Cotton Prices Continue To "Easy To Rise Or Fall" Trend Of Hedging Deliveries Enthusiasm Decline

The sale price of cottonseed has continued to rise slightly in recent years, and the enthusiasm of purchasing oil factory and short pile factory is increasing.

Because of the difficulties in the pportation of Xinjiang cotton, the demand for replenishment of textile enterprises in the mainland has become increasingly evident.

The downstream cotton yarn market is affected by the raw material market. The price is rising. The price of 21S high knitting pure cotton yarn is 21600-24000 yuan / ton, up 1.33% from the beginning of the month.

With the depletion of domestic cotton reserves, domestic cotton prices continue to rise, while foreign cotton prices are rising relatively low, and the competitiveness of domestic yarns has declined sharply.

At present, the spinning and weaving enterprises are still facing the predicament of insufficient downstream demand, lack of start-up, production and marketing is light, inventory pressure is greater, and business situation is grim.

It is understood that the sale price of cottonseed in the territory continued to rise slightly in recent days.

Factory purchasing enthusiasm is high, "buy up or not buy" mentality is outstanding.

On the 22-23 th of November, the factory price of cottonseed rose to 2.65-2.68 yuan / kg (2.67 yuan per kilogram) in Kuitun, Shawan, Shihezi and other places. It was not difficult to deal with 2.67 yuan / kg, while in Hami, Turpan and other places, the price of cotton seed with less impurity and maturity was 2.77-2.80 yuan / kg.

A ginning factory in Shihezi indicated that there were three reasons for the rising price of cottonseed prices: first, the rise in the price of oil and meal in the futures market and the continuation of the cotton by-products; the two is the high price of cotton pulp and viscose staple, and the two and three short pile were snapped up; the three is that the oil refinery and traders in the inner city actively enter the country to seize the seeds and promote the sales expectation of the cotton mill.

The price of cottonseed rose by 0.20 yuan / kg compared with the first half of October, and the cost of cotton lint fell continuously.

Although Zheng cotton disk oscillation callback of 200-300 yuan / ton, but the spot cotton quotes and paction price performance is very stable, cotton enterprises have strong willingness to resist falling, the psychological difference between buyers and sellers is still 300-400 yuan / ton.

On the one hand, it is urgent to replenishment of cotton enterprises in the mainland where raw material stocks are bottomed up, and the ability to absorb and digest cotton prices is rising. On the other hand, the bottleneck of Xinjiang cotton pportation is still hard to break in half a month.

Supply shortage situation needs time to change, cotton prices continue to "easy to rise or fall" trend.

Akesu, Bachu and other regulatory libraries "double 28" hand picked cotton wool price quoted 15600-16000 yuan / ton, some manufacturers "double 29" lint price 16000-16200 yuan / ton, but the high quality lint turnover is still very inactive, and with the CF1705 contract callback to 16200 yuan / ton, cotton enterprises hedging cut enthusiasm decline.

At present, the market is difficult to understand the capacity of Xinjiang's cotton. At the same time, textile enterprises have demand for replenishment, resulting in a slight increase in spot prices.

But cotton yarn International

Constantly declining, and downstream cotton market situation is not optimistic.

Overall, short term domestic cotton market supply and demand is tight, and short term cotton futures market price is expected to be strong.

Upstream ginning plants focus on the futures market and start a large number of warehouse positions when the price is right. The recent effective warehouse receipts forecast is increasing. Now many enterprises consider setting up positions in the 1705 contract. At that time, pportation will no longer be a problem, and freight rates will also drop sharply.

Recently, textile enterprises actively replenishment and Xinjiang cotton out of Xinjiang are difficult to support cotton price rise. It is expected that in the short term, Zheng cotton will have strong volatility.

Concerned about Xinjiang cotton Xinjiang situation, focusing on effective warehouse receipts into warehouse receipts.