The Trend Of "Rising And Resting" Of Cotton Is Mainly Affected By Two Factors.

Recently, domestic

A slight upward trend.

In April 11th, a ginning factory in Shandong was 3128C grade.

The ex factory price was 10500-11800 yuan / ton, up 100 yuan / ton compared with last week.

The head of the plant said that cotton was sold better in recent years, and small in some local and surrounding provinces.

Actively purchasing cotton, part of the 50-60% can be paid in advance, the balance is generally guaranteed within 30 days.

It is understood that since April, the quality cotton in the Yellow River basin and Yangtze River Valley has been more sought after.

A Hebei cotton trader said that the current 2128B class Xinjiang hand picked cotton production price has reached 12750 yuan / ton, up 200 yuan / ton compared with the beginning of April, so some market participants believe that the cotton market will usher in spring blossoms.

I believe that the recent rise in cotton is the "self promotion" of a small number of manufacturers in some parts of the country, and the market has shown a trend of "rising to rest", which is mainly affected by the following two factors.

First, futures prices will continue to weaken, which is not conducive to the spot market of lint.

In April 11th, Zheng cotton futures ushered in a sharp rebound before the reserve cotton rotation. At the end of the close, Zheng cotton's main contract CF1609 closed at 10790 yuan / ton, up 415 yuan / ton.

But when the reserve cotton is about to turn out, the market is expected to have limited space to rebound, and futures prices will continue to weaken in the future, which is not conducive to the spot market of lint.

Two, the rules for the storage of cotton wheels have not yet been released, and the market has a strong wait-and-see sentiment.

It is learnt that the relevant departments of the state are making specific measures to test the weight and quality of cotton reserves according to the situation reflected by enterprises, so as to make them more suitable for market demand.

At present, the market continues to wait for the news of reserve cotton rotation, lint spot trading is sluggish, cotton enterprises have strong desire to ship, but helplessness of sales situation is poor, procurement of textile enterprises is still cautious.

Therefore, the author thinks that the market is experiencing a slight rebound, and the reserve cotton is around the corner. It is expected that the domestic lint spot will continue to operate in a stable way in the short term.