Zheng Cotton Is Going Up And Down. How Will The Cotton Market Go In The Future?

The output of Xinjiang cotton and cotton in the mainland has been greatly reduced this year.

The supply is slightly tight, providing a certain support for cotton prices, but the expected cotton price and the consumption difference will suppress cotton prices. The rhythm and price of late cotton will become an important factor affecting the cotton price trend in the later stage.

On the whole, Zheng cotton's fundamentals are still empty, and far month contracts are more intense than those seen in recent months.

After the concussion trend, it is possible to build a single flight.

Overnight ICE

The contract fell, and the settlement price of the main 1603 contract was 61.43 cents / pound, down 0.57, or 0.92%, and the volume increased.

US cotton exports continued to decrease, and global stock and oil prices dropped to the market, adding pessimism to the market. ICE futures contract fell to its lowest point in nearly three months in March, and volume continued to enlarge.

China's stock market crash and devaluation of the renminbi have aggravated the market's concerns about China's economic situation.

In the future, cotton trend will remain at 60 cents / lb -66 cents / pound interval.

Overnight, Zheng cotton was rising far and wide, and the 1601 contract rose 25 to 118251605. The contract was flat at 113151609 and the contract fell 30 to 11045.

At present, the warehouse number is 781 (+31), and the effective forecast volume is 870 (-24).

January -5 contract difference of 510.

According to statistics, the annual output of Xinjiang cotton (2015.9-2015.12) Xinjiang cotton reached 1 million 640 thousand tons, and the supply of goods in the mainland market was adequate. Cotton textile mills and operators were not active in demanding goods and stockpiling goods, and textile mills were mostly used with buying, raw materials were cautious, and market sentiment increased.

Recently, according to the cotton processing enterprises in Korla, Akesu and other places in southern Xinjiang, the volume of lint on each warehouse platform has been declining.

Related information:

1, by the end of January 6th, the total amount of processed cotton in Xinjiang area was 343.7 (+0.4) million tons, of which the processing volume of local enterprises was 212.2 (+0.4) million tons, and the processing capacity of corps was 131.5 (+0.1) million tons, and cotton processing volume accumulated 4 million 65 thousand tons in the same period last year.

In the last week (2015.12.31-2016.1.6), the average daily processing cotton volume in Xinjiang area was 5 thousand tons, and the daily processing capacity of cotton in the same period last year was 1.76 tons.

As of January 6th, the lint inspection volume was 3 million 384 thousand tons nationwide. The inspection volume of local enterprises in Xinjiang was 1 million 777 thousand tons, and the inspection volume of Xinjiang Corps was 1 million 407 thousand tons.

2. In the week of December 31st, the United States signed a net contract of 2015/16 18 thousand and 800 tons of land cotton, 22.4% less than last week, and 36 thousand and 700 tons of shipment, an increase of 1.9% over the previous week. The main contracting countries are China, Pakistan and Turkey. The net signing volume is 0.6 million tons, 4 thousand tons and 3 thousand and 600 tons respectively, and the shipment volume is 700 tons during the week.

By the end of the week, the United States signed a total of 1 million 146 thousand and 400 tons of Upland Cotton in 2015/16, a decrease of 32.8% compared with that of the previous year, and a shipment of 516 thousand and 300 tons. The United States signed a total of 168 thousand and 100 tons of Upland Cotton in 2016/17, an increase of 31.9% over the same period last year.