Cotton Market Weak Atmosphere Reserve Cotton Throwing Storage Higher Turnover Rate

In recent days, the atmosphere of cotton market in various places has continued to be sluggish. Cotton spinning factories have been crying incessantly. There are many stocks and funds pressure on the mills.

At present, such as Shaoxing Qian Qing market C32S mainstream paction price of 23150-23200 yuan / ton, JC32S mainstream paction price of 26000 yuan / ton, JC40S mainstream paction price of 27100 yuan / ton, C60S, JC60S volume is not good, C60S popular combing mainstream price 31000 yuan / ton.

According to the analysis of some market people, on the one hand, it is mainly

The bottom order has been declining, weaving mills and middlemen have been unable to improve their purchasing enthusiasm for cotton yarn, and their mindset has continued to decline. On the other hand, the shipment volume of cotton yarn is good in the first half of the year, and the profit margins are better.

Generally speaking, the current cotton market continues to be difficult, mainly due to the lack of support for cotton yarn, and the increasing stock and capital pressure of the mills will only result in a profit saving or even a reduction in shipments, thereby affecting the upstream cotton market.

At present, the stock of cotton mill has been increasing step by step, most of which have been maintained for 20-25 days or so.

Some specifications of pure cotton yarn, such as C60S, are still available. Spinning factory has the phenomenon of conversion. A factory in Henan is spinning C60S strong 140 for 30500 yuan / ton.

CVC yarn is generally maintained and the price is maintained. The price quoted by CVC60/4032S of a factory in Nantong is 23100 yuan / ton. The actual negotiation still looks at the order discount.

Sheng Zechun's quotation of polyester yarn is temporarily stable, 32S offers 11900 yuan / ton, 45S offers 12600 yuan / ton, and sales of some specifications are acceptable.

This month, estimated 2016/17, due to recent

The turnover rate of dumping and storage is relatively high. As of July 7, 2017, the total amount of storage dropped to 1 million 780 thousand tons, so the cotton consumption increased by 100 thousand tons to 7 million 790 thousand tons this month. The inventory at the end of the year was reduced by 100 thousand tons, and other estimates remained unchanged.

This month, 2017/18, China

The sown area was 3 million 200 thousand hectares, an increase of 3.2% over the previous year, which was unchanged from last month's forecast.

The cotton yield per unit area is estimated at 1594 kg per hectare, which is 2.5% higher than that of the previous year.

In June, the conditions of light and temperature in Xinjiang and the Yellow River were good, the rainfall was moderate, and the pests and diseases were mild. The overall cotton production conditions were suitable.

Although some areas of the Yangtze River Basin have been subjected to heavy rainfall recently, their impact on cotton production is limited.

Cotton production is projected at 5 million 100 thousand tons, an increase of 5.8% over the previous year.

Cotton imports are 1 million tons and cotton consumption is 7 million 740 thousand tons.

Cotton stocks at the end of the year were 7 million 490 thousand tons, down 170 thousand tons from the previous month.

The domestic cotton market is running smoothly in the new year, and the average price of 3128B grade cotton is forecast at 14500-16500 yuan per ton.

International cotton prices have downward pressure, but the space is limited. The average price of CotlookA index in 2017/18 is predicted to be 75-85 cents per pound.

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