Zheng Mian has signs of upward breakthrough, but lacks motivation for breakthrough
Abstract: It is now the time when new cotton is on the market, and Xinjiang’s spot market resources are sufficient. However, downstream textile companies have limited ability to accept new cotton, and orders for imported cotton yarn have increased significantly, which has had a negative impact on the market. However, in the short term, due to transportation problems, the amount of cotton in Xinjiang, the mainland, is not large. Textile companies are facing the need to restock, and ginners have a price-carrying mentality, so the transaction price will not be too low. Long and short factors are intertwined. In the short term, Zheng cotton is range-bound. Short-term rolling operation. Recently, Zheng Mian is facing an effective technical breakthrough
Key words:
It is now the time when new cotton is on the market, and Xinjiang’s spot market resources are sufficient. However, downstream textile companies have limited ability to accept new cotton, and orders for imported cotton yarn have increased significantly, which has had a negative impact on the market. However, in the short term, due to transportation problems, the amount of cotton in Xinjiang, the mainland, is not large. Textile companies are facing the need to restock, and ginners have a price-carrying mentality, so the transaction price will not be too low. Long and short factors are intertwined. In the short term, Zheng cotton is range-bound. Short-term rolling operation.
Recently, Zheng Mian is facing an effective breakthrough in technology. Although Zheng Mian showed signs of upward breakthrough yesterday, it currently lacks momentum for breakthrough. Continue to pay attention to the direction of breakthrough and the overall trend of commodities. . Macroeconomic factors are highly variable this week. The U.S. election and USDA’s monthly report will affect the macroeconomic outlook. In addition, the National Development and Reform Commission’s investigation of thermal coal will also have an impact on market confidence. Black The price of the black series has fallen back today. Pay attention to the systemic risks caused by the trend of the black series.
In recent days, the purchase price of seed cotton in Xinjiang has rebounded slightly overall, with cotton farmers and cotton brokers actively selling, and the reluctance to sell has decreased. November 7, 8 day, Aksu , Kashgar and other cotton areas40 clothing points, 13% moisture content of hand-picked cotton purchase price7.40-7.50yuan/kg, Kuitun, Jinghe, Shawan and other places in northern Xinjiang The purchase price of 40cotton picking machines6.50-6.60yuan/kg, compared with 10Rise in late October0.10-0.15yuan/kg.
First, the harvesting of seed cotton in most of the main cotton-producing areas in Xinjiang is coming to an end. The quantity of high-quality and high-grade flowers on the market has declined, and the proportion of light-stained cotton and light yellow-dyed cotton has increased. , the ginners seized the last opportunity to rush for the mid-term harvest, causing the price of seed cotton to “shoot up”;
Secondly, the prices of Zheng cotton futures and spot prices have rebounded in recent days, and cotton companies have a strong sense of “hedging”. In addition, cotton cotton and traders’ rivals have picked cotton spot inquiries and Picking up goods is relatively active, which gives ginners the confidence to make acquisitions;Thirdly, although the price of cottonseed has been reduced, it is still higher than10 Mid to late month0.10-0.15yuan/kg, the comprehensive cost of lint has been continuously dilution.
Commodities fell sharply on Tuesday. The Zheng cotton contract shot higher after opening and then fell back. The price fell in early trading and fell to 15100 , the price pulled back slightly in late trading. 1701The contract rose 15 to 15345,1705 The contract rose35to15210,1709the contract rose25As of15275, Zheng Cotton’s position reached47.70000 lots. The quantity of Zheng cotton warehouse receipts597pieces(-8), the effective quantity of warehouse receipts469 Zhang(+25). As ofNovember7day24 Xinjiang’s cumulative cotton processing1.99 tons, and the national cumulative public inspection volume is1.612 tons, as of >November6, Xinjiang cotton storage volume166.4 Thousands of tons.
At present, the purchase price of seed cotton is relatively stable, and the price of hand-picked cotton in southern Xinjiang remains at 40lin cents7-7.4yuan/kg, the price of machine-picked cotton in Northern Xinjiang6.1-6.7 yuan/kg, spot quotations of lint cotton continued to stabilize, and regulatory warehouses in Urumqi, Kuitun and other places “double28, double29” hand-picked cotton gross weight quotation15600-16000yuan/ tons, machine-picked cotton 15000-15500yuan/tons, the actual transaction is Negotiation space.
