Textile Enterprises To Promote The Stock Market To Upgrade The Fabric Market Is Optimistic.

At the present stage, cotton does not have the basis of rising rapidly, and there is still a need for adjustment.

However, the recent textile enterprises are facing up to the stock market, and Xinjiang's pport capacity is tight. Besides India's exchange of money, Zheng cotton is strong in the short term, but it doesn't overlook the space.

Many short holders do not chase too much.

In fact, supply and demand in the cotton stage are generally relaxed.

However, in recent years, there are promoting themes, 1, textile enterprises replenishment; 2, Xinjiang shipping is tight; 3, India changing money to restrict imports; these factors will lead to short-term tightening of supply and demand.

The price of spandex market is stable. At present, the spandex market with 40D specifications is quoted at 30136 yuan / ton, the same price as last day, down 18.99% compared with the same period last year.

Spandex market demand has not been lifted, industry inventory is still high, the situation of supply exceeding demand has not improved, and spandex is expected to remain stable and weak in the short term.

Spandex market weak finishing, the industry started high, the overall 8-9 or so.

Factory inventory is ample, the average stock in the industry is about 30-35 days.

Manufacturers mainly export goods, but downstream

Lack of confidence and lack of confidence in the market.

The PTMEG market in the upstream area is temporarily stable, manufacturers offer strong, downstream demand follow up slowly, turnover is generally, and the market paction center is stable.

At present, the mainstream talks in the market are about 12000-14000 yuan / ton.

The overall operation level of the downstream circular machine market has been maintained at 4-5, and the weaving field has been well maintained at 7 per cent, and the load of the cotton bag factory has basically been maintained at 6-7.

On Monday, Zheng cotton futures contract prices rose, the main contract night market trend, early morning price rose, late trading high, a substantial increase in trading, holdings increased by 62 thousand to 468 thousand hands.

The CF701 settlement price is 16255 (+310), the CF705 settlement price is 16270 (+305), and the CF701 settlement price is 16385 (+325).

Zheng cotton warehouse volume 634 (+4), effective warehouse receipt volume 1036 (+153).

As at 24 hours in November 19th, Xinjiang cotton processed 2 million 615 thousand tons, the total volume of public inspection was 2 million 217 thousand tons, and Xinjiang cotton reached 2 million 325 thousand tons.

At present, the purchase of seed cotton is coming to an end. The quality of seed cotton is decreasing. The purchase price of cotton picking cotton in the southern Xinjiang (40% lint, 13% of the water) is 7.20-7.40 yuan / kg, and the price of machine picked cotton in North Xinjiang is 6.4-6.6 yuan / kg, and the spot price of lint is relatively strong.

In recent years, the price of Zheng cotton has risen sharply, and the quoted price of the enterprises in the territory has also been raised by 100-200 yuan / ton. The "double 28, double 29" picking up cotton warehouse has been priced at 15800-16200 yuan / ton (gross weight), and the price of "double 29" machine picked cotton has also risen to 15600-16000 yuan / ton (gross weight).

At present, the amount of imported cotton and national cotton stored on the market is gradually decreasing, 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.