Reserve Cotton Pulley Bottom Price Increase Textile Enterprise Bidding Enthusiasm Decline

ICE cotton

Last Friday

The contract price rose, 74.06 cents / pound in December, an increase of 1.02 (1.4%) and an increase in volume.

In July 29th, ICE futures continued to explore bottom after opening, but then the dollar index collapsed, prompting commodities.

Across the board, ICE futures contract rebounded rapidly to nearly 74 cents in December, up 100 points from the previous day.

China's extended round will help keep inventories continue to digest rapidly, and the external market will continue to be strong in the near future. Weather factors will be the focus of attention in the coming weeks.

India Market

Last Friday, the pickup price of India S-6 ginning factory remained stable, which was 89.90 cents / pound in 47250 rupees / candi, and 4780 rupees / mod in Punjab J-34, 86.70 cents / pound.

All cotton contracts fell on Thursday MCX.

On the first Friday, rainfall levels in India were basically the same as in previous years. Gujarat fell by about 42%, and Maharashtra exceeded the rainfall level of 10% in previous years.

domestic market

(week July 25th -7 29), one week.

The total volume of 149 thousand and 200 tons of the total output and 148 thousand and 200 tons of the total turnover, including 94 thousand and 800 tons of textile enterprises, accounting for 64%, and 53 thousand and 400 tons of non-woven enterprises accounted for 36%.

According to the formula for the rotation of the national cotton reserves (Ninth 2016), the formula for calculating the reserve price of the cotton reserve is fourteenth weeks (August 1st -8 5 weeks). The selling price is 14628 yuan / ton (standard class price), which is 252 yuan / ton higher than that of thirteenth weeks 14376 yuan / ton.

Reserve cotton prices rise, the enthusiasm of textile enterprises auction decline.

On Monday, the main contract of Zheng cotton futures rose, and the main contract was sharply lower, which was affected by the US dollar crash. The commodities generally rose, and the price of Zheng cotton rose sharply. After that, the trend of Zheng cotton's concussion, volume decreased and positions decreased.

1609 the contract fell 70 to 143951701, the contract fell 50 to 147301705, and the contract fell 30 to 14680.

At present, the warehouse number is 925 (0), and the effective forecast volume is 722 (-186).

As of July 29th, the cumulative turnover of cotton reserves totaled 1 million 625 thousand and 300 tons, the total volume of imported cotton was 296 thousand and 300 tons, and the turnover rate was 98.16%; the total turnover of domestic cotton was 1 million 328 thousand and 900 tons, and the turnover rate was 98.38%.

In August 1st, the reserve cotton market was 30 thousand tons.

After the development and Reform Commission decided to extend the rotation time of the cotton reserves for a month, the enthusiasm of the cotton merchants decreased slightly, and the paction ratio dropped to 96.75%. The average price of the cotton fell to 13937 yuan / ton, much lower than the fifteen thousand before the new policy, and this week's reserve price rose to 14628 yuan / ton again.

Spot prices have also begun to loosen, and the end of the cotton futures contract will be postponed to the end of September. There will be no supply gap between the supply of cotton and the new flower listing. Some textile enterprises will be in danger of hoarding goods and their cotton will gradually flow out. On the other hand, the price of international cotton will be strong, and the price rise of ICE cotton will form a certain support for domestic cotton prices.