The price of Zheng cotton is above 15300. The ginner’s profit from using cotton with high water premium as warehouse receipt is relatively considerable, so the forecast is effective in the near future. The amount of warehouse receipts has increased, but the freight for Xinjiang cotton out of Xinjiang is currently high, and the problem of tight transportation capacity is more prominent. In October only cotton can be transported out of Xinjiang by road. 11.84million tons, significantly lower than the 28.8tons in the same period last year. In the short term, mainland textile enterprises’ procurement and warehouse receipt production will be affected.��Having a certain impact, the daily truck transportation volume will increase after entering Novembermonth, and it is expected that transportation problems will be alleviated in the later period.
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It is now the time when new cotton is on the market, and Xinjiang’s spot market resources are sufficient. However, downstream textile companies have limited ability to accept new cotton, and orders for imported cotton yarn have increased significantly, which has had a negative impact on the market. However, in the short term, due to transportation problems, the amount of cotton in Xinjiang, the mainland, is not large. Textile companies are facing the need to restock, and ginners have a price-carrying mentality, so the transaction price will not be too low. Long and short factors are intertwined. In the short term, Zheng cotton is range-bound. Short-term rolling operation.
Recently, Zheng Mian is facing an effective breakthrough in technology. Although Zheng Mian showed signs of upward breakthrough yesterday, it currently lacks momentum for breakthrough. Continue to pay attention to the direction of breakthrough and the overall trend of commodities. . Macroeconomic factors are highly variable this week. The U.S. election and USDA’s monthly report will affect the macroeconomic outlook. In addition, the National Development and Reform Commission’s investigation of thermal coal will also have an impact on market confidence. Black The price of the black series has fallen back today. Pay attention to the systemic risks caused by the trend of the black series.
In recent days, the purchase price of seed cotton in Xinjiang has rebounded slightly overall, with cotton farmers and cotton brokers actively selling, and the reluctance to sell has decreased. November 7, 8 day, Aksu , Kashgar and other cotton areas40 clothing points, 13% moisture content of hand-picked cotton purchase price7.40-7.50yuan/kg, Kuitun, Jinghe, Shawan and other places in northern Xinjiang The purchase price of 40cotton picking machines6.50-6.60yuan/kg, compared with 10Rise in late October0.10-0.15yuan/kg.
First, the harvesting of seed cotton in most of the main cotton-producing areas in Xinjiang is coming to an end. The quantity of high-quality and high-grade flowers on the market has declined, and the proportion of light-stained cotton and light yellow-dyed cotton has increased. , the ginners seized the last opportunity to rush for the mid-term harvest, causing the price of seed cotton to “shoot up”;
Secondly, the prices of Zheng cotton futures and spot prices have rebounded in recent days, and cotton companies have a strong sense of “hedging”. In addition, cotton cotton and traders’ rivals have picked cotton spot inquiries and Picking up goods is relatively active, which gives ginners the confidence to make acquisitions;Thirdly, although the price of cottonseed has been reduced, it is still higher than10 Mid to late month0.10-0.15yuan/kg, the comprehensive cost of lint has been continuously dilution.
Commodities fell sharply on Tuesday. The Zheng cotton contract shot higher after opening and then fell back. The price fell in early trading and fell to 15100 , the price pulled back slightly in late trading. 1701The contract rose 15 to 15345,1705 The contract rose35to15210,1709the contract rose25As of15275, Zheng Cotton’s position reached47.70000 lots. The quantity of Zheng cotton warehouse receipts597pieces(-8), the effective quantity of warehouse receipts469 Zhang(+25). As ofNovember7day24 Xinjiang’s cumulative cotton processing1.99 tons, and the national cumulative public inspection volume is1.612 tons, as of >November6, Xinjiang cotton storage volume166.4 Thousands of tons.
At present, the purchase price of seed cotton is relatively stable, and the price of hand-picked cotton in southern Xinjiang remains at 40lin cents7-7.4yuan/kg, the price of machine-picked cotton in Northern Xinjiang6.1-6.7 yuan/kg, spot quotations of lint cotton continued to stabilize, and regulatory warehouses in Urumqi, Kuitun and other places “double28, double29” hand-picked cotton gross weight quotation15600-16000yuan/ tons, machine-picked cotton 15000-15500yuan/tons, the actual transaction is Negotiation space.
The price of Zheng cotton is above 15300. The ginner’s profit from using cotton with high water premium as warehouse receipt is relatively considerable, so the forecast is effective in the near future. The amount of warehouse receipts has increased, but the freight for Xinjiang cotton out of Xinjiang is currently high, and the problem of tight transportation capacity is more prominent. In October only cotton can be transported out of Xinjiang by road. 11.84million tons, significantly lower than the 28.8tons in the same period last year. In the short term, it will have a certain impact on the procurement of mainland textile companies and the generation of warehouse receipts. After entering Novembermonth, daily truck transportation volume has increased, and it is expected that transportation problems will be alleviated in the later period.
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Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
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