Outside Cotton Futures Prices Rise, Textile Enterprises Must Remain Unchanged.

"Many of our peers are like us," we have cotton in our hands, but we do not panic in our hearts. "Although the price is high, the turnover is not large, and the sentiment is strong. After the Spring Festival, the price of 1705 of the main cotton contract of the Zhengzhou cotton company rose 500 yuan / ton before the Spring Festival. The chief executive of a large textile enterprise in Shihezi, a famous cotton textile city in China, told reporters that the price rise was expected. The company purchased cotton for a month before the Spring Festival.

During the Spring Festival, China's cotton futures stopped trading, while the US cotton futures traded normally, and the price rose, which was transmitted to the domestic market, driving domestic cotton futures and spot prices up. China cotton group A person in charge analysis pointed out that during the Spring Festival, the US main contract increased by 4 cents per pound. There are a lot of unpriced contracts in the market to support the stable cotton market. Take the ICE3 month cotton contract as an example, as the price notice day approaches, the cash basket and the international cotton trader tend to have more tendency.

In the spot market, as of now, the US cotton export task has been completed by about 70%. Due to the abolition of the large denomination banknotes in India, the cotton spot transaction was disrupted, and the purchase and supply of cotton decreased year by year, which in turn increased the import of cotton. Thanks to this stimulus, the price of cotton and cotton rose from 83 cents / pound to 86 cents / pound before the Spring Festival, rising to 88 cents / 89 to 89 cents / pound after the Spring Festival.

From the point of view of international supply and demand, International cotton Supply and demand are in a tight balance. Reporters learned from Jinshi futures that the world's latest cotton production report predicts that the annual output of 2016/2017 cotton is 22 million 359 thousand tons, an increase of 6.5% over the previous year, and the demand is expected to be 24 million 391 thousand tons, an increase of 0.64% over the previous year, when the annual gap is 2 million 32 thousand tons.

From the perspective of domestic supply and demand, the national cotton market monitoring system data in January 2017, 2016 cotton production is expected to yield 5 million 117 thousand tons. According to the relevant trade regulations of WTO, China now imports 894 thousand tons of cotton per year. In China, roughly 7 million 200 thousand tons of spinning cotton per year is roughly measured, and China's current cotton shortfall is about 1 million tons.

In the face of rising cotton prices, the head of cotton procurement of a large textile enterprise in Henan resolutely ended the vacation ahead of schedule and returned to work Xinjiang. After some communication with the upstream and downstream customers and colleagues, he breathed a sigh of relief and told reporters that although the price of cotton was rising, the downstream yarn did not rise much. At present, most of the spinning enterprises are selling products, and they will not rush to buy Cotton after the price rises. Unless there is a new order, the textile enterprises will purchase it for performance.

Some market analysts pointed out that the current part Cotton ginning factory Some quotations from cotton traders are "high and cold", and the actual price is mainly affected by the demand of downstream textile enterprises. With the rising price of cotton in the early stage, the difference between the national cotton and imported cotton has gradually narrowed to around 1000 yuan / ton, narrowing sharply compared with the historical high of 5000 yuan / ton and 6000 yuan / ton before the implementation of cotton target price subsidy in 2014. In addition, China's textile enterprises have improved their competitiveness in recent years in terms of technological improvement, equipment renewal and management innovation, and the problem of international order outflow has been alleviated to a certain extent, and the bargaining power of textile enterprises to the upstream cotton has increased.

In addition, a number of cotton farmers, cotton ginning enterprises and Cotton Traders interviewed by reporters said frankly that as a participant in the cotton textile industry chain, in the long run, cotton prices are expected to be stable and the cotton textile industry will develop healthily. Only in this way can the parties in the industrial chain realize the sale of products at a fair price and maintain a more stable income.

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