Drop Storage Land, Zheng Cotton Rose To Promote The Spot Market Upward

According to business agency data, the price of 3128b lint was about 16575 yuan / ton on June 6, up 2.71% from the beginning of the month and 37.19% higher than that at the beginning of the month.

5, drop storage landing, Zheng cotton continued to rise. During the period from July 5 to September 30, 600000 tons of central reserve cotton will be rolled out, and the reserve will inject new profit space for medium and low count yarn spinning enterprises. On July 5, the sales resources of reserve cotton were 9542.299 tons, and the actual turnover was 9542.299 tons, with a transaction rate of 100%. The average transaction price is 16400 yuan / ton, and the price converted into 3128 yuan / ton is 17718 yuan / ton. The average transaction price of Xinjiang cotton is 16510 yuan / ton, the price of Xinjiang cotton is 3128 yuan / ton, and the average price increase of Xinjiang cotton is 2421 yuan / ton. The average transaction price of real estate cotton is 16226 yuan / ton, the price of 3128 yuan / ton is 17396 yuan / ton, and the average increase range of real estate cotton is 1895 yuan / ton.

5 for the first day of reserve cotton put in, put in quantity and quality is not enough to pose a threat to spot sales, cotton enterprise quotation goes up with the futures, some textile enterprises seize the low position to purchase appropriately. The settlement price of Zheng Mian's main contract at the beginning of July was 15890 yuan / ton, and the settlement price on the sixth day was 16560 yuan / ton, up 670 yuan / ton.

The transaction of pure cotton yarn was improved, the cotton yarn futures rose sharply and the transaction was improved. Some businesses raised the yarn price by 200-300 yuan / ton. The downstream cotton yarn starts to maintain a high level, and the short-term policy is implemented. It is expected that the cotton price will be stronger in the short term due to the high cotton yarn startup. In the long run, due to the expected reduction of cotton production in Xinjiang and the impact of extreme weather in the United States, cotton prices are expected to continue to push up.