Cotton Market: Textile Enterprises Should Not Miss The Opportunity To Replenishment.

Entering this week, the ratio of daily turnover and average daily paction price is now "double down", but the paction price has stabilized and stopped.

Since March 6th, the CF1705 contract has plunged sharply. From the trend, spot price and reserve cotton price have been echoed with Zheng cotton. However, it is obvious that the spot market shows a strong resilience against the expectation of cost, supply and demand gap and support from textile enterprises.

With the development of reserve cotton wheels, the bad profits of the external market and the panic of cotton ginning factories and cotton enterprises have been alleviated and digested, and the distance from the bottom of the market is not far away. Therefore, the spinning enterprises should not miss the opportunity to replenish the Treasury if the funds permit.

From the current market, from

The spot market will be bought, waiting for the mainland to make delivery.

On March 15-16, the disk price of CF1705 and MA1705 contracts were in the range of 15200-15300 yuan / ton and 14900-15050 yuan / ton respectively. The price of new cotton in standard grade 2016/17 was 250-600 yuan / ton lower than that in cotton reserve, which was only higher than that in March 14 and 15 days.

At present, the gross price of the "double 28" Xinjiang hand picked cotton is about 16100-16300 yuan / ton, and the gross weight quote of the real estate cotton 3128/3129 is also 15500-15700 yuan / ton. From the warehouse receipt, the probability of delivery matching to Xinjiang cotton is more than 60%.

The textile enterprises of combed yarn should choose the machine to enter the market and lock cotton resources.

The supply of cotton can guarantee supply and demand and maintain the stability of the cotton market.

On the 14 and 15 days, two consecutive days when the cotton purchase bid ratio was close to 70%, the sales volume of 15 and 16 days were reduced to 31 thousand tons, which was reduced by 1 thousand tons compared with the previous day. The attitude of stabilizing cotton price can be seen. Moreover, with the late stage of the round, once the traders and funds have been planting the cotton weather and other issues, the market wind direction is likely to reverse.

Therefore, in the sound and atmosphere of a bearish look, textile enterprises need to remain sober at all times.

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ON-CALL is adopted in advance to sign 5/7 month shipping date 2016/17 year cotton and 4/5 month shipping date of US cotton, as the cotton assorting of reserve cotton.

As of the end of February, the 2016/17 cotton textile signed export progress has reached 93%. Vietnam, Indonesia, India and other cotton mills and traders also shifted the focus of high-grade cotton shopping to the Australian cotton and Brazil cotton in the southern hemisphere.

Due to the Federal Reserve's interest rate raising at least 2-3 times in 2017, India cotton will be pushed to the international market in 4-6 months, and in 2017 the northern hemisphere's cotton planting area or huge growth will suppress the formation of ICE. After continuing to attack 80 cents / pound, it will not rule out the possibility that the main contract will fall back to 72-75 cents / pound box, so the ON-CALL mode is more suitable for Chinese buyers.

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