The Speed Of Raw Material Purchase Slowed Down And Cotton Prices Rose After Falling This Week.

Zhengmian 1709 contract was first suppressed later this week. As of May 12th, Zheng cotton main contract 1709 closed 15780 yuan / ton, compared with last Friday's settlement price 15995 yuan / ton fell 215 yuan / ton, or 1.34%.

ICE cotton first fell and then rose. In early May 8th, weather conditions helped to sow the main cotton producing areas of the United States and the world, and improved the prospects of production. ICE 7 cotton fell to three weeks low. Traders then rushed to sell to avoid losses, and at the same time, strong export sales and bullish prospects.

As cotton supplies continue to tighten, cotton mills' demand for locking prices and strong fund buying are supported by a surge in the grain market for cotton prices. ICE cotton rose sharply, especially in May 12th.

Overall, Zhengzhou cotton was heating up this week, and ICE cotton rose sharply.

Within tenth weeks of the week, the standard sale base price was 15666 yuan / ton, up 4 yuan / ton compared with eighth weeks (15662 yuan / ton).

Zhou Yin

At the beginning of the week, it fell sharply, the output of Xinjiang cotton decreased, and the turnover rate of reserve cotton declined. However, the textile enterprises and traders favored the New Zealand cotton store.

As of May 12th,

A total of 1 million 453 thousand tons of accumulated output from the round out plan and 1 million 38 thousand and 800 tons of accumulative warehouses were sold. The turnover rate was 71.49%. The average price was 14910 yuan / ton, and the 3128 price was 16278 yuan / ton. The highest price was 16650 yuan / ton, and the lowest price was 12810 yuan / ton.

In the week, with the reduction of commodity cotton resources, the market's dependence on cotton reserves will gradually increase. Meanwhile, the supply confidence of high-grade cotton is insufficient. The quality of Xinjiang cotton resources in the market is relatively high, and the cotton futures are rapidly weakened by the weakening of commodities, and the spot prices of commodity cotton keep up.

The price of downstream cotton yarn has dropped slightly. The average price of 21S high quality knitted cotton yarn is 23637.50 yuan / ton, which is 0.53% lower than that at the beginning of the week.

In recent years, textile market sales have been weak, raw material procurement has slowed down, cotton yarn prices have remained weak, and corporate profits have decreased.

During the week, a fall in commodity prices caused a slight impact on the cotton market, resulting in lower current price of cotton, but the market was short of confidence in the supply of high-grade cotton in the market.

The demand for downstream cotton yarn market is still good, the competitiveness of domestic cotton yarn is still maintained, and the export of textile and clothing data is heating up, which has support for domestic cotton prices.

According to statistics, the total cotton business inventory in China is 1 million 872 thousand and 400 tons, a decrease of 156 thousand and 100 tons from last month.

Supply is scarce, and cotton prices are expected to be strong.

On the spot, high quality Xinjiang cotton is more popular in the market, and the price is relatively strong, especially in Xinjiang.

A few days ago, a large number of registered warehouse receipts flowed out, indicating that before the price of textile enterprises, traders on Xinjiang cotton warehouse receipts attention and enthusiasm to enhance, "turn to cash" activity increased significantly, but nearly two days due to Zheng cotton rose, warehouse receipts outflow reduced.

Nearly two days ICE cotton prices rose sharply, the main trading on Friday, still rose today, the short term is expected to ICE cotton is expected to rise is not yet over, its impact is expected to be strong cotton trend.

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