The Rise In Yarn Price Helps To Increase The "Digestion" Spreads Of High Priced New Cotton, And How To Integrate The Market.

The trend of cotton prices is closely related to spinning enterprises.

Previously, nearly 150 cotton textile enterprises in Hubei, Shandong, Hebei, Zhejiang, Guangdong and other places had reported to the China Cotton Textile Industry Association in the form of telephone and joint letters, and so on.

The relevant state departments have increased the amount of cotton reserves to 30 thousand tons per day, and the planned storage in August 31st will be extended to September 30th.

There was a callback of cotton prices between August and September.

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Just like buying stocks, buying a high position is a loss. "

Zhu Minfeng regrets that the cotton market is heavily influenced by news and policy. As a commodity, it is often hyped up by traders, and cotton prices fluctuate.

At present, the textile industry appeals to increase the increment of the national cotton reserves and the new cotton to the market at the same time, forming a dual track system to solve the problem of excessive cotton prices.

Since mid October,

"Double 28, double 29" reserve cotton sales quotations concentrated in 15500-15900 yuan / ton (gross weight), while the 10/11 months sailing time C/ASM, EMOTSM and SM15/32 quotations are 79.70 cents / pound, 78.90 cents / pound, 82 cents / pound, 1% customs tariff, the price of RMB is about 13600 yuan / ton, 13450 yuan / ton and 14000 yuan / ton.

At present, the "double 28, double 29" hand picking cotton warehouse will offer a quotation of about 16200-16500 yuan per ton, and the price will be as high as 16500-16800 yuan / ton for pportation to the mainland warehouse and 1000-2000 yuan / ton with the reserve cotton price.

The difference is even more than 2500-3000 yuan / ton. In the face of such a big price difference, how does Chen cotton and new cotton link up?

First, cotton yarn prices continue to rise, but the range is only limited to 300-500 yuan / ton.

Whether from the cost of lint or the quality of cotton in the new year, the sale price of the reserve cotton before the end of September is the bottom of the cotton price in 2016/17, not the top and even the middle part. If the small and medium sized textile enterprises compete for the profits of the reserve cotton, the profit is relatively low or no profit, then the new cotton can only be digested through the rising yarn price. Taking into account the affordability of weaving, fabrics, clothing and foreign trade enterprises, or only 300-500 yuan / ton (the total increase of 600-1000 yuan / ton since late September), the increase is less than that of cotton and less than that of Zhengzhou cotton.

Two, the new cotton quotation has been lowered.

As the price of seed cotton continues to "go higher and higher", the price and price of lint are generally 500-1000 yuan / ton upside down, and the price of cottonseed purchased by oil refineries and middlemen is falling. Since mid October, some local ginning factories in Northern Xinjiang and southern Xinjiang have implemented "limit price" acquisitions, and the spot price of the market has reached a peak.

In three or 10-11 months, spinning enterprises will combine imported cotton, reserve cotton, Xinjiang cotton and real estate cotton together.

From the survey, some domestic cotton enterprises can store cotton reserves until early November or even in the middle.

Some small and medium-sized textile factories believe that in October 2016 -2017 February, there is no shortage of cotton in the market, and there will be a possibility for cotton reserves to be sold in March next year, leaving little room for speculation by traders and speculators.