At Present, Xinjiang Cotton Seedlings Grow Well, Some Cotton Enterprises Consider Entering Xinjiang.

Spot market

1.

Some cotton enterprises in the southern part of the market have responded. In the 4 half of the month, 70% of the mainland's purchasing enterprises will choose to go out of Xinjiang. On the one hand, the freight pportation fee dropped sharply in 2015 (to about 800 yuan per ton in Shandong and Jiangsu), and it could go directly to the cotton mill, saving the short cost of warehouses inside and outside the country, and railway pportation had almost no advantage.

On the other hand, a large part of the cotton mill has a low inventory of cotton, which can only maintain 5-7 days of production. It is characterized by "quick delivery and urgent demand", and only 5-7 days from South Xinjiang to Jiangsu, Zhejiang, Shandong and Henan to meet the needs of spinning enterprises to replenish inventory in time, and railway pportation generally takes at least 20 days.

At present, most cotton seedlings in Xinjiang are growing well, and the weather is good for cotton seedlings in recent days. Cotton farmers are in a good mood.

2, the mainland market entered the end of May, Hebei's local seed cotton resources have been hard to find, most of them

The enterprise has stopped the purchase of seed cotton and is in a state of vacation and rest. Although the cotton business in the past year is very difficult to operate, some cotton enterprises have relatively good production efficiency. In the face of a sharp decline in the cotton planting area in the new year, some cotton enterprises began to consider entering Xinjiang. The sales of textile enterprises entered the peak season, and as the spot resources of the market decreased, the enterprises began to pay attention to the introduction and implementation of the national dumping and storage policy.

3, cotton sub market in May 22nd, the peripheral spot market remained stable.

Today, cotton by-products are missing.

The average price of cottonseed fell 0.01 yuan, to 1.04 yuan / Jin.

The current cottonseed market circulation is insufficient, the off-season is still the same, and the market turnover is scarce.

Futures market

1. Today, Zheng cotton May 22nd, ICE cotton on Thursday.

Decline, overnight cotton CF1509 contract added positions decline, today morning plate continued downward trend, the date line formed a negative line, intra day trading volume changed little, holdings increased.

Overnight, Zheng cotton CF1601 contract fell sharply, today's shock decline, the daily line formed a small Yin line, intra day trading volume enlarged, holdings increased.

2, spot listing pactions in May 21st the national cotton trading market spot trading pactions 20830 tons, an increase of 6370 tons compared with the previous trading day.

The order volume is reduced by 120 tons today, and the total order is 14150 tons.

Most of the contracts on spot trading are open today, and the average price is uneven.

Related news

1.

Data released on the 21 day show that in May, the initial value of China's Manufacturing Purchasing Managers Index (PMI) was 49.1, slightly higher than the final value of 48.9 in April, but still below the 50 demarcation line.

In May, the initial value of manufacturing output index dropped from 50 in April to 48.4, a 13 month low, the first time below 50 this year.

2, the yuan rose against the US dollar on Thursday, reaching a high point in the past month, breaking through the 6.20 barrier, and falling against the central parity price to more than a week low.

Traders said that the exchange rate stability is still a consensus among all sides. The HSBC China PMI initial value announced in May has limited impact on the RMB exchange rate, but weakened by the international dollar index in the afternoon, and the influence of the euro strengthened, the enthusiasm of foreign exchange settlement in the domestic market has increased, boosting the RMB price.

3 and 21, the US dollar index withdrew slightly during the Asian trading session, but remained firmly in the vicinity of the two week high.

The Fed minutes released by us time 20 did not give the foreign exchange market a clear direction of fluctuation. The US dollar index trend is more dependent on the content of the speech delivered by Federal Reserve Chairman Yellen on Friday.