Domestic Market Prices Lower, Cotton Market Spot Cold

During the week, the textile enterprises continued to wait and see, and there were few inquiries, and the buyers and sellers in the spot market were still stalemate.

As the stock of spinning enterprises is generally supported until November, the quotation for spot market is not interested.

As of 27 days, the 3128 grade lint price in Xinjiang dropped to 15500 yuan / ton, even if the price was upside down 1000 yuan / ton, the spinning enterprises did not intend to purchase.

At present, it is not ideal for the downstream textile enterprises to receive orders. Originally, "golden nine silver ten" is the peak season for enterprise production, but the actual situation is really "busy season", and the yarn price rise is lower than the cotton price increase, and the profit margins of enterprises producing cotton yarn are decreasing.

Especially when

At a cost of 15000 yuan / ton, many small textile mills were unable to bear high cotton prices and were forced to close their businesses.

The price of domestic cotton market is low, and the average price of cotton price A index (CNCotton A), which represents the 2129B grade cotton price in the mainland, is 15613 yuan / ton, down 36 yuan / ton compared with last week.

Price B index (CNCotton B) average price of 15254 yuan / ton, down 50 yuan / ton.

During the week, the cotton picking rate in the Yellow River basin was over 85%, and the selling price was concentrated at 3.6-3.9 yuan / Jin, a decrease of 0.1 yuan / Jin compared with last week.

The picking of cotton seeds in the Yangtze River Basin is close to 90%, but the selling progress is only 35-40%, obviously slower than the same period last year, and the selling price is concentrated at 3.4-3.6/ Jin.

Recently, the spot market of lint was cold, and the market for cotton purchase was relatively small.

The picking rate of Xinjiang seed cotton reached 60%, of which the overall picking rate was over 70%, higher than that of Xinjiang.

The purchase price of Xinjiang machine picked cotton fell to 6.3-6.4 yuan / kg, and the price of hand picked cotton dropped to 7.1-7.3 yuan / kg.

As of 27 days, Xinjiang cotton has nearly 910 thousand tons of public inspection volume.

Zheng cotton continued to maintain a range of shocks, when the CF1701 contract fell to a minimum of 14730 yuan / ton, the highest level to 15350 yuan / ton.

Just as Zheng cotton disk showed a concussion, the spot market was cold, though there were

But because of no actual paction, it is basically in a state of price and no market.

Some investment institutions believe that with the increase in the listing and processing capacity of Xinjiang cotton, it is more likely that Zheng cotton will be vulnerable in the future, and investors will wait and see mainly.