Domestic Cotton Price Index Rose Again

From the domestic cotton market, the current spot market resources are scarce, and spot prices are relatively stable, of which 3128 mainstream prices are 13800-14200 yuan / ton, 2128 and 2129 level prices are around 14500 yuan / ton, because of the two day decline in futures, individual shipments in individual regions are slightly loose, not as strong as before, and some businesses are worried that some stocks will be affected by the fall and sell losses, but at present, they are only partial worries, and no specific measures have yet been taken.

Zheng cotton and cotton reserves strong resonance at the same time, the domestic lint resources shortage is still continuing, the spot market traders continue to rise, and the trend towards the main force of cotton, part of the hoarding traders and even once sold, so that the spot lint market is more and more strong.

Compared with the recent profits of traders, the profits of textile enterprises have been greatly increased due to soaring raw material prices and rising downstream products, except for some large textile enterprises.

Most of the small and medium-sized textile enterprises are still running low level of raw material inventory due to capital constraints.

It is reported that recently

Some farmers in Kashi and Korla, such as Yuli and Pratt & Whitney, indicated that the accumulated temperature of cotton was higher than 2-3 degrees Celsius in the same period in the middle of June. In addition, drought had a certain effect on cotton budding, flowering and Bolling. If not timely drip irrigation, fertilization and field management, the situation of cotton bud abscission and non flowering would be aggravated.

In addition, due to the high temperature, the pests and diseases in southern Xinjiang also entered a high incidence period.

According to the weather forecast, on the 7-8 day of July, most of the cotton fields in Xinjiang were small to moderate rain from west to East. In Akesu, Bazhou and other places, there was moderate to heavy rain. To a certain extent, it could alleviate drought and reduce insect disasters. However, cooling and precipitation would have adverse effects on flowering, pollination and cotton bud growth in North Xinjiang. Moreover, short time thunderstorms, strong rainfall and severe convective weather had great damage to cotton fields, and cotton growers should take precautions against them.

Flood inundation has great influence on cotton buds and blooms, and cotton growers say that they can only wait for the rain to drain in time, and prevent the cotton plants from soaking in water for a long time. The cotton fields in the whole province are flooded. Local cotton farmers generally believe that the cotton output is not as good as last year. The cotton fields in the Hunan province were affected by heavy rains during the rainy season, some farmland was flooded, and the crops were damaged. Some cotton fields with high topography were slightly damaged, and the low cotton fields were seriously polluted. At present, the flood prevention and flood fighting work in the Yangtze River Basin is being carried out. Cotton farmers are waiting for the rain to flood and fertilize them after the rain has cleared up, so as to minimize the losses caused by floods. The Yangtze River Basin has been affected by heavy rainfall for several days. Anhui, Hubei, Hunan and other provinces have suffered serious impacts on cotton growth, including cotton fields in Dongzhi County, Susong county and Wuwei County in Anhui province.

Domestic cotton

The Ccindex3128B rose again, representing the spot price of domestic standard grade cotton, which was 13638 yuan / ton, up 6 yuan / ton compared with the previous day.

Zheng cotton continued to skyrocket and sustained high volatility in the near future. The continuous heavy rainfall in the South has caused serious damage to the cotton producing areas in the Yangtze River Basin, which has a certain positive impact on the cotton output in the new year, and the effect on the spot market is obvious.

At the same time, the national cotton store is still the leading force in the cotton spot market, and the daily output is still 2-3 tons or lower. The volume of output this week has slightly increased compared with last week, but it is far from being able to solve the current demand for textile enterprises. Coupled with the active participation of traders, the auction of national cotton and cotton stores has become more and more popular. The turnover rate has been maintained at 100% for 7 consecutive days, and the paction price has remained strong for the 7 consecutive days.