Cotton On Time, But Still Failed To Change The Rhythm Of Zheng Cotton'S Rise.

Near the end of the year, there seems to be a stir in the futures market. Or with the help of the black line, most of the commodities have gone up sharply, and cotton is no exception, of which the CF1705 contract has reached a maximum of 15510 yuan / ton.

Just when we think that the purchase and sale market is too cold to see cotton prices, it rises with the strength of the market.

Now the market is more concerned about whether it is possible for Zheng cotton to have another wave of market before the March 2017 cotton spinning.

In 2016, before the reserve cotton came out, the spot market was in urgent need of cotton and the price rose rapidly. At this time, Zheng cotton disk kept up with the spot market trend, and there were several successive trading restrictions.

Careful analysis of the reasons is not difficult to find, at that time spinning enterprises inventory urgent, and the market spot supply is limited, especially

More scarce.

Despite the fact that the cotton was delivered on time, it still failed to change the rhythm of Zheng cotton's rise.

It can be seen that spot supply is tight enough to direct this wonderful repertoire.

Some people believe that in 2017, when cotton is empty, there may be a wave of bullish prices before March.

A sample survey of the national cotton market monitoring system showed that as of January 10th, the average daily use of cotton in the enterprises surveyed was about 31.5 days (including the quantity of cotton imported to Hong Kong).

According to relevant data projections, the national cotton industry inventory of about 643 thousand tons.

Major provinces of China

Industrial inventory is different, and Fujian, Hebei and Jiangsu have a relatively large number of days in which the cotton industry is in stock.

It is estimated that the stock of spinning enterprises will be able to support at least ten in February (if the time of the holiday is counted, the stock can be maintained until the end of February).

Of course, commercial inventories have not yet been counted, but according to the progress of cotton sales this year, there is no possibility of a commercial inventory being cut off.

Therefore, the probability of large-scale replenishment of spinning enterprises before the storage of cotton wheels is low.

Of course, there are many factors that affect cotton prices. But judging from the situation of last year's rotation, cotton prices this year do not meet the requirements of the previous year.

In particular, the relevant departments have already checked a certain number of reserve cotton in advance. As long as the market price anomalies are in short supply, the unit can be increased at any time.

To ensure market stability.

Therefore, before March 2017, the probability of Zheng cotton following the spot rose sharply, but did not exclude the middle of killing Cheng Yaojin, causing Zheng cotton and spot prices to be abnormal.

Near the Spring Festival, the volume of trading decreased, and the cotton prices of various regulatory libraries in Xinjiang were weakened. The inquiry and paction began to become deserted. The "double 28" hand picked cotton and wool weight quotes were 15200-15400 yuan / ton in the southern Xinjiang platform, and the gross weight of the "double 29/ double 30" machine picked up in North Xinjiang was about 15500-15600 yuan / ton.

After spinning enterprises to build a warehouse, considering that the country will start throwing stores in March next year, and now approaching the Spring Festival, textile enterprises are generally motivated to purchase at present.

In December, the amount of imported cotton will be in the tens of thousands of tons. In addition, Xinjiang cotton shipped 477 thousand tons in December, plus real estate cotton, so it is expected that in January, the cotton resources in the mainland will be rich, and the spot price of lint will fall easily. According to statistics, the total cotton business inventory in the whole country will be about 3 million 10 thousand tons at the end of December.

In March this year, we began to throw reserves. On the one hand, there was pressure on the market on the supply side. On the other hand, the reserve price of cotton auction will be taken as the benchmark price of cotton price difference between inside and outside. When the lower cotton price will lower the average price of the market, the reserve cotton will also have a certain pressure on the cotton price in the future market.

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