Zheng Cotton Prices Are Still Fluctuating Frequently.

Recently, the domestic cotton market has finally stabilized.

At present, there is no clear guidance in the market, and the recent price of Zheng cotton is still in the state of frequent fluctuations. It is expected that the price of short-term endothelial cotton is still stable in a narrow range.

As of December 19th, Xinjiang spot "double 29/ double 30" platform delivery price of 16000-16200 yuan / ton, partial actual paction price can be discussed.

The pick up price of the "double 28" platform is 15500-15600 yuan / ton.

In recent days, Xinjiang cotton subsidies for Xinjiang have brought good news to cotton.

As of December 19th, the the Yellow River River Basin and the Yangtze River Valley 3128 grade balun cotton 15700-15800 yuan / ton, small cotton price 14500-15300 yuan / ton, the market fluctuated slightly, overall stable.

Short term cotton is expected to fluctuate slightly, for the following reasons:

First, seed cotton prices continue to rise, favorable lint market.

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Less support, cotton prices remain high in recent years.

As of December 19th, Xinjiang seed cotton purchase ended in Northern Xinjiang. There are still a small amount of seed cotton to be collected in the southern Xinjiang. The price is 7.10-7.25 yuan / kg. Last week, the price of seed cotton rose by 0.05-0.10 yuan / kg. The purchase price of seed cotton in the Yellow River basin and Yangtze River valley was 7.20-8.00 yuan / kg, and local rose by 0.03-0.50 yuan / kg.

The price of raw materials continues to rise, and the cost is also rising.

Second, there are not many sources of lint, especially in the mainland.

Due to the recent closure and reduction of cotton enterprises, the processing of cotton enterprises has been affected.

Inventory is still relatively tight, and because of the current cotton enterprises stock gradually bottomed out, some enterprises still have rigid demand for replenishment, cotton enterprises still have a strong desire to support the lint spot market.

On the other hand, the market bearish factors can not be ignored.

First, the weak futures market has not yet been able to boost the lint spot market.

Thanks to the strong export sales of the United States, last week (12-16 December), cotton prices continued to rise, and zhengcotton prices continued to rise slightly. As at December 16th, Zheng cotton 1701 contracts closed at 15735 yuan / ton, up 30 yuan / ton compared with 15705 yuan / ton in the same period of the previous week, but the Federal Reserve raised interest rates by 25 basis points, and the dollar rose sharply.

Increase, and due to a slight improvement in the source of tension, Zheng cotton rose blocked, the short term will continue to maintain the interval oscillation pattern, has not yet been able to support the lint spot market.

Second, the tension of logistics will be eased, which will adversely affect the lint market.

In the background of "the most stringent restrictions on overloading orders in history", the reduction of motor pport capacity led to the tension in Xinjiang's outward shipment in 9-11 months, and the pportation volume of Xinjiang cotton fell by 6 in the 9-10 month. In November, the volume of pportation increased, down 3 from the same period last year, of which the motor pport basically recovered, with a monthly average of 25-30 tons, and the train remained tense.

On the whole, Xinjiang cotton pportation is in the process of recovery. It is estimated that the pport of 450 thousand tons of Xinjiang cotton in December will be restored to the level of last year in January.

Late logistics tensions will be eased, which will adversely affect the lint market.

For more information, please pay attention to the world clothing shoes and hats net report.