The Cotton Yarn Market Is Filled With Cold And Desolate Feeling.
The cotton continued to decline during the week, due to the delayed delivery of reserve cotton.
The price of the national cotton mill dropped, the cotton futures fell, and the spot prices fell.
According to cotton traders in Shandong and Hebei, cotton prices fell by 200-300 yuan / ton in the week, and the turnover was slightly delayed. The spinning enterprises took cautious attitude to take delivery of goods, and some of the previous orders were also broken.
External yarn.
Foreign yarn Market stagflation fell, some of the yarn pactions reduced.
Zhangjiagang traders reflect that at present, the inventory of bonded areas is about 17 thousand tons, a slight increase over the previous period.
The main reason is the sluggish sales of cotton yarn in recent years and the reduction by foreign businessmen.
Price
It brings pressure to the cotton yarn in the bonded area.
According to traders, due to poor digestion in the downstream, it is expected that yarn prices will continue to fall in the near future.
Cotton yarn.
A certain Shandong
Spinning enterprises
The official said that the yarn prices remained stable in recent years, and the overall turnover was small.
Regular combs 32S, 40S, combed 40S sales are relatively good, price dimensions were maintained at 20200 yuan / ton, 22500 yuan / ton, 23500 yuan / ton line, little change compared with the previous week.
The yarn sales in 45S and 50S are slightly better than others.
According to the industry, at present
Combed yarn
Weak market adjustment is slightly smaller than the conventional category, and the overall market is weak.
The price of combed 40S for a compact spinning enterprise in Jiangsu is 27200-27300 yuan / ton, and the price of compact spinning 60S is 31600-32000 yuan / ton.
The state-owned cotton mill has continued to eat a "reassurance", not worrying about the supply of raw materials. With the decline of raw material costs, it has been advantageous to reduce costs and enhance competitiveness for textile enterprises. However, the cost of early procurement and inventory is relatively high, which is unfavorable for the recent profits of textile enterprises. Therefore, the yarn sales are in a slump and the stock of finished products of enterprises increases.
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The extended store has turned a lot of anticipation in the cotton market. The interest of traders in the store has been greatly reduced, and the pressure on selling cotton has already increased sharply.
The recent dumping and storage of RPG means that there will be more and more cotton reserves that can be put into the market in the future. If we take 5000 tons a day, it will be 50 thousand tons in 10 working days, which means that there will be enough guarantee for 30 thousand tons per day in the future.
At present, the market's worries about supply are disappearing, and the selling pressure of inventories is increasing.
Another month into the new cotton year, although the new cotton will not be listed soon, but market psychology will no longer worry about the supply of cotton.
However, cotton will not be "bear" anymore.
The condition for cotton to continue with "bear" is that the cash available on the market is not enough to supply the reserve cotton, which is more than demand.
At present, we do not have this condition. The new cotton year also needs the replenish of cotton to meet the needs of production.
As long as the market needs cotton reserves, the cotton will not bear.
Therefore, the cotton market is returning to the rational state.
Don't worry about American cotton leading the market.
Because some people buy American cotton, the United States cotton can rise; and only cotton yarn sales, Chinese yarn price rise, people will buy cotton.
Therefore, China can only lead the cotton market.
If China's cotton prices drop and cotton yarn prices fall, the interest in buying cotton will surely drop.
At present, the rational throw and storage of cotton reserves has made the cotton market return to reason, and the stability of cotton prices has been a goal pursued by management for a long time, and this goal is being realized.
You can also continue to look at the empty space, as long as your reasons are adequate.
If you look right, the above operation is bound to stop.
Technical methods do not need opinions, so those who praise technical analysis despise research.
They constantly stop their losses and find the opportunities they want; their ability to fight against them needs to be particularly strong, otherwise they will soon collapse.
Investors who study carefully and then trade can be less vulnerable, because they are far less likely to be hit than those who live on technology trading.
In the long run, the value of research is far greater than the value of operation.
If the research is well done, the operation is very simple, just order, not much skill.
The technical investors are very demanding on the operation. He needs to find the key point - the price point and the point of time, that is, the point of time and space, but the probability of finding it is very low, so it is very difficult.
And investors based on fundamental operations only need to find out an interval, for example, the price of cotton can be up to 300 yuan at 12500 yuan per ton, which is easy to close.
Therefore, research is of great value.
People with high operation level are wizards who can not reproduce; ordinary people are more suitable to conduct pactions through research.
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