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Zheng Cotton Rose Substantially To The General Market.

2016/10/29 19:30:00 31

Zheng MianCottonMarket Quotation

Xinjiang new cotton side, new cotton processing capacity and inspection progress accelerated, new cotton processing capacity of about 5-6 tons, new flowers began to bulk up, market cotton resources increased, machine picked cotton price lower than hand picked cotton price.

Although there are lots of cotton for sale in the ginning factory, there is still a market mentality.

Cotton stocks in downstream textile enterprises are also gradually consumed, and there will be demand for replenishment in the near future. However, there is still a wait-and-see mentality for the current price, and the two sides are still playing games.

today

Zheng cotton

Although the surge in the price of large warehouse increases, the influx of capital into agricultural products has a great impact on market psychology, and the export of US cotton is expected to remain good this evening.

Cotton prices rose overnight after the ICE period, and 69.29 points / pound in December, up 0.79 (1.15%), and the total turnover increased.

In October 26th, the market expects us cotton exports to decrease from last week. But export volume is still higher than the weekly average level, and the contract progress is relatively fast. Among them, the volume of China's contract has increased sharply, and ICE futures have rebounded sharply under speculative buying, and the overall price of the contract has increased.

An adequate supply of US cotton and an increase in Chinese imports are beneficial to the export of US cotton, and demand provides support for cotton prices.

Akesu, Bachu, "3128, 3129" (fracture strength 28CN and above) gross price quoted 15500-15800 yuan / ton (a few cotton enterprises "double 29/ 30 30" offer 16000 yuan / ton) but due to the lack of mainland textile mills, traders inquiry and procurement, is still in the "low price" state.

A ginning factory in Kuche said that the difference between the price of the Akesu station's ginning factory and the actual paction was 100-300 yuan / ton, and the main selling intention was mainly to use the policy to support the acquisition of the loan enterprise (to provide the cotton sale contract and receive at least 10% deposit to continue lending) or to purchase the funds which are facing the exhausted cotton ginning factory.

Unginned cotton

The price has dropped sharply, expanding the purchase volume, thereby reducing the average cost of seed cotton and lint and reducing the risk of acquisition and operation.

Zheng cotton futures contract price rose sharply, the main contract opened after the concussion trend.

Price

Pull up and end up high.

Today, the popularity of agricultural products is increasing.

Zheng cotton turnover increased significantly, holdings increased nearly 80 thousand to 547 thousand hands.

1701 the contract rose 155 to 151251705, the contract rose 195 to 150101709, and the contract rose 230 to 15095.

At present, Zheng cotton warehouse list volume is 650 (-3), and effective warehouse receipt volume is 232 (+9).

At present, the purchase price of seed cotton has been slightly stable. The price of hand picked cotton 40 lint is maintained at 7-7.4 yuan / kg, the price of machine picked cotton in North Xinjiang is 6.2-6.8 yuan / kg, and the spot price of lint is slightly loose. At present, the 3128B class hand picking cotton price is still concentrated in 15400-15800 yuan / ton (gross weight settlement).

Over half of the sale of seed cotton, the money spent by the ginning plant was consumed, while the actual volume increased slightly.


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