Cotton Market To Go Stock Pressure, Big Price Continues To Slump State

After the Lantern Festival, the number of cotton enterprises started to increase gradually, and a few cotton enterprises in some cotton areas began to buy seed cotton. The three purchase price of white cotton was about 2.7 yuan / kg, which was down by 0.10-0.15 yuan / Jin before the Spring Festival.

The acquisition companies concentrate on increasing sales of lint.

Affected by the global stock market crash and the fall of commodity prices, and with the news of the reserve cotton coming out of the warehouse, the cotton price has fallen down. From the market purchase and sale situation of the week, the textile enterprises have made many inquiries, but the turnover has been few. Among them, the 3129 class pick-up price is about 12500 yuan / ton, and the 4129 level is 12000 yuan / ton. The sub enterprise says that the cost of the cotton has now been upside down by 400-500 yuan / ton.

Domestic cotton market prices continued to decline slightly, of which the average price of the national cotton price A index (CNCottonA) representing mainland 2129B cotton prices was 12962 yuan / ton, down 45 yuan / ton compared with last week, and the average B price index (CNCottonB) of the national cotton price on behalf of the mainland 3128B cotton price was 12280 yuan / ton, down 76 yuan / ton.

When the textile industry started to increase, the start-up situation was better than expected. It was only constrained by the declining cotton market.

The price is reduced by 100-150 yuan / ton, of which the price of 32S is 19500-19700 yuan / ton, 40S is 21900-22100 yuan / ton, but the order is scarce.

Because of the strong atmosphere in the market, cotton is still likely to continue to fall, and textile enterprises are mostly waiting for raw materials to purchase.

According to statistics from the General Administration of customs, China imported 95 thousand and 600 tons of cotton in January 2016, a decrease of 92 thousand and 300 tons, a decrease of 49.20%, a decrease of 65 thousand and 600 tons compared with that of the previous year, a decrease of 40.71%.

Net imports amounted to 135 thousand and 700 tons, down 14.23%, down 25.05% from the same period last year.

In terms of futures market, Zheng cotton continued to be weak in recent days. In February 24th, all contracts fell broadly. The main contract CF1609 increased volume, and the price slowly oscillating. The lowest point was 10290 new lows, and CF1701 contract night market was below the 10000 yuan mark.

ICE futures have also fallen recently. On the 24 day, the main contract was low again, and the contract fell to 1 cents.

China's huge reserves to stockpile the pressure on global cotton prices, there are no many factors in the fundamentals, short-term market will be dominated by consumption, weak pattern or continue.