It Is Expected That The Turnover Rate Of Cotton Reserves Will Decline Sharply.

Last week, the turnover rate of cotton reserves increased to more than 80%, and the turnover rate of cotton reserves dropped sharply this week.

There are two characteristics from the turn out: the turnover rate of cotton reserves has dropped greatly, and the reason for the big drop is that the volume of real estate cotton has been greatly reduced, and the average increase has dropped significantly, especially Xinjiang cotton. Last week the average price increase was over 1000 yuan / ton.

Why is the turnover rate of cotton reserves decreasing? What is the average price increase of Xinjiang cotton?

In view of the unstable and unstable cotton prices, they suspend the auction of real estate cotton.

"For the time being, we mainly shoot new territories cotton."

The cotton business practices represent the majority of business ideas.

The reserve price of cotton reserves has risen, and some of them have not dared venture again.

As the reserve price of cotton reserves rose substantially, this resulted in a sharp decline in the reserve price of cotton reserves. On the other hand, the reserve cotton was sold to the spot market and profits were greatly reduced.

Going into the stock market this week showed a weak trend.

High price new territories cotton trade is scarce.

Downstream textile enterprises believe that the price of Xinjiang cotton is too high, most of them stop shopping and wait and see; secondly, there are few pactions in Xinjiang cotton and real estate cotton. In May 23rd, the "double 28" Xinjiang cotton (light yellow dye cotton, horse value B3, fracture strength S3) price was 16500 yuan / ton, and the 3128 level reserve real estate cotton price was 16100 yuan / ton (horse value B3, fracture strength S3), and the turnover was also very scarce.

Due to this week

It is expected that a sharp decline in the cotton turnover rate will weaken if the underlying price rises and the market bullish atmosphere weakens.

In the recent spot market, as the price of long staple cotton continues to rise, trading volume begins to slide, but bullish sentiment is still strong.

Xinjiang's long staple cotton prices have risen slightly.

According to some Xinjiang cotton enterprises, with the accumulation of long staple cotton warehousing, interest and other expenses, enterprises have to raise prices to make up for losses.

Because of the increasing atmosphere of cotton market, some staple cotton enterprises are reluctant to sell cotton.

Inland

Price increases are large.

In May 23rd, Henan and other places 137, 237, 336 grade long staple cotton out of the warehouse price 22300-23400 yuan / ton (pick up, gross weight), 21300 yuan / ton, 20200 yuan / ton, compared with last week rose 200 yuan / ton.

Since May, there has been a cumulative increase of over 500 yuan / ton, and the price difference between high and low grade long cotton has gradually widened, and the price difference between grade 137 and grade 336 exceeds 2000 yuan / ton.

The turnover of long staple cotton decreased.

According to Xinjiang, mainland manufacturers and traders, recently, staple cotton is mainly concentrated in the hands of large traders and spinning enterprises. The excessive concentration of resources has made the price of long staple cotton rising, but turnover has declined significantly.

For example, there are only 2-3 batches of long staple cotton weekly turnover in Henan.

Market bullish mentality is still more obvious.

The upward shift of reserve cotton prices will bring more confidence to fine staple cotton. The price of fine staple cotton will increase or lead to the rise of long staple cotton. Under the trend of buying or selling, the cotton enterprises will carry out centralized replenishment of long staple cotton.

The turnover rate of cotton reserves is over 80%, of which the turnover rate of real estate cotton has increased from 70.37% of the previous week to 70.37%, and the turnover of real estate cotton has increased significantly.

Spot, as of 22 days,

Akesu, Kashi and other places market "double 28", "double 29" hand picked cotton price at 16200-16300 yuan / ton (pick up, gross weight), Shandong, Hebei and other places, "double 30" Xinjiang hand picked cotton price at 17000 yuan / ton, "double 28" reserve Xinjiang cotton (light spot cotton) price in 16100 yuan / ton line, 3128 level reserve Xinjiang hand picked cotton (horse B3, fracture strength S2) price is 16300 yuan / ton line.

It is understood that although the spot price of cotton rose, but the actual volume is not large, buyers and sellers stalemate wait and see.

The negative factors of cotton market are still lingering.

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