Where Is The Wind Going Towards The Cotton Market?

On Friday, Zheng cotton futures contract opened up a trend of turbulence. The price of early trading was down, and then it was at a low level. The price shock rose at the end of the market. Today, Zheng cotton holds 504 thousand positions.

1701 the contract fell 65 to 148551705, the contract fell 70 to 149501709, and the contract fell 55 to 15005.

As of September 22nd, the cumulative turnover of cotton reserves totaled 2 million 443 thousand 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 146 thousand and 800 tons, and the turnover rate was 86.46%.

Xinjiang new cotton, Xinjiang xincotton began processing public inspection, public inspection quantity is very small, as at 0 o'clock in September 22nd, Xinjiang cotton processing totaled 24827 tons, the total accumulated public inspection volume is only 2428 tons, and then removed.

Cotton is urgently needed by local textile enterprises, so Xinjiang's new cotton will be pported to the mainland in bulk until mid October.

Overnight ICE cotton prices rose by 71.71 cents / pound in December, up 0.19 (0.27%), and the turnover was reduced.

In September 22nd, the US cotton contract and shipment increased sharply last week to boost the market. ICE futures climbed to a new high this week, and then the profit basket caused most of the cotton price to rise.

The market is concerned about the impact of this weekend's rainfall in the Texas cotton producing area on the new cotton.

In the week of September 15th, the United States signed a net contract of 44 thousand and 900 tons of land cotton in 2016/17, an increase of 45.16% over last week and a shipment of 35 thousand and 800 tons, an increase of 26.27% over last week.

The main contracting countries are Vietnam, Indonesia and China. The net signing volume is 15 thousand and 200 tons, 7 thousand and 200 tons and 5 thousand and 300 tons respectively, and the shipment volume is 2 thousand and 500 tons during the week.

By the end of the week, the United States signed a total of 1 million 112 thousand and 900 tons of Upland Cotton in 2016/17, an increase of 64.68% over the same period, 269 thousand and 700 tons of shipment, 46% of the US land cotton contract, 45% of 5 years, 11% of the shipment and 8% of 5 years.

According to the local private forecast of India, the lint yield of India in 2016/17 is 3050-3100 bales (518.5-527.0 million tons), and the new flower that can be exported is about 400-450 pack (68.0-76.5 million tons). If the output per unit area increases, the export may be more, but the total is less than 2015/16.

On Wednesday, India S-6 new flowers were scarce, and Chen cotton ginning plant's delivery price was 48250 rupee / Kam, 91.75 cents per pound, and the J-34 new flower in Punjab was priced at 4620 rupee / mohnde, 83.70 cents per pound, and 4500 packages (765 tons) of the new flower day in the North.

The regulations for the management of overloaded vehicles running on highways shall come into force on September 21, 2016.

The policy mainly determines the overrun from the volume and weight of vehicle cargo.

First, the policy stipulates that the total height of freight cars should not exceed 4 meters from the ground.

Under normal circumstances, 40 feet high container height 2.72 meters, container trailer plane height (ground distance) 1.45-1.6 meters, total between 4.17 and 4.32 meters.

Indeed, it exceeds the 4 meters of the policy.

The punishment is between 200-1000 yuan.

After the new regulation, the pportation cost increased by about 33%.

Moreover, cotton yarn belongs to the separable cargo, which does not meet the requirements of the eleventh application for highway overload pportation, and the highway management organization will not accept this application.

According to the survey, although the picking rate of cotton picking areas in Akesu and Kashi has been close to 20%-25% before September 20th, the harvest of pre harvest flowers is coming to an end. However, only about 30% of the cotton mill is open to purchase. Most of the cotton processing enterprises are still on the sidelines.

On the one hand, the Xinjiang autonomous region has increased the supervision and inspection of cotton processing enterprises this year. The cotton enterprises do not meet the requirements for rectification, and the rectification is allowed to scale after acceptance. On the other hand, due to the end of August to the beginning of September,

Most cotton areas continue to rain for about half a month. Although they have little effect on cotton yield, they have a great influence on the quality of the peach. The water content of seed cotton is generally 15%-25%, and the phenomenon of mouldy and rotten peach is more. Therefore, most of the cotton mill are delayed to scale up, so as to reduce the loss.

The overall cotton yarn market remained stable, and the demand for air-jet weaving of all cotton yarn 21S and 32S was still moderate. The volume of trading remained concentrated in 32S and 40S.

The overall price of blended yarn is maintained, and the turnover is general.

Individual prices are falling; the turnover of cotton yarn 10S and 30S is acceptable, and prices are rising steadily.

As for the specific situation, the price quotation of imported yarn in Nantong recently is slightly chaotic. Some businesses offer a price increase of 300-500 yuan / ton, but part of the price has not yet been raised considering the issue of downstream shipment. At present, the mainstream price of India spinning C32S is about 22300 yuan / ton.

According to Vietnamese textile enterprises, the inquiry of C32S/2 shares is relatively active. The mainstream quality in October was $2.95 / kg (the cost of clearing 23400 yuan / ton).

New cotton is expected to sell at a high price. At present, Xinjiang's new cotton listed on the list is priced at 14500-15000 yuan / ton, the relative price of reserve cotton is relatively favorable, and enterprises are actively stocking cotton reserves. In the past two days, due to the hot turnover of cotton reserves, the turnover rate was 100%.

In September 22nd, 30 thousand tons of reserve cotton were listed, and the average price was 13849 yuan / ton, up 73 yuan / ton compared with the previous trading day. Today, the stock market is still maintained at 30 thousand tons.

The purchase price in most areas is still 6.5-7 yuan / kg, and the high price in a few areas is over 7 yuan / kg.

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 reserve cotton will become bigger and bigger, and the processing volume of new cotton will not come up very well. Besides, the limit of vehicle weight is limited and the width will be increased. The pportation cost, the price of cotton seed will be increased, the cost of cotton will be increased, and the price of seed cotton will go up. This will affect the price increase of cotton, but it will also be faced with the suppression of the new cotton market.

Pay close attention to the purchase of new flowers in recent days.