Textile Enterprises Continue To Leave Before The Spring Festival, The Cotton Market Is Difficult To Lift The Storm.

According to statistics, as of January 22nd, Zheng cotton warehouse receipt 16057 sheets (+1 Zhang), effectively forecast 2240 warehouse receipts, the two total cotton discount 732 thousand tons, of which 2017/18 year's warehouse receipt volume is 102 thousand tons. It should be noted that 12496 warehouses were stored in the inland delivery warehouse, accounting for 77.82% of the total amount of the warehouse receipts, and the proportion of new warehouse warehouse receipts in the mainland delivery bank was also increasing. In the northern Xinjiang, the two warehouses of Kuitun military warehouse and Xinjiang agricultural material group, the effective forecast increased rapidly, and the high quality and high rising water machine picked up cotton into the market. In 2017/18, Xinjiang cotton's "point price" selling warehouse receipts are still coming out, which has been reduced by more than 15 thousand tons a week ago.

Entering the middle of January, domestic cotton textile enterprises, garment factories and foreign trade companies gradually entered the vacation state. Cotton and other raw materials storages were gradually stopped, and the production and sale of cotton, cotton yarn and grey fabric began to "sleep". From the survey, the main body of "basic purchase" is traders.

For the domestic cotton futures market before the middle of February, some institutions, cotton enterprises and textile mills believe that the fluctuation space is narrowing gradually. The CF1905 contract will be repeated in the 14700-15500 yuan / ton compartment. The two sides will wait for the Spring Festival before the Spring Festival, waiting for the guidance of the macro, peripheral and political aspects after the Spring Festival, and a simple speculator can rest for a while.

The Sino US trade consultation will be "twists and turns", repeated profits and losses, and test and torture the affordability of both sides. In late February, the domestic cotton regulation policy will enter a vacuum period, and the impact will weaken. At present, the import quota of cotton is relatively adequate. The 800 thousand tons of sliding tariff quotas issued in 2018 can be extended to the end of February. Under the lack of policy guidance, Zheng cotton's low position has great probability of consolidation and trial and error.