Cotton Prices Fell Slightly After The Beginning Of The Week.

Because of the large increase in seed cotton during the national day, the lint appeared upside down, and the market risk increased sharply. With the restriction and loan control in Xinjiang, Zheng cotton fell down, and lint prices also showed a downward trend. The market panic heated up and wait-and-see sentiment was strong.

At present, cotton prices are running high, and the price of downstream cotton yarn has risen slightly. According to the price monitoring of business associations, as of October 21st, the average price of single yarn of 21S high quality knitted cotton top spun yarn was 22725 yuan / ton, up 0.44% from the beginning of the week.

Due to entering the traditional peak season, the yarn and cloth production and sales rate increased. According to a manufacturer in Shandong, the orders were improved and there was no stock. According to a manufacturer in Shandong, the orders were improved, and there was no stock. However, the retail of textile and garment was still weak, and the resistance of cotton yarn increased.

Sun Kuanghua believes that at present, the price of seed cotton is 6.5-7.5 yuan / kg, and the lint price is 15500-16000 yuan / ton, which is much higher than that of India cotton and American cotton 1% tariff.

At the same time downstream

The price rise was blocked, resulting in cotton prices rising this week, and Zheng cotton fell to less than 15000 yuan / ton.

Generally speaking, the domestic cotton market is more risky and the seed cotton is at a high level, while the downstream is impeding the pmission of cotton prices. Cotton prices are expected to run steadily in the next week.

After a week's fall, Zheng cotton has been struggling for a long time. It is hard to see a big drop.

The domestic market 3128B lint price was 15235-15425 yuan / ton, the average price was 15350.71 yuan yuan / ton, 0.54% higher than the beginning of the week, and cotton price fell slightly after the beginning of the week.

In terms of futures, zhengmian 1701 contract opened slightly higher on Monday, then the shock dropped, closing at 14840 yuan / ton as of October 21st, compared with Friday's settlement of 15060 yuan / ton, down 1.46%.

ICE cotton fell this week, only in October 17th continued the upward trend last week, the rest of the paction average daily shocks, especially in October 20th, by the US high yield pressure and the dollar dragged down, intraday early hit the highest level in about a month, in December, the contract hit a high of 71.79 cents per pound in the intraday high, after closing at 69.80 cents, ICE cotton fell 1.4%.

Overall, this week

Shock weakened, ICE cotton declined significantly.

Due to the end of September 30th, the reserve cotton in the market is decreasing, and the main supply of market is gradually shifting to new cotton.

According to the national cotton market monitoring system, the survey data of 1837 households in 87 counties and cities in 14 provinces and regions showed that as of October 21st, the national cotton picking rate was 62.8%, down 2.4 percentage points compared with that of the previous year.

The picking rate was 63.8%, and the national sales rate was 73.2%, down 0.4 percentage points from the same period, of which Xinjiang's sales progress was 83.6%.

According to the estimated 4 million 916 thousand tons of cotton production in the country (the national cotton market monitoring system forecast in August 2016), as of October 21st, the total sales of seed cotton and cotton lint 2 million 259 thousand tons were reduced by 531 thousand tons compared with the same period last year, which is 1 million 5 thousand tons less than the normal years in the past four years.

The new cotton picking process is relatively slow, and the sale is relatively slow.