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    Domestic Cotton Spot Prices Stabilize Downstream Cotton Yarn Market Into The Off-Season

    2017/6/12 19:55:00 74

    CottonPriceMarket Quotation

    Textile enterprises will increase their willingness to replenishment, and cotton prices will be warmer and warmer.

    The ICE cotton was weak this week. In the beginning of the week, because of the rising US dollar and the good condition of cotton growing, the cotton futures continued to drop.

    Overall, Zhengzhou cotton has gone up slightly this week, and ICE cotton is weak.

    Within fourteenth weeks of the week, the standard sale base price was 15559 yuan / ton, which was reduced by 45 yuan / ton compared with thirteenth weeks (15604 yuan / ton).

    During the week, the cotton market remained stable, and Xinjiang cotton was still in hot demand. The national storage real estate cotton business picked up slightly, and the total turnover rate was stable at 60-70%.

    A sampling survey of the national cotton market monitoring system during the week showed that the number of days used in the cotton industry in the whole country was about 30.7 days, and the decrease in the ratio of 1.2 days was 1.7 days.

    The proportion of enterprises preparing to purchase raw materials increased to 77%, and the annulus ratio increased by 5 percentage points, up 1 percentage points over the same period last year.

    The stock will be reduced and the purchasing intention will be strengthened to support the spot price of cotton.

    The downstream cotton yarn market shows a steady trend. According to the sampling survey of the national cotton market monitoring system, the characteristics of the off-season are obvious.

    During the week, there was a demand for replenishment in the market. After the downward trend of Zheng cotton, the long buying opportunity showed a slight rebound, which led to the stabilization of domestic cotton spot prices.

    Downstream cotton yarn market entered the off-season, production and sales declined, to cotton

    Price

    Lack of support.

    In general, cotton supply and demand structural tension still exists, bottom cotton prices, but downstream production and sales decline short term bad Cotton City, consider textile enterprise inventory reduction, replenishment will warm up, is expected next week cotton futures market stable and warm running, market average price of 16050-16080 yuan / ton.

    This month, cotton production in China increased by 100 thousand tons to 4 million 820 thousand tons in 2016/17, and cotton consumption increased by 100 thousand tons to 7 million 690 thousand tons. Other estimates remain unchanged.

    This month, China's cotton planting area is estimated to be 3 million 200 thousand hectares in 2017/18, an increase of 3.2% over the previous year, unchanged from last month's forecast.

    cotton

    The average yield per unit area is 1572 kg per hectare, which is 1.1% higher than that of the previous year. In May, the temperature in most parts of Xinjiang and the main cotton areas in the mainland was high, with enough sunshine and less rainfall. The soil moisture was suitable for the growth of cotton and the growth was better than that of the same period last year.

    Cotton production forecast 5 million 30 thousand tons, an increase of 4.4% over the previous year.

    cotton

    The import volume was 1 million 100 thousand tons, an increase of 100 thousand tons over the previous year, which was unchanged from last month's forecast.

    Cotton consumption was 7 million 690 thousand tons, unchanged from the previous year.

    The domestic cotton market is running smoothly in the new year, and the domestic 3128B grade cotton average price interval forecast in 2017/18 will remain 14500-16500 yuan / ton interval.

    The price of international cotton is up, and the average price of CotlookA index of 2017/18 is running at 75-90 cents / pound interval.

    According to relevant textile enterprises feedback, Sichuan textile enterprises in recent cotton procurement volume is not large, but the price is relatively stable.

    The mainstream price in Sichuan is about 16 thousand and 500 yuan per ton.

    At present, all spinning enterprises are using second-hand cotton reserves.

    It is understood that the recent participation in the reserve cotton bidding of textile enterprises is not much, less than 10% of Sichuan textile enterprises, auction price in the middle, more than 1.40-1.55 million / ton.

    Most textile companies are secondhand goods in the spot market, mainly due to capital turnover.

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


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