Reserve Cotton Wheels Have A Sharp Downward Price And Obvious Price Advantage.

Zheng cotton price has returned to the low level area, and there are signs of stabilization. This week, the bottom price has been lowered by 45 yuan / ton, and 30 thousand tons of cotton reserves per day plus 240 thousand tons of warehouse receipts is still an important resistance to the upward trend of Zheng cotton. There may be a small rebound in the near future, or an interval shock market.

Us disk: the difference between July and December after 3 weeks of adjustment has dropped from 868 points to 350 points this week. There should still be room for contraction.

On the spot.

After the opening of the zhengmian Festival, there was an increase in the number of paction resources. The price advantage of the reserve cotton was obvious after the price was cut down, especially the real estate cotton. The turnover rate increased significantly, and the price reduction of spot resources was lagging behind. The price was high and there were few pactions.

The quotation is still high and the turnover is scarce.

The price of the mainland warehouse is relatively stable. 3128B is more than 27, and the resources are set at a price of 16200-16500 yuan / ton, below 27. The price is generally below 15800-16200 yuan / ton, and the price of the United States cotton is 17200-17500 yuan / ton.

The reserve cotton Xinjiang cotton price is 15800-16200 yuan / ton, close to the new cotton in 2016, and the selling price of the cotton in the mainland is 14800-15500 yuan / ton, which is not much different from that of the mainland cotton in 2016.

The price of long staple cotton is relatively stable, and the selling price of the inland bank 137 is generally around 21500 yuan / ton.

In terms of rotation.

Last week was the thirteenth week, the bottom price was 15604 yuan / ton, only 3 trading days, 61861 tons, turnover rate 68.8%, the average price 15228 yuan / ton, down 130 yuan / ton, total turnover 1 million 320 thousand tons, ginseng enterprise 690, week increase 2.

This week the base price was 15559 yuan / ton, down 45 yuan / ton.

After this week's bottom price was lowered, the paction rate was low, and the real estate cotton with less price increase was advantageous, and the price advantage was obvious.

In May, China, India,

The price of polyester and staple fibers has dropped further, and cotton prices have not fluctuated. The cotton price index in China and Pakistan has increased by 1% and 0.1% respectively, while India has dropped 1.6%.

Spreads widened further, which means that the use of polyester in textile enterprises will increase.

It is understood that since October 2016, China's cotton prices have not fluctuated much, mainly because China's cotton reserves have stabilized the market price, and Chinese cotton growers have begun to expand their planting area, and the competitiveness of Chinese yarns has gradually increased.

In contrast, cotton prices in India and Pakistan are relatively high, and cotton output will rebound next year.

Cotton prices in China, India and Pakistan are expected to fall in the coming months as new cotton is on the market.

Chemical fiber, March

It began to fall, with China falling by 15%, India by 7.7%, and Pakistan by 6%.

Subsequently, the price of polyester staple fiber decreased in May, of which China fell 2.4%, India fell 2.3%, and Pakistan fell 1.6%.

With the further expansion of the price difference between cotton and polyester, especially the continuous decline of polyester prices in China, the demand for polyester in Chinese textile enterprises has been boosted, and the declining trend of China's textile market in the global market has been limited.

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