Cotton Spot Is Neither "Wonderful" Nor "Active".

Since November, the price of gross domestic product (or weight) of standard grade lint has generally increased by 200-300 yuan / ton. At present, the gross weight pick-up price of hand picked cotton in Akesu, Bachu, Korla and other places in southern Xinjiang is 15700-16000 yuan / ton. (rumor has eight cases that the eight level standard price is raised from 14800 yuan / ton to 15200 yuan / ton), and the gross price quotas of "double 29, double 30" machine picked cotton are also 15500-16000 yuan / ton in Kuitun, Shawan and other places in North Xinjiang, but why can't spot spot be neither "wonderful" nor "active"?

10, November

The pportation bottlenecks and the speculative funds spillover from the real estate market, stock market and physical industry have become the best footnote for this market in the black commodities and cotton futures, but for the cotton enterprises in the territory, the highlights belong to the cotton traders, which belong to speculative capital, and loneliness is their own.

My views are as follows:

First, the focus of inquiry and paction is hand picking cotton, far from "thousands of trees and pear blossoms".

According to the survey, by the middle of November, there were still a handful of large and medium-sized cotton textile factories and small and medium traders in the mainland to purchase lint. There was still a large number of foreign merchants and cotton traders in goods, enquiries and goods.

In consideration of

As for quotations, impurities, color level, horse value and other factors, the users of fluxing cotton mainly flow in eastern Xinjiang and southern Xinjiang.

Take Nong Yi Shi as an example. By the middle of November, the volume of contracted turnover exceeded 10 thousand tons, compared with the total output of 320 thousand tons.

Two, why not make hedging in the Zhengzhou period, avoiding spot sales and selling pressure?

Flower enterprises deduct 600-700 yuan / ton pportation and financial cost (have considered 500 yuan / ton out of pport subsidies), and the cost and price of the ginning plant are no longer upside down. But due to the tight railway vehicle (one month ahead of time), the road is out of the border and there is no vehicle available (more than 10 days for the cotton enterprises can not be delivered), the January entry to the mainland delivery warehouse, the production of warehouse receipts and delivery are basically hopeless. Secondly, the CF1705 contract is lower than CF1701. Considering the pportation cost and the financial cost of 900-1000 yuan / ton, the loss of warehouse goods in the ginning factory during the formation period is 300-400 yuan / ton. Thirdly, because most cotton processing enterprises are faced with great repayment and repayment pressure in March and May, the futures warehouse receipts can not be realized in the short term. First of all, although the CF1701 is at 16000-16200/ ton, it is about rolling.

Three.

It is not that "the rice is waiting for the rice pot".

From time to time, after December, with the end of the pportation of materials such as short cotton, fruit and energy in the territory, the number of vehicles within the territory will be large.

Coupled with the coordination of Urumqi Railway Bureau and general railway, highway and railway cotton pportation will be "blowout".

In addition, in December, there were successive arrivals of 2016/17 cotton, India cotton and Ukrainian cotton, plus about 1000000 tons of real estate cotton. The supply pressure was not outstanding.

In addition, in March 2017, the state related departments restarted the national storage cotton wheel, the price, quantity and quality still worth a part of the cotton textile factory is still looking forward to, so the use of cotton enterprises most of the "follow the purchase, see the single material, do not deposit without" principle of purchasing cotton, the majority of the warehouse.