Xinjiang Auto Export Cost Stable Southern Hemisphere New Cotton Market Pressure Cotton Price

According to the regulatory repository of Akesu and Bachu, the 10-16 days of April were basically the same as last week, and mainly shipped to the mainland Cotton Traders and traders. A few cotton mills that are eager to replenishment are also spanported by road. However, there are few cotton processing plants in southern Xinjiang that move to the mainland's consumption areas. In the first ten days of April, the amount of listed resources of Xinjiang cotton increased in 2012/13, and the enthusiasm of textile mills and traders in bidding for cotton reserves increased. The phenomenon of "competing for customers and competing for market" between quality reserve cotton and Xinjiang cotton in 2016/17 was obvious. The number of reserve cotton on the two market in the mainland market increased significantly.

Affected by inland bank 2016/17 Xinjiang cotton With the gradual decline of inventory and the need of CF1705 contracts for the delivery of road traffic by cotton traders, the freight rates of roads increased and decreased, and the quotations of some routes which were small in spanport volume, long distance in spanportation and less return activities were slightly increased, while freight rates in Henan, Hubei and Hebei were slightly reduced.

According to the statistics of China Cotton Association logistics branch, as of the end of March, the total volume of cotton business in the whole country was nearly 2 million 30 thousand tons. About 70% of them were still concentrated in the Xinjiang regulatory database, while the southern Xinjiang reservoir accounted for a large proportion. Plus a large number of warehouse receipts cotton (as of April 17th, zhengmian warehouse warehouse volume 3809 (+3), the number of lint cotton 152 thousand and 360 tons; effective warehouse receipt volume 3253 (+29), folding cotton 130 thousand and 120 tons, two total 282 thousand and 480 tons) and reserve cotton, short term cotton resources are abundant, but high grade. cotton Resources are relatively tight and prices are relatively strong.

By the CF1705 contract broke 15300 yuan / ton resistance position and the proportion of cotton turnover, the spanaction price and the highest increase in price rise, the quotation and spanaction price of cotton within the territory showed a slight increase, generally in the range of 100-200 yuan / ton, cotton processing plants and cotton merchants were reluctant to sell and bullish sentiment spread, "double 28". Hand picking cotton The offer is above 15800 yuan / ton (gross weight).

According to foreign media reports, with the weak demand in the textile market and the continuous increase of cotton acreage and production, especially in the southern hemisphere, cotton production continues to increase, so the cotton market is not booming at present. According to statistics, ICE futures were basically in a relatively low state last week. After the weekend consolidation, the contracts in May and July rose by 1.07 cents / pound and 2.16 cents / pound respectively.

On the spot market, the increase in the supply of cotton in the southern hemisphere continued to exert pressure on spot prices until the end of the year. India's domestic cotton prices stabilized at a high level, and the continued appreciation of the India rupee led to an increase in demand for India's foreign cotton, although last week, S-6 cotton prices in India dropped by 0.7% to 300 rupees / candi. Cotton yarn, along with the decline of demand in Chinese market, cotton yarn prices have dropped completely, and the demand for Chinese market will continue to decline in the coming weeks due to seasonal demand. Cotton yarn price will not continue to be optimistic.

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