The Turnover Rate Of Reserve Cotton Declines, And Zheng Mian'S Trend Shocks

In recent weeks, the turnover rate of reserve cotton has declined. On the one hand, enterprises are more rational in bidding, and on the other hand, they are not very optimistic about the listed resources of reserve cotton, which is also a reason why there is a certain gap with the spot quality. The auction turnover rate of reserve cotton on the previous trading day was 64.25%, and the average transaction price was 14769 yuan/ton, 5 yuan/ton lower than the previous day's price, which was converted into 3128 yuan 15966 yuan/ton. From March 27 to March 31, the reserve cotton wheel will be rotated out for one week, and the bottom price of sales will be 15476 yuan/ton (standard price), which is 1 yuan/ton higher than that of last week.

Recently, both textile enterprises and traders have become rational in bidding for reserve cotton. Both textile enterprises and traders are bidding according to their ability and demand. On Monday, Zheng Mian's contract fell in shock. After the main contract was opened slightly higher, the trend of shock was weak. The price fell to the bottom in the morning, then rebounded in shock, and the price fell in the end. At present, Zheng Mian's position is slightly reduced to 406000.

1. Since late March, Aksu, Bachu and other regulatory libraries have offered gross weight of RMB 15000-15300/ton for 3128/2128 (breaking specific strength 27-28CN), 15500-15700/ton for "Double 28" hand picked cotton, and 15800-16000/ton for "Double 29" hand picked cotton, which has remained flat for several days.

2. Xinjiang cotton transferred to consumption areas in the mainland is mainly "double 28/double 29/double 30", and there are few hand picked cotton whose breaking strength is lower than 27.5CN. Therefore, when Zheng Mian's CF1705 contract fell by more than 1600 yuan/ton and the daily average transaction price of reserve cotton fell by 700-800 yuan/ton, Xinjiang cotton The spot only has a symbolic callback of 200-300 yuan/ton, which is very resistant to falls. Traders and cotton enterprises stick to the bottom line of cost, which leads the textile mills in the mainland to flinch from high priced cotton. They can only look from afar and postpone procurement.

Pakistan: The picking price of Pakistan's new flower ginning plant remains stable, with 6800-7150 rupees/Moender for high grade and 6000-6500 rupees/Moender for low grade. Over the weekend, the Punjab Agricultural Department reminded local cotton farmers that the sowing time should be between April 15 and May 15, and only cotton seeds that have passed the government inspection should be used.

India: On the 24th, the picking price of India S-6 gin mill was 43850 rupees/Kandi (85.45 cents/pound), and that of Punjab J-34 was 4820 rupees/Mohnd (89.50 cents/pound); At present, 21800 tons of lint cotton are traded in India every day, including 5950 tons in Gujarat and 8330 tons in Maharashtra. As of March 23, 2016/17, the cumulative number of new Indian flowers on the market was 4.369 million tons, which currently accounts for about 75% of the total expected output.

A total of 30000 tons of reserve cotton were auctioned in the two festivals, including 107500 tons of Xinjiang cotton, which was lower than the previous listing volume. The turnover rate of reserve cotton fell to 52.6% in the morning. The number of Xinjiang cotton on the market is reduced today, so consider the good ones Resources As a result, the turnover rate of reserve cotton declined, and the price increase did not increase significantly. It can be seen that enterprises are still rational in bidding. In addition, the quantity of Zheng Mian's warehouse receipts is still increasing, and downstream enterprises are not active in receiving orders. The warehouse receipts still have pressure on Zheng Mian, but with regard to the current spot price and Reserve cotton Judging from the transaction, it is expected that the downward adjustment space is limited. In addition, attention should be paid to the overall trend of commodities.

For more information, please pay attention to the report of World Clothing, Shoes and Hats Network.