Zheng Cotton Has The Signs Of Upward Breakthroughs, But Its Motivation Is Insufficient.

At present, in the new cotton market, the Xinjiang spot market has sufficient resources, while the downstream textile enterprises have limited acceptance of new cotton, and the import cotton yarn orders have increased greatly, which has a great effect on the market.

But in the short term,

The amount of cotton in the new territories is not large, and the textile enterprises are facing the demand for replenishment. Therefore, the price of the cotton mill is not too low, and the short and medium term factors are intertwined.

Recently, Zheng cotton is facing an effective breakthrough in technological aspects. Yesterday, despite the signs of upward breakthroughs, Zheng cotton yesterday saw a lack of momentum in its breakthrough, continuing to focus on the direction of breakthroughs and paying attention to the overall trend of commodities.

This week macro factors are more variable. The US election and the USDA monthly report will affect the macro level. In addition, the NDRC's investigation of the power coal market also has an impact on market confidence. The price of the black line is down today, paying attention to the systemic risk caused by the black trend.

In recent days, within the territory

The overall price of the purchase rebounded slightly, and cotton growers and cotton brokers were actively selling and selling.

On 7 and 8 November, the purchase price of cotton picking up cotton in Akesu and Kashi was 40 yuan and 13% within 7.40-7.50 yuan / kg, and the purchase price of 40 garment sorting machine in northern Kuitun, Jinghe and Shawan was 6.50-6.60 yuan / kg, up 0.10-0.15 yuan / kg in late October.

First of all, the seed cotton picking in the main cotton producing area is coming to an end. The listing of high quality and high grade flowers has dropped. The proportion of cotton and light yellow cotton has increased.

The second is the recent rebound in the price swing of Zheng cotton futures and spot listing, and the strong sense of hedging in cotton enterprises' hedging, plus a positive comparison between cotton pickup and traders' picking up cotton spot merchandise and picking up goods, giving the ginning mill the sprint to sprint; the third is that although the price of cottonseed has been reduced, it is still higher than 0.10-0.15 yuan / kg in the middle and late 10 months, and the comprehensive cost of lint has been continuously diluted.

On Tuesday, the commodity fell sharply. After the opening of the zhengmian contract, the price of the early trading was down, and the price dropped early to 15100.

1701 the contract rose 15 to 153451705, the contract rose 35 to 152101709, the contract rose 25 to 15275, and Cheng cotton reached 477 thousand hands.

Zheng cotton warehouse volume 597 (-8), effective warehouse receipt volume 469 (+25).

As at 24 hours in November 7th, Xinjiang cotton processed 1 million 990 thousand tons, and the total volume of public inspection in the country was 1 million 612 thousand tons, ending November 6th.

The storage capacity is 1 million 664 thousand tons.

At present, the purchase price of seed cotton is relatively stable. The price of hand picked cotton 40 lint in southern Xinjiang is maintained at 7-7.4 yuan / kg. The price of machine picked cotton in North Xinjiang is 6.1-6.7 yuan / kg, and the spot price of lint continues to stabilize. In Urumqi, Kuitun and other places, the "double 28, double 29" hand picking cotton wool price is quoted at 15600-16000 yuan / ton, and machine picked cotton is 15000-15500 yuan / ton, and there is room for negotiation in actual business.

Zheng cotton price is more than 15300, and the cotton mill uses high rise water cotton to make warehouse receipts with relatively considerable profits. Therefore, the effective prediction of warehouse receipts in recent years is increasing. But Xinjiang cotton is expensive at present, and the problem of capacity shortage is more prominent. In October, only 118 thousand and 400 tons of highland cotton were pported through the road, which was significantly lower than the 288 thousand tons of the same period last year. In the short term, it had certain effects on the procurement of textile enterprises and the generation of warehouse receipts in the mainland. After November, the volume of Japanese gasoline increased.