The Resumption Of Reserve Cotton Market Has Finally Come To Light.

At present, Xinjiang's early purchase area is still at 6.5-7 yuan / kg, but the water content of the new flower purchased earlier is larger.

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, the cotton trading situation and the new cotton listing progress have a greater impact. In the past two days, the cotton sales volume was hot, and the price of Zheng Mian rose.

We need to be cautious about the suppression of massive listing.

At the same time, we need to pay attention to the overall trend of commodities and pay attention to the Fed's interest rate increase trend.

Overnight cotton prices rose sharply during the ICE period, and 68.37 cents / pound in December, up 1.04 (1.54%), and the turnover increased.

In September 19th, China's Zheng cotton futures rose sharply to stimulate ICE futures intraday rise sharply, and then profits to suppress cotton prices sped up all the gains, but the weak dollar in late trading and global stock market red cotton prices rebounded rapidly and finally substantially increased, volume significantly enlarged.

With the coming of the coming round, the short term supply situation in the Chinese market deserves attention.

According to statistics from the US Department of agriculture (USDA), 18 to 48% September, the new cotton flower and boll opening 48% increased 7 percentage points from last week, 54% in the same period last year and 56% in the last five years.

By September 18th, the average picking rate of 15 cotton areas in the United States was 6%, an increase of 2 percentage points from the previous week, which was flat compared with the same period last year, averaging 7% in the past 5 years.

According to the report of the seedling situation, 84% of the new flowers were normal (excellent 9%, good 39%, 36%), and the abnormal ratio was 16% (12%, 4%).

By September 16th, the cotton planting area in India reached 10 million 223 thousand hectares (153 million acres), a decrease of 11% compared with the same period last year.

The lowest crop purchase price (MSP) for autumn crops in India this year will be implemented from September 1st, but the market price is far higher than the lowest purchase price of India Cotton Corp (CCI).

According to the notice issued by CCI in June this year, the purchase price of grade seed cotton in 2016/17 is 3860 rupees / KT (according to the current India rupee RMB 1:0.0996, or about 3.84 yuan / kg).

The purchase price is close to 6000 rupees / weight. The lowest purchase price of long staple cotton is 4160 rupees / weight.

Since last Friday, India S-6

The price rose 1000 rupee / candi, the price of the ginning factory was 47250 rupees / Kan 90.10 cents / pound, and the pick up price of Punjab J-34 ginning factory was 4600 rupee / candi, 83.60 cents / pound.

Maharashtra new flower began processing.

It is understood that in recent days, Wusu, Jinghe, Shawan and other places cottonseed prices fell slightly, oil mills and middlemen from the ginning factory to 2.52-2.55 yuan / kg, Shihezi, Karamay, Kuitun and other places, the purchase price of cottonseed seed 2.60-2.70 yuan / kg, compared with the first half of September, the overall reduction of 0.10-0.20 yuan / kg.

In September 20th, Kuitun, Wusu and other places 40 linen, less than 13% cotton seed purchase price 6.70-6.80 yuan / kg, the highest purchase price does not exceed 7 yuan / kg.

As of 0 September 20th, Xinjiang accumulated 16897 tons of cotton processing, of which 14816 tons were processed by local enterprises and 2081 tons by corps.

A total of 1500 tons of cotton were tested in the whole country. The local inspection volume in Xinjiang was 1280, and the inspection volume of the Corps was 184 tons.

On Tuesday, Zheng cotton futures contract prices continued to rise, the main contract opened sharply, followed by the trend of volatility, late price rose, today, Zheng cotton holdings increased by 38 thousand and 900 to 502 thousand hands.

1701 the contract settlement price is 14780 (+240), the 1705 contract settlement price is 14905 (+255), and the 1709 contract settlement price is 14990 (+195).

As of September 19th, the cumulative turnover of cotton reserves totaled 2 million 352 thousand and 900 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 2 million 56 thousand and 600 tons, and the turnover rate was 85.95%.

Xinjiang xincotton, xincotton began processing public inspection, the amount of public inspection is very small, as at 0 o'clock in September 20th, Xinjiang cotton processing totaled 16897 tons, the national total public inspection volume is only 1500 tons, and then remove the Xinjiang local textile enterprises urgently needed cotton, so Xinjiang new cotton pported to the mainland in bulk until October in the middle and later.

In the past two days, due to the reduction in the quantity of cotton stocks to about 25 thousand tons, the turnover rate was close to 100%, and the average paction price continued to rise. Today, the stock market of cotton reserves has been restored to 30 thousand tons, and the turnover rate is still 100%.