Cotton Market To Go Stock Pressure, Big Or Weak Pattern Or Continue

Recently, domestic

Market prices continued to decline slightly. The average price of the national cotton price A index (CNCotton A), representing the 2129B cotton price in the mainland, was 12962 yuan / ton, down 45 yuan / ton compared with last week, and the average price of B index (CNCotton B) of the national cotton price on behalf of the mainland grade 3128B cotton price was 12280 yuan / ton, down 76 yuan / ton.

After the Lantern Festival, it started.

In recent years, a few cotton enterprises in some cotton regions began to buy.

The three purchase price of white cotton is about 2.7 yuan / kg, which is down by 0.10-0.15 yuan / Jin before the Spring Festival.

Affected by the global stock market crash and the fall of commodity prices, and with the news of the reserve cotton coming out of the warehouse, the cotton price has fallen down. From the market purchase and sale situation of the week, the textile enterprises have made many inquiries, but the turnover has been few. Among them, the 3129 class pick-up price is about 12500 yuan / ton, and the 4129 level is 12000 yuan / ton. The sub enterprise says that the cost of the cotton has now been upside down by 400-500 yuan / ton.

When the textile enterprises started to start increasing in succession, the startup situation was better than expected, but it was restricted by the declining cotton market, and the sales of finished products of textile enterprises were difficult. Some enterprises continued to cut prices by 100-150 yuan / ton, of which the price of the combed 32S was 19500-19700 yuan / ton, and 40S was 21900-22100 yuan / ton, but the order was scarce.

Because of the strong atmosphere in the market, cotton is still likely to continue to fall, and textile enterprises are mostly waiting for raw materials to purchase.

According to statistics from the General Administration of customs, China imported 95 thousand and 600 tons of cotton in January 2016, a decrease of 92 thousand and 300 tons, a decrease of 49.20%, a decrease of 65 thousand and 600 tons, a decrease of 40.71%, and a net import of cotton yarn of 135 thousand and 700 tons, a decrease of 14.23% compared to the same period, a decrease of 25.05% over the same period last year.

In terms of futures market, Zheng cotton continued to be weak in recent days. In February 24th, all contracts fell broadly. The main contract CF1609 increased volume, and the price slowly oscillating. The lowest point was 10290 new lows, and CF1701 contract night market was below the 10000 yuan mark.

ICE futures have also fallen recently. On the 24 day, the main contract was low again, and the contract fell to 1 cents.

China's huge reserves to stockpile the pressure on global cotton prices, there are no many factors in the fundamentals, the short-term market will be dominated by consumption, weak pattern or continue.