What Are The Causes Of High Spinning Lint Resistance?

Since May 16th, Zheng cotton has cooperated with ICE for a round of roller coaster market, futures cut 1200-1300 points, and the reserve price of cotton in June dropped by 326 yuan / ton. Sharp contrast is that since late May, high quality and high-grade Xinjiang cotton quotes and paction prices have only loosened in the late May. Individual funds are tight, and the cotton enterprises in a hurry to bag for safety have 50-100 yuan / ton bargaining space. The breaking strength ratio is low, and the lint price quotation with a large horse length and short length is 300-400 yuan / ton. The price of the cotton is 50-100 yuan / ton.

1. Storage cotton wheel

The average price of the paction remained stable, and the auction of traders was fierce.

According to the statistics of China's cotton net, on March 6th -6 6, the turnover rate of Xinjiang cotton was kept above 99%, and the average price was 15200 yuan / ton.

Even if domestic and foreign market changes, reserve cotton auction auction price cut, but textile enterprises and traders' confidence is still sufficient, reserve Xinjiang cotton has been the focus of auction, bidding.

Two, the supply of Xinjiang cotton in 2016/17 has become very tight, and there is a trend of spread.

From the survey point of view, as early as June, the cotton processing enterprises in Northern Xinjiang were basically sold out of machine picked cotton, while the few high-quality hand picked cotton resources in southern Xinjiang were basically locked by traders, and the Department of ginning plants left a small quantity of low quality lint. In Henan, Shandong, Jiangsu and Zhejiang, the "double 28/ double 29/ double 30" warehouse decreased significantly, and the supply pressure increased. Some spinning enterprises had to take the initiative to reduce the purchase standard of cotton, from "double 28" to 3128/2128 and 3129/2129 (breaking strength 27cN/tex and above); since May, the number of lint road pportation has increased to 20 thousand tons, which is also due to the gap in the supply of raw materials in the mainland.

Three.

Demand for high-quality cotton continues to grow.

According to the USDA monthly report, cotton consumption in China is expected to be about 7 million 200 thousand tons in 2016/17, but despite the obvious improvement in the quality and quality of Xinjiang cotton this year, the import of cotton imports has increased significantly, but the demand and consumption of high-quality cotton are still strong.

C32S and below count cotton yarn become the leading product of most spinning enterprises. For most cotton spinning enterprises, spinning high count yarn, spinning high count combed yarn, new fiber yarn and high count blended yarn is the key to gain profit and maintain production.

Four. Imported cotton is affected.

The restraint of import quotas.

According to customs statistics, in April 2017, China imported 104 thousand and 900 tons of cotton, an increase of 35 thousand and 100 tons, an increase of 50.30%; in 2017, 1-4 months, China's total imports of cotton 478 thousand and 900 tons, an increase of 199 thousand and 400 tons, an increase of 71.36%.

Especially since the end of May, the ICE main contract has fallen below 77 cents / pound, 76 cents / pound pass, and the price of cotton, cotton, cotton and Ukrainian cotton and other bonded cotton and shipping cotton futures have declined sharply. The ON-CALL point price contract and fixed price contract have been increasing. The price difference between EMOTSM and Xinjiang cotton has increased to 1000 yuan / ton.

However, considering the total import quota of 894 thousand tons and 1% import duties in 2017, and the quota that is not used at the end of May or less than 450 thousand tons, and at least until the end of February 2018, the demand for high-grade cotton will continue to be hot.

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