Textile industry enters traditional peak season, reserve cotton transaction picks up
On April 8-13, 2017, domestic cotton market prices continued to fall, among which the National Cotton Price A Index (CNCotton) representing the price of 2129B grade cotton in the mainland
A) The average price is 16332.2 yuan/ton, down 12.7 yuan/ton from last week; the average price of the National Cotton Price B Index (CNCotton B), which represents the price of mainland 3128B cotton, is 15917.1 yuan/ton, down 16.6 yuan/ton from last week.
That week, the temperature dropped significantly in some areas of the Yellow River Basin. Some cotton farmers wanted to purchase before sowing, and the prices of agricultural inputs increased compared with the same period. In some areas of the Yangtze River Basin, The weather is dominated by showers or thunderstorms, with local heavy rains, and the temperature drops to 11 degrees Celsius. The precipitation process will cause the soil to continue to be too wet, which is detrimental to the root growth of farm crops and the flowering and pollination of rapeseed. Hotan, Kashgar, Aksu, Korla and other large cities in southern Xinjiang The climate in the cotton area is good, with high temperatures rising to 23-25 degrees Celsius and low temperatures rising to 8-9 degrees Celsius. Both the Corps and local cotton sowing have reached their peak.
That week, the planned quantity of cotton reserves was 119,700 tons, and the actual transaction was 100,100 tons, with a transaction rate of 83.6%. The transaction volume rebounded sharply; judging from the transaction price, the average transaction price 14,733 yuan/ton, down 50 yuan/ton from last week. As of April 13, the cumulative planned outflow of 2016/17 cotton reserves was 854,700 tons, and the cumulative outbound transaction was 635,600 tons, with a transaction rate of 74.37%. Due to that day The quantity of cotton coming out of Xinjiang was relatively high this week, so the average daily transaction rate rebounded.
It is understood that the sales of pure cotton yarn were still smooth that week, and the sales of polyester-cotton yarn were large and the sales were stable. The sales of pure cotton cloth were stable and there was basically no inventory. The natural color of polyester and cotton The sales of thin cotton fabrics are smooth, but some varieties are still in short supply, and the market for bulk goods has become colder. Relevant textile companies have reduced prices for promotions. Affected by the overall softening of the raw material market, customers have lowered their prices to purchase. At present, most factories purchase lint by order. Due to the 2016 Xinjiang cotton The selling price is relatively high, and people are mainly bidding to reserve cotton. April and May are the peak seasons for the fabric industry, and most textile companies will seize the opportunity to stock up.
In the futures market, the market price continued to rise that week, from about 15,500 yuan/ton to 15,855 yuan/ton. However, due to the impact of market supply and demand, the increase did not last long. .According to the rotation forecast, the quantity of Xinjiang cotton rotation will decrease starting from April 14, with basic and real estate cotton accounting for half each. The market has little reaction to this, and Xinjiang cotton spot prices have not shown signs of rebound for the time being. The April monthly report of the US Department of Agriculture showed that cotton ending stocks increased slightly, cotton supply was sufficient, and ICE’s performance was weaker than domestic.
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