• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    De Inventory Progress And Evolution Zheng Cotton Rise Highly Restricted

    2020/8/12 16:59:00 102

    Zheng Mian

    Recently, Zheng cotton market has a "desire" to rise, which is related to the "golden nine" consumption season and the drought weather of American cotton. However, in the overseas new crown pneumonia epidemic situation has not been effectively controlled, as well as cotton high inventory situation, zhengmian rise is highly limited. However, in the long run, due to the next year's production decline and consumption increase, Zheng cotton has the potential to rise sharply.


    De stocking progress and evolution

    Up to now, the domestic commercial inventory of cotton is around 3.2 million tons, lower than the same period last year. However, this inventory is still very large, if the futures prices rise sharply, there will be a large number of hedging.


    In terms of warehouse receipts, as of August 5, zhengmian registered warehouse receipts equivalent to 703000 tons of cotton, with a continuous decrease in weekly ratio. Registered warehouse receipts peaked at 1.5 million tons in February. At present, the registered warehouse receipts have dropped by more than half, indicating that there are end-user point purchase.


    In terms of selling and storing, the transaction is still positive. As of August 5, the total number of cotton auctions of CSC was 215000 tons, with a turnover rate of 100%. According to the plan, the cotton rotation time of the central storage company is from July 1 to September 30, and the total amount is about 500000 tons. In terms of national reserve inventory, the remaining 1.74 million tons in autumn of 2019 is less than the safety level of 3 million tons. At the end of March this year, 370000 tons of Xinjiang cotton were transported by the State Reserve Bureau. If we add 200000-300000 tons of imported cotton that has not been announced, the remaining stock of the National Treasury is 2.35 million tons. If the total stock of 1.85 million tons is sold to the end of September, the remaining stock will be sold at the end of September. It can be seen that the inventory level is on the low side and further rotation of imported cotton is not ruled out.


    Interpretation of USDA report in July


    According to the latest USDA data in July, China's new cotton production in 2019 / 2020 will be 5.94 million tons, which will remain unchanged; consumption will be reduced from 1.43 million tons to 7.18 million tons due to the epidemic situation; the gap between production and demand will be reduced to 1.24 million tons, and the final inventory will rise to 8.05 million tons (inventory / consumption ratio is 112%). It can be seen that Sino US trade friction and epidemic situation have a great impact on China's clothing export and cotton consumption.


    It is estimated that China's cotton production will be 5.77 million tons in 2020 / 2021, and the consumption will be 8.06 million tons; the gap between production and demand will be 2.28 million tons, plus the import of 1.96 million tons, the final inventory will drop to 7.7 million tons (the inventory / consumption ratio is 96%). Therefore, the price of cotton is expected to rise in the long run.


    In August, Zheng cotton market has gradually entered the traditional consumption peak season, and the price has a "desire" to rise, but it will encounter the resolute suppression of hedging plate. By the middle of September, Zheng cotton market will face two challenges: one is the delivery of the contract in September, with an estimated delivery volume of 500000 tons; the other is that the domestic cotton has entered the harvest season, and the seasonal listing pressure will continue until the end of the year. After December, the pressure of new cotton listing has been released, and at the same time, the winter purchasing and consumption peak season is coming. At that time, Zheng cotton is expected to produce a wave of spring rising market driven by the traditional stock preparation.


    • Related reading

    The Annual Equipment Shipment Is Expected To Decline By 20%. Can The Digital Printing Affected By The Epidemic Situation Realize Counter Attack?

    regional economies
    |
    2020/8/8 11:02:00
    2

    Global Textile And Garment Supply Chain Cooperation Will Continue To Deepen

    regional economies
    |
    2020/8/7 18:03:00
    0

    Recognize The Current Situation Of Textile Industry: The Sharp Knife Top Of The Super Long Holiday Loss Sale Price War Is Getting Closer And Closer To Everyone!

    regional economies
    |
    2020/8/5 16:50:00
    2

    Economic Operation Report Card Of Textile Industry In The First Half Of The Year

    regional economies
    |
    2020/8/3 14:50:00
    4

    How Can The 100 Billion Level Textile And Garment Industry Radiate New Vitality After The Introduction Of "Model Room" Admittance Standard For High Quality Development In Yangtze River Delta?

    regional economies
    |
    2020/7/30 10:07:00
    4
    Read the next article

    紗線(xiàn)和秋冬面料訂單都在增長(zhǎng)貿(mào)回暖

    海關(guān)發(fā)布的最新數(shù)據(jù)能讓外貿(mào)人拾回一些信心了。繼6月外貿(mào)進(jìn)、出口雙雙正增長(zhǎng)之后,7月我國(guó)外貿(mào)進(jìn)、出口繼

    主站蜘蛛池模板: 亚洲桃色av无码| 亚洲国产成人在线视频| 高清视频一区二区三区| 天天操视频夜夜| 久久天天躁狠狠躁夜夜躁2014| 激情综合网五月激情| 国产一区二三区| 第一福利在线观看| 天天爽夜夜爽夜夜爽精品视频| 久久午夜夜伦鲁鲁片免费无码影视| 毛片毛片毛片毛片出来毛片 | 丰满少妇被猛烈进入无码| 欧美成人xxx| 免费无码又爽又刺激网站| 青青草免费在线视频| 国产精品国产三级国快看| 一本到卡二卡三卡免费高| 日韩av无码精品一二三区| 亚洲婷婷综合色高清在线| 第九色区AV天堂| 国产gay小鲜肉| 国产对白精品刺激一区二区| 在线天堂中文官网| 一进一出抽搐呻吟| 日本欧美韩国专区| 亚洲一区二区三区在线观看网站| 狠狠色噜噜狠狠狠狠97不卡 | 亚洲免费二区三区| 特黄大片aaaaa毛片| 啊灬啊灬别停啊灬用力| 麻豆md传媒md00中国| 国产精品免费久久久久影院| a毛片久久免费观看| 成人影片麻豆国产影片免费观看 | 美团外卖猛男男同38分钟| 国产成人无码一区二区三区| 2021天天干| 在线观看日本www| а√天堂中文资源| 成年网站在线播放| 久久亚洲精品国产亚洲老地址|