Home >

Zheng Cotton Continues To Fall And Wait For A Short Period.

2019/9/19 10:25:00 6

Zheng Mian

The domestic market: on Wednesday, Zheng cotton's main contract increased, and the price continued to fall, closing at 12915, compared with the previous trading day -1.30%; the highest price was 13155, the lowest was 12820; the turnover volume was 521690, the positions were 554746, +24210, and CF1-5, the difference was 450, +20.

Outward trend: ICE cotton futures fell nearly 2% on Tuesday, cotton futures fell 1.21 cents or 1.9% in ICE12 months, and the settlement price was 61.38 cents per pound. The trading interval is 60.8-62.56 cents.

News: 1, September 7th, North Jiangsu Kuitun District ginning factory to take quality and high price strategy acquisition, open scale hand picking cotton 40 lint price for 6.2-6.3 yuan / kg, compared with last year 7.3 yuan / kg compared to 1 yuan / kg. In the southern part of Xinjiang, the price of three grade lint factory has been quoted to 12500-12600 yuan / ton (gross weight and ticket), down 500-900 yuan / ton compared with last week. 2. According to statistics, yarn production decreased by 1.3% in August, down 4.2% from the same period last year, of which cotton yarn accounted for 70.4%, an increase of 0.3 percentage points from the previous month, and the proportion of blended yarn and chemical fiber yarn was 29.6%, a decrease of 0.3 percentage points from the previous month.

On the spot side: the cotton price index 3128B price is 13103, which is 43 down from the previous day's spot price; the cotton yarn price index C32S price is 21150, and the spot price remains unchanged the previous day. (unit: yuan / ton)

Warehouse Receipt Inventory: 10944 warehouse receipts, -106, warehouse receipt volume continues to flow out.

Position analysis: on the day of the Zheng cotton contract, there were 20 long positions in 211423 hands, +11189; short positions were 275649 hands, +12029; clear positions occupied an advantage.

Summary of Views: in the latest USDA report, global end inventory is up, and global demand and output are all down. The overall report is neutral. Domestic cotton Market: at present, the new cotton market is limited, and the ginning plants in the country generally postpone the purchase until the end of the National Day holiday. As of the end of August, the textile enterprises' inventory in the cotton industry is roughly 700 thousand tons, and the raw material inventory of the textile enterprises has dropped slightly. Market supply of cotton is still greater than demand. Pay close attention to the situation of late trade negotiations. Technically, the CF2001 contract short and average line system is on the rise. It is suggested that Zheng cotton main