Cotton Market After The Festival: Zheng Cotton Shocks Adjust The Increase Of Cotton Quotes

During the holiday period, the price of the external market was affected, and the futures market fell weaker on the first day after Zheng cotton Festival. Some textile companies started production at the beginning of five, but the procurement of raw materials was only in the inquiry stage.

Market spot quotes continued to quote before the festival, and most of the spot price cotton changed with the futures market.

In February 11th, Zheng cotton CF1905 contract was sorted out and sorted out. As of February 11th, Zheng cotton warehouse receipt was 17197, an increase of 211 copies compared with the previous trading day, effectively predicting 1768 warehouse receipts and 758 thousand tons of cotton discount.

The number of warehouse receipts in the futures market is large, and there is still some pressure on the market.

At present, Zheng cotton CF1905 contract market in most cotton enterprises under the cost of lint production, cotton enterprises look forward to continue to carry out high hedging.

On the day of the Xinjiang market 2129 class (close to 29 or above), the delivery price is 15900-16000 yuan / ton (public weight, with tickets), 3128 level (lower strength 26-27), delivery offer 15400-15600 yuan / ton.

The price of the real estate cotton in the mainland is 14800-15100 yuan / ton (gross weight, self lifting and carrying tickets).

With the increase in the number of cotton exports to Hong Kong, cotton varieties and their quotations have increased, and most of them are quoted at 16700-16900 yuan / ton (net weight, carrying tickets and self mention). Other varieties are quoted at 15700-16000 yuan / ton.

After the first day of the festival, there was no turnover. The festival atmosphere was strong in the first month. After the textile enterprises resumed their work normally and after the first ten days, they were expected to sell sporadic pactions in the near future.

However, it is understood that the raw material purchase of some textile enterprises will keep the pressure on the funds occupied with buying and buying when the spot market is sorted out. With the production of textile enterprises starting, it is expected that a rotation library will be formed in early March.

According to a local enterprise procurement responsible person, at present, we are mainly concerned about the futures market, pay attention to cotton spot quotes, inquire in many ways, and make good use of resources ahead of time, so as to choose suitable opportunities for purchasing orders.