The Details Of The Reserve Cotton Wheel Still Have No Influence On The Market.

Overnight ICE cotton main end of the first three consecutive rises, prices fell slightly, 1605 months contract 58.96 cents / pound, down 0.24 (0.41%), volume reduced.

On Monday, the external market generally fell, the CRB commodity index fell, the US dollar index rose, the external market drop caused the profit to suppress, the ICE cotton ended three successive rises, the recent month contract slightly lowers, the December contract slightly raised.

ICE cotton technology is still strong, and there may be a short-term pullback in the short term.

On Monday, India's domestic spot price rose, and the S-6 pickup price picked up at 33000-33500 rupees / candi, which was 64 cents / pound on the day's exchange rate, 50 points higher than Friday's price.

Local observations indicate that there is continuing demand for high grade spot, but supply is shrinking.

On Monday, the India Institute of tropical science released the forecast of the southwest monsoon this year (usually beginning in early June), which is "normal in most parts of the country and heavy rain."

The forecast is consistent with previous private projections, and the two forecast indicates that "there will be normal and uniform rainfall in the future".

In the past two years, the monsoon in India has caused insufficient rainfall, and adequate rainfall this year will undoubtedly boost agriculture.

At the end of this month, the India meteorological department will release its first forecast this year.

Zhengzhou cotton main contract price rose sharply on Tuesday, trading volume decreased and holdings increased. At present, Zheng cotton holds nearly 925 thousand hands.

Today, the main force of Zheng cotton is going higher and higher, and prices are at a high level.

1605 the contract settlement price is 10915 (+45), the 1609 contract settlement price is 10325 (+95), and the 1701 contract settlement price is 10110 (+100).

At present, the warehouse number is 449 (0), and the effective forecast volume is 406 (0).

After entering April,

The details of the round out have not yet been announced, and the market is waiting for the mood to be anxious. Moreover, the rumours of re checking the weight of the reserve cotton are also circulating, which has a certain effect on the market price trend.

In the short term

Spot market prices are showing signs of stabilization and stabilization, and spot trading has improved slightly in recent years, but cotton manufacturers and cotton traders are not afraid to slack off.

Shandong real estate grade 3128 cotton price in 10700-11000 yuan / ton, Hubei and other places cotton price shipment price in 11200-11300 yuan / ton, Xinjiang 3128B grade cotton to the mainland price in 11500-12000 yuan / ton.

Weaving enterprises still hold a wait-and-see attitude, maintain very low raw material stock, and buy with them.

The spot market is hard to pick up, and the government reserves cotton will have a strong desire to sell, and the spot supply will increase.

The demand for peak season is not prosperous. Zheng cotton has been thinking for a long time.

The short term commodity market fluctuates greatly, and the rules for the delivery of cotton reserves are delayed.

As of April 4th, the sporadic purchase price of individual seed cotton in Hebei and Shandong was 2.5-2.90 yuan / Jin, which rose slightly compared with 2.5-2.8 yuan / Jin in the middle and late 3 months, but the acquisition of seed cotton in some production areas has ended, such as Hebei Baoding, Shandong Dongying, and so on.

In the near future, with the spring flowers blooming, the cotton farmers' preparation work has been launched in a small scale, but the large area spring sowing will not start until the end of April.

However, due to the lack of understanding of cotton planting efficiency, cotton farmers have switched to other crops, and cotton planting intention continued to decline this year.

After mid March, textile enterprises in all parts of the country resumed further improvement, orders increased, and some enterprises made a profit. If the raw materials were controlled well, the profits would be acceptable.

Some enterprises in Henan reflected that in March, the enterprises were able to deliver the goods well, and the enterprises with less finished goods stocks had profits and large stocks.

Some enterprises in Shandong also indicated that the business has improved slightly recently. He said that after the announcement of normalization of the cotton reserve wheel, the price of raw materials gradually increased, and the cost of raw materials decreased. Two, the demand for the downstream was slowly recovering.