Imported Cotton Prices Rebounded And Shipments Were Light.

The price of cotton fell and cotton rebounded, but sales slump, and cotton stocks continued to decline outside the port free trade zone.

As the reserve cotton wheel is coming out, the textile enterprise waits and waits.

Uzbekistan cotton in the early stage of storage and storage continued to be active.

In the late part of the year, when the rotation time is clear, the textile enterprises are more cautious about the inquiry and purchase of Port Bonded, spot and far shipping dates of US cotton, Australia cotton, Brazil cotton and Uzbekistan cotton.

Due to rumors that priority is given to the import of cotton, the price promotion of imported cotton has increased, and Australia and the United States have fallen below 14000 yuan / ton, and the difference between domestic and cotton prices has continued to shrink. This has increased the optional resources for the production of bleached yarn enterprises.

The price of forward imported cotton was generally lower than that of the imported cotton.

Spot, forming a counter pressure on bonded spot sales.

At the end of the month, cotton prices in India were 12400-12500 yuan / ton, Ukrainian cotton 12200-12300 yuan / ton, and American cotton 13300-13600 yuan / ton.

SM1-5/32 level 13700-14000 yuan / ton, 1-1/8 level 13500-13600 yuan / ton.

In March 31st, the price index of China's imports of cotton, representing the average price of the main port of import cotton, rose by 1.01 cents / 66.69 to 66.69 cents / pound (see Table 1).

According to the 1% tariff and sliding tax, the price of the RMB is 11147 yuan / ton and 13629 yuan / ton respectively, compared with the cotton price index 3128B cotton of China on that day.

The spreads are 531 yuan / ton and -1951 yuan / ton respectively.

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In the middle of last year, the domestic cotton spot market continued to digest the bad anticipation of the wheel storage, and the total price dropped by 400 yuan / ton.

Textile enterprises are cautious in entering the market, and the market is mainly based on rigid demand.

In the near future, the regulation and control policy of cotton market is intensive. First of all, the policy of cotton reserve rotation in March 17th was initially clear, and the time was postponed to the end of 4. In the following 18 days, the national development and Reform Commission announced that the target price of cotton in Xinjiang in 2016 was 18600 yuan / ton (down 500 yuan / ton compared with last year).

When the storage time is lower than the market expectation, the textile enterprises with low raw material inventory need to replenishment by stages, which will give the cotton enterprises a rare chance to ship, and the target price is much higher than the current spot price level. The above advantages support the spot price stabilization in the latter half of the year, and the market inquiry is more active than before, and the turnover is slightly restored.

It is expected that the increase in cotton prices will continue until early April.

With the decline of high quality resources, the prices of some Xinjiang cotton and real estate cotton increased slightly by 50-100 yuan / ton in late ten days, and the prices of some medium and low grade cotton decreased slightly.

On 29-30 March, the Akesu platform 3128C2 (2128C2) level (fracture strength 27.5-28CN) hand picked cotton inspection gross weight quoted price 11500-11700 yuan / ton, and 2128C2 grade (breaking strength 28-28.5CN) the price of lint weight 11800-12000 yuan / ton, 2128B2 level (break strength 28.5CN above) leather cotton price 12100-12200 yuan / ton.

Anhui real estate lint 3128, 4128 level offer are 11600-11800 yuan / ton, 11500 yuan / ton (delivery, with tickets, cash).

However, the Xinjiang regiment cotton is no longer very expensive, the price is lowered, and the quotation of Xinjiang cotton in the Hebei Province is second: the 2127C2 cotton (3127C2) level is 11700 yuan / ton, the third division 2128C2 level is 12250 yuan / ton (Jiashi 12100 12100 yuan / ton), the gross weight of the former is 12300 yuan / ton, the local cotton 3128C2 (breaking strength 27CN-28CN) and the 2128C2 (break strength 28CN-28.5CN) grade gross weight quotations are 11700 yuan / ton, 12000-12100 yuan / ton, respectively, which are reduced by 200-300 yuan per ton.