The Price Of Zheng Cotton Is Under Pressure: The International Cotton Price Difference Spreads.

On Monday, Zheng cotton futures contract prices shook the trend, the main contract opened low after the low shock, early morning price shocks rose, late price reduction, positions reduced 11 thousand to 412 thousand hands.

The CF701 settlement price is 15660 (+5), the CF705 settlement price is 15770 (-40), and the CF701 settlement price is 16070 (-30).

Zheng cotton warehouse volume 681 (+14), effective warehouse receipt volume 1965 (+70).

In December 5th, the domestic cotton index CCIndex3128B15947 (-2), the international cotton price index CotlookA79.3 (-0.75) cents / pounds.

As at 24 hours in December 3rd, Xinjiang cotton processed 3 million 162 thousand tons, and the total public inspection volume was 2 million 877 thousand tons. As of December 4th, Xinjiang cotton reached 2 million 894 thousand and 900 tons.

The development and Reform Commission once again stressed that the start date of the sale period of the cotton reserves was the reminder sales function for the upstream ginning plants in March 6th. In recent days, the sales progress of the cotton mill was quickening, and the sales progress of most of the cotton ginning plants reached three or four.

Xinjiang cotton's current price is loose, the adjustment range is 100-150 yuan / ton, the "double 29" hand picking platform price is 15900 yuan / ton, the individual price is 16000 yuan / ton, the 3128B class price is 15600-15700 yuan / ton.

Considering the high cost of pre harvest rush this year, and the large scale of local spinning in Xinjiang this year, Xinjiang cotton can be supplied to the mainland.

The volume of production is reduced, and most of the sales of Xinjiang ginning plants are still in progress. Therefore, the sale price of Xinjiang new flower is not expected to drop too much in the late stage.

However, at present, the volume of effective warehouse receipts is increasing, and there is a certain pressure on the disk. Therefore, it is expected that the price of cotton will fluctuate in the late stage, and the rate of effective warehouse receipt will be converted into warehouse receipts.

On the 5 day, the regulatory database of "double 29" machine picking cotton in North Xinjiang quoted a price of 15500-15700 yuan / ton, and the "double 30" gross price of the cotton picking machine was quoted at 15800-16000 yuan / ton; while the "double 28B" hand picked cotton gross weight price in the Southern Xinjiang Akesu platform was 15600-15800 yuan / ton, although the quotation was relatively low, but the paction was not active, and the "spot price" contract had a significant decrease compared with the previous stage.

Xinjiang North Xinjiang seed cotton picking and acquisition work basically ended, processing progress of about 70%, sales progress faster than the same period last year, part of the small business processing and sales faster; southern Xinjiang cotton picking, acquisition progress of about 90%, processing progress of about 70%, sales progress is also faster than the same period last year.

Cotton quality and length index increased compared with previous years, but intensity index decreased in some areas, especially in southern Xinjiang.

In previous years, the ginning mills had already stopped buying, not only did they stop this year, but also the price of seed cotton was still high.

I. futures

5 days ICE cotton micro adjustment, small volume.

1612 contract settlement price 72.31 cents / pound, up 33 points; main 1703 contract settlement price 71.01 cents / pound, down 3 points; 1705 contract settlement price 71.44 cents / pound, down 9 points.

5, the main contract shock interval narrowed, the whole day in the 2 day trading range fluctuations, investors are mostly in the wait-and-see state, the lack of direction of the contract trend.

At present, the listing of new flowers in China and India has gradually increased, and the pressure of increasing cotton production has become apparent. Attention is paid by the US Department of agriculture forecast on Friday that there is a strong wait-and-see sentiment.

Two, spot

On the 5 day, the CotlookA index was 79.55 cents / pound, up 25 points.

On the 5 day, the imported cotton price index FCS reported 83.46 cents / pound, up 13 points; FCM reported 80.16 cents / pound, up 5 points; FCL reported 78.44 cents / pound, up 5 points.

On the 5 day, the psychological price gap between buyers and sellers continued to widen.

Chinese textile enterprises are eager to replenishment, starting with West African cotton.

Bangladesh also signed some West African cotton.

The export of India and Pakistan is still uncertain.

Traders believe that only if futures prices continue to go down can more demand be released.

Three. Dynamics of countries

On the 5 day, the India S-6 ginning factory picked up a price of 39400 rupees / candi (73.70 cents / pound), and Punjab J-34 stabilized 4 rupees / mod (74.15 cents / pound) for 4 consecutive days. At present, 26 thousand tons of cotton lint were listed on India daily, including 6 thousand tons in Gujarat and nearly 10 thousand tons in Maharashtra.

Since this year, cotton production in Khaki prefecture has declined sharply, leading to price increases.

For many years,

High production costs, low prices, and lack of good seeds have led farmers in khajna to produce rice, soybeans, corn and sorghum.

Dealers pointed out that last year cotton purchase price of the highest 170 thousand 23-24.5 / tonne, this year rose to 23-24.5 wan na / ton, he stressed that even if the price is high, farmers are not too interested in cotton cultivation, because they have switched to other crops.

For more information, please pay attention to the world clothing shoes and hats net report.