Cotton Futures: Systemic Risk Has To Be Prevented.

The farmers in Sha ya, Awati, Kuche, Bachu and other places reflected that since the middle of March, there was no heavy rain, low temperature and sand dust weather in the southern Xinjiang cotton region. There was no regional hail. Not only did the cotton seedlings germinate, break the soil and germinate smoothly, but so far the growth was stronger than that in 2015 and 2016.

Within the territory, cotton spot price performance was strong, high quality lint rose 200-300 yuan / ton, "double 28" hand picked cotton wool to re raise the price of goods 16000-16200 yuan / ton, and the difference between the mainland and the mainland bank was only 200-300 yuan / ton, but no quotation was raised. Compared with the mainland's textile enterprises and traders, the inquiry and pickup started to cool down compared with the beginning of May, and the "double 29/ double 30" cotton trading atmosphere in the early stage of the mainland was also weakened. Buyers and sellers entered the psychological game and stalemate stage.

Pakistan:

The government announced that it would levy 4% cotton import duties and 5% sales tax from July 15, 2017.

This led to the dissatisfaction of the textile enterprises in the country, causing the local traffic to be paralyzed in port Boras and the port of borm, and pport operators said they would charge for port congestion.

APTMA urged the government to coordinate the resolution as soon as possible.

It is also understood that the current price of the new flower mill in Pakistan is 6700-7000 rupees / Moore (77.00-81.00 cents / pound).

India: India S-6 new flower ginning factory takes delivery 43750 rupees / candi (87.15 cents / pound), Punjab J-34 4690 rupees / Moore (89 cents / pound).

The daily listing amount is about 7990 tons, of which 2040 is Gujarat and 3400 tons are Maharashtra.

The cotton planting campaign in northern India has been successfully carried out, and the expected 75% has been completed.

In addition, the S-6 price of the inferior quality is 42500 rupees / candi (84.70 cents / pound).

The reserve price of 2016/17 cotton reserve is 15552 yuan / ton (standard price), which is 114 yuan / ton less than last week.

Yesterday, the sale of resources in the reserve cotton mill was 29966 tons, and the actual turnover was 25356 tons, with a turnover rate of 84.62%. The average price was 15115 yuan / ton (up 11 yuan / ton compared with the previous day), and the price of 3128 yuan was 16253 yuan / ton (compared with the previous day price fell 23 yuan / ton), of which the average price of Xinjiang cotton was 15556 yuan / ton, and the average price of real estate cotton was 14641 yuan / ton.

Recently, the turnover rate of real estate cotton in reserve cotton increased, mainly due to market for next week.

Auction price is expected to raise a lot, while the increase in the price of real estate cotton is only 200-300 yuan, so this week's auction of real estate cotton is relatively appropriate.

On the spot, affected by Zheng cotton's rise and the average paction price of new cotton in Xinjiang cotton reserve is relatively high, the price of Xinjiang cotton is relatively strong, especially in Xinjiang. The price of local cotton prices is rising. However, the inquiry and delivery of the mainland textile enterprises and traders began to cool down in early May, and the trading atmosphere also weakened. Buyers and sellers entered the stage of psychological stalemate and stalemate.

After the fall of Zheng cotton prices, warehouse receipts began to flow out of Zheng cotton market.

A few days ago, in the ICE cotton prices rose, the price of Zheng cotton also rose sharply. Considering that there are a large number of domestic cotton reserves and Zheng cotton still have a large number of warehouse receipts, Zheng cotton up easily after being up.

At present, the price of American cotton has begun to return, and the trend of Zheng cotton has returned to the fundamentals.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.