Cotton Is Available In Some Parts Of The Market. New Cotton Has Been Sporadically Picked.

Last week (8.13-8.17) spot prices continued to rise, trading prices were no market, relatively light.

As the new year draws near, many enterprises are overhauling machines, and new cotton is picking sporadically in other districts.

downstream

Driven by the rising price of raw materials, the price rises, but the actual price range is very small.

With the high temperature in the South and the beginning of boll opening at the bottom, Anhui, Hubei and Jiangxi have been picking up sporadic and small quantities. Xinjiang, Hami and Turpan have also begun picking sporadically.

The weekly average price of China's cotton price index (CCIndex328) was 18379 yuan / ton, up 27 yuan from the previous week, 229 yuan 19433 yuan / ton, up 7 yuan, 527 yuan 16055 yuan / ton, up 23 yuan.

Last week, the trading volume increased and the average price rose.

One, domestic spot: spot price non market new cotton sporadic picking

Last week, domestic spot prices were basically stable, but spot trading did not change much. Prices rose and there was not much downstream reception, making the market at a low price without market.

Although there are many downstream enquiries, the consumption of high cotton prices is still a problem.

In terms of production and order practice, 8-10 months later, due to the support of cotton orders in autumn and winter orders, the downstream businesses waited for the new flower to be listed.

Affected by the rise and fall of raw materials, the price of yarn has also changed this week.

Among them, some pure cotton yarn manufacturers raised the intention of raising prices to the lower reaches under the impetus of higher cost, but the actual price range was narrow. The polyester cotton yarn was stable under the background of the fluctuation of raw material cost, and the price of most products remained stable.

New cotton has been sporadically picked up in some parts of the country, and there are tentative quotes in some areas of Xinjiang. However, the acquisition companies are more cautious. The enterprises say they have to wait for the details of the purchase and storage to be announced, and they must strictly control the quality.

About 10% cotton fields were destroyed by floods in Baoding, Hebei, and almost all of them were destroyed. Over 20% of the cotton fields were wet, and the cotton plants had turned yellow. The Cotton Bolls at the bottom were black and moldy, and the bolls began to fall off. If the rain continued, Tanaka could not get out of the water, and there could be a harvest.

Hubei, Anhui and Jiangxi are picking sporadically in the Yangtze River Basin.

Two, matching pactions: the same amount of increase in warehouse prices, the market is waiting for the purchase and storage to start.

(8.13-8.17) the whole country

The market commodity cotton coordination business traded 66060 tons, an increase of 5640 tons over the previous week.

Weekly orders increased by 5900 tons, and cumulative orders increased to 147180 tons.

The following characteristics were made: the first, the total volume of pactions increased; when the weekly contracts showed a strong and weak trend in the trading, the MA1210 contract increased by 5740 tons compared with last week as the most active contract for weekly trading; the MA1211 contract only reached 4660 tons during the week, which was reduced by 4500 tons compared with last week.

Two, the order quantity increased; when the weekly order quantity was reduced by 720 tons in addition to the MA1209 contract, all the other contracts were increased by 440-2700 tons. The MA1301 contract of the far month contract was 2700 tons higher than that of last week, when Zhou Zengcang was the largest contract.

Three, the average price rise; when the average price of each week's contract increased narrowly, from the weekly average price point of view, the average price of the MA1208 contract rose by 80 yuan / ton compared with last week, the largest contract for weekly gains, and the other contract average price rose at 3-54 yuan / ton; when the highest price of the week was MA1212, the contract price of 19500 yuan / ton was higher than the highest price of last week, the 19450 yuan / ton of the MA1301 contract was up 50 yuan / ton, the lowest price was 18830 yuan / ton of the MA1208 contract, compared with the 18764 yuan / ton of the contract last week, the amount of 66 yuan / ton increased.

Four, technically, when the weekly average market system of the weekly contract market dropped slightly on Friday, the overall trend remained narrow, and the bottom region showed a stronger performance.

Three, the international market: the shock of the cotton range and India drought and CAB conference.

Last week (8.6-8.10), cotton futures in India were worried about the demand outlook, China's cotton imports increased sharply in July, the trend of external commodity market and the speculation of drought in India. The overall trend was still in the 70-75 direction.

The average contract price in recent 1210 months is 72.13 cents / pound, 269 points lower than the previous week, and the average price of the December contract is 72.56 cents / pound, or 266 points.

The India Cotton Advisory Committee (CAB) will meet in August 23rd to announce the forecast of cotton output next year. The government will not decide whether to restrict cotton exports next year before this meeting.

The parties concerned remain concerned about the CAB meeting.

The weekly CotlookA index averaged 82.79 cents per pound, down 2.52 cents from the previous week, and ICE's recent contract price averaged 72.13 cents / pound, down 2.69 cents from the previous week.

Four, market outlook

In the United States, because of the worsening drought, the affected areas have spread to the cotton producing areas in the southwest, but the United States Department of agriculture unexpectedly raised the United States on the evening of 10.

The output reached 17 million 650 thousand packages, higher than the expected 16 million 800 thousand packages and the estimated 17 million package in July.

Because of the economic downturn, foreign demand relies heavily on exports of textile industry. In June, China's textile and apparel trade reached US $24 billion 920 million, an increase of 0.06% over the same period last year, of which exports were US $22 billion 890 million, a slight decrease of 0.04%, and imports of US $2 billion 30 million, an increase of 1.3%.

Continue to pay attention to the output of new cotton, the weather is particularly critical in the near future. At present, there are signs of reduction in some areas. If the weather conditions are favorable, the output can be expected. If the rainfall continues to be affected, the output and quality will be affected.