The Enthusiasm Of The Spinning Mill To Catch Up And See More Is Out Of Control.

Judging from the survey, since the beginning of February, the price of Xinjiang cotton and real estate cotton in the mainland regulatory bank has generally risen 300-400 yuan / ton before the Spring Festival. The price of hand picked cotton in Xinjiang's "double 28" is generally 16600-16800 yuan / ton (gross weight); the "double 29" Northern Xinjiang hand picked cotton price is 17000 yuan / ton (gross weight); while the Hebei and Shandong real estate 3128/2128 (fracture strength 28 and above) gross price quotas also rose to 15800-16200 yuan / ton.

Industry analysis, on the one hand, since January 18th, Zhengzhou, ICE and other electronic "vane" violent drag up, especially the internal and external plates broke through 15700 yuan / ton, 75 cents / pound pass, cotton processing and traders' confidence rose rapidly; on the other hand, before the Spring Festival Cotton yarn The factory price rose by 300-500 yuan / ton as a whole. During the Spring Festival, the outer yarn of Vietnam, India, Pakistan and Indonesia took off again, and the enthusiasm of the spinning mill to catch up and see more was out of control.

Some cotton enterprises in Jiangsu, Zhejiang and Shandong have said that cotton producers and middlemen are in the stage of gradually resuming production and resuming production. There is a certain amount of cotton inventory to be digested, so the prices of inquiries and goods are mainly traders. In addition, the cotton prices have risen nearly 400 yuan / ton, and the buyers and sellers are rather divided. Buyers are not prepared to accept hastily. A trader in Henan analyzed cotton prices rose by 300-400 yuan / ton, which is not unreasonable. Downstream manufacturers should be able to accept it.

On the one hand, 12 and January cotton enterprises financial expenses + Warehousing costs The growth is at least 200 yuan / ton; on the other hand, the domestic cotton price rise is still relatively low compared to the 3-4 cent / pound price increase of FOB and CNF. Taking the quotation of C/A GC 21-2-38/39 in February 4th 2/3 month as the example of 90.50-91 cents / pound, the port delivery price under the 1% tariff has reached 15800-15900 yuan / ton (net weight settlement).

Textile enterprises in Hebei, Henan and other places believe that, since the start of the cotton rotation in March 6th, cotton companies need not worry about "no rice pot". But considering that ICE breaks through the 75 cents / pound mark, or retests 78 cents / pound and even 80 cents / pounds, the Cotlook A index will continue to have a high rate of inflation, and the reserve price of cotton will be substantially higher than expected. In addition, the export rate of US cotton has reached 84% in the year of 2016/17, and cotton, Turkmenistan and non state cotton have been exported. offer The price of India cotton S-6 CNF has risen to 87 cents per pound.

The focus of the procurement of cotton enterprises in the mainland is still concentrated on the auction of cotton reserves, and the transaction price may reach new heights. The quality and quality of the reserve cotton have greater uncertainty. Therefore, in the 2 and March plan, a certain amount of 2016/17 Xinjiang cotton and "double 28" real estate cotton will be purchased in order to prevent cotton from being badly needed. Although the market has shown a good state in recent days, the demand for cotton market remains weak, and the lint spot is temporarily unable to reverse the weak pattern. It is expected that the lint will continue to operate steadily in February.

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