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Market Observation: The Overall Performance Of International Cotton Price Is Strong, And The Center Of Gravity Of Zheng Cotton Is Higher

2022/1/10 17:05:00 0

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On January 7, the cotton spot index cci3128b quoted price to 22326 yuan / ton (+ 80); The price difference is - 1426 (05 contract closing price - spot price), the price of polyester staple fiber is 7150 yuan / ton (+ 0), and that of viscose staple fiber is 12600 yuan / ton (+ 0); CY index c32s quoted 28460 yuan / ton (+ 0), FCY index c32s (imported cotton yarn price index) quoted 31317 yuan / ton (+ 15); There were 14812 warehouse receipts (+ 224) and 1714 (+ 82) effective forecasts. According to the statistics of the national cotton trading market, as of January 6, 2022, the total lint processing volume in Xinjiang was 4.9395 million tons, with a year-on-year decrease of 3%.

The current international cotton price overall performance is relatively strong, last Friday ice cotton high fall, the positive line closed 115.15 cents / pound, the forward price rose 0.29 cents / pound, or 0.25% compared with the previous trading day. From the technical point of view, MACD red column shrinkage, diff and DEA quasi alloy fork, KDJ index quasi alloy fork upward divergence, the overall performance of technical indicators is strong.

Generally speaking, the overall performance of foreign cotton prices is strong in recent years. Under the concerns of quality and output decline, India's seed cotton purchase price in the new year has set a record, and the global demand for printing yarn also supports the upward trend of Indian cotton price. US cotton also continued the trend of strong prices, high prices in the last week hit nearly a month and a half high, helping Zheng cotton up.

At present, the main reason for the strong performance of Zhengzhou cotton futures price is not only driven by cotton, but also the main logic of future return. With the help of various factors, the maximum price of Zheng cotton reached 21145 yuan / ton in a week. Since Xinhua was listed on the market, zhengmian has always been in the pattern of forward and backward hanging, and the rise of cotton price has been transmitted to the yarn and grey cloth ends, showing a weakening situation. Therefore, the cotton mills and cloth factories use the low-cost raw material inventory carried forward in the previous year.

After a quarter of consumption, the low-cost resources on the market are not much, and the willingness of downstream enterprises to accept cotton in the new year may increase. However, it should be noted that under the background of Zheng cotton's continuous rise, the upper pressure will also gradually appear. Under the expectation of hedging pressure, the rising space of Zheng cotton remains to be observed. On Friday, Zheng Mian's main 05 contract surged higher, and Xiaoyang closed at 21010 yuan / T, with the futures price rising 110 yuan / ton or 0.53% compared with the previous trading day. Positions fell by 16000 to 443000.