Cotton Output Dropped Slightly During The Period Of National Cotton Storage.

July 4-8 is

Tenth weeks after the launch, the selling base price was 12635 yuan / ton, up 160 yuan / ton compared with the previous week. The number of delivery days increased slightly after 9 consecutive weeks, and the average price dropped. The highest price dropped by 20 yuan / ton, and the futures price was lowered in advance, and the spot price stabilized.

As of July 8th, a total of 1 million 184 thousand tons were registered, including 296 thousand tons of imported cotton and 888 thousand tons of domestic cotton.

The base price for this week is 13053 yuan / ton, 418 yuan / ton more than last week.

Last Friday (July 8th), the state

Price B index 13544 yuan / ton, weekly rise of 343 yuan / ton, compared with Zheng cotton futures CF1609 contract, the premium is 461 yuan / ton, week reduced 708 yuan / ton, spot water conservancy in warehouse receipt registration and spot arbitrage.

Futures.

Starting last Monday, the current round of vegetable and vegetable crops such as rapeseed meal and sugar rose.

Collective callback, cotton multi head main funds seem to get a slight increase in the amount of information in advance, worried that the air force in deep space is afraid to be encircled and attacked, followed by the withdrawal of large forces. In the past month, the contract CF1609 closed 14005 yuan / ton on Friday, and fell 365 yuan / ton, closing 126470 hands, reducing 1026666 hand, reducing 44.8%, holding 105266 hands, reducing 857398 hands, reducing 35.3%, close to delivery, warehouse receipt restriction, capital withdrawal, turnover and position double drop.

The main force CF1701 closed at 14350 yuan / ton last week, and fell 385 yuan / ton weekly. The turnover was 5550234 hands, an increase of 1971744 hands, an increase of 55.1%, 392722 positions in the positions, 57614 hands reduction, an increase of 12.8%, a large fluctuation in the intraday market, more profit opportunities, increased volume of pactions, increased volume of shipping, and no big trend. The fund was soon left and the positions were reduced.

As of July 8th closing, the top 20 seats, more than 170179 single hand, 35892 less than the previous week, 194114 hands empty, 36588 less than the previous week, 23935 hands empty, 1059 hands less than the previous week, 4 weeks reduced, and some short positions were closed.

In the holding warehouse, 2348 hands are paid, 284 extra weeks, 20793 guarantees, 8426 weeks reduction, and some spot sales are closed.

As of July 8th, 1000 registered warehouse receipts, 55 weekly increases, 790 effective forecasts, and 48 weekly reductions. Under the sharp rise in futures prices, the forecast of warehouse receipts decreased, reflecting a serious shortage of spot resources. The launch of the launch has a significant impact on futures prices. If the number of inputs continues to increase this week, futures prices will still fall.

Us disk: although its own lack of positive, but strong Zheng cotton to give it good support, maintain high and low volatility.

The main contract closed at 65.71 cents / pound last Friday, rising 58 points on Friday.

Later, the probability of falling with China's cotton prices is very high.

On the spot.

Futures price callbacks, spot prices stabilize.

The sale of new cotton in the spot market is basically over, with a fractional offer of 3128 yuan at 14500-14800 yuan / ton.

The two sale of national cotton stores is the main body. The two sale price of the national reserve is normal, with the trading price rising and falling, the rising trend is over, the risk of hoarding is increased, and the promotion of cotton in stock is increasing. The difference between the quoted price and the closing price of the previous day is reduced from 300-500 yuan / ton to 200-300 yuan / ton, and the main price of the imported cotton is 15500-16000 yuan / ton, and the United States cotton is 15000-15300 yuan / ton.

Cotton mill procurement cautious, part of the stock in 1 months or so of the cotton mill suspended procurement, or reduced the number of replenishment, small cotton yarn inventory enterprises, control cotton yarn sales speed, waiting for cotton yarn prices rise.

Because of the large inventory, limited consumption and relatively stable price, long staple cotton has reduced the bargaining space of some enterprises, and 137 of the mainland's delivery price is 21500-21800 yuan / ton.

In terms of rotation.

The sale price was 12635 yuan / ton for tenth weeks, and the turnover was 123477 tons, increasing 16665 tons. The average price on the Friday was reduced to 13761 yuan / ton, which was lower than the weekly average price of 261 yuan / ton, the weekly average price was 13977 yuan / ton, the weekly price Rose 911 yuan / ton, the highest price was 14664 yuan / ton, the weekly price increased by 850 yuan, but the highest price 14740 yuan / ton decreased by 850 yuan / ton compared with last week, which reflected that the auction price increase tended to be rational, and the total turnover reached an import ton.

In view of the problem of insufficient quantity, relevant departments of the state are actively investigating and formulating countermeasures. It is expected that the number of inputs will gradually increase this week, and the paction price will gradually return.

Large inventory trading enterprises need to adjust their sales strategy to increase their risk.

As of July 8th, a total of 772 enterprises have successfully participated in the auction, and the number increased by 27 weeks.

Cotton distribution.

State reserve cotton has become the main channel of resources, and will become the main body of cotton blending.

In addition to a small quantity of "three silk" of cotton in the national cotton store, other cotton "three silk" content is relatively high. At present, the Australian cotton new flower has arrived in Hong Kong, and the cotton price difference with the domestic quality is only 500 yuan / ton (net weight).