ICE Cotton Futures Continue Downhill, Continuous Collection Of Yin

The 1605 month contract of Zheng cotton futures closed at a low price last Friday, closing down 60 yuan, closing at 11625 yuan, closing about 153 thousand hands, and holding about 337 thousand hands. On the spot, China's cotton price index 3128B cotton fell 12992 points last Friday, down 5 points. The recent replenishment of textile enterprises has made the spot market slightly better, and spot trading has increased. In terms of procurement, Xinjiang's high-grade cotton is the main factor. The mainland cotton has no advantage in terms of price and quality, and has been left in the cold.

The downstream yarn has been slack, and demand has not fundamentally improved. Pre textile enterprises have limited procurement of lint, which is not enough to support a big rebound in prices. Zheng cotton futures weakened, low adjustment, short trend continued, the trend is still downward trend.

ICE Cotton futures Last Friday, the most active December contract fell 0.29 cents, closing at 61.66 cents. The US cotton is in the harvest period, and the weather is favorable. With the progress of harvesting more than half and the acceleration of the weather, the influence of the weather factors is gradually decreasing. As a recent few factors, it will lose its hype. Market supply Gradually increase.

India, the main producer of cotton in the world China Also in the harvest period, short-term supply will peak, and the decline in China's import demand may aggravate global cotton export competition. In addition, the US dollar strength is rising, and the US dollar index is close to 100, so that commodity prices including cotton will be under pressure. The fundamentals of the market are bad. ICE cotton futures continue to go downhill and continue to overtake. The trend is weak and is expected to continue to fall after December. The contract price is close to 60 cents.

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It is reported that Xinjiang cotton market, although there are many cotton textile factories in the mainland, business opportunities, cotton enterprises inquiry, see goods, but the enthusiasm has not been high, lint spot supervision warehouse in the territory has been "full of trouble." The price of 31 grade cotton wool that can reach double 28 and double 29 is 12700-13000 yuan / ton. Although the overall market of raw cotton is not good, the market prospect of high quality hand picked cotton with low short staple rate, less impurity and good consistency is still wide.

This week, the trade situation of the yarn Market in Ji Lu Yu region was mild, the situation of oversupply was not alleviated, and the purchasing intention was limited by many factors, and the phenomenon of credit sale was widespread. The conventional combed cotton yarn trade volume is better than that of the combed variety, mainly due to the bulk volume of the old customers, and the bulk orders are not enough. Most manufacturers are pessimistic.

In the past week, the new flower market has been gradually advancing. According to the feedback from the mainland cotton producing areas such as Hebei, Cangzhou, Baoding, Hengshui, Shandong Dezhou, Binzhou, Liaocheng and other places, the cotton farmers' selling mentality has loosened. But this year, the running level of the cotton mill in Hebei and Henan provinces has nearly doubled compared with last year, mainly due to losses. At present, the three spot spot price in the region is basically 12700-12900 yuan / ton, and cotton enterprises are on the profit and loss line.

The market of polyester cotton yarn has been adjusted smoothly, the price has dropped and the price has decreased and the price has been uneven. The difference of the price of the blended yarns of the same type and the quality of the products is quite different. The price quoted by different manufacturers can have nearly a thousand yuan, the market is not good, the manufacturers are very competitive, and the cost of the small and medium-sized enterprises is low.