How Much Does The New Cotton Purchase Price Trend And The Overall Trend Of Commodities Know?

In the year of 2015/2016, the storage of cotton came to an end, and the total output of cotton reserves was 2 million 648 thousand and 300 tons, of which 2 million 352 thousand and 200 tons were made of domestic cotton and 296 thousand and 100 tons of imported cotton.

As for Xinjiang xincotton, the processing volume of new cotton began to increase gradually. As at 24 hours in October 9th, Xinjiang cotton processing totaled 470 thousand tons, and the total accumulated public inspection volume was 197 thousand tons.

In the short term, the purchase price of cotton cotton rose and the spot price of cotton was strong.

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Pay close attention to the purchasing price trend of new cotton and the overall trend of commodities.

ICE cotton

Overnight cotton prices fell sharply during the ICE period. The December contract was 66.95 cents / pound, down 0.6 (0.89%), and the turnover was reduced.

In October 7th, hurricane Matthew downgraded into a tropical storm 3 after landing in the southeast of the United States. ICE futures continued to decline in the face of speculative selling. The December contract was lower and expected to rebound in the short term.

Pay attention to the trend of tropical storm and pay attention to the recent price trend of Zhengzhou cotton.

According to statistics, the total export volume of cotton in India in 2016 July was 14 thousand and 600 tons, accounting for 1.17% of the total cotton exports in 2015/16.

(total export volume was 1 million 254 thousand and 500 tons in 2015/16).

In that month, India's exports to Bangladesh and China were 10 thousand and 700 tons and 390 tons respectively, and exports to China accounted for about 0.32% of China's total exports to 2015/16 in July.

Pakistan Market

According to the statistics of Pakistan cotton ginning Association (PCGA), as of October 1st, the amount of cotton purchased in Pakistan in the year of 2016/17 was about 410 thousand tons, down 14% from the same period last year.

Among them, Punjab Province

The volume dropped nearly 40% compared to the same period last year, only 122 thousand and 200 tons, and the cotton market volume of the Sindh cotton market increased slightly by 6.6%, reaching 287 thousand and 800 tons.

Domestic market

It is understood that at present, the acquisition price of cotton picking and machine picking cotton (40% linen) is concentrated at 7.60-7.70 yuan / kg, and the game between cotton growers, cotton brokers and ginning plants is continuing, and the acquisition market is gradually differentiated.

The price of the ginning factory quoted by the Agricultural Development Bank, credit union and other commercial banks is no longer catching up, showing a phenomenon of "reduction, mitigation or even stop".

On Monday, Zheng cotton futures contract opened at a high price. The main contract was supported by the rising price of seed cotton and the strong spot price during the national day. After that, the price continued to be high and volatile after a slight pullback. Today, Zheng cotton holds 513 thousand hands and 13 thousand additional positions.

1701 the contract rose 485 to 155851705, the contract rose 335 to 154401709, and the contract rose 320 to 15560.

During the national day, the purchase price of seed cotton is strong. At present, the purchase price of hand picked cotton seed in Xinjiang is over 7.5 yuan / kg in some areas. Some cotton processing enterprises dare not take into account the current high price and dare not rush to buy large quantities.

And the spot price of lint is relatively strong. At present, the 3128B class hand picking cotton price in the regulatory library is concentrated at 15600-15900 yuan / ton (gross weight settlement).