Cotton Prices Or Brewing Prices To Break Through The Contradictions Continue To Increase

Near the middle of November, the number of state-owned cotton shops in the early stage of the textile industry has been running short, so there will be a rush hour for all sectors.

However, when the new flower is on the market, cotton dealers are likely to rebound slightly in recent years, and cotton sellers are likely to rebound slightly.

Spinning enterprises believe that: the downstream demand is limited, the prices of cotton yarn and other products are still slightly down, and the contradiction between cotton price and cotton yarn price inversion continues to increase.

In the past two months, ICE futures began to contract in the narrow range of 67-70 cents under the pressure of new cotton harvest and increased production.

A few months ago, cotton prices had been consolidated for a month at a low operating interval of 63-66 cents, and then there was an explosive upsurge. The fuse was USDA supply and demand forecast and weather speculation.

At present, ICE futures hold up to 250 thousand hands. There are a series of events this week. Maybe the market is brewing new changes. Now it may be calm before the storm. All parties need to be vigilant.

Foreign analysts believe that with the rebound in Trump's support rate, the commodity futures market will be

Suddenly, if Trump wins, the uncertainty of the commodity market will increase significantly, and may lead to negative effects. If Hilary wins, the financial market may be relatively stable, and the US stock market has responded ahead of schedule.

As of October 25th, the fund's net long positions reached 8 million 500 thousand packages. Once the market is in trouble, it will not rule out the possibility of a large number of withdrawal from hedge funds.

At the beginning of this year, a sharp fall in the US stock market was still in sight, when cotton futures moved from net to net.

Basically, this Wednesday (November 9th), the US Department of agriculture will issue a new supply and demand forecast. The industry expects that the increase in US and global output will be unfavorable to the price trend, but the main reason is that

Inventory changes are also the focus of attention.

The above macro and fundamental changes will be accompanied by the pfer of index funds this week, and we will wait and see what will happen in the market.

In terms of the cotton market itself, the 67-72 cents range looks reasonable, but for market participants, it may be better to wait and see before the news is clear.

Industry analysis: in the short term, the trend of domestic cotton prices will not be too clear. The game and contradictions between ginning factories, cotton trade distributors and textile enterprises will become more intense. Ultimately, the outcome of the two sides' game and how to solve the contradictions will have an important impact on the cotton price trend.

Recently, the yarn Market in Hebei, Shandong and Henan provinces is affected by the downstream.

The impact of slow sales volume and price is not ideal.

Generally speaking, the sales volume of conventional yarns is basically maintained, and the sales volume of pure cotton combed yarn is basically maintained. The sales volume of polyester cotton blended yarn is more obvious. It shows that the number of old orders is decreasing, and the quantity of old guests is decreasing.

This week, viscose staple fiber prices fell more, the current price of 15500 yuan / ton, resulting in the price of cotton yarn.

As a whole market, the price of conventional yarns may only continue to decline.