Cotton Enterprises In The Territory Showed A Very Strong Fall. The US Cotton Export Weekly Was Postponed.

Recently, pport problems have not been effectively alleviated. Railway freight cars are very few, and freight rates are still high. Xinjiang cotton plus the cost of pportation to the mainland is lower than the imported cotton and the national cotton stored before. Therefore, the textile enterprises actively purchase imported cotton and national cotton stores, which are low in terms of high price Xinjiang cotton, but the amount of imported cotton and national cotton stored in the market is gradually decreasing, and the procurement difficulty is increasing.

Recently, textile enterprises actively replenishment and Xinjiang cotton out of Xinjiang are difficult to support cotton price rise. It is expected that in the short term, Zheng cotton will have strong volatility.

Concerned about Xinjiang cotton Xinjiang situation, focusing on effective warehouse receipts into warehouse receipts.

ICE cotton

Overnight cotton contracts for the ICE period fell, while the December contract closed 72.8 cents / pound, down 0.9 (1.22%), while the March contract closed 72.24 cents / pound, down 0.1 (0.14%), and reduced turnover.

In November 22nd, trading before Thanksgiving continued to fade, and ICE futures continued to move ahead of the December contract delivery.

This Wednesday is the first notice day of December contract, and Thursday is Thanksgiving holiday. The price is expected to maintain a trend of callback.

Affected by holidays, this week's US cotton export weekly was postponed.

The local S-6 ginning factory in India lowered the delivery price to 39500 rupees / candi (73.85 cents / pound), 600 rupee / candi compared with 21 days, and Punjab J-34 to 4125 rupees / Moore (73.50 cents / pound).

At present, there are 17 thousand tons of cotton lint on sale locally, including 3 thousand and 400 tons in Gujarat and 6 thousand and 800 tons in Maharashtra.

Pakistan Market

Pakistan's domestic market has been stable for several consecutive days. The new flower quotes are currently maintained at reasonable intervals between the buyers and sellers. The price of the ginning factory is 6200-6350 rupees / Moore (72.00-74.00 cents / pound), but as the price has reached a high level, the textile enterprises strongly say that they will no longer accept the price increase of the cotton mill.

Most cotton ginning factories have strong willingness to sell to ensure smooth pactions.

At the same time, Pakistan textile enterprises also continue to pay attention to India cotton price reduction and other market signals.

The cotton enterprises in the territory showed a strong resistance and did not take the initiative to reduce the offer.

North Jiangsu "double 28/ double 29" machine cotton picking gross price is still 15500-15800 yuan / ton, Kuitun, Shawan and other places a few cotton ginning factory quotes 16000 yuan / ton, South Akesu, Bachu and other places, "double 28/ 29 29" hand picked cotton pickup price is still 15700-16000 yuan / ton, even if a purchase 5 batches and more, cotton enterprises to give up the space generally not more than 100 yuan / ton.

Due to the influence of weather, the quality of cotton in the Yangtze River Basin and the cotton areas along the river has been affected, and the quality indexes such as color and strength have decreased significantly.

Recently, the purchase price of seed cotton has dropped slightly.

On the 23 day, Dafeng and salt capital are three grade seed cotton, 38% lint, and water mixed not exceeding the standard. The company quoted 3.60-3.70 yuan / Jin.

But in fact, there is little cotton that meets this quality standard, and cotton below grade 4 is the mainstream variety of the current listed cotton, and the local offer price is about 3.50 yuan / Jin.

Snowfall in Xinjiang and the decline in cotton processing

On Wednesday, the price of Zheng cotton futures contract fell, and the main contract was low after the opening. After that, the price of the futures contract was lower, and the positions were reduced by 13 thousand to 462 thousand.

The CF701 settlement price is 16125 (-220), the CF705 settlement price is 16175 (-200), and the CF701 settlement price is 16320 (-150).

Zheng cotton warehouse volume 637 (+2), effective warehouse receipt volume 1161 (+23).

In November 23rd, the domestic cotton index CCIndex3128B15888 (+12), the international cotton price index CotlookA80.9 (0) cents / pounds.

Xinjiang cotton processing totaled 2 million 740 thousand tons, processing capacity decreased due to snowy days, the total public inspection volume was 2 million 401 thousand tons, as of November 21st, Xinjiang cotton storage capacity of 2 million 416 thousand tons.

At present, the purchase of seed cotton is coming to an end, the quality of seed cotton is decreasing, the price of lint is relatively strong, the price of zhengmian has risen sharply, and the quoted price of domestic enterprises has also risen slightly. The "double 28, double 29" picking up warehouse supervision library has raised the price of 15700-16200 yuan / ton (gross weight), and the "double 29" cotton picking price has risen to 15600-16000 yuan / ton (gross weight).