Textile companies are about to focus on replenishing their stocks. How will cotton go?
Abstract: As of now, textile companies are about to focus on replenishing their stocks. All parties have different views on the market outlook. Zheng cotton futures have fluctuated sharply, and the market direction is full of fog. At present, the purchase of new flowers is coming to an end, the cost of new cotton is basically stable, and the inventory of textile enterprises has decreased. It is expected that domestic demand for lint cotton will gradually pick up in the future. So, how will cotton fare from mid-November to December? The author’s analysis is as follows: The recent price of seed cotton has been stable with some decline, which is not conducive to the spot cotton lint. After last week’s rise, entering this
Key words:
As of now, textile companies are about to focus on replenishing their stocks. All parties have different views on the market outlook. Zheng cotton futures have fluctuated sharply. , the market trend is full of fog. At present, the purchase of new flowers is coming to an end, the cost of new cotton is basically stable, and the inventory of textile enterprises is reduced. It is expected that domestic lint cotton demand will gradually pick up in the later period. So, how will cotton go from mid-November to December? The author’s analysis is as follows : Recently, the price of seed cotton has been stable with a fall, which is not good for the spot lint cotton. After rising last week, the price rise of seed cotton in Xinjiang and the mainland has shown signs of weakness entering this week. Due to high costs, manufacturers have also increased their mentality of lowering prices to compensate for losses.
As of the 17th, the purchase of seed cotton in northern Xinjiang has basically ended, and machine-picked seed cotton is in a state of price and no market. . The purchase of hand-picked cotton in southern Xinjiang is accelerating. Among them, the price of 38% fine-staple cotton seed cotton is 7.25-7.3 yuan/kg, which is the same as yesterday. However, in some cotton areas, ginners are consciously pressured, while others are low Price transactions have surfaced. In the Yellow River Basin in the Mainland, the price of seed cotton remains in the range of 6.9-7.65 yuan/kg. There are still few purchasers, and cotton farmers have “difficulty selling cotton.” Many ginners have reported that processing costs have been upside down recently.
After last week’s increase in cotton prices, domestic lint spot prices have temporarily stagnated and stabilized this week. On the 17th, the ex-factory price of grade 3 lint cotton in mainland ginneries was 15,500-15,700 yuan/ton. The price of large bales of cotton was 300-400 yuan/ton higher than that of bales of cotton. However, the sales of small bales of cotton were still relatively smooth, and the sales of large bales of cotton were more difficult. . The “Double 29” delivery price in Xinjiang is around 16,000 yuan/ton, and long-staple cotton is at 20,500 yuan/ton. The prices remain stable. In addition, due to the fall in seed cotton prices, some ginners have newly harvested seed cotton and processed it into lint cotton. The cost is low. In order to speed up capital turnover, some low-priced lint cotton has been put on the market, which is not conducive to the overall trend of lint cotton prices.
With the increasing volume of lint on the market and the poor export of textiles and clothing, downstream textile companies are still not willing to purchase. As of November 17, the national cotton sales rate was 82.17%, of which Xinjiang’s sales progress was 93.8%; with the accumulation of seed cotton purchases in the later period, ginners have gradually resumed operations, and the supply of lint cotton has gradually increased.
According to customs data, in September, my country’s textile and apparel exports were US$22.765 billion, a year-on-year decrease of 15.4%. This is the largest single-month decline in the same period since 1998. The export situation is grim, the purchasing willingness of textile enterprises is still sluggish, the downstream consumption power is insufficient, and the demand is poor, causing the lint cotton to temporarily stagnate and stabilize.
Zheng cotton has experienced ups and downs, and is generally improving, which is good for the spot market of lint cotton. The currency is over-issued and real estate investment has been severely restricted. After the control, funds flowed into the futures market. Industrial products such as metals and black series continued to surge, and funds began to speculate on agricultural products. The price of Zheng cotton continued to rise, which was good for the spot market of lint cotton. Although Zheng cotton fell by the limit on Tuesday, Zheng cotton closed up on heavy volume, closing at 15,800 yuan/ton�The market believes that Zheng Cotton’s support level of 15,500 yuan/ton is very strong.
The supply of lint cotton is limited, and manufacturers are still willing to raise prices. In 2016, the cotton planting area in the mainland continued to shrink significantly. Cotton production continues to shrink, and because seed cotton prices are still at high levels and costs are high, ginners are not very enthusiastic about processing. Most of them are still shut down and wait and see. Manufacturers have limited supply of lint cotton and are not willing to sell at low prices. Support Lint is unlikely to fall for the time being.
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As of now, textile companies are about to focus on replenishing their stocks. All parties have different views on the market outlook. Zheng cotton futures have fluctuated sharply. , the market trend is full of fog. At present, the purchase of new flowers is coming to an end, the cost of new cotton is basically stable, and the inventory of textile enterprises is reduced. It is expected that domestic lint cotton demand will gradually pick up in the later period. So, how will cotton go from mid-November to December? The author’s analysis is as follows : Recently, the price of seed cotton has been stable with a fall, which is not good for the spot lint cotton. After rising last week, the price rise of seed cotton in Xinjiang and the mainland has shown signs of weakness entering this week. Due to high costs, manufacturers have also increased their mentality of lowering prices to compensate for losses.
As of the 17th, the purchase of seed cotton in northern Xinjiang has basically ended, and machine-picked seed cotton is in a state of price and no market. . The purchase of hand-picked cotton in southern Xinjiang is accelerating. Among them, the price of 38% fine-staple cotton seed cotton is 7.25-7.3 yuan/kg, which is the same as yesterday. However, in some cotton areas, ginners are consciously pressured, while others are low Price transactions have surfaced. In the Yellow River Basin in the Mainland, the price of seed cotton remains in the range of 6.9-7.65 yuan/kg. There are still few purchasers, and cotton farmers have “difficulty selling cotton.” Many ginners have reported that processing costs have been upside down recently.
After last week’s increase in cotton prices, domestic lint spot prices have temporarily stagnated and stabilized this week. On the 17th, the ex-factory price of grade 3 lint cotton in mainland ginneries was 15,500-15,700 yuan/ton. The price of large bales of cotton was 300-400 yuan/ton higher than that of bales of cotton. However, the sales of small bales of cotton were still relatively smooth, and the sales of large bales of cotton were more difficult. . The “Double 29” delivery price in Xinjiang is around 16,000 yuan/ton, and long-staple cotton is at 20,500 yuan/ton. The prices remain stable. In addition, due to the fall in seed cotton prices, some ginners have newly harvested seed cotton and processed it into lint cotton. The cost is low. In order to speed up capital turnover, some low-priced lint cotton has been put on the market, which is not conducive to the overall trend of lint cotton prices.
With the increasing volume of lint on the market and the poor export of textiles and clothing, downstream textile companies are still not willing to purchase. As of November 17, the national cotton sales rate was 82.17%, of which Xinjiang’s sales progress was 93.8%; with the accumulation of seed cotton purchases in the later period, ginners have gradually resumed operations, and the supply of lint cotton has gradually increased.
According to customs data, in September, my country’s textile and apparel exports were US$22.765 billion, a year-on-year decrease of 15.4%. This is the largest single-month decline in the same period since 1998. The export situation is grim, the purchasing willingness of textile enterprises is still sluggish, the downstream consumption power is insufficient, and the demand is poor, causing the lint cotton to temporarily stagnate and stabilize.
Zheng cotton has experienced ups and downs, and is generally improving, which is good for the spot market of lint cotton. The currency is over-issued and real estate investment has been severely restricted. After the control, funds flowed into the futures market. Industrial products such as metals and black series continued to surge, and funds began to speculate on agricultural products. The price of Zheng cotton continued to rise, which was good for the spot market of lint cotton. Although Zheng cotton fell by the limit on Tuesday, Zheng cotton closed up on heavy volume, closing at 15,800 yuan/ton. The market believes that Zheng Cotton’s support level of 15,500 yuan/ton is very strong.
The supply of lint cotton is limited, and manufacturers are still willing to raise prices. In 2016, the cotton planting area in the mainland continued to shrink significantly. Cotton production continues to shrink, and because seed cotton prices are still at high levels and costs are high, ginners are not very enthusiastic about processing. Most of them are still shut down and wait and see. Manufacturers have limited supply of lint cotton and are not willing to sell at low prices. Support Lint is unlikely to fall for the time being.
AAA
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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.
AAA-margin-bottom-alt:auto;
line-height:18.9pt;layout-grid-mode:both;mso-layout-grid-align:auto”> Zheng cotton has experienced ups and downs, and is generally improving, which is good for the spot market of lint cotton. The currency is over-issued and real estate investment has been severely restricted. After the control, funds flowed into the futures market. Industrial products such as metals and black series continued to surge, and funds began to speculate on agricultural products. The price of Zheng cotton continued to rise, which was good for the spot market of lint cotton. Although Zheng cotton fell by the limit on Tuesday, Zheng cotton closed up on heavy volume, closing at 15,800 yuan/ton. The market believes that Zheng Cotton’s support level of 15,500 yuan/ton is very strong.
The supply of lint cotton is limited, and manufacturers are still willing to raise prices. In 2016, the cotton planting area in the mainland continued to shrink significantly. Cotton production continues to shrink, and because seed cotton prices are still at high levels and costs are high, ginners are not very enthusiastic about processing. Most of them are still shut down and wait and see. Manufacturers have limited supply of lint cotton and are not willing to sell at low prices. Support Lint is unlikely to fall for the time being.
AAA
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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