Cotton Market Dynamics: Rising Prices And Falling Prices Narrowing The Procurement Of Textile Enterprises

Last week (April 1-5), the US cotton sales figures were good, India expected to cut production and the international cotton price shocks upward.

Lack of orders, price of substitute products, reduction of cotton consumption, suppression of huge warehouse receipts, Zheng cotton's further exploration, cotton mills' bargain buying, and spot trading increased.

The price of imported cotton is lower than that of Xinjiang cotton, and sales are better.

The import yarn has entered a large number, squeezing the domestic cotton yarn market, and the domestic yarn price has steadily declined.

Cotton price B index of 15573 yuan / ton, unchanged from the previous week, compared with Zheng cotton futures CF1905 contract, spot premium 413 yuan / ton, shrink 130 yuan / ton.

Futures.

Outside the drum encouraged, the track support, Zheng cotton rebounded slightly, in the past month contract CF1905 closed at 15160 yuan / ton on Friday, the week rose 130 yuan / ton, traded 426518 hands, reduced 414854 hands, the average daily trading volume reduction 36.6%, holds 311566 hands, reduces 47490 hands, reduces 13.2%, CF1905 near delivery, the opportunity gradually reduces, some funds shift the warehouse to wait for the opportunity in September, CF1909 has become the main contract.

By the end of April 4th, the top 20 seats in the position were more than 204944 hands, an increase of 6220 hands, 270459 hands empty, 6666 more hands, 65515 hands clearance, 446 hands increase, no change in clearance.

As of the end of April 4th, buying 2937 sets of holding positions, reducing 117 hands, selling insurance policy 53649 hands, an increase of 278 hands, trading changes are not large.

One cycle turns 2462 hands, far more than last week's 80 hands.

As of April 5th, there were 16870 registered warehouse receipts and 105 additional weeks.

The warehouse receipt effective forecast 4407, week increases 280, the forecast is still increasing, the spot sale difficulty has not improved.

There are very few 159 warehouses in the forecast.

The forecast is mainly in the mainland sales database, Jiangsu library 2103, Hubei 728, Shandong 547, Henan 605, Jiangsu still more than the total of the other three provinces, reflecting Jiangsu market consumption and warehouse service is better.

News is relatively calm, spot sales are slow, huge warehouse receipts plus rolling arbitrage mode of popularity, the recent disk may still be a small oscillation in the main range.

Us disk: sales figures were good, and Friday's breakthroughs hit a new high of March. The main contract in May closed at 78.34 cents / pound Friday, rising 74 points.

It has been rising for 7 weeks, and has accumulated a lot of profit making. On the weekly K line, it faces 40 week average and 80 integer suppression.

Continue to pay attention to the latest results of Sino US negotiations.

On the spot.

The shortage of orders in the back road and the ineffective consumption of imported yarn are still "painful points".

The popularity of the spot price marketing mode has spawned the "bargain buying" of the cotton mill.

The two factors, such as the decrease in freight rates and slow sales in the territory, have accelerated the speed of the moving of the Xinjiang cotton to the mainland.

With the increase of the mainland's resources, the quotation has been steadily lowered. The 18 year's 28 of the inland bank and the price of Xinjiang cotton with a strong 27CN/tex are priced at 16000 yuan / ton. 17 years, the "double 28" Xinjiang cotton price is 15600-16000 yuan / ton, and the new cotton 14500-15000 inland bank.

Guan Guan cotton is 16800-17500 yuan / ton, and Brazil, West Africa and India cotton are 15200-15800 yuan / ton.

The price of imported cotton is better than Xinjiang cotton, and sales are better.

In the 18 year, the long staple cotton inland bank quoted about 25000 yuan / ton, and there were few pactions.

Operation suggestion.

The outcome of Sino US negotiations is not clear, CF1905 recently 15000-15500 yuan / ton range probability of oscillation is larger, can scroll operation.

Low price cotton imports will squeeze domestic cotton prices, while the external market will rise to form support for Zheng cotton.

Pay close attention to trade wars and national policy information.