The Volume And Paction Price Of State Cotton Stores Show Some Fluctuations.

Faced with the current trend of cotton prices, the market is also divided. Some people believe that the reason why domestic cotton is rising now has a certain relationship with the rhythm of throwing away the stored cotton.

By the end of May, 300 thousand tons of imported cotton had been put into operation.

Since June, all of the national cotton stores have been put into domestic cotton, while the volume and paction price of national cotton stores have shown some fluctuations, but turnover is still at a high level.

With the end of the import of cotton resources, the volume and paction price of national cotton stores began to fluctuate.

Analysts pointed out that before the launch of new cotton in September, under the tight market supply pattern,

It is still the main force to make up for the gap in the market supply, and the State Cotton store will still be at a high level.

Since dumping is always a hot spot in the market, how much will be thrown aside will directly affect the supply of the market and cause the huge fluctuation of spot price.

"At present, the supply of domestic stock is insufficient, especially the quality of Xinjiang cotton has a limited amount of spot circulation at a high price, but the short term terminal continues to focus on the purchase of national cotton reserves, although it is in the traditional off-season, but the high cost and limited spot resources also support the hard spot market.

As of June 21st, the accumulative total of cotton reserves totaled 925 thousand and 500 tons in 2015/2016, and 900 thousand and 200 tons of accumulated warehouses were sold, with a turnover rate of 97.27%.

Zheng Bo, an information analyst at Zhuo Chuang, said.

Zheng Bo thinks that from the structure of participating in auction,

The auction enthusiasm has been gradually warming up, and at present, the market circulation resources are mostly in the hands of traders. Traders provide for the textile enterprises to take photos, advance funds, pick up and pport, and the textile enterprises maintain normal delivery, but the cost performance advantages are insufficient, structural contradictions and slow storage problems remain. Some textile enterprises are still in the "no rice pot" situation, which also makes some spinning enterprises buy cotton or long staple cotton outside the port.

Another hot spot in the recent market is cotton planting area and recent weather. Yang Zhijiang, general manager of Shanghai Century Boulevard business department, said that the recent high temperatures in Xinjiang and hail affected the yield per unit area, and that the market funds were speculation. However, the reduction in yield caused by the weather is expected to be relatively limited. The output will not exceed 400 thousand tons. In March 1, 2017, it will start dumping, 50 thousand tons / day, and 400 thousand tons, or about 8 days.

The supply and demand pattern of the new year will not be affected at all. The overall supply and demand pattern in the new year is still empty.

Therefore, the price of hype caused by speculation is very limited.

In this regard, Gao Guoying, an analyst at new lake futures, said he did not agree. For the current main contract cotton prices should be dynamically looked at, first of all, in September, the contract price in the warehouse receipts and other topics hype, the price rise is larger.

The mainstream market price in Shandong is 12600-12800 yuan, while the 1609 contract price is about 13500 yuan. In September, the warehouse receipt was still the old warehouse receipt price. The January contract as the new year contract represents the new cotton price. That is to say, January is relatively undervalued in September, and the price is adjusted.