Domestic Cotton Enterprises Hedged Vigorously, And Domestic And Foreign Cotton Markets Were Mixed.

Recently, pport problems have not been effectively alleviated. Railway freight cars are very few, and freight rates are still high. Xinjiang cotton plus the cost of pportation to the mainland is lower than the imported cotton and the national cotton stored before. Therefore, the textile enterprises try to digest their inventory or adopt the strategy of purchasing imported cotton and national cotton reserves, and have low acceptance of high priced Xinjiang cotton.

However, the quantity of imported cotton and national cotton reserves is decreasing gradually, and the purchasing difficulty of textile enterprises is increasing.

Upstream ginning plants focus on the futures market and begin to register large quantities of warehouse receipts when prices are appropriate. The forecast for effective warehouse receipts has increased significantly in recent years, and many companies consider setting up positions in 1705 contracts.

Recently, textile enterprises actively replenishment and Xinjiang cotton are difficult to support cotton prices, but a large number of warehouse receipts generated pressure on the disk.

It is expected that in the short term, the trend of Zheng cotton will be strong, but it is expected that the downward pressure on prices will also increase with the increase of warehouse receipts in the late stage.

We should pay close attention to the trend of funds and short-term and prudent operation.

Domestic cotton prices remain strong

According to the survey, with the Zheng cotton CF1705 contract breaking through 16200 yuan / ton, the enthusiasm of the cotton enterprises in the territory has increased again, especially in the northern part of Kuitun and Shihezi.

Although the price of the CF1701 contract is not much different from that of the CF1705 contract, it is difficult to achieve the warehouse receipts in the mainland for a month, considering that the pressure from the Xinjiang outpost and the warehouses entering the mainland are difficult to achieve.

A certain Shihezi

The price of the CF1705 contract in November 21st was 16300-16500 yuan / ton, and the pportation cost was 400-500 yuan / ton (500 yuan / ton cotton pportation subsidy), six months' financial cost 600 yuan / ton, and the comprehensive cost of the inland Treasury (including loading and unloading, warehousing, insurance, generating warehouse receipt) 120-150 yuan / ton and so on, all expenditures were about 1200 yuan / ton.

The actual yield of cotton CF1705 contract is 16300 ~ 16500-1200=15100 ~ 15300 yuan / ton, equivalent to gross weight 15500~15700 yuan / ton.

Cotton processing enterprises have a slight profit (excluding grade and quality premium).

The market price of viscose staple fiber has dropped well, and the price of the cotton yarn market has been much lower at the early stage. The market price center of gravity has risen. The price of 30S cotton yarn produced in Xiaoshan is 19500-19700 yuan / ton.

Siro spinning 40S market before the 21000 yuan / ton concentrated shipment, the new offer also increased to 21500-21700 yuan / ton, Fujian area

Inventory is generally empty, and individual super signing is achieved.

Viscose staple fiber market sentiment improved, market participants generally look steady, downstream procurement is also gradually followed up, the overall market momentum of production and marketing to maintain a good trend.

More manufacturers daily production and marketing reached 100-200%, and its own stock of viscose factory re appeared inventory decline channel, individual manufacturers order is abundant, delivery or even tight.

In the early stage, the basic price of 15000 yuan / ton lower was basically banned, the middle end quotation was 15300-15400 yuan / ton, and the high-end was 15500-15700 yuan / ton.

And many more.

Cotton enterprises in Akesu, Bachu and other places in southern Xinjiang reflect that due to the lack of vehicles in Xinjiang, the cotton and civilian cotton customers in Sichuan, Zhejiang, Henan, Shandong and other places in the middle and upper reaches of November declined or postponed.

Some mainland textile enterprises and traders, though the price quoted has increased by 200-300 yuan / ton a week ago, but generally require the sellers to be responsible for the vehicle pportation (freight to be paid by the buyer to the factory) or cash on delivery, while the intra cotton enterprises are not willing to do so.

International cotton price rises

Thanks to the continuous resonance rise of ICE and Zheng cotton, the support from the cotton manufacturers and dealers in the mainland, and the high cost of lint costs, since November 18th, the price of cotton in the territory has risen by 100-200 yuan / ton, and the "double 28, double 29" picking up cotton warehouse has been priced at 15800-16200 yuan / ton, and the price of "double 29" cotton picking has also risen to 15600-16000 yuan / ton, but due to the lack of volume support, cotton enterprises are not strong enough.

The local S-6 ginning factory in India picked up about 40250 rupees / candi (75.50 cents / pound) and Punjab J-34 rose to 4170 rupees / Moore (74.50 cents / pound), currently 12 thousand and 200 tons of lint cotton.

Most forecasters say it will take about two weeks to resume trading in the local market.

According to local media in India, India's cotton market and acquisition station are gradually resuming its opening up, and 15 thousand and 600 tons of cotton lint are listed on the local market, of which 3 thousand and 100 tons are in Gujarat.

At present, most of the 3128 cotton bales in Hebei are sold at a price of 15400-15500 yuan / ton (gross weight, self mentioning, including tax), and the sale price of 3 grade small cotton is 15000-15100 yuan / ton, which is unchanged from yesterday.

According to the ginning factory, recent sales progress is not good and inventory is rising.

During this time, the machine picked cotton and hand picked cotton from Xinjiang were welcomed by the textile enterprises.

21, "double 29" hand picked cotton Shandong Ji'nan warehouse delivery price 16300-16400 yuan / ton, machine picked cotton 3128 level 16000 yuan / ton, price fluctuation is not big.

Last Friday, Pakistan's new flower quotes continued to increase, and the pick-up price of the new flower ginning factory with a slightly better quality was between 6200-6350 rupees / mod en, an increase of 25-50 rupee / mod en than last Thursday, and a smaller number of new flowers at 4500-5500 rupees / Moore.

The domestic market has been continuously supported by ICE, Zheng cotton and the support from the mainland cotton manufacturers and operators, and the high cost of lint cotton. Since November 18th, the price of cotton in the territory has risen by 100-200 yuan / ton, and the "double 28, double 29" picking up warehouse has reached 15800-16200 yuan / ton, and the price of "double 29" cotton picking has also risen to 15600-16000 yuan / ton. However, due to the lack of volume support, cotton enterprises are not strong enough.