The Pressure On Cotton Market Is Getting More And More Obvious: The Market Is Not Too Restless.

Because rainfall may delay the harvest process of new cotton in our country, cotton enterprises will be cautious in the late September when hand picked cotton is concentrated.

In recent days, Shache, Mengaiti, Bachu and so on.

There are more and more cotton ginning plants purchased. The purchase price of hand picking cotton (40% lint and 14% water content) is stable at 6.5-6.6 yuan / kg, and the ginning factory increases the price of one dress by 0.1 yuan / kg, the maximum price is 6.9 yuan / kg or 7 yuan / kg.

Recently, the price of cottonseed has dropped at a high level. The purchase price of the oil factory has dropped from 2.75-2.80 yuan / kg to 2.60-2.65 yuan / kg (to the factory). The pickup price of the ginning factory is only 2.50-2.60 yuan / kg, and the direct cost of lint is at least 300 yuan / ton.

As at 0 hours in September 21st,

Cumulative processing of 21229 tons of lint, of which local enterprises processing 18425 tons, corps processing 2805 tons.

A total of 1677 tons of cotton fiber were tested nationwide, and the local inspection volume in Xinjiang was 1412 tons, and the inspection volume of the Corps was 221 tons.

Cotton prices surged more than 3% on Tuesday, helped by technical purchases, and the market has risen for the first time in 70 months in a month, worried that rainfall may delay the harvest of major cotton producing countries in China.

In December, the contract closed up 2.3 cents, or 3.36%, at 70.8 cents a pound, with a trading range of 67.83-70.9 cents, the highest since August 15th.

Mid term futures researcher

This indicates that in September, the new cotton scale was high and the market was slow, which prompted the cotton textile enterprises to lock their eyes to the country's reserves again. After the Mid Autumn Festival, the quantity of storage and storage dropped to 25 thousand tons / day, further causing concern in the market, promoting the price of trading volume to rebound again, up to nearly 100% in the near future, and thus led to the futures market.

At present, the paction price has also risen to 14650 yuan / ton area, which is driving the market.

Zheng cotton broke through 14300 pressure upward, new cotton concentrates before listing.

But as new cotton concentrates on the market, market pressure will gradually appear.

Wang Yuhong believes that in the pition period, apart from Chen cotton's throwing and storing, the market gradually began to pay attention to the opening of new cotton.

At the present stage, the amount of seed cotton listing is relatively limited, and there are few cotton plants in Kai balance plant, and the moisture content of cottonseed is large, so the market has not yet formed an effective paction price.

Trade enterprises generally expected to open the scale price of 6-6.5 yuan / kg, while the farmers' sales price is expected to be high at 6.5-7 yuan / kg. The seed cotton is estimated to be in the range of 6-7 yuan / kg and the cottonseed is estimated at 2.7 yuan / kg, and the cost of cotton is between 12000-14500 yuan / kg.