Zheng Cotton Fell Into The Abyss: Where Is The Bottom Of The Consolidation?

In order to cope with this heavy pollution weather, we have launched various emergency measures, including vehicle number restriction and factory shutdown.

Of course, under such circumstances, cotton processing plants also shut down and shut down, and the whole market fell into silence, and the atmosphere was somewhat dignified.

Under such a gray weather, almost all commodities are "green", which is sacred, the control of the disk, and even the unusually strong varieties before going down the way, such as non-ferrous metals, Oils and fats.

In fact, the important reason for the big callback is that the banks have tightened up the money bags and the market has made money shortage.

Surprisingly, the impact on the disk exceeded expectations.

In response to this callback, people can not help asking, where is the bottom of Zheng cotton's callback? From the spot market,

Transaction prices remain stable.

According to the national cotton market monitoring system price index, in December 19th, the national cotton price A index was 16214 yuan / ton, and the national cotton price B index was 15874 yuan / ton, compared with the beginning of the month, the price remained stable basically.

At present, the purchase and processing of seed cotton in most cotton fields in Northern Xinjiang has ended, and only a few of the cotton ginning plants have yet to be concluded.

In addition to Korla and Akesu, there are still some cotton ginning plants in the southern Xinjiang, but 60%-70%'s cotton enterprises have stopped collecting.

The current "double 29/ double 30" machine's gross price for picking cotton is 15600-15800 yuan / ton.

Affected by fog and haze,

Cotton trading across the whole line is suspended, and the whole cotton market is in a state of no market price.

As of December 16th, Hebei, Shandong and other places lint 3128 class factory price concentrated in 15400-15600 yuan / ton, affected by cost support, spot prices continue to lower pressure.

And downstream procurement, purchase has not yet undergone major changes, so the disk continues to go down is unlikely.

According to the current Zheng cotton pullback amplitude, it is estimated that 15000 yuan / ton will be a strong supporting position.

At present, the market is closed in recent years, and bank credit is tightening.

The price is weakening and Zheng cotton has plummeted.

Cotton yarn is driven by the rising market of chemical fiber, and prices are still strong.

Generally speaking, the supply and demand of the domestic cotton market is mainly loose and weak in the short term. Zheng cotton has a big decline now, and the probability of callback is expected to be larger.

Recently, heavy fog and haze occurred in the Yangtze River and Huang Huai basin, and the meteorological department issued a red warning. Haze has had a slight impact on cotton production and sales.

The whole market fell into silence, and the atmosphere was somewhat dignified.

At that time, the short term was running smoothly. Zheng cotton fell sharply and the spot price of the market kept going down.

On the one hand, the price of cotton in the market has been in a stable state since December, and the market is in a stalemate.

On the other hand, near the annual settlement, bank credit tightening, the market began to make money shortage, futures market clearing and withdrawals become a form of relief.

At present, the downstream textile enterprises in view of the current high price of Xinjiang cotton, and in March, they can pick up, sell, throw and store cotton, so most of the enterprises are buying with them. However, some enterprises are beginning to start to store goods properly before the festival, and the recent price of the downstream cotton yarn has also begun to rise slightly, especially the polyester cotton yarn is rising rapidly due to the rising PTA price of raw materials upstream.

In recent days, the volume of warehouse receipts and effective forecast of warehouse receipts continued to increase, totaling 130 thousand tons of cotton, while 1701 holding 119 thousand tons on one side. Therefore, warehouse receipts have greater pressure on the disk. Today, Zheng cotton's main contract has fallen below the 40 day moving average.

We should pay attention to the overall trend of commodities in the near future.

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