The Impact Of Hurricanes On The US Cotton Area Weakened After The End Of The 2015/2016 Cotton Rotation.

In the year of 2015/2016, the majority of new cotton was sold in Xinjiang cotton.

The high purchase price makes the Xinjiang cotton price the spot leader.

Affected by the rising price of new cotton, Zheng cotton has maintained a strong position.

The impact of hurricanes on the US cotton area has been weakened. Meanwhile, the rise in the US dollar index has led to pressure on commodity prices. The ICE cotton has been under pressure and is running below 70 cents / pound recently.

On the domestic side, during the National Day holiday, the purchase price of cotton seed in the territory continued to rise, and the takeover price of hand picked cotton exceeded 7.5 yuan / kg, and the cost exceeded 16000 yuan / ton. A large number of machine picked cotton was listed, but the cost of pickup was higher than that of hand picking cotton.

Continue to climb.

Zheng cotton achieved a good start after the first day of the festival.

Among them, Zheng cotton main contract 1701 opened at 15700 yuan / ton, the highest rise to 15750 yuan / ton, and finally closed at 15630 yuan / ton, up 530 yuan / ton compared with the previous trading day, or 3.51%.

In terms of warehouse volume, the contract volume decreased by 58204 to 321 thousand hands, and the position increased by 1428 to 404 thousand hands.

On the external market, cotton fell 0.6 cents / pound or 0.89% on ICE12 last Friday, at 66.95 cents / pound.

On the spot side, China's Cotton (15530, -55.00, -0.35%) price index (CCIndex3128B) closed yesterday at 15418 yuan / ton, up 66 yuan / ton; 2227B level closed at 14605 yuan / ton, up 36 yuan / ton; 2129B level closed at 15682 yuan / ton, up 27 yuan / ton.

However, the cost of cotton production in textile enterprises increased by more than 2000 yuan / ton compared with August after the replacement of new and old cotton.

The purchase of new cotton is mainly based on purchase and use, and the increase of cotton price is inhibited.

In October, the purchase and processing capacity began to increase significantly. The increase in supply will ease the slate in September. As the processing volume continues to increase, sales pressure will play a role in the market. If the progress of spot sales can not be followed up, some cotton will enter the market.

In this case, although the current market speculation Xinjiang purchase price to promote Zheng cotton rise, but in the overall supply of loose, with the increase in seed cotton listing, the price will also be callback.

According to Galaxy futures, textile market has not yet gathered in the post holiday market, and there are scattered pactions in the market, but the volume is not very large.

Conventional C32S, JC40S and other sales are better, the price of high sticks in combing is strong; the overall price of blended yarn is maintained, and turnover is generally; the turnover of cotton yarn 10S and 30S is still moderate, and prices are rising steadily.

The specific situation is that the regular sales of cotton yarn market is normal, the price of many old customers is maintained, while the price of new customers has increased by 300-500 yuan / ton, and the mainstream price of Xiaoshao market C32S is about 21800-21900 yuan / ton.

At present, most of the spinning enterprises use reserve cotton as raw material, and the cost can be controlled.

The price of combed pure cotton yarn is strong. The price quoted by JC32S of a Hangzhou enterprise is 25200 yuan / ton, and the price of C40S specialized spinning is 24500 yuan / ton, which is slightly higher than that before the festival.