Cotton Reserves Are Approaching The End Of The Round, And Cotton Is Expected To Narrow.

Domestic spot market 3128B lint price at 14200-14455 yuan / ton, the average price of 14290 yuan / ton, 1.10% higher than the beginning of the week, cotton prices rose slightly this week, began to pick up.

Due to the end of the cotton spinning round, the psychological gap between the buyers and sellers of the new cotton seeds is relatively large in the new year, and the quality of the new cotton market is not satisfactory. Due to the industry's increasing expectations for orders, the textile enterprises have strong demand for replenishment, resulting in a rebound in the volume of cotton reserves and the market is beginning to pick up.

With the rapid rise of cotton in the ICE period, the international cotton price has gone up, echoing with Zheng cotton, and the market is warming up.

Futures,

The 1701 contract continued to rise last week and rose sharply in September 19th, closing at 14945 yuan / tonne in September 23rd, up 2.75% from the initial settlement price of 14545 yuan / ton at the beginning of the week.

ICE cotton has been doing well this week, especially in September 20th, when ICE cotton jumped more than 3%, which was helped by technical buying, and the market had risen for the first time in 70 months in a month.

In December, the contract closed up 3.36%, at 70.8 cents per pound, the highest since August 15th.

Then in September 23rd, the four consecutive ups and down appeared to decline. Overall, ICE cotton rose significantly this week.

When the weekly reserve cotton came out except for 25 thousand and 700 tons in September 19th, other trading days

About 30 thousand tons, new cotton will be listed on the market, and the expected difference between the two sides is rather large.

There is a demand for replenishment. Traders and textile companies are enthusiastic about the auction. The turnover rate of cotton reserves this week is 100%, and the paction price also has a big rise.

As of September 23rd, the total planned storage of cotton reserves was 2 million 814 thousand and 800 tons, with a total turnover of 2 million 473 thousand and 100 tons, with a turnover rate of 87.86%. The average price was 13244 yuan / ton, and the 3128 price was 14604 yuan / ton.

Cotton for the current year

Fluctuations, traders quoted prices closely followed Zheng cotton, this week's quotations have been improved, textile enterprises to auction reserve cotton replenishment base.

The price of the downstream cotton yarn has improved slightly. According to the price monitoring of the business community, the average price of the 21S cotton knitted yarn with high quality knitted yarn was 22000 yuan / ton by the year September 23rd, up 0.23% from the beginning of the week.

Although the price of cotton is rising, the textile industry has different opinions on the market outlook. At the same time, the mainland textile enterprises are under the impact of the yarn from Xinjiang and abroad, the sales pressure is greater, the inventory is increased, and the adjustment of cotton yarn price is also small.

Generally speaking, at present, domestic cotton is the most profitable, but there is no significant positive result, resulting in the lack of strength for Zheng cotton. It is expected that the next period of cotton will be mainly limited, and the spot market will echo Zheng cotton and steadily increase.