Xinjiang Cotton Or Stagflation Weakened Cotton Market Fluctuated.

Enterprises have a strong desire to inventory. In recent days, many enterprises that can not withstand the pressure of inventory have begun to "sell at a moderate price", especially those with low quality cotton.

Look at the sales of Xinjiang cotton in the mainland.

The recent market bearish voice resurgence.

Zheng cotton and ICE cotton dropped together.

Since last Wednesday, Zheng cotton and ICE cotton have stopped rising and turned down.

The ICE period cotton all sped up the profit of the previous boom.

There are still more resources in the overall supply of cotton, and the fundamentals of Zheng cotton are still weak.

However, at present, the rebound trend of Zheng cotton is not over yet. It is suggested that we should pay attention to the trend of US cotton and have a greater impact on Zheng cotton in the short term.

The downstream cotton yarn market is weakening, and the purchasing intention of enterprises is not strong.

Recently, the price of conventional yarn dropped by 150-200 yuan / ton, and the profit margins of enterprises were compressed.

Take the combed 32S as an example. On the 24 day, the price of the Ji Lu area is 23200 yuan / ton line, the profit of the enterprise is only 200-300 yuan / ton, and the textile enterprises are generally inconsistent with the high price of raw materials, which will play a role in suppressing the Xinjiang cotton market.

In the past two weeks, the cotton market has become more and more serious. After the soaring cotton prices, the cotton market has been dropping gradually. The volume of real estate cotton has dropped sharply after a large increase in volume, while the spot price of cotton has been strong, and the price of cotton yarn has been weakening steadily.

Futures fell and reserve cotton rose.

Recently,

Futures oscillations fell, as of May 23rd, the main cotton CF1709 contract closed 15720 yuan / ton, continued to drop 130 yuan / ton, compared with the May 16th high of 16240 yuan / ton, down 520 yuan / ton.

However, the reserve price has risen sharply.

This week, the reserve price of the reserve cotton wheel was 15885 yuan / ton (standard class price), up 333 yuan / ton compared with last week.

Reserve real estate cotton is hot and cold.

Last week, the reserve real estate cotton traded 58 thousand and 600 tons, with an average turnover of 11 thousand and 720 tons per day.

Compared with the previous weeks, the daily turnover of 3000-4000 tons increased significantly.

But this week, the real estate paction rate dropped sharply.

Cotton spot rose and cotton yarn fell.

The mainstream prices of combed 32S and combed 21S in Ji Lu area were 23200 yuan / ton, 23300 yuan / ton respectively, and the price center of gravity continued to drop 100-200 yuan / ton compared with last week.

Since the middle of this month, cotton yarn has dropped by 200-300 yuan / ton.

Raw materials are rising, cotton yarn is falling, spinning enterprises are buying high cost raw materials and selling cotton yarn on the same price. Profits are seriously squeezed.

Akesu, Bachu, southern Xinjiang

The regulatory repository of other places reflects that over the past week or so, the volume of motor vehicle storage and warehousing has continued to decline, and the handling pressure of warehouses has been greatly reduced. The highway pportation quotations have not declined with the price of gasoline (diesel) substantially reduced, and the decrease of cotton output has kept steady. The freight charges from Akesu to Henan, Zhengzhou, Nanyang and other places have been stabilized by 720-740 yuan / ton, and 750-770 yuan / ton (including tickets).

This week, the listing of Xinjiang cotton was reduced compared with the previous week, causing traders to

Supply worries.

On the spot side, although the price of zhengmian fell, the sentiment of traders and hoarding traders in the territory were reluctant to sell, the price and the bullish mood were not affected. The enthusiasm of the mainland textile enterprises and middlemen to inquire and see goods declined compared with the mid May, and the trading atmosphere also weakened.

Downstream consumption side, the arrival of the off-season, downstream textile factory procurement enthusiasm weakened, spinning enterprises orders decline, profit margins narrowed.

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