Domestic Cotton Prices Rose Steadily In The Announcement

Domestic cotton prices rose steadily: cotton cotton price index (CC Index) monthly report (November 2019)

Project commitment: Beijing cotton outlook Information Consulting Co., Ltd.

Monitoring target: 100 cotton textile enterprises of 18 main cotton production and consumption provinces.

Eleven In March, the state decided to turn in some new cotton. Sino US trade With the positive progress of the consultations, the domestic cotton market has stabilized steadily. Within months, Cotton enterprise acquisition processing progress accelerated , Textile enterprises slightly improved, and cotton demand increased slightly. Spot Prices rose steadily 。 In the same period, International cotton The market fell slightly, but at the end of the month, the spot price of cotton was still higher than that of the domestic market.

I. Changes in spot prices at home and abroad

One Domestic spot prices are rising at the end of the month.

Eleven Month, Sino US negotiations are progressing smoothly. , The market is relatively optimistic. Demand for textile enterprises improved, supported by acquisition costs, cotton spot prices rose steadily. End of the month, China cotton price index ( CC Index3128B 13092 yuan / ton, up 121 yuan from the end of last month, and the monthly average price was 13060 yuan / ton, up 337 yuan, down 2502 yuan compared with the same period last year.

Two Long staple cotton rose slightly.

Eleven In June, the small staple cotton rose slightly, and the long staple cotton rebounded slightly. At the end of the month, the 137 level transaction price was 20900 yuan / ton, which was 100 yuan higher than the end of last month, which was higher than that of China's cotton price index (CCIndex3128B) 7808 yuan / ton in the same period. This price difference narrowed by 164 yuan compared with the end of the previous month.

Three The international cotton price shock dropped.

Eleven In September, the two sides expressed their communication on the remaining issues of the first stage agreement negotiations, but At the end of September, the US signed the Hong Kong related bill, which affected the international cotton price volatility at the end of the month. The price index of China's imported cotton FC Index M is 75.63 cents / pound, up 0.36 cents in the month. The average monthly price is 76.04 cents / pound, which is lower than the previous month's 0.96 cents / pound, and the 1% tariff discount is 13256 yuan / ton, which is higher than the domestic spot 164 yuan in the same period, narrowing 283 yuan from the end of last month.

Four The price of pure cotton yarn is basically stable.

Eleven In June, textile orders and transactions improved slightly, cotton yarn prices remained stable, and other products went down slightly. Specifically, pure cotton yarn KC32S Combing JC40S The transaction price is 21160 at the end of the month. Yuan / ton and 24380 yuan / ton, respectively, rose by 40 yuan and 20 yuan respectively from the end of last month. The polyester staple fiber at the end of the month was 6680 yuan / ton, down 270 yuan from the end of last month, and viscose staple fiber was 10100 yuan / ton, down 600 yuan from last month.

Two, factors affecting domestic and foreign price changes

One , State release Reserve cotton wheel entry notice

Eleven On 14 may, the State Grain and material reserve bureau and the Ministry of Finance issued a notice. In order to strengthen the management of central cotton reserves, further optimize the reserve structure and improve the quality of reserves, we decided to turn in some new cotton. From December 2, 2019 to March 31, 2020, the total round trip time was about 500 thousand tons, and the central reserve cotton was purchased openly through the national cotton trading market.

Two , Sino US trade negotiations continue

On the morning of November 26th, Liu He, a member of the Political Bureau of the CPC Central Committee and vice premier of the State Council and the leader of the Sino US comprehensive economic dialogue, spoke with the US trade representative, Mr. lettse, and finance minister Mnuchin. The two sides discussed the core concerns of each other and reached consensus on solving the relevant problems. They agreed to maintain communication on the remaining issues in the first stage of consultations.

Three , Futures market volatility declined, registered warehouse receipts increased significantly

Eleven Zhengzhou cotton futures market fell slightly in June, and warehouse receipts increased substantially from last month. The settlement price of the main contract CF001 at the end of the month was 12788 yuan / ton, down by 345 yuan / ton, or 2.70%, from the end of last month to 13130 yuan / ton. At the end of the month, 17219 warehouse receipts were added, which was 688 thousand and 800 tons, an increase of 292 thousand and 400 tons at the end of last month.

Four The cotton yarn market is improving, and the enterprises are going to stock up.

Eleven Monthly pure cotton yarn sales are relatively smooth, spinning enterprises worry about repeated market, speed up the sale of cotton yarn, the actual transaction price is slightly reduced, but through the recent sales, yarn inventory pressure has been significantly released, while the business start-up rate increased, the spot demand for cotton has increased.