Xinjiang Cotton Issue Was Enlarged By Speculation, Zheng Cotton Appeared Price Limit.

Although 2016/17

The annual cotton seed purchase is coming to an end, and seed cotton prices have dropped slightly. But cotton prices are still higher than in previous years because of the high price of cotton seeds seized by about 7 of cotton in the first month of seed cotton listing.

Experts have questioned the world's latest report on cotton production forecast by 6.5% this year. The price of China's seed cotton is high, and the downstream fundamentals do not support, so high cotton prices, who is the first person?

As the price of Zheng cotton rose yesterday, there was a desire for spot prices to rise.

At present, Xinjiang cotton is relatively expensive and has a growth trend. The problem of capacity shortage is more prominent, which has become one of the topics of recent speculation.

Because Xinjiang cotton issue has been enlarged by speculation, and textile enterprises are facing the problem of replenishment, the spot price of the mainland has risen slightly.

King.

Today, Hebei local real estate new cotton 3128 class sale price quoted is 15800--16000 yuan / ton (gross weight carry the ticket price), the 4128 level quoted price is 15300-15500 yuan / ton, the Xinjiang hand picked cotton 2128/3128 level sale price 16000-16300 yuan / ton (the gross price of the gross inspection carries the ticket price), "double 29" sells the price lattice to be in 16300--16500 yuan / ton, the machine pick cotton 3128 sells the quoted price to be 15600-15800 yuan / ton, the national reserve real estate cotton market sale price 14800--15200 yuan / ton (the price which the public carries on carries the ticket price).

The above quotations increased by 300--400 yuan / ton compared with yesterday.

Zhengzhou cotton futures contract closed on Friday after the main contract was closed.

Today, Zheng cotton holdings increased by 48 thousand to 562 thousand hands.

1701 the contract rose 775 to 162701705, the contract rose 770 to 161601709, and the contract rose 775 to 16250.

Zheng cotton holdings increased by 63 thousand to 576 thousand hands.

Zheng cotton warehouse volume 599 (+9), effective warehouse receipt volume 493 (+17).

As at 24 hours in November 9th, Xinjiang cotton processed 2 million 95 thousand tons, and the total public inspection volume was 1 million 722 thousand tons.

The storage capacity is 1 million 811 thousand tons.

At present, the acquisition of seed cotton is coming to an end. The seed cotton purchase is slightly upside down. The purchase price of seed cotton has risen slightly in most cotton areas in southern Shache, Mengaiti, Bachu and Akesu. On the 10 day, the seed cotton purchase price (40% lint percentage and 13%% of water content) rose to 7.30-7.50 yuan / kg, the price of cotton picking in North Xinjiang was 6.2-6.8 yuan / kg, and the spot price of cotton lint continued to stabilize. Urumqi, Kuitun and other regulatory libraries "double 28, double 29" hand picked cotton and wool price quoted 15600-16200 yuan / ton, machine picked cotton 15500-16000 yuan / ton, turnover is still not large.

Multi headed market, and now the increase in prices, prices rise strongly, the rally is not yet over, sell the bail insurance companies cautious and prudent, especially the margin fund is not abundant, easy to be bulled, it is recommended to lower prices and build more positions.