New Year Sales Price Of Seed Cotton Will Lead To Market Trend

According to the latest statistics of the General Administration of Customs of China, the export volume of textiles and garments in China in September 2016 was 22 billion 764 million US dollars, a decrease of 18.50% compared to the same period, down 15.41% from the same period last year.

Exports of textiles (including textile yarns, fabrics and articles) were 7 billion 720 million US dollars, down 20.46% from the same period last year.

(including clothing and accessories) exports amounted to US $15 billion 45 million, down 12.56% compared to the same period last year.

In 2016 1-9, the total export volume of textiles and clothing in China was 198 billion 654 million US dollars, down 5.96% from the same period last year. The total export volume of textiles was 78 billion 892 million US dollars, down 3.59% from the same period last year. The total export volume of garments was 119 billion 762 million US dollars, down 7.46% from the same period last year.

As new flowers in northern and central India have been listed, India cotton prices have dropped slightly from their previous highs, but India's domestic cotton yarn prices remain strong and there is no sign of downgrading.

According to statistics, the price of S-6 in India is 4% lower than that of 3 months ago, but it is still 30% higher than that of the same period last year.

Xinjiang cotton has processed 670 thousand tons, of which 444 thousand tons are processed by local enterprises, and 227 thousand tons are processed by corps.

The total amount of inspection is 339 thousand tons nationwide. The inspection volume of local enterprises in Xinjiang is 211 thousand tons, and the inspection volume of the Corps is 118 thousand tons.

During the same period last year, Xinjiang cotton processed 737 thousand tons, and the total inspection of the country was 392 thousand tons.

Friday

Futures contracts slightly concussion rise, the main contract significantly lower after the shock rise, the price shock in early trading rose, the price of the late market fell slightly, today, Zheng cotton positions remain at 502 thousand hands.

1701 the contract fell 35 to 150601705, the contract fell 5 to 148751709, and the contract fell 25 to 14990.

At present, the warehouse warehouse volume of Zheng cotton is 737 (-20), and the effective warehouse receipt is 202 (0).

Recently, due to the policies of the Agricultural Development Bank and the joint pricing of local cotton ginning plants, seed cotton purchase

Continue to decline, the purchase price of hand picked cotton in Northern Xinjiang is around 7.50 yuan / kg, and prices in some regions have dropped to 7.00-7.30 yuan / kg.

After seed cotton prices were lowered, seed cotton turnover declined, but the confidence of the ginning mills increased slightly.

But the spot price of lint is still relatively strong. At present, the 3128B class hand picking cotton price quoted in the regulatory center is concentrated at 15800-16200 yuan / ton (gross weight settlement), the price of new cotton is higher, and the textile enterprises have stock of reserve cotton, so the enterprises are mainly inquiring and watching, and the actual turnover is less.

In terms of Xinjiang xincotton, the processing capacity and inspection progress of new cotton fell slightly behind the same period last year. As at 24 hours in October 13th, Xinjiang cotton processed 670 thousand tons, and the total public inspection volume was 339 thousand tons. In the same period last year, Xinjiang cotton processed 737 thousand tons, and the total public inspection volume was 392 thousand tons.

In the short term, CF1701 is a strong supporting position near 15000. It is expected that the trend will be weakened. The future purchase price of seed cotton and the new annual sales price determined by the Corps will guide the market trend and pay more attention to it.