The Fear Of Cotton Spinning Is About To End.

It is understood that, unlike the "drop and fall" in August, the price of domestic cotton futures market rebounded sharply in September, up to 11.03% at the end of September, and the spot market price rose slightly.

There are two main reasons for the rebound in cotton prices. First, the tight supply of cotton is expected, and the fear of cotton spinning is about to end.

At the end of September, when the reserve cotton was out of stock, the amount of new cotton listed was still small, and the supply of cotton in the market was short in the short term.

At the end of the month, the turnover rate of cotton reserves rose 100%, indicating the buyer's dependence on cotton reserves and the general worry about the supply of cotton in the future.

Next is the rise in seed cotton purchase price.

Especially near the end of September, Xinjiang cotton prices rose rapidly, affected by local bad weather and pportation costs. Many local purchasing prices have been around 7.5 yuan / kg, or even 7.8 yuan per kilogram.

In recent years, Xinjiang new cotton has been on the public inspection. From the public inspection index, the new cotton length is generally in 28~29mm, of which more than 60% of the resources of 29mm are above, but the proportion of the color grade 21 is significantly reduced.

The bad weather not only affects the quality of cotton, but also anticipate the increase of cotton production in the early stage.

Huang Xiaoyi, an information analyst at Zhuo Chuang, cautioned.

The domestic textile market in September showed a trend of upward trend, reaching a new high in the year.

According to the data, from the list of textile prices, the price of the textile sector is 12, and the top 3 commodities are acrylonitrile (12.16%), dry cocoon (3A or above), lint (grade 3 inland) (5.38%), and there are 8 kinds of goods falling below the price. The top 3 products are polyester FDY (-2.47%), polyester POY (-1.97%) and polyester yarn (32S) (-1.88%).

In September, the products in the chemical fiber Market varied and the acrylonitrile and viscose industry performed better.

According to monitoring, acrylonitrile price has been showing a "W" shape this year, and the rebound has been more obvious in September.

The acrylonitrile plant in East China and North China has stopped and overhauled the plant. The total production capacity is about 500 thousand tons, which accounts for about 1/3 of the total capacity. The spot supply of the market is further tightened. The main reason for the surge is the high volume of goods held by manufacturers and the sharp rise in trading volume.

however

In September, it showed a slight downward trend, and the overall performance was poor.

From the industry point of view, the total retail sales of clothing, shoes and hats and knitwear in August exceeded 100 billion 200 million yuan, up 6.2% over the same period last year.

China's textile and apparel exports amounted to US $27 billion 933 million, down 3.1% compared to the same period last year.

Among them, exports of textiles (including textiles, yarns, fabrics and articles) amounted to US $10 billion 246 million, an increase of 5.19% over the same period last year. Exports of garments (including garments and accessories) were US $17 billion 686 million, down 7.34% from the same period last year.

Reserve cotton auction and acrylonitrile plant centralized maintenance overhaul the whole September.

Quotation.

For the October market, from the business community to 100 textile enterprises survey, optimistic attitude.

Xia Ting believes that the textile market in October will be better than September.

Judging from the current cotton market, first, the hot situation of cotton turnover and the shortage of new cotton resources will cause Xinjiang's cotton purchase price to continue to be raised, and the possibility of market speculation is bigger.

Secondly, new flower picking and listing have been postponed.

As of September 30th, the whole country

Picking progress was 17.8%, down 5.7% compared to the same period.

It is estimated that after mid October, lint will be listed in large quantities with the picking of Xinjiang machine picked cotton.

Downstream, after the G20 summit in Hangzhou, especially in the Jiangsu and Zhejiang provinces, printing and dyeing and garment enterprises resumed production, gray cloth had demand and outlet, and also promoted the sale of yarn and thread.

Cotton prices are expected to remain strong in October, or there will be a small risk of callbacks.

"At the beginning of Xinjiang cotton planting in this year, there was less weather at low temperature and rainfall, and cotton grew well. There was no continuous high temperature in" dog days ", so cotton length and horse value were good.

But in August, the southern Xinjiang experienced a continuous rainy weather. The northern Xinjiang encountered several cold air attacks, and the quality of cotton was affected.

During the national day, frost fell early in some parts of Xinjiang, and autumn blooming and late flowering and boll weight were all affected. The average yield per unit area dropped by 10~20 kg.