Domestic Cotton Market Weakness Is Still Uncertain Whether The Market Can Improve.
On the 8-14 day of January 2016, the domestic cotton market price continued to fall. The decline was larger than that in the previous weeks. The average price of the national cotton price A index (CNCotton A), representing the 2129B cotton price in the mainland, was 13404 yuan / ton, down 126 yuan / ton; the average price of the national cotton price B index (CNCotton B) representing the mainland's 3128B grade cotton price was 12841 yuan / ton, down 76 yuan / ton.
In recent years, Zheng cotton oscillation operation, the September contract fell sharply after a sharp decline in recent days, the current market focus is focused on the storage cotton rotation time.
A comprehensive analysis shows that there is a gap in supply and demand of cotton this year. However, the de stocking of large quantities of cotton reserves and fierce competition in Southeast Asia will suppress cotton price trend for a long time. It is estimated that Zheng cotton futures will run weak and oscillate.
The domestic cotton market is still weak, and the market is still deserted.
Cotton price
Weak and downward, in order to achieve inventory before the festival as soon as possible, some cotton processing factories and cotton traders have cut down cotton prices. Nevertheless, the textile enterprises are constrained by the financial constraints of the company, and the purchase intention is not strong. Only a few textile enterprises replenish stock and purchase a small quantity.
Because cotton prices have been falling this year, cotton planting has been growing in recent years.
Labor cost
This has continued to increase, so cotton farmers have little left to remove all costs.
When Zhou, the main
Yarn price
Continue to decline slightly, the textile industry as a whole has not changed, the conventional yarn production basically maintained last month level, but the high count yarn did not receive new orders in 2016, so some manufacturers have shut down some conventional yarn and high count yarn production, spinning and weaving enterprises to ease the pressure on the capital have been vigorously to inventory, and the current market downturn, the downstream fabric manufacturers are also lack of funds, resulting in spinning enterprises before the end of the stock pressure.
According to the latest survey of China cotton net, half of the enterprises in the vicinity are ready to take a vacation in early February, and some enterprises are also preparing to extend their holidays.
Import yarn, the recent downturn in the external yarn market, some in the actual paction process has cut prices, sales have increased.
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