Picking Up Near The End Of The Northern Xinjiang, Picking Continues In Southern Xinjiang

On Thursday, Zheng cotton futures contract price rose sharply, the main contract opened after the concussion trend, the afternoon price rose, the late price rose.

Today, Zheng cotton turnover reduced, holdings changed little, for 458 thousand hands.

1701 the contract rose 20 to 150751705, the contract rose 20 to 149901709, and the contract rose 25 to 15070.

Zheng cotton warehouse volume 616 (-7), effective warehouse receipt volume 413 (+84).

According to China Cotton Association data, as of October 31st, the average picking rate in Xinjiang was 71.83%, slowing down by 16.9 percentage points compared with the same period last year.

Cotton prices rose sharply overnight in the ICE period, up 68.57 (0.37) in December and 0.54% in total.

In November 2nd, cotton prices continued to rise after the cotton price rebounded. According to the average price of ICE12 futures in October, the cotton harvest price of Texas plateau in 2016 was 69 cents / pound. In addition, the market expected to recover from the US cotton exports last week, while ICE futures rebounded slightly under the spot market, and the contract price generally rose slightly.

Pay attention to the weekly report of US cotton export.

On the 2 day, the price of delivery of S-6 new flower ginning factory in India was 38350 rupees / candi (73.20 cents / pound), and Punjab J-34 slightly reduced 50 rupee / mod, at 3920 rupees / Moore (71.30 cents / pound).

At present, India has 11 thousand and 100 tons of seed cotton on its market, of which 3 thousand and 400 tons are Maharashtra, and the new flower will be restored after the festival.

The near future

China's new flower focuses on listing, resulting in backlog of cotton mill stock. India cotton is weakening and attracts the purchase of Palestinian textile enterprises. The international spot quotation continues to decline. In conclusion, the price of the new flower ginning factory in Pakistan is down regulated, and 2 daily 5700-6150 rupees / Moore (66.42-71.66 cents / pound), compared with 1 rupees / mod on 1 days.

On the import side, Pakistan has bought thousands of tons of India S-6, 29mm, and traded at 74.50-75.00 cents / pounds for shipment in December.

In addition, Pakistan bought part of West African cotton, Turkmenistan long staple cotton and India DCH-32 long staple cotton.

According to official data of Pakistan Statistical Bureau, Pakistan imported 14138 tons of cotton in September this year, an increase of 312% tons over the same period of 3429 tons in the same period last year. This is 10709 tons.

On October 25th -30, parts of Xinjiang began to cool down and snow.

The quality is affected, and some cotton fields in Northern Xinjiang are affected by snowfall, and the harvest is stagnant.

As of October 31st, the average picking rate in Xinjiang was 71.83%, slowing down by 16.9 percentage points compared with the same period last year. The picking in Northern Xinjiang is coming to an end. The picking in southern Xinjiang is still continuing. Most farmers are selling along with mining, and the phenomenon of selling less is less. The average sales progress is 61.55%, slowing down 21.2 percentage points compared with the same period last year.

This week, the purchase price of seed cotton in Xinjiang is relatively stable. The price of hand picked cotton is 7-7.2 yuan / kg, and the price of machine picked cotton is 6.2-6.5 yuan / kg.

At present, Mengaiti county and Xinhe County are in the peak of harvesting. The quality of cotton is better. The price of hand picking cotton is higher than 7.4 yuan / kg. The processing plants in Akesu area are concentrated, the resources are more intense and the price is slightly higher.

Double 29 "hand picking cotton wool price quote 15600-16000 yuan / ton, machine picked cotton 15300-15500 yuan / ton, the actual deal can be discussed in the space of 100-200 yuan / ton.

At present, cotton stocks in downstream textile enterprises are gradually being consumed, there will be demand for replenishment in the near future, and the actual turnover of lint cotton has increased.

The price of zhengmian is over 15300, and the cotton mill uses high rise water cotton to make warehouse receipts. The profit margin is relatively large, so it is effective to forecast the volume of warehouse receipts in the near future. But at present, Xinjiang cotton is expensive, and the problem of capacity shortage is prominent. In October, a total of 118 thousand and 400 tons of pported goods were pported by highway pportation.

Significantly lower than the same period last year's 288 thousand tons, in the short term on the mainland textile enterprises procurement and warehouse receipts generation has a certain impact.