The Average Price Of Cotton In The Reserve Cotton Fell. The Decline Of Zheng Cotton Caused The Market Panic.

Due to the sharp reduction in the reserve price of the reserve cotton auction this week, the turnover rate of cotton reserves is expected to rise. If the auction price is further lowered and the cotton turnover rate remains high, the impact of reserve cotton supply on the spot market will increase further, and spot prices will fall easily. Overall, the selection of resources on the cotton market is still more, the reserve cotton, Xinjiang spot, warehouse single cotton supply, and the downstream consumption into the weak season, the basic face of Zheng cotton is still weak, it is suggested that empty sheets continue to hold.

June 28th The Xinjiang Uygur Autonomous Region The development and Reform Commission announced that the administrative license of cotton processing qualification should be abolished and the integrity black dust list system should be implemented to strengthen the supervision of cotton quality, marking the implementation of the 16 year cotton processing qualification obituary administrative license to be abolished.

In June 29th, Xinjiang issued yellow and blue rainstorm warning. According to local cotton farmers in Xinjiang, the growth of cotton plants has been affected by hot weather the other day. The rain will alleviate the drought, but at the same time, many buds will be knocked down.

At present, some early sowing cotton fields in Xinjiang have begun to ring the bell, with a quantity of 1-2 / plants. The frequent replacement of rainfall and high temperature caused cotton farmers to worry about the output of new cotton.

1, June 7th, Holland Cooperation Bank (RaboBAnk) released the industry report "Australia's Cotton Industry Outlook - three positive signals", Australia cotton has a bumper harvest, cotton growers have positive prospects for the future, there are 3 main reasons: the weakening of the Australian dollar, the growth of Australia's high-quality cotton profit margins and the global economic recovery, which provide support for the local cotton production in the short term. The outlook for the near and medium term indicates that Australia's cotton industry will continue to grow and will attract more investment in the industry.

2, India: India Cotton Association (CAI) the latest prediction is that if the seasonal rains and winds are normal, India's cotton output will reach 6 million 375 thousand tons in 2017/18, the highest since 2014/15, which is higher than the USDA forecast of 6 million 90 thousand tons, accounting for about 1/4 of the total cotton output in the world. The cotton planting area in India increased by 10% over the same period last year, reaching 169 million mu, which is higher than the average of nearly 5 years.

On the 26-30 day of June, the weekly reserve price of 2016/17 cotton was 15137 yuan / ton (standard price), which was 223 yuan lower than last week's price. Reserve cotton auction bid price has dropped for 5 consecutive weeks, from 15885 yuan / ton in May to 15137 yuan / ton this week, a total decrease of 748 yuan / ton. The decline in the auction price was mainly due to the continuous decline of cotton prices, and the difference between domestic and foreign cotton prices gradually widened. Auction The bottom price reduction is also expected to cause the average price of cotton in the cotton reserve of the cotton reserves to decline. Xinjiang cotton is less or basically maintained because of its less listed volume.

Yesterday's round of 29 thousand and 800 tons, the actual turnover of 19 thousand and 700 tons, the turnover rate of 66.23%, the average price of 14622 yuan / ton (-100), the 3128 price of 15795 yuan / ton (-38); real estate cotton traded 9568.678 tons, the average price of 14204 yuan / ton, the average increase of 224 yuan / ton; Xinjiang cotton 10158.668 tons of the whole spanaction, the average price of 14927 yuan / ton, the average fare increase of 14927 yuan / ton. Today, the total output of cotton reserves is 29 thousand and 980 tons, of which 10 thousand and 300 tons are listed on Xinjiang cotton, and the turnover rate is 64.7% this morning.

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