Before The Spring Festival Cotton Market: Stable And Weak Trend Is Recognized

According to some cotton enterprises in Hebei, Shandong and Henan,

The processing is postponed and the market tends to be deserted.

On the one hand, since December 19th, haze weather has been aggravated and lasted for a long time. Farmers, cotton processors and ginning mills have stopped collecting and stopping buying. On the other hand, in recent days, Zheng cotton and matchmaking spot prices dropped sharply, and the CF1705 contract point approached 15000 yuan / ton, down nearly 1900 yuan / ton compared with the annual high point in November 15th, while spot prices also showed signs of loosening callbacks.

On the 19-20 th of December, the 3128 level gross weight of the the Yellow River area cotton area was quoted at 15300-15500 yuan / ton and 3129 gross weight 15700-16000 yuan / ton, but from the actual paction price, the cotton mill and the cotton merchant have offered to make a profit 100-200 yuan / ton.

A cotton mill in Shijiazhuang, Hebei, said that on the 20 day, Zheng cotton CF1701 and CF1705 contracts fell to 14800-15000 yuan / ton, although it was a public settlement, but it was more cost-effective than the purchase, and the quality of the products was guaranteed by public inspection.

For the cotton market before the Spring Festival, the mainland

Cotton mills and traders generally recognised the trend of weakening in stability. Although the Zhengfeng cotton and matchmaker's spot listing fell sharply, they were flat or even upside down 300-400 yuan / ton, but the spot reaction was obviously slow.

On the one hand, as of December 19th, 1105 sheets of zhengmian warehouse receipt were available, 2145 valid forecasts were available, two total 3250 pieces (about 138 thousand tons), and the CF1701 contract was held more than 40 thousand hands, the pressure of the real market was quite prominent, and it was very difficult to retreat when the bull was forced to do so.

On the other hand, the spot market is much more robust than futures. Since mid November, although the replenishment of cotton enterprises is lower than that of the industry, it is considered before the Spring Festival.

Railway pportation is still difficult to relieve the pressure from the frontier (there are signs of growth in road pport). The quantity of US cotton in the 2016/17 year before the end of January is not large. The spot resistance is strong, and the real estate market is 3128 yuan under 15000 yuan / ton.

According to the national cotton production data released by the National Bureau of statistics, the total output of cotton in China was 5 million 343 thousand tons in 2016, a decrease of 4.6% tons compared with 260 thousand tons in 2015.

The reduction of sowing area is the main reason for the reduction of cotton production in 2016.

Following the reduction of cotton planting area in 2014 and 2015, it continued to decrease this year.

In 2016, the cotton planting area in China was 3 million 376 thousand and 100 hectares (50 million 642 thousand mu), which was 420 thousand and 500 hectares (6 million 308 thousand mu) lower than that in 2015, and decreased by 11.1%.

According to the regional distribution, the cotton planting area in Xinjiang decreased by 99 thousand and 100 hectares (1 million 488 thousand mu) compared with that in 2015, and decreased by 5.2%. The cotton planting area in other provinces decreased by 321 thousand and 300 hectares (4 million 820 thousand acres) and decreased by 17%.

From the cotton area, the main cotton areas in the Yellow River and Yangtze River continue to have a trend of more reduction in 2015.

Among them, the cotton area in the the Yellow River River Basin decreased by 147 thousand and 800 hectares (2 million 217 thousand mu), a decrease of 14.3%; the per unit area yield increased by 63.3 kg (4.2 kg / mu) per hectare, and increased by 6%; the yield decreased by 100 thousand tons, and decreased by 9.2%.

The cotton area in the Yangtze River Basin decreased by 160 thousand and 700 hectares (2 million 411 thousand mu), a decrease of 19.8%; the yield per unit area decreased by 68.3 kg (4.6 kg / mu) per hectare, and decreased by 5.9%; the yield decreased by 230 thousand tons, and decreased by 24.6%.

Although the cotton planting area of Xinjiang has been reduced in the largest cotton producing area in China, the output of cotton has increased to 151.5 tons (10.1 kg / mu) per hectare. The output of cotton has reached 3 million 594 thousand tons, an increase of 91 thousand tons over the previous year, an increase of 2.6%.

The proportion of cotton output in Xinjiang has increased to 67.3%, 4.8 percentage points higher than the previous year.

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