There Is A Great Attraction For The Reserve Cotton Liner To Have A Reserve Price.

Zheng cotton contract rose sharply on Monday, the main contract opened slightly after the concussion, the morning plate price rose, late price rose.

At present, Zheng cotton holdings rose 101 thousand to 512 thousand hands.

In recent years, everyone is waiting for the market changes after the storage. Therefore, the situation of the yarn market is somewhat cold compared with the previous stage. It is expected that the situation will only be changed with the continuous uncertainty of the auction and storage, and the whole order of the new order will be released.

1 / March 6th 2016/17

The first section of the first round of trading is 15 thousand and 100 tons.

The highest paction price is 16340 yuan / ton (resources in 2012, the rate of increase is 1360 yuan / ton). From the morning trading situation, the maximum increase rate of single bundle is 2740 yuan / ton, and the minimum increase rate of single bundle is 520 yuan / ton.

2, industry analysis, as at the end of February, there are still about about 2000000 tons of new cotton in the regulatory database in the end of February, and the 3128/2128 class gross weight price is 15400-15600 yuan / ton. The non-standard reserve cotton price 15358 yuan / ton is not at a disadvantage at the bottom price, and the 3129/2129 class cotton picking is more favored by the domestic spinning enterprises.

Pakistan: according to the data of Pakistan cotton gin Association (PCGA), the new flower market in Pakistan in late February was 3400 tons, down 5000 tons compared with the same period in 2016.

As of March 1st 2016/17

The total volume of new flower is 1 million 659 thousand and 600 tons, up 151 thousand and 800 tons over the same period of 2015/16.

In the total volume of the listing, the purchase volume of textile enterprises increased by 1 million 534 thousand and 700 tons, up by 210 thousand tons compared with that of the previous year, and the export volume of 31 thousand and 400 tons decreased by 24 thousand and 600 tons compared with the same period last year.

The remaining 93 thousand and 500 tons of ginning plant inventory decreased by 33 thousand and 600 tons year-on-year.

In addition, only 24 cotton ginning plants are switched on.

India: on the 3 day, the delivery price of India S-6 ginning factory reported 43000 rupees / candi (82.05 cents / pound), Punjab J-34 4740 rupees / mod (86.20 cents / pound), and India listed on the current day.

30600 tons, of which 8160 are Gujarat and 11560 tons of Maharashtra.

According to India Cotton Corp (CCI) data, as of March 2nd, the total number of new flowers in India was 3 million 658 thousand and 900 tons.

Today, the first day auction of cotton reserves, a total of 30 thousand and 200 tons, is in line with expectations. This week, the standard grade reserve cotton has a bottom price of 15358 yuan / ton.

The first day of auction, the market is more concerned, because many early textile enterprises have stopped purchasing new cotton and prepared for the auction reserve cotton, and the reserve cotton wheel has a very great attraction at the bottom price. The first quarter of the cotton reserves were all sold. In addition, the quality of the listed cotton market is relatively good today, and the average price of the final cotton turnover is higher.

Judging from the current second section of the situation of cotton reserves, textile enterprises and traders still have a positive price increase. It is estimated that the average price of the first day of cotton reserves will be higher today.

Theoretically speaking, due to the reserve cotton for Chen cotton and the storage of cotton is difficult to export and the cost of invisibility is large, its final paction average price and spot price will have a certain price difference. But at present, Zheng cotton substantially adds 100 thousand positions in a day, and external capital flows into large quantities, preventing the market from being dominated by capital power.

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