sale of national cotton stores is the main body. Because of the continuous reduction in the volume of sales, the transaction price has been continuously increased. The two sale price of the National Reserve has been rising normally with the transaction price. The rapid rise of cotton prices has made the mills unable to digest, resulting in losses. Some of the enterprises with a little stock have stopped purchasing. Some enterprises have reduced cotton consumption through limiting production. In the current round of rising, the purchasing of cotton mills is not common. Long staple cotton is relatively stable due to large inventory, limited consumption and 137 inland delivery price of 21000-21500 yuan / ton.

In terms of rotation. Ninth weeks, the selling price was 12475 yuan / ton, and the weekly turnover was 106988 tons. The average price was 13066 yuan / ton, and the weekly price rose 836 yuan / ton. The total turnover was 1 million 60 thousand tons, of which 296 thousand and 100 tons were imported cotton, the turnover rate was 98.16%, and the domestic cotton 764 thousand and 200 tons, the turnover rate was 97.34%. The highest price is another record high, breaking 14000 yuan / ton for 2 consecutive days. At present, the amount of daily delivery can not meet the normal dosage of cotton mill, and the gap has accumulated effect. On the one hand, the price is rapidly fried, the price of gauze can not rise simultaneously, the rising cotton price has eroded the profits of the cotton mill, and more seriously, it has caused some enterprises to stop working and wait for material, which has seriously affected the healthy development of the industry and social stability, and the national development and Reform Commission attaches great importance to it. How to ensure the normal production of textile industry, guide market expectations, effectively prevent and control capital speculation, release the inventory of trade enterprises, increase effective supply of market, and prevent and control market risks will become the focus of attention. As of July 1st, a total of 745 enterprises have successfully participated in the auction, and the number increased by 19 weeks.

Cotton distribution. New cotton resources in the market have been very scarce. The national cotton reserves have become the main channel of resources, and will become the main body of cotton blending. Compared with the new cotton spot, the purchase of national cotton stores sometimes takes longer time, usually in 3-7 days, some longer, and the two sale of national cotton picking time is relatively short. The quality changes of different national cotton stores are different in the year, but the moisture regain, horse value and climatic conditions of storage sites also have great influence on the degree of variation. Reference can be made to the color level of public inspection to reduce the fluctuation of quality.

Operation suggestion. At present, the trend of the disk has been separated from the fundamentals and technical aspects, and has been completely controlled by funds. Once the volume is released or the textile specialty is opened, the price will drop rapidly. Pay close attention to relevant policies.