Zheng Cotton Is Still Strong. The Ginning Factory Is Exploring Prices.

In recent years, the pressure on railway pportation is still high, and the cost of driving out of Xinjiang is getting higher and higher. In addition, due to heavy snow blocking roads in some parts of Xinjiang,

The issue of Xinjiang is still outstanding, and the textile enterprises in the mainland are facing the demand for replenishment. In the short term, the price of Zheng cotton is supported. Recently, processing enterprises and traders have been considering raising prices. The price of cotton sold in the eight divisions of the market has risen from 14800 to 15200 yuan / ton, and the spot market has been supporting the market.

In the short term, it is expected that Zheng cotton will remain strong, and the futures market in the near future will fluctuate. It is suggested that we should pay close attention to the trend of capital and short-term and prudent operation.

Overnight ICE cotton contract price rose sharply, December contract closed 70.84 cents / pound, up 1.94 (2.82%), March contract closed 70.48 cents / pound, up 1.17 (1.69%), volume increased significantly.

November 15th, the United States

And commodity futures across the board driven ICE futures strong, December contract broke 71 cents, the contract price rose to three digits.

At present, traders made more speculation before the December contract delivery, and the US election continued to stimulate the financial market, and the market shock increased.

India Market

On the 15 day, India's new flower listing volume rebounded slightly, and the daily listing of cotton lint was nearly 12 thousand tons.

The price of S-6 new flower ginning factory is flat with 14 days, floating at 39200-39500 rupees / candi, and the middle price is 74 cents / pound due to the lower rupee exchange rate.

Punjab J-34 ginning factory costs 4070 rupees / Moore (73 cents / pound).

According to India media (HinduBusinessLine), since the implementation of the new currency policy in India, it has caused many inconvenience to the local spot market.

In the area of the Delta, Tamil Nadu, the acquisition station is closed and will resume operation in November 21st.

A person in charge of the purchasing station of Bao Na Jia Er also indicated that the local purchasing station will be temporarily closed.

A trader in Indore said that most of the local farmers were reluctant to sell at the acquisition station because of the cash payment difficulties of cotton traders.

On the 15 day, the new phase of Pakistan led the cotton spot market, effectively supporting the offer.

In recent days, the number of new flower listing in India has shrunk considerably and the price has been increasing.

Domestic market

On the 16 day, Akesu, Bachu and other places supervised the gross weight of hand picked cotton of Kumage (5.2), 21 or 0.5%-0.6%, and the paction price was 15600-15700 yuan / ton; while the gross price of hand picked cotton was 15400-15500 yuan / ton with impurity 1%, and the quotations of "double 28/ double 29" (horse value B2 or A) were 15700-16200 yuan / ton, and the price of cotton ginning mills and cotton merchants only increased slightly by 100 yuan / ton, and the trend needs careful observation.

On the 15 day, the price of hand picked cotton in Shihezi area was 7.1-7.3 yuan / kg (lint 38-39%, moisture regain 12%), unchanged from yesterday.

Jiachang County 36-37% linen machine picked cotton price 6.5-6.6 yuan / kg, the 37% cotton sorting machine cotton picking 6.5 yuan / Jin line, prices are flat compared to yesterday.

According to the ginning factory, as of 15 days, the acquisition of geo pick cotton in Ji hang and Bo Zhou in Northern Xinjiang has basically come to an end. The closure of the ginning plant reaches 50-60%, and it is expected that over 90% will be stopped in the latter half of this month.

at present

As soon as the acquisition is coming to an end, the quality of seed cotton is reduced. The purchase price of hand picked cotton in southern Xinjiang (40% lint, 13% of water content) is 7.20-7.40 yuan / kg, and the price of machine picked cotton in North Xinjiang is 6.4-6.8 yuan / kg, and the spot price of lint is relatively strong.

At present, Kashi 3128B lint price is quoted at 15600 yuan / ton.

Bazhou area "double 29" lint price is quoted at 15800-16200 yuan / ton.

On Wednesday, the price of Zheng cotton contract rose sharply, and the main contract was higher than before.

1701 the contract rose 310 to 157251705, the contract rose 345 to 157551709, the contract fell, 295 to 15805.

Zheng cotton warehouse volume 638 (-8), effective warehouse receipt volume 627 (+167).

As at 24 hours in November 15th, Xinjiang cotton processed 2 million 417 thousand tons, the total volume of public inspection was 2 million 20 thousand tons, and Xinjiang cotton reached 2 million 120 thousand tons.