New Cotton List: Domestic Cotton Rises, International Cotton Price Falls

According to statistics, the national processing capacity has exceeded 1 million tons, and the public inspection volume is 950 thousand tons, of which the mainland is less than 20 thousand tons. The purchase price of seed cotton has stabilized after a fall, and whether it can be stabilized depends on the progress and price of lint sales.

The quality is obviously better than that of last year, but the quality of the southern Xinjiang is still inferior to that of the northern Xinjiang.

The average price of seed cotton declined by 0.4 per kilogram, the cost of leather cotton decreased by 1000 yuan / ton, and the cotton

The price gradually declined, and after nearly 1 months of consumption, the reserve cotton stocks were decreasing. Some cotton mills needed to replenishment. The new cotton business began to increase. The volume of Xinjiang's direct production was the largest, and the quantity of the smaller ones was much higher.

Domestic and foreign futures rebounded slightly.

The national cotton price B index was 15262 yuan / ton, and the week fell 5 yuan / ton, compared with the CF1701 contract of Zheng cotton futures, the premium was 67 yuan / ton, the week reduced 360 yuan / ton, the spot guarantee and the arbitrage opportunity gradually appeared.

Futures.

A large number of listed companies, because prices are higher than the reserve cotton 1000 yuan / ton, sales are blocked, futures prices dare not follow up, only around the reserve cotton price shocks, Zheng cotton main force CF1701 closed at 15195 yuan / ton last Friday, rose 355 yuan / ton, traded 2259506 hands, reduced 97336 hands, reduced 4.1%, held 380938 positions, increased 21780 hands, 6.1% increase, the market was slightly shocked, changed hands down, some of the funds entered the warehouse after gambling, the position increased.

As of October 28th closing, the top 20 seats, more than 151685 single hand, 7717 more than the previous week, 180338 empty hands, 7869 more than the previous week, 28653 hands empty, 152 more than the previous week.

In the holding warehouse, buying positions is 645 hands, an increase of 645, and selling a set of 4643 guarantees has not changed.

As of October 28th, 645 registered warehouse receipts, 30 weekly reductions, 243 effective forecasts, 53 weekly increases, and a substantial reduction in spot premium for new cotton registered warehouse receipts. At present, the new cotton warehouse receipt is still very small, and mainly for the mainland cotton, 44 Zhang Xinmian warehouse receipts, only 4 sheets.

There are no warehouse receipts and forecasts in Xinjiang's 3 pfer warehouses. With the decline of new cotton prices in Xinjiang, the spot premium will shrink and the registered warehouse receipts will increase.

This week, the rebound is expected to be callback under the pressure of the previous high points and hedging, but the space is limited.

Us disk: 3 days after the rise of the surrounding agricultural products, the contract rebounded for 70.89 days in December. The contract closed at 70.89 cents / pound on December, and rose 181 points.

On the spot.

Due to the fall in seed cotton prices in Xinjiang, the cost of lint cotton has dropped by 1000 yuan / ton, plus the price of cotton seed has been strong. Some enterprises have greatly reduced their quotations compared with the previous period. In addition, the mainland's cotton mill has not had much stock of cotton reserves for 1 months.

Because of the high price of new cotton and the high risk of holding goods, the mainland trade enterprises rarely enter the Xinjiang region. Some of the processing enterprises began to move to the mainland to promote sales. Due to the small amount of storage and the lower prices, they sold faster.

The acquisition cost of each enterprise is different, the source and cost of the fund are different, the judgement for the future market is different, the quotation of new cotton quotation is quite different, and the gross weight of Xinjiang delivery price is 15300-16300 yuan / ton.

The price of cotton reserves is basically between 14500-15500 yuan / ton due to different quality.

The United States cotton 15800-16000 yuan / ton, Australia cotton 16400-16800 yuan / ton, India gradually arrived, the price should be 15000-15500 yuan / ton.

According to the cotton price of 15000 yuan / ton, 32 yuan 22500 yuan / ton, 40 yuan 23500 yuan / ton, the price has already been in the state of cash flow protection. The enterprises with high financial cost have already lost money. Later, they need to pay attention to the internal and external yarn price and cotton price linkage state. Any single soldier's sudden progress is difficult to last. The rising price of the new cotton in the early stage and the rising of India cotton in the first half of the year are all examples.