High Quality Xinjiang Cotton Resources Are Facing The Situation Of Too Many People.

Henan, Zhengzhou, Luohe, Nanyang and Hebei Hengshui library "double 28" Southern Xinjiang, Eastern Xinjiang hand picked cotton wool weight quoted price 16700-16800 yuan / ton, 3128/3129 grade (fracture strength 27-28CN) Southern Xinjiang hand picked cotton wool weight quoted price 16500-16600 yuan / ton.

Shandong, Hebei, "double 30" north of the Shawan and Kuitun producing machine cotton picking price is as high as 16650-16700 yuan / ton (reversion of the original single check data is 8-9%).

A cotton trader in Hebei said that the offer was again raised by 300-400 yuan / ton, and the downstream textile mills and middlemen had a relatively strong mood of resistance, and the trading and trading were in a stalemate. If a single purchase of more than 3 batches, cotton enterprises generally offered a profit of 50-100 yuan / ton, and all other concessions were abolished.

With the CF1709 contract rising, the futures warehouse receipts' outflow and cash pfer become more and more difficult. The pressure of Zheng's stock market has also risen from 13-14% to more than 16.8%. In the case of the main contract breaking 16200 yuan / ton,

The heat of hedging or futures arbitrage pactions in ginning plants and even textile mills has been greatly increased.

Industry analysis, spot following Zheng cotton rose overdraft downstream

Middlemen's ability to accept and digest, therefore, it is more difficult to raise 16500 yuan / ton.

After all, Zheng's huge warehouse receipts can not be digested. CF1705 contracts have only 22974 hands in bilateral positions, and there is no possibility of forcing them out, which is totally different from that of ICE.

In addition, the orderly supply of cotton reserves will keep the market supply and demand relaxed.

Monday

After the contract opened high and high, the price of the main contract opened sharply after the opening of the main contract. The price of the early trading price dropped slightly, and the price rose sharply. The price of the late trading rose sharply. Today, Zheng cotton's position has increased sharply from 24 thousand tons to 340 thousand hands.

Shandong, Hebei library "double 30" North Xinjiang Sha Wan, Kuitun production of producing cotton public quoted price is up to 16650-16700 yuan / ton (8-9% of the return of the original single public inspection data).

A cotton trader in Hebei said that the offer was again raised by 300-400 yuan / ton, the downstream textile enterprises and middlemen had strong feelings of resistance, and the trading and trading were in a stalemate. If a single purchase of more than 3 batches, cotton enterprises would generally make a profit of 50-100 yuan / ton, and all other concessions were abolished.

This year, not only Henan, Hebei, Jiangsu, Zhejiang, Shandong and other cotton enterprises involved in the layout of the acquisition work ahead of time, (contracted cotton enterprises, leasing processing lines or joint processing of funds provided by non processing enterprises), and the equipment pformation, machine maintenance and market research work of cotton enterprises in the territory were also significantly earlier than in previous years (2015 and 2016, most of the manufacturers in southern Xinjiang were scheduled for maintenance in 6-7 months).

During the week, a fall in commodity prices caused a slight impact on the cotton market, resulting in lower current price of cotton, but the market was short of confidence in the supply of high-grade cotton in the market.

The demand for downstream cotton yarn market is still good, the competitiveness of domestic cotton yarn is still maintained, and the export of textile and clothing data is heating up, which has support for domestic cotton prices.

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