The Efficiency Of Downstream Enterprises Has Been Suppressed. Zheng Cotton Continues To Climb Up Difficulties.

Judging from the baseline price, the price of domestic stocks and rallies increases simultaneously, and the continued uplink of cotton continues to provide additional impetus for the acquisition of benchmark prices.

According to the state's prior plan, 2 million tons of cotton will be put out this year, and 1 million 270 thousand tons have been completed. If this speed is up to the end of August, it should be completed.

But after traders took part in the auction this year, part of the reserve cotton formed a commercial stock and did not flow to the market, resulting in a short supply of demand in the spot market.

But judging from this week's situation, three consecutive days of selling 30 thousand tons of domestic cotton dump has sent a more positive signal to the market, which will effectively alleviate the supply shortage in the late stage.

This year,

The cotton market is very tense, and its spot price has risen from 32000 rupee /candy to the current 45000 rupee /candy, up 40%, or larger than the Chinese spot market.

At present, India needs to import cotton from the international market, and the global market is in short supply.

There has also been a noticeable increase.

The latest USDA data cut production in India and Pakistan, and raised us output, but overall output fell.

At the same time, because of the rise in China's consumption, even if other countries have slightly reduced, total consumption has risen slightly.

Because this year and the following year

Pricing within and outside the cotton spot market means that the internal and external cotton market will be connected in a special way, and the linkage mechanism between the external cotton market and the inner cotton market will be formed.

Judging from the current situation, the linkage between internal and external cotton has formed a spiral upward pattern. The benchmark price of domestic dumping has risen from 12021 yuan / ton to 13053 yuan / ton. Next week, the base price of the reserve will be raised by more than a few hundred yuan per ton or more, pushing up the domestic spot market.

Recently, due to the rapid rise of the futures market and the auction price increase of the reserve cotton market, the price differential data of some early support cotton prices have changed greatly, thus inhibiting cotton prices going up further.

The price difference of cotton, cotton yarn and grey fabric market is analyzed. According to the ratio of basic cotton blending, the processing cost of 32 spinning yarn can be reduced to 6000 yuan / ton in the early stage, but it has been reduced to 5000 yuan / ton in recent years, but it has been recovered recently due to the rise of yarn market. However, the price increase in the downstream fabric market is relatively small, and the cost pfer of the yarn factory will be blocked.

In addition, the futures market rose from -1500 yuan / ton at the beginning of the year to the current 2000 yuan / ton, overdrawing the rising space of the spot market.

To sum up, the uplink space of Zheng cotton price is limited, and the probability of maintaining oscillation is relatively large in the near future.