Review Of Cotton Industry In The Second Quarter

Since the second quarter of 2016, the domestic commodity market has been greatly oscillated. With the rise in the prices of the first tier cities and the second tier cities, the domestic iron ore and rebar futures rose sharply, and then led to the rise of the domestic black plate, followed by the rise of agricultural products.

From a macro point of view, the data in the first quarter of 2016 performed better, but the data in the second quarter were relatively stable.

The form is still poor.

At present, the economy can not be judged as a "small spring", and the economy as a whole shows "L" shape.

Iron ore, rebar and black went up after a big rise.

The rise of agricultural products is supported by weather and planting area, so there is no sharp drop in the same way as other products.

Domestic cotton, supply side, as of the end of May, domestic

Commercial stocks are close to 1 million tons, and cotton reserves are highly competitive. The paction price has risen slightly, and the turnover ratio has remained high. As of June 21st, the volume of cotton reserves reached 900 thousand tons, which reflected the relative tighter cotton spot in the country.

Domestic cotton prices and spot prices rose sharply in the second quarter.

Demand side, cotton yarn sales can also be, but sales of grey fabrics in the second quarter of poor performance, product inventory increased, late to the traditional off-season, consumption is expected to further decline.

In the international market, USDA has increased 2016/17 cotton production and lowered global cotton production.

The signing rate of US cotton is lower than that of the same period in previous years, but it also goes on orderly and orderly.

India's cotton prices continue to rise due to the shortfall of high-grade cotton and the reduction of cotton production in the new year, which will play a supporting role in international cotton prices.

ICE cotton maintained steady growth in the second quarter.