Zheng Cotton'S Fundamentals Remain Weak, And The Pessimism Of The Market Will Grow Stronger.

As most manufacturers worry that cotton prices will continue to fall, some of the enterprises that have moved to the mainland have lowered their cotton prices.

As of 19, a warehouse in Shandong 3128 class Xinjiang hand picked cotton quotes 16400 yuan / ton, compared with yesterday dropped 100 yuan / ton.

A cotton trader introduced that at present there are more than 1700 tons of stock in stock, and the pressure to stock is bigger. We intend to cut cotton price by 50-100 yuan / ton in the near future.

In recent days, Xinjiang's cotton has fallen all over again, and the pessimistic atmosphere of the market has grown thicker. Even some individual companies have the idea of selling tears.

As of 19 days, Akesu, Xinjiang, "double 28" and "double 29".

The price of the goods is 16000-16200 yuan / ton, and the price is stable. But the actual manufacturers generally have 50-100 yuan / ton concessions, and some manufacturers extend the discount space to 200 yuan / ton.

According to the feedback from the enterprises, most cotton color grades in Xinjiang are yellow cotton and yellow cotton in recent years. The horse is C3 and B3, the breaking strength is 27CN, and the spinnability is poor.

Pakistan: current

The new flower sowing has been completed in the traditional cotton area, and the sowing stage is in the late stage.

The weather is good and the new flower is stable.

A small amount of seed cotton is listed, which is affected by the current stock pressure. Cotton prices remain high, but farmers and cotton enterprises have a strong desire to sell.

Output is expected to increase this year. The number of listed companies has increased since the beginning of July. Cotton farmers and cotton companies are worried about falling cotton prices, and their willingness to ship is strong.

India: on the 16 th, the pick-up price of S-6 cotton enterprises in India fell 500 rupee / candi compared to the previous day, to 43000 rupees / candi, 85 cents / pound, and the J-34 price in Punjab also dropped to 4620 rupees / candi, 86.93 cents / pound.

On the 15 day, India MCX cotton fell across the board, closing 3937 hands (98425 packs).

June 19-23, week 2016/17 cotton reserves

The selling price is 15360 yuan / ton (standard class price), 131 yuan lower than last week's price, and the reserve price of cotton reserve is down again this week.

Yesterday, the sale of resources in the reserve cotton mill was 29521 tons, the actual turnover was 19479 tons, and the turnover rate was 65.98%. The average price was 14921 yuan / ton (compared with the previous day's price fell 31 yuan / ton), and the price of 3128 yuan was 16098 yuan / ton (compared with the previous day's price fell 93 yuan / ton), of which Xinjiang cotton traded 13368 tons, the turnover rate was 100%, the average price was 15082 yuan / ton, and the real estate cotton reached an average of 18 tons, the paction rate was 15082, the average price was RMB yuan / ton.

Today, the total output of cotton reserves is 29 thousand and 600 tons, of which Xinjiang cotton has been reduced to 8 thousand tons, and the cotton turnover rate has reached 55% in the morning.

Last week, the number of new frontier cotton listed in the reserve cotton showed a daily decline, and the market still worried that the speed of the new frontier cotton public inspection in the reserve cotton was caused by the decrease in the listing of the new frontier cotton in the later period. The second days of this week was reduced to 8 thousand tons, and the confidence of the later market was affected.

According to the data, as of the end of May, there were still 1 million 520 thousand tons of cotton business inventory in China, plus imported cotton and twenty thousand tons of cotton reserves per day, and there were more cotton resources in the market.

Overall, the supply of cotton resources is still more, from a single volume to a higher level, and downstream consumption into the off-season, Zheng cotton fundamentals remain weak, still remain empty thinking.

It is expected that short-term shocks will remain stable, and the supporting role of 15000 is still large.

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