Textile Enterprises Ago Replenishment Behavior Made Cotton Spot Pactions Slightly Enlarged.

Benefiting from the replenishment behavior of textile enterprises years ago, spot pactions were slightly enlarged.

At present, the supply of spot market is ample, futures are sluggish, and spot paction prices are relatively stable.

Years ago, the impact of vehicle sources and snowy weather was still poor and freight rates remained high.

General trade quotas will be issued one after another, customs clearance.

Resources are scarce and prices are relatively high.

Domestic and foreign futures fell on the negative side of output and inventory growth.

The national cotton price B index was 15658 yuan / ton, and the week fell 50 yuan / ton, and the CF1701 contract of Zheng cotton futures expanded 105 yuan / ton to 798 yuan / ton than the premium.

Futures.

Under the influence of the US disk, a slight correction was made. The recent contract CF1701 closed at 14860 yuan / ton last week, and the week fell 155 yuan / ton. The turnover was 5830 hands, an increase of 19%, close to the position, close to delivery, the warehouse receipt was sufficient, and the paction was cold and clear.

The main contract 1705 closed at 15055 yuan / ton last Friday, the week fell 130 yuan / ton, clinch a deal 1106722 hands, increased 14.7%.

Holding 290488 positions has not changed much.

In the top 20, 95781 hands were bullish, 917 hands increased weekly, 129557 hands short, 3409 hands reduced weekly, 33776 hands empty, 3409 hands reduced, and bears reduced. After the fall in Friday, the empty power was released.

In the holding warehouse, we buy 8090 positions in the warehouse, sell 29207 guarantees, and reduce the number of pactions and guarantees.

With the expansion of futures discount, the warehouse receipt registration continued to decrease, and registered warehouse receipts plus effective forecasts showed a net decrease.

Near the end of the Spring Festival holiday, the replenishment of commodities is basically over. During the long holidays, the trading margin is raised, facing many uncertainties.

Us: Although the export figures are acceptable, the USDA monthly report unexpectedly raised the pressure on US cotton production and global inventory to the market psychology. After the release of the monthly report, the market size dropped, and the March contract closed at 72.21 cents per pound, or 169 points per week.

At present, both technology and fundamentals are bearish. This week, inertia will fall and return to the previous 69-72 cents / pound interval.

On the spot.

Due to the fact that the pportation of Xinjiang has not been effectively improved, the turnover of the replenishment bank before the year was mainly concentrated in the inland Treasury resources, and some of the warehouses were emptied.

Because futures are sluggish, sales will be strong and paction prices will be relatively stable.

"Double 28" concentrated in the public fixed 16000-16300 yuan / ton, strong 27 below, the horse price C2 slightly lower, the machine picked cotton because of this year's foreign fiber control better, horse value is generally lower than hand picked, and hand picked cotton gap narrowed; 3129B2 price generally in 15900-16100 yuan / ton.

According to statistics, in 2016 1-12 months, the total output of 2 million 500 thousand tons was 40%, 2 million 600 thousand tons, 1 million tons of real estate cotton and 1 million tons of imported cotton, plus the amount of domestic enterprises, and the actual consumption of cotton in 2016 was about 7 million 800 thousand tons.

Judging from the current situation of cotton yarn sales, consumption in 2017 should be relatively stable and slightly reduced.

Years ago, due to capital constraints, prices were dropping, and the rotation was approaching. Cotton mills generally had insufficient replenishment and maintained lower inventories. After that, the replenishment time could be earlier, and the replenishment efforts might be slightly larger. The processing enterprises within the territory should seize the time before and after the Spring Festival to seize the mainland and seize the post office replenishment market.

In the case of futures discount spot, the company can buy hedging on the basis of the futures, in order to reduce the cost of purchase and reduce the occupation of funds.

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