Summary Of Cotton Market Information: The Domestic Market Is Weak, And The Quotation Of Foreign Cotton Has Risen Slightly.

domestic market

The overall domestic market is weak: Spot price quotes are currently under pressure in the cotton market, lack of uplink power, high inventory of cotton, insufficient demand, prominent contradiction between supply and demand, and spot price will continue to be adjusted downward to digest high inventory. The Sino US trade consultation period will continue to postpone further, and the textile industry will still be under great pressure.

international market

Vietnam's total cotton imports increased: According to Vietnam customs, in January this year, Vietnam imported 139 thousand tons of cotton, of which 65 thousand tons came from the United States, 32 thousand tons came from India, and the rest mainly came from Brazil (19 thousand tons) and Australia (9 thousand tons). Vietnam imported 706 thousand and 100 tons of cotton this year, an increase over the same period last year, 41% of which came from the United States and 15% from Brazil.

Xinjiang Market

Xinjiang cotton processing daily increased slightly. As of February 18, 2019, the total cotton processing volume in Xinjiang was 5 million 59 thousand tons, an increase of 1.8% over the same period, of which 3 million 522 thousand tons of local cotton processing, an increase of 1.7% over the previous year, and 1 million 537 thousand tons of cotton processing capacity, an increase of 2.2% over the same period last year. The processing capacity is 3 thousand and 200 tons.

Negotiated transaction

According to the statistics of the national cotton trading market, a total of 4522 tons of consultations were conducted between February 11th and February 15th, with an average price of 15402 yuan / ton (public weight). When Zhou (February 11th -2 15), the average price of the transaction was folded by the 3128 discount price of Zhengshang, and the average price was 14940 yuan / ton, which was 122 yuan / ton higher than the average price of the previous week.

Cotton public inspection

By the 24 point in February 18, 2019, 967 cotton processing enterprises in the whole year of 2018 cotton processing cotton according to the requirements of the cotton quality inspection system reform plan, and carried out notarization inspection. The inspection volume reached 22766369 packages and 5 million 140 thousand and 250 tons. Among them:

Xinjiang: 745 processing enterprises, notarization inspection of 21524192 packages, 4 million 861 thousand and 344 tons.

Inland: 222 processing enterprises, notarization inspection of 1242177 packages, 278 thousand and 907 tons.

futures market

Zheng cotton futures will increase the volume and turn the tide. In February 19th, on Monday, ICE cotton futures closed, and Zheng cotton rose overnight. Today, the stock market rose earlier in the morning, followed by a horizontal concussion. Intra day trading volume increased and holdings increased.

Follow up

Macroscopic

Follow up

At present, the growth rate of GDP gradually slows down. From the contribution rate of the specific GDP growth in 2018, the final consumption accounts for the largest proportion, and remains stable. Investment occupies the second place, and its belt movement gradually slows down. The proportion of exports is small, but as the global economic situation improves, there is a clear upward trend.

In the context of the overall operation of the overall situation and the shift of the textile and apparel industry, we believe that the gap between production and marketing will be a thing of the past. In this year's willingness to grow cotton in Xinjiang and reduce the slip tax on cotton imports, the gap between production and marketing will continue to weaken, and the lack of strength will probably become the main theme of the cotton market next year.