Domestic Cotton Prices Continue To Fall Slightly, Quality Cotton Has Stabilized.

At present, the quality of cotton has dropped steadily, and the decline of low quality cotton has increased.

On the 19 day, the "double 28" hand picked cotton prices in the three cotton areas of Akesu, Kashi and Korla in Xinjiang were 15900 yuan / ton, and the "double 29" price was 16100 yuan / ton (pick up and gross weight), which was flat compared with last Friday (16 days). But the actual turnover of the factory will have 50-100 yuan / ton profit making behavior, resulting in the cotton price being stable and dark.

Recently, the decline of real estate cotton in Shandong, Hebei and other places increased. On the 19 day, the price of real estate cotton in grade 3128 and 4128 in Shandong, Hebei and other places were 15200 yuan / ton, 14700 yuan / ton, respectively, compared with last week, which fell 200 yuan / ton, and the actual paction manufacturers also offered a discount of 50-100 yuan / ton.

In addition, the spot sales price of cotton reserves in the JLU region dropped by 150-200 yuan / ton, and the market bearish atmosphere was more intense.

Some market participants expect cotton to continue to decline in the near future and the possibility of a deep fall is greater.

First,

The price has been lowered for four weeks.

At present, the reserve price of national cotton reserves has been lowered for four weeks, with a total reduction of 281+45+68+131=525 yuan / ton.

Because state-owned cotton is currently the main source of cotton for spinning enterprises, the reserve price of state-owned cotton has been continuously lowered, which has brought bad atmosphere to the market.

Second, Zheng cotton has a big drop, and the profit margin is expected.

On the 12-13 th of June, Zheng cotton plummeted, but from Wednesday to Friday, Zheng cotton wandered from the low level to the lowest level without a sharp correction.

Market bearish atmosphere thickened.

Last week, ICE cotton fell for six consecutive trading days, and the December contract fell 70 cents / pound, a nearly six month low.

At present, the market bad atmosphere continues to increase, cotton prices or further down to find support.

However, there are still many factors in the market, and cotton prices will be slightly adjusted in the near future.

At present, the number of yarn outside the port is decreasing. Traders expect between 6.0-6.3 million tons. With the increase of yarn prices, domestic traders, import and export companies sign down, the number of yarn on the way and arrivals will drop, which will give domestic yarn a breathing space.

In addition, there are not many high-quality cotton in China, especially those of high quality cotton in the hands of multinational companies or large traders.

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In recent years, cotton prices in real estate have dropped considerably, and high quality cotton is still maintained, or only slightly down.

The future trend of cotton prices, the industry needs to be vigilant.

Last week, futures lint wandered low, and the spot market was relatively stable.

All places

Quotations are still declining and the market is hard to improve.

Under the influence of environmental protection, the downstream chemical fiber plant and refined cotton plant have not been started, and the purchase quantity has been seriously reduced, which restricts the development of cotton short fiber market.

However, because of the limited start-up of the oil and cotton plant and the limited supply of cotton lint, the factory's price psychology remains.

Before the advent of new velvet, the supply period will be longer, and cotton short cashmere will remain stable and weaken when environmental protection is restricted.

In terms of yarn, importing yarn imports dropped to 53 thousand tons, according to traders. In addition, due to poor domestic sales and traders' cost upside down, import customs clearance is expected to continue to decline in the near future.

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