Zheng Mian'S Warehouse Orders Continue To Increase In Large Numbers, And Downstream Enterprises Are Not Willing To Accept Orders

The turnover rate of reserve cotton has declined in the past two weeks. On the one hand, enterprises are more rational in bidding, and on the other hand, they are not optimistic about the listed resources of reserve cotton, which is also a reason for the gap with the spot quality. The price of Zheng cotton rose yesterday, and the enthusiasm of reserve cotton auction recovered slightly. The transaction rate rose from 58.01% the previous day to 71.85%, with the average transaction price of 14774 yuan/ton, 27 yuan/ton higher than the previous day's price, or 3128 yuan/ton, 15987 yuan/ton.

Recently, both textile enterprises and traders have become rational in bidding for reserve cotton. Both textile enterprises and traders are bidding according to their ability and demand. At present, Zheng Mian, reserve cotton auction and spot goods interact, among which the rise and fall of Zheng Mian have a greater impact on market confidence. In the short term, the biggest pressure on Zheng Mian is the huge amount of continuously increasing warehouse receipts. If downstream enterprises actively accept warehouse receipts, the downward pressure will decrease.

However, from the current point of view, Zheng Mian's warehouse receipts continue to increase significantly, while downstream enterprises have not shown the willingness to actively accept warehouse receipts, so it is expected that Zheng Mian will still be weak after the rebound. In addition, attention should be paid to the overall trend of commodities. On Friday, Zheng Mian's contract fluctuated. After the main contract opened high, it fluctuated and fell. Later, the price recovered and fluctuated, and the price in the final session was slightly higher. Today, Zheng Mian's position volume increased from 12000 to 407000.

1. Affected by the sharp rise of Zheng Mian's night trading on March 22 Xinjiang The spot price of cotton rose 200 yuan/ton, and the price of "Double 29" hand picked cotton rose to 16400 yuan/ton (settled by the public in the mainland). However, most cotton enterprises and merchants are on the sidelines and do not offer outside.

2. In the vast traditional cotton area of northern Jiangsu in the Yangtze River basin, due to the impact of waterlogging, wind disasters and other disasters during the cotton growing period in many regions in 2016, and the unstable cotton purchase price, the overall purchase price was higher than that in 2015, but the unit yield of large areas declined, and the overall benefits of farmers' cotton planting did not increase significantly. According to the survey, whether cotton farmers in the Yangtze River Basin will plant in January and February cotton The wait-and-see mood is strong, and the cotton planting intention is predicted to increase slightly year on year. However, until now, the cotton planting intention once again learned is not optimistic.

Pakistan: Recently, Pakistani textile enterprises still adhere to the principle of purchasing foreign cotton whenever they use it, Indian cotton The price to Karachi Port is between 85.50-89.00 cents/pound. High count yarn spinning enterprises also order some Turkmen cotton. Domestically, on March 22, the picking price of the new flower ginning plant remained 6800-7150 rupees/Mohnd (79.00-83.00 cents/pound).

India: on March 23, the picking price of India S-6 gin mill was 43850 rupees/Kandi (85.50 cents/pound), and that of Punjab J-34 was 4820 rupees/Mohnd (89.50 cents/pound); At present, 22200 tons of lint are converted into Indian market every day, including 5950 tons in Gujarat and 8500 tons in Maharashtra.

"Zheng Mian is a weather vane and a barometer. Zheng Mian has been falling continuously, and people dare not buy raw materials easily." A market person said that as a textile enterprise, the last thing they want is a sharp fluctuation in cotton prices. No matter whether it is up or down, enterprises do not want it. On the 23rd, Zheng Mian's main 1705 contract was still fluctuating at 15300 yuan/ton. According to textile enterprises, whether Zheng Mian can stop falling and stabilize in the near future or rise is crucial.

If Zheng Mian can recover 15500 yuan/ton of lost land, what will be the trend of the prices of three major cotton resources: national reserve, spot and Zheng? To sum up, this year's textile enterprises are not active in auctioning for storage, cash conversion, purchase of real estate cotton and Xinjiang cotton spot are also not active. The key factor is the volatility of the market. When will this situation reverse?

For more information, please pay attention to the report of World Clothing, Shoes and Hats Network.