Cotton Purchase And Sale At Home And Abroad Are Generally Warm.

First, good news, domestic and foreign futures are rising.

In June 1st, Zheng cotton futures rebounded against the trend, and the main CF2009 contract closed at 11695 yuan / ton, up 1.52%. ICE cotton futures also rose to nearly two months high, the main contract in July settled at 60.06 cents / pound, rising 2.47 cents / pound. Most market participants believe that the rise of domestic and foreign cotton futures is mainly due to the signs of improvement in some parts of the world, and the rapid expansion of locusts and the dry weather in Texas, the largest cotton producing state in the United States.

Two, demand for textile enterprises is not smooth, spot trading is difficult to implement.

In June 2nd, after the opening of Zheng cotton, it continued its strong upward trend, and its early trading rapidly increased to more than 11800 yuan / ton. But compared to the past, the Zheng cotton rose, the spot market did not show a higher enthusiasm for trading. At present, Huangdao, Zhangjiagang, Tianjin port and other places imported cotton and most of Xinjiang cotton deal with futures prices. According to the feedback from some cotton processing enterprises and trading enterprises, most of the spot takes the main CF2009 contract as a reference. Now the futures price is rising and the spot price has also been raised. However, the rule of "buying up or not buying" seems to have lost its effect. Some cotton mills not only buy Cotton in time, but some enterprises are selling their yarns at a reduced price. According to a survey of some textile enterprises in Jiangsu and Zhejiang, after entering the textile off-season, the new order increment is not expected. In addition, the hot summer workshop increased electricity consumption, will consider reducing production schedules according to production needs; compared to the situation of yarn enterprises, grey fabric sales are more dismal, and some enterprises are still in a state of loss.

Three, the purchase and sale of the market declined year by year, and the pressure of enterprises was hard to drop.

A representative of the large domestic cotton trade enterprise in Shandong said that the final judgment of cotton consumption is how much it flows into the textile enterprises. At present, the shipping rhythm and overall benefit of the cotton mill, printing and dyeing mill and cloth mill are not rational. Most of the cotton is in the middle link, and the price of cotton is rising. According to the survey results of the cotton sales of nearly 100 processing and trade circulation enterprises at the end of last month, the sales of 10% of the enterprises have been sold out, 23% of the enterprises have achieved more than 80% sales progress, 23% of the enterprises have sales progress of 50-80%, and 44% of the enterprises have less than 50% sales progress. From the cotton business situation, compared with the previous year, 14% of the enterprises were basically flat, 38% of the enterprises dropped 20%, 38% of the enterprises fell by 20-50%, and 10% of the enterprises dropped by over 50%. Therefore, most enterprises are running down in quantity and there is still a big pressure on sales in the short term. Whether cotton can keep rising in late period and provide strong support for stock will be the key.