The Supply Of Cotton Market Is Relatively Adequate.

In the past two days, most of the cotton fields in Hotan, Kashi, Akesu and Korla in the southern part of the country were in good weather. The highest temperature rose to 23-25 degrees Celsius, and the lowest temperature rose to 8-9 degrees Celsius.

The farmers in Sha ya, Kuche, Bachu and other places reflected that some growers vigorously promoted the machine harvesting cotton planting (linked together). On the one hand, they were conducive to adjusting the ridge distance of the planter, speeding up the spring sowing process and promoting seed cotton harvesting; on the other hand, it was beneficial for cotton enterprises to buy and process seed cotton (easy to divide the stacks) and improve the quality and quality of the lint mill.

According to the agricultural departments and farmers in Akesu and Bachu, the growth of cotton planting area will not exceed 8% this year.

Cotton resources are abundant in the week. In the short run, cotton producers are expected to have enough cotton.

Auction ratio remained low, and spot sales remained slow.

The price of cotton yarn in the lower reaches showed a steady and weak trend. According to the price monitoring of the business group, the average price of the 21S cotton yarn with high quality knitted yarn was 23837.50 yuan / ton, as compared with the beginning of the week, which was 0.21% lower than that in early April 7th.

Recently, the textile enterprises started and the production situation continued to improve. The turnover period of raw material inventory basically remained at 1-2 months, and even the turnover period of individual enterprises reached 3 months.

But part of the textile enterprises reflect slower delivery, and in order to return the funds and increase sales, some of them choose to sell at reduced prices.

At present, the domestic cotton market supply is relatively sufficient, the reserve cotton pulley is orderly, Zheng cotton drop shock, while the ICE period cotton fall potential, the market atmosphere is not scattered, cause

Price is stable and weak.

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Cotton yarn is relatively stable, with the lower lint, some companies shipped slower, lower prices, support for domestic cotton prices are inadequate.

Overall, the supply of short-term cotton market is relatively abundant, Zheng cotton shock, ICE cotton fell sharply, the market is mainly bad. It is expected that the cotton futures market will remain stable in the next week.

On the 10-14 day of April, the weekly reserve price of 2016/17 cotton was 15381 yuan / ton (standard price), which was 60 yuan / ton lower than last week's price.

In the previous trading day, the reserve cotton wheel sold 29893 tons of resources, and the actual turnover was 24265 tons, with a turnover rate of 81.17%. The average price was 14663 yuan / ton (compared with the previous day's price fell 37 yuan / ton), and the price of 3128 yuan was 15911 yuan / ton (compared with the previous day's price fell 44 yuan / ton).

Today, the amount of cotton reserves listed is 29 thousand and 900 tons, of which Xinjiang cotton is 18595 tons. Today Xinjiang cotton has a large market share, and the turnover rate is 69.8% in the morning.

In recent days, Xinjiang cotton has been listed at a high level, and the turnover rate of real estate cotton has also been relatively high. The overall turnover rate has remained between 70-90%. It has paid close attention to the paction situation in recent days. If the turnover rate continues to maintain a high level, it will support the price of Zheng cotton.

However, at present, the turnover rate of Xinjiang cotton is 100%, but the turnover rate of real estate cotton is still in the middle position.

Late trend still needs to pay attention to the situation of cotton reserves.

At present, spinning enterprises can still choose more resources. New cotton, national cotton reserves and warehouse receipt cotton can be selected. Textile enterprises are not eager to hoard goods, most of them are bought and sold according to their needs.

Today, the volume of warehouse receipts continues to increase slightly, and we continue to pay close attention to this trend in the short term.

In the short term, Zheng cotton is technically strong. It is recommended to wait and see.

We should pay attention to the overall trend of commodities and pay attention to systemic risks.

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