Cotton Prices Rise Or Fall Will Be Difficult Or Will Remain Stable.

According to feedback from local manufacturers, the quality of hand picked cotton in Xinjiang is more popular nowadays, and the number of enquiries has increased significantly.

But at present, the quality of Xinjiang cotton is limited, and the ginning factory is rather reluctant to sell.

Mainland 3128

The price is 15400-15500 yuan / ton, and the price keeps stable.

First, the market negative factor has not dissipated.

1.

Turnover rate declined, base price fell.

Last week (May 8-12), the cotton turnover rate was 66.22%, 50.55%, 61.31%, 57.20%, 61.70%, respectively, and continued low turnover rate, increasing market pessimism.

In addition, 2016/2017 cotton reserve came out for eleventh weeks (15-19 May). The reserve price of the reserve cotton rank was 15552 yuan / ton, which was 114 yuan / ton lower than last week.

2, Zheng cotton fluctuates in a narrow range.

Last week, Zheng cotton fluctuated greatly, of which the CF1705 contract fell to 15000 yuan / ton, and the CF1709 contract fell to 15500 yuan / ton, with a drop of 600 yuan / ton.

According to industry analysis, Zhengzhou cotton fell sharply last week, resulting in a low rise in the recent contract, and cotton spot price trading increased significantly, pushing cotton prices rebounded sharply in the late week. However, once Zheng cotton rose to the previous high point, the spot price paction fell, and Zheng cotton fell or fell.

Second, market positive factors remain.

1, the weather in Xinjiang is bad, and the drought in the Yellow River basin is heavier.

Recently, local weather in Xinjiang has been affected by strong winds, heavy rain, hail and so on. Many people in the market expect that Xinjiang cotton will be cut down in 2017.

In addition, the recent drought in Shandong and Hebei in the the Yellow River River Basin has also affected the development and production of cotton seedlings.

The market is not very optimistic about cotton output in 2017.

2, ICE cotton boom.

Affected by the increase in US cotton exports, the ICE cotton market rose sharply last Friday. The main 1707 contract closed at 82.18 cents / pound, up 300 points, while the 1710 contract closed at 77.08 cents / pound, up 293 points.

ICE cotton rose sharply or detonated the market and absorbed multi market entry price.

Faced with such difficulties,

It is understood that some manufacturers in the the Yellow River River Basin have two main aspects:

First, the procurement of raw materials will be intensified.

"From the current situation, the shift in cotton price focus is basically not suspense."

The head of a textile enterprise in Shandong said that, especially the Xinjiang cotton is scarce, and the enterprises must use cotton. Therefore, many enterprises intend to increase the intensity of bidding, raise the level of raw material inventory, and prevent the business risk brought by the rising raw materials.

It is understood that the 15 national cotton storage rate rose to 82.86% at once.

Second, continue to adjust the product mix and implement differential competition, so that the profit margins of cotton yarn will be larger and products will be welcomed downstream.

The head of a textile enterprise in Henan indicated that they are stepping up scientific research and innovation, striving to save costs, reduce employment and enhance the overall competitiveness of products.

For more information, please pay attention to the world clothing shoes and hats net report.