Textile Enterprises Stocking Low Price Reserves Cotton High Enthusiasm

Overnight ICE cotton prices rose slightly, while the December contract was 67.12 cents / pound, up 0.25 (0.37%), and the turnover was reduced.

In September 13th, ICE technology rebounded after the first day of cotton fall, and the main contract was sold and rebounded to the drop range after rising more than 100 points. After that, the low position adjustment was again supported by the buyer before closing.

Tuesday India S-6 ginning factory rose again, to 44250 rupees / candi, compared with Monday rose 500 rupee / candi, a discount of 84.35 cents / pound; Punjab J-34 new flower ginning factory pick up price slightly increased to 4440 rupee / candi, discount 80.65 cents / pound.

The cotton area of the saxraxdra was dry on Monday, but the cumulative rainfall since June was normal.

According to the survey, at present, Kashi, Akesu and Korla, the three main cotton producing areas, have less than 10% of the cotton mill trial run and trial mill, and some cotton enterprises with relatively earlier scales have acquired 1000-1500 tons of seed cotton, among which Kashi's Shache, Mengaiti, Jiashi and Bachu counties have slightly more flower gadding plants; Akesu Sha ya, Awati, Awati and other counties generally have only two or three enterprises in the acquisition; the cotton enterprises in the cotton producing area are the least, wait-and-see and wait for consensus.

On the one hand, the seed cotton which was listed before late September was mainly pre - peach, with large moisture, large horse and fiber length.

On the other hand, the issuance of Korla and Akesu cotton areas and the support of credit cooperatives for acquisition loans are not expected until September 20th.

For 40 lint seed cotton purchase price rose to 6.70-6.80 yuan / kg, cotton enterprises worry about panic has heated up.

On Wednesday, Zheng cotton prices shook higher, the main contract opened after the shock fell, the price of early trading rose, followed by high volatility, late price rose.

Zheng cotton turnover decreased, holdings reduced, at present, cotton holdings nearly 419 thousand hands.

1609 the contract settlement price is 13505 (-40), the 1701 contract settlement price is 14110 (+90), and the 1705 contract settlement price is 14205 (+120).

By September 14th, the total turnover of cotton reserves was 2 million 302 thousand and 300 tons, and the total volume of imported cotton was 296 thousand and 300 tons, the turnover rate was 98.16%; the total turnover of domestic cotton was 2 million 6 thousand tons, and the turnover rate was 85.65%.

In September 14th, the average price was 13449 yuan / ton, and the turnover rate was 95.87%.

The price is high, the textile enterprise stock up the low price reserve cotton enthusiasm high.

Xinjiang's new cotton side is currently acquiring the earlier Kashi and Turpan areas. The price of the open balance is 6.5-7 yuan / kg, and the processing of new flowers is up to 0 hours in September 14th. Xinjiang cotton has processed 2660 tons, and the processing capacity is not large. With the advent of Xinjiang's Gore Festival and the Mid Autumn Festival, the amount of new cotton processing in Xinjiang is still not very high in the short term.

In the long run, domestic cotton is in the cycle of consuming large quantities of cotton stock, and it is very difficult to recover the output before the later stage, so the long line Zheng cotton has a strong concussion.

In the short term, Xinjiang's new flower batch processing will take place after the Mid Autumn Festival.

Then pported to the mainland is expected to be up to the middle of October, before the new flower market, the main market is available cotton reserves, and some other textile enterprises before the end of the auction of cotton reserves to actively stocking, expected by the end of September cotton auction will be very active, so the cotton market is expected to be strong before October, but also need to pay attention to the overall trend of the commodity, pay attention to the Fed's interest rate increase trend.