Imported Cotton Resources Can Not Meet The Needs Of Cotton Enterprises In Time

May 24-26, zhengmian disk contract "Sanlian Yang", the main contract CF1609 has opened 12500 yuan / ton, 12800 yuan / ton, 13000 yuan / ton three integer points, easy to break through the reserve cotton wheel since the 12885 yuan / ton high point, so the violence rebounded many institutions, cotton enterprises and cotton enterprises to drop out of sight, 12000 yuan / ton strong support position seems to be farther and farther away.

There are market participants believe that from the trend and the basic supply and demand situation, Zheng cotton main line short standing 13000 yuan / ton is a big probability event, then, triggering the current round of Zheng cotton bottoming and accelerating the rebound of what power?

The author thinks that

Slow out of warehouse led to speculation.

As of May 25th, the cumulative turnover of cotton reserves totaled 490 thousand and 200 tons, of which the total import volume of cotton was 273 thousand tons, accounting for 55.69% of the total turnover. However, due to the concentration of imported cotton in several warehouses in Hebei, Jiangsu, Shandong and other provinces, the resources were highly concentrated, 100% of the pactions and traders were competing for the goods. Warehouses, public inspection, loading and unloading, warehousing, pportation and so on had been unable to keep up. Imported cotton resources could not meet the needs of cotton enterprises in a timely manner, and textile enterprises could only compete in bidding for the new cotton purchase in the 2013 year or the cotton pition outside the port.

Lint supply is coming to an end in 2015/16.

It is understood that as late as May, the cotton remaining in the professional cotton warehouse in the territory accounted for a relatively large proportion of cotton with low grade, low quality and poor consistency in 2015/16, and cotton mills and traders generally had only a few batches, and the quality and length of the mill were uniform.

And so on, the spinning enterprises have difficulty in distributing cotton, but the quotation is high. Therefore, in the case of very limited space available for the spot, it is suitable for the production of Zhengan cotton warehouse receipt.

Less, CF1609 contracts are more risky.

The average daily output of reserve cotton has declined, which has caused worries about the supply of cotton.

In May, 24 and 25 days, the amount of output of the cotton reserves was 25 thousand and 200 tons and 20 thousand and 100 tons respectively, which was much lower than that of the previous 30 thousand tons. Some agencies thought that the slow progress of the public inspection, the serious overloading of the warehouse handling capacity and the increasing number of delivery documents due to the backlog of some warehouses would lead to even more daily output.

Although there are still about 1500000 tons of cotton to be wheeled out in quantity this year, the slow progress of public inspection and warehousing has led to market anxiety.