Centralized Replenishment Of Textile Enterprises In November Cotton Prices Go All The Way

In November, the lint market went all the way, reaching a new high of 16021.86 yuan / ton in the year ending 29. At the end of 30, the price of 3128B lint was 16002.57 yuan / ton, up 4.25% from 15350.43 yuan / ton in November 1st.

Zheng cotton futures rose sharply this month, rising in the first half of the month, reaching a high level of 17005 yuan / ton and a monthly low of 14775 yuan / ton on the 11 day of October. The rise in mid November 30th was the lowest in November 30th. The settlement price of zhengmian main contract was 15960 yuan / ton, compared with the October 31st settlement price of 15225 yuan / ton, up 4.83%.

At the end of the month, Xinjiang cotton will gradually be pported to the mainland. In 2017, the launch of the cotton reserve will start in March 6th, and the market is expected to be relaxed.

There is a slight sign of weakness.

It is expected that the lint market will be stable in December, and the price will be 15500-16500 yuan / ton.

According to the latest cotton production market monitoring system's latest output survey report, the total output of cotton in this year is 4 million 877 thousand tons, which is only 40 thousand tons less than that in August.

In November 22nd, the joint announcement of the national development and Reform Commission and the Ministry of finance made it clear that no arrangements were made for the storage of cotton from now until the end of February next year. The minimum daily output of 30 thousand tons per day was determined in March next year, and it was stipulated that if the market prices of domestic and foreign markets rose significantly during a period of time, the sale rate of cotton reserves would exceed three days a week, and the number of daily hanging brands would be increased appropriately, and the sales period of extended rounds would be extended. This would provide sufficient guarantee for the domestic cotton supply in the middle and later period of this year.

Short term supply of cotton is tight, and cotton prices are heating up.

Due to the large number of new cotton 10 listed, the seed cotton strong hand led the high cost of lint.

Textile enterprises still have low prices of state-owned cotton stocks, new cotton prices listed on the contrary, the purchase will not be strong.

In November, with the consumption of reserve cotton, the demand for market replenishment increased, and the purchasing intention was stronger.

But for Xinjiang Zha Hua enterprises, due to the huge inventory cost between the mainland and Xinjiang, the cost of pferring the warehouse is relatively high, and Xinjiang cotton is rarely pported to the mainland.

In November, the weather and the time when Xinjiang fruits and fruits came out of the Xinjiang valley together with the arrival of winter were also the period when coal and other energy came out of Xinjiang. Xinjiang's new cotton pport capacity was limited and its cost was relatively high.

Mainland market

Effective supply is tight at the same time, and funds push forward futures prices to boost spot prices.

In October, new cotton was picked up on the market, but the progress of acquisition was lagging behind the whole year.

The cotton enterprises used cotton to digest the cotton stored in the previous auction, and took a wait-and-see attitude towards the new cotton. The purchase amount was small, and the turnover of commodity cotton turnover increased significantly at the end of the month.

According to the inventory survey of 187 warehousing units in 18 provinces and municipalities in China, the total inventory of cotton turnover in the whole country was 1 million 503 thousand and 600 tons (including 328 thousand and 700 tons in the mainland and 1 million 174 thousand and 900 tons in the Xinjiang Library) by the end of October, which increased by 1 million 199 thousand and 300 tons, an increase of 216 thousand and 600 tons compared with the same period last year.

In terms of imports, 10 textile enterprises used cotton to digest before auction.

Mainly, China's cotton imports continue to decrease, with a larger margin.

According to the statistics of the General Administration of customs, China imported 41 thousand tons of cotton in October 2016, a decrease of 19 thousand tons from the previous month, a decrease of 31.8%, a decrease of 600 tons and a decrease of 1.5% over the same period last year.

In 2016 1-10, China imported 697 thousand tons of cotton, a decrease of 505 thousand tons compared with that of the previous year, a decrease of 42%.

The downstream cotton yarn market is beginning to pick up.

According to the price monitoring of business associations, by November 30th, the average price of single yarn of 21S high quality knitted cotton top spun yarn was 23137.50 yuan / ton, an increase of 2.72%, an increase of 12.52% over the same period last year.

From the perspective of the textile industry, exports of textiles and clothing dropped sharply in October.

According to statistics from the General Administration of customs, China's textile and apparel exports in October amounted to 21 billion 460 million US dollars, down 5.73% from the same month, down 9.28% from the same period last year, and the total export volume of textiles and clothing in the 1-9 months was 222 billion 561 million US dollars, down 5.31 from the same period last year.

But in retail sales, the retail sales of clothing shoes and hats and needle textiles in October were 130 billion 200 million yuan, an increase of 0.8%, an increase of 7.5% over the same period last year, and retail sales amounted to 11310 billion yuan in 1-10 months, an increase of 7.2% over the same period last year.

In addition, the commodity supply and demand index (BCI) of the business community was 0.71, or 6.78%, reflecting the expansion of the manufacturing economy last month, and the trend of economic growth is obvious.

The cotton yarn market has been boosted by the continuous rise of raw material cotton. At the same time, the competitiveness of domestic yarn has been enhanced due to the recent rise in the price of foreign yarn.

At the end of the year, sales of textile and clothing are expected to usher in a really high season, which will definitely boost the price of cotton and cotton yarn.

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