Since The Advent Of New Cotton, Domestic Cotton Prices Have Risen.

The average price of seed cotton has dropped by 0.4 per kilogram, and the cost of lint has decreased by 1000 yuan / ton. The sale price of lint cotton has been decreasing gradually. In addition, after nearly 1 months' consumption, the stock of cotton reserves has been decreasing, and some cotton mills need to replenishment. The new cotton business has started to increase, and the quantity of the new cotton business is mainly based on Xinjiang's straight hair. Cotton yarn sales difficulties, low prices, the rise in cotton prices to suppress.

Domestic and foreign futures rebounded slightly. Country cotton Price B index 15262 yuan / ton, weekly fell 5 yuan / ton, compared with Zheng cotton futures CF1701 contract, the premium 67 yuan / ton, week reduced 360 yuan / ton, spot hedging, arbitrage opportunities gradually. 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: on the rise of the surrounding farm products (000061), it rebounded for 3 consecutive days. The December contract closed at 70.89 cents / pound on Friday, and rose 181 points a week. Low price India cotton and sales data will suppress the rising space of the disk.

Futures. After a large number of new cotton market, the price is higher than the reserve cotton 1000 yuan / ton. Sale Resistance, futures prices dare not follow up, only around the reserve cotton price shocks, zhengmian main force CF1701 closed at 15195 yuan / ton last week, the week rose 355 yuan / ton, traded 2259506 hands, reduced 97336 hands, reduced 4.1%, held 380938 hands, increased 21780 hands, increased 6.1%, the market small shock, changed hands down, part of the funds into the warehouse after the gamble, the position of increased.

On the spot. Due to the fall in seed cotton prices, the cost of lint cotton has dropped by 1000 yuan / ton in Xinjiang, and the price of cotton seed has been strong. Some enterprises have greatly reduced their quotations compared with the previous period, and the mainland mill has been consuming for 1 months. Reserve cotton There is not much inventory, and some parts just need to be replenishment. 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.

Acquisition of new cotton. 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. Operation suggestion. Futures discount spot tends to shrink, and futures will continue to rise, which will form a spot of premium, which will facilitate the registration of warehouse receipts and increase the number of packages. You can band fast forward and fast out operation.