New Cotton Processing Increased And Cotton Market Entered A Stalemate Phase.

On Monday, Zheng cotton futures contract went lower and lower, and the main contract was sharply lower and then concussion.

Today, the turnover of Zheng cotton has been reduced, and its position has increased to 481 thousand.

1701 the contract fell 130 to 148251705, the contract fell 150 to 147151709, and the contract fell 150 to 14775.

At present, Zheng cotton warehouse list volume is 666 (-9), and effective warehouse receipt volume is 195 (+5).

At present, seed cotton purchase price has been reduced.

The price of hand picked cotton 40 lint is maintained at 7-7.5 yuan / kg, the price of machine picked cotton in North Xinjiang is 6.2-6.8 yuan / kg, and the spot price of lint is slightly loose. At present, the 3128B class hand picking cotton price in the regulatory library is still concentrated at 15500-16000 yuan / ton (gross weight settlement).

At present, nearly half of the seed cotton sale is sold, and the funds of the cotton mill are consumed in large quantities, while the downstream textile enterprises still wait and see, and the actual turnover is still on the top.

Xinjiang new cotton aspect, new cotton processing capacity and inspection progress is accelerated.

The daily processing capacity is around 5-6 tons. As at 24 o'clock in October 23rd, Xinjiang cotton processed 1 million 190 thousand tons, and the total public inspection volume was 786 thousand tons. In the same period last year, Xinjiang cotton processed 1 million 240 thousand tons, and the total volume of public inspection was 871 thousand tons.

As of October 20th, Xinjiang cotton entered 819 thousand and 100 tons.

BINGTUAN has preliminarily established the selling base price of 14800 yuan / ton, but people in the market reflect that the actual paction price is generally higher than the price of about 500 yuan.

After the sales price of the regiment is set, the market price is expected to have a downward adjustment.

Cotton prices continued to plummet last Friday in the ICE period, down 69.08 (0.72) in December and 1.03% in total.

In October 21st, the US Federal Reserve's interest rate hike was expected to push the US dollar index stronger, and the recovery of the temperature in the core cotton region of the United States also kept the harvest prospects promising.

Affected by it, ICE futures continued to shock down, the December contract fell to nearly seven trading day low point, cotton prices in the short term or continue to explore.

At present,

The daily sale of kipper is about 85 thousand and 500 bales (170 kg / pack) and 14 thousand and 500 tons, of which 25 thousand are Gujarat and 20 thousand are Maharashtra.

At present, the cotton market in the territory has entered a stalemate, the purchase price of seed cotton has dropped, and the spot sale price of lint has declined, but the purchasing intention of textile enterprises is low and the turnover is scarce.

According to the information of China cotton information network, the Corps has preliminarily established the selling base price of 14800 yuan / ton.

In October 24th, the price of seed cotton continued to decline in the southern Xinjiang. On the same day, the takeover price of the 40% garment split was 7.00-7.30 yuan / kg, down 0.10 yuan / kg compared with yesterday. The mainstream price of the 40% garment sorting machine was 6.20-6.30 yuan / kg, down 0.05 yuan / kg compared with yesterday.

At present, although Akesu, Bachu, Korla and other regulatory libraries "double 29", "double 28" hand picking cotton price quoted about 15600-15800 yuan / ton (gross weight).