Reserve Cotton Listed Resources Are Not Too Optimistic About Corporate Bidding More Rational

In recent weeks, the turnover rate of reserve cotton has declined, on the one hand, business bidding is more rational, on the other hand, it is not very optimistic about the listed resources of the reserve cotton, and there is a certain reason for the gap between the spot quality and the quality of the stock.

Yesterday, the auction rate of reserve cotton auction was 62.01%, the average price was 14824 yuan / ton, the price rose 171 yuan / ton compared with the previous day, and the 3128 price was 16047 yuan / ton, of which Xinjiang cotton reached 100%.

Recently, whether it is spinning enterprises or traders, the auction of cotton reserves has become rational. Both spinning enterprises and traders are taking the shots and shooting on demand. Xinjiang cotton is still the focus of business competition, and the turnover rate of real estate cotton is relatively low.

At present, the enthusiasm of cotton reserve auction is general, indicating that the market is not lacking at present.

However, the amount of warehouse receipts is still increasing. The downstream businesses are not actively taking orders. The warehouse receipts still have pressure on zhengmian, but in view of the current spot price and the turnover of cotton reserves, it is expected that the reduction space will be limited, so it is expected that the short term weak shocks will be the main ones.

Besides, we need to pay attention to the overall trend of commodities.

1.

The spring sowing work in Akesu, Kashi and Korla has already begun.

The Corps has started spring sowing work since March 20th.

The spring sowing of local cotton is later than that of the Corps. As of now, cotton farmers have started spring sowing.

Overall, the spring sowing this year will be 3-5 days longer than in previous years. The reason is that the weather in the southern part of Xinjiang is poor this year. It often rains and fuses.

2, cotton prices continue to fall in recent years in Xinjiang.

In March 28th, the "double 28" and "double 29" hand picked cotton regulatory database was priced at 15800-15900 yuan / ton (gross weight and delivery), down 150-200 yuan / ton compared with last Friday.

As of March 28th, Akesu, Kashi and other places 3128 cotton (broken than 27-27.5CN) price of 15100-15300 yuan / ton (regulatory warehouse delivery, gross weight), 2227 class 14200 yuan / ton, all fell 100 yuan / ton yesterday.

Pakistan: Pakistan's domestic cotton market is more stable, new flowers.

The upper limit of the delivery price was slightly loosened. In March, 28 daily 6800-7100 rupees / moent, the seed cotton price was 85 rupees / kg.

India: in March 27th, the delivery price of India S-6 ginning plant was quoted at 43850 rupees / candi (85.95 cents / pound), 4790 rupees in Punjab J-34 / Moore (89.45 cents / pound), and 21 thousand tons of cotton lint on sale in India, including 5270 tons in Gujarat and 8160 tons in Maharashtra.

Speaking of the reason why Xinjiang's high quality cotton has fallen from "dark fall to bright fall", a market person said that the area of fine cotton in spring sowing of Xinjiang cotton will increase greatly this year. It is expected to increase by 10% now. Especially in 2016, the overall quality of Xinjiang cotton will continue to rise in 2017.

Two reserve cotton rotation "volume and price down".

In March 27th, the national cotton storage rate was 58.87%, the first time it fell below the 60% mark. At the same time, the paction price fell to 14653 yuan / ton, or 116 yuan / ton.

This downward trend of reserve cotton has made the whole market "big surprise".

A lot of people in the industry say that this will be stable with the reserve cotton wheel coming out.

It is also understood that the general quality of cotton in Xinjiang fell simultaneously.

As of March 28th, Akesu, Kashi and other places 3128 cotton (broken than 27-27.5CN) price of 15100-15300 yuan / ton (regulatory warehouse delivery, gross weight), 2227 class 14200 yuan / ton, all fell 100 yuan / ton yesterday.

According to some Xinjiang cotton enterprises, up to now, most cotton enterprises in Xinjiang have completed spot sales of 75-95%, and only a few enterprises have larger inventory. Recently, owing to the pressure of repayment of loans and market prices, they have a strong mentality of inventory.

There are even individual manufacturers who can offer a price of 50-100 yuan / ton on the basis of the original price as long as they pick up more than 300 tons.

Everyone's psychology of "bag for safety" has obviously increased, and the market is already "extremely nervous."

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