Cotton Prices Continued To Rise, And Cotton Prices Continued To Rise.

Recently, the spot price of the market rises first and then steadily.

According to market feedback, as at 13 days, Xinjiang cotton ginning plant "double 29" and "double 30" hand picked cotton prices were 15900-16100 yuan / ton, compared with last Friday.

The price of 3128 grade lint factory is 15800-16100 yuan / ton, and 4128 grade lint is quoted at 15400-15700 yuan / ton.

Overall, lint rose by an average of 100-150 yuan / ton.

After analysis, the price of lint rose and was supported by the following advantages:

Enterprises participating in the auction of cotton reserves were hot, leading to a substantial increase in Zheng cotton prices.

At the early stage of the cotton reserves, the demand for raw material procurement of textile enterprises was released. In March 6th, 30169.357 tons of resources were sold out of the cotton reserves, and the actual turnover was 30169.357 tons, with a turnover rate of 100%.

The 6 day maximum paction price 16380 yuan / ton (2012 new cotton), the average price of 15476 yuan / ton, 3128 price 16640 yuan / ton (public weight).

On the 6 day, the maximum price of single bundles was 2740 yuan / ton (2012 Xinjiang cotton), and the first day of the cotton storage came out, and the textile enterprises actively bid for the cotton. The highest price of cotton reserves reached 16380 yuan / ton.

Prices also rose sharply, in March 6th, zhengmian main 1705 contract closed at 16430 yuan / ton, up 545 yuan / ton, Zheng cotton prices rose, increasing market confidence, manufacturers have also been on the naughty cotton sales quotes.

The cost is high and the supply is limited.

At present, the purchase and sale of seed cotton is in the late stage. There are not many sources of goods left in the market, the price is still high, the profit of seed cotton processing is very low, the overall start-up rate is relatively low, and the lint supplies are relatively limited in the hands of manufacturers.

The price of individual lint continues to decline slightly under the following negative factors.

Zheng cotton prices fell rapidly after the rise, the market wait-and-see mood increased.

Because of the cooling of the reserve cotton business and the return of the auction price and the increase in price, the average price of the cotton reserve fell by 144 yuan per ton on Tuesday. After the Monday rally, Zhengzhou cotton started to fall back on Tuesday. As of last Friday, Zheng cotton CF1705 contract closed at 15465 yuan / ton, up 16430 yuan / ton, or 965 yuan / ton, or 5.87%, compared with 15950 yuan / ton in the same period last week, or 485 yuan / ton, or 3.04%.

Zheng cotton prices continue to fall, increasing market wait-and-see sentiment.

at present

The turnover rate is high, with an average turnover rate of over 97%. The textile enterprises actively bid for cotton reserves. Although there is still 10-15 days left from the reserve cotton store, the raw material inventory of the textile enterprises is very tight, but the spot purchase intention is still low. Even if the purchase is also mainly used with the purchase, the turnover will remain slack after the cotton price is raised, which will limit its rising space.

Some cotton is not yet sold in 2016/17, which needs and reserves cotton.

Looking for buyers, if the high cost of cotton reserves will limit the spot sales, the spot can not sell will sell futures or reduce prices, so the textile enterprises on the spot price affordability is more critical during the round, and after the start of the domestic cotton market will be oversupply, once the pressure appears, cotton prices are facing downward pressure.

Generally speaking, the current market wait-and-see sentiment is heavier, and it is expected to run in a short or steady way. In the later stage, we still need to wait and see the situation of the cotton reserve business. If the cotton reserves continue to be heated, the price of cotton will continue to rise.

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