Zheng Cotton Fell Little Space, The United States Cotton Will Maintain The Trend Of Concussion.

In November, the spanport situation of the cotton spanported to the country was slightly improved. The output of the cotton was about 350 thousand tons, of which the freight volume was better, but the train wagon was still tight, and the overall spanport volume was less than 500 thousand tons in the same period last year. Considering the high cost of pre harvest rush in this year, and the large scale of local spinning in Xinjiang this year, the quantity of Xinjiang textile enterprises that can supply the mainland can be reduced. At present, most of the sales of Xinjiang ginning plants are still in progress, so it is expected that the sales price of new flowers in Xinjiang will not drop too much at the later stage.

Spot price in the vicinity of 15500 yuan / ton cost supporting role is strong, but at present, effective warehouse receipt volume is increasing every day, forming a certain pressure on the disk. Therefore, it is expected that short-term cotton prices will maintain a concussion trend, pay attention to the speed of effective warehouse receipt volume converted into warehouse receipts, and pay close attention to whether the capital assets are tight in the near future.

On Tuesday, Zheng cotton futures contract prices shook the trend, the main contract after the opening of high, after the shock callback, early morning prices fell, late slightly callback, positions slightly increased to 417 thousand. The CF701 settlement price is 15670 (+10), the CF705 settlement price is 15820 (+50), and the CF701 settlement price is 16095 (+25). Zheng cotton warehouse volume 744 (+64), effective warehouse receipt volume 1981 (+16). In December 6th, the domestic cotton index CCIndex3128B15945 (-2), the international cotton price index CotlookA79.55 (+0.25) cents / pounds. As at 24 hours in December 5th, Xinjiang cotton processed 3 million 235 thousand tons, the total volume of public inspection was 2 million 965 thousand tons, and Xinjiang cotton reached 2 million 966 thousand and 300 tons.

Domestic market

Recently, some of the ginning mills, which rely on credit to support the acquisition, said that loan banks have begun to urge sales as soon as possible and reduce the risk of loan repayment. On the one hand, the Spring Festival is earlier this year, and the cotton sales are basically in a state of stagnation before mid January to late February, while the March 6th cotton reserve wheel is open, leaving the time for shipments of cotton enterprises in the territory not enough; on the other hand, with the current spot price selling, most of the cotton ginning enterprises can produce and sell flat or have 200-400 yuan / ton profit, hoping that the cotton enterprises will realize bags for safety as soon as possible.

As of 6 days, the real estate bales of Cangzhou were 3128 yuan, 15500 yuan / ton, and 3127 grade 15100 yuan / ton. The 3 price of real estate small package cotton was 14700-15000 yuan / ton, 4 grade 14200 yuan / ton, all of which were flat compared with the previous days. In addition, Xinjiang has been moved to Cangzhou's fine staple cotton and long staple cotton Market: "double 29" hand picking cotton price is 16500 yuan / ton (pick up, gross weight), "double 28" machine picking cotton price 16100 yuan / ton, long staple cotton 137 level 21600-21700 yuan / ton.

The NDRC stressed again Reserve cotton The start date of the sales period is the reminder sales function for the upstream ginning plants in March 6th. The sales progress of the ginning plants has accelerated recently, and the sales progress of most of the ginning plants has reached three or four. The sales progress of the Corps is much faster than that of the local enterprises. The price of Zheng cotton fell sharply, but the spot price of Xinjiang cotton was relatively lower, the adjustment range was only 100-150 yuan / ton, the "double 29" hand picked cotton platform pick-up price was 15900 yuan / ton, the 3128B class price was 15600-15700 yuan / ton, and the "double 29" machine production cotton supervision database was quoted 15500-15700 yuan / ton in North Xinjiang.

ICE cotton

Overnight ICE cotton main contract shock trend, closed 71.08 cents / pound, up 0.04 (0.06%), volume reduced. In December 5th, there was no new news in the market. The ICE cotton trading was very light. The contract price continued to narrow. The acquisition of India's new flower gradually increased, and the lint supply gradually entered the right track. The amount of US cotton market has also increased a lot, which has a slight effect on the US cotton. However, at present, the US cotton contract is still in progress, so the US cotton is expected to maintain a concussion trend after the downgrade.

　　 India Market

On the 5 day, the India S-6 ginning factory picked up a price of 39400 rupees / candi (73.70 cents / pound), and Punjab J-34 stabilized 4 rupees / mod (74.15 cents / pound) for 4 consecutive days. At present, 26 thousand tons of cotton lint were listed on India daily, including 6 thousand tons in Gujarat and nearly 10 thousand tons in Maharashtra.

　　 Pakistan Market

According to the Pakistan cotton gin Association (PCGA), Pakistan listed 170 thousand tons of lint cotton in late November, an increase of 63% over the same period last year. Up to December 1st local time, Pakistan's total listing of 1 million 660 thousand tons of lint cotton in 2016/17 has increased by 13% compared with the same period in 2015/16. The total volume of Punjab's listing has increased by nearly 21 percentage points compared with the same period last year, and the increase of 2.5% in Sindh Province. According to statistics, the total volume of new flower listed this year is 1 million 310 thousand tons and 30 thousand tons. In addition, at present, Pakistan ginning factory has 320 thousand tons of stock and 788 home run factories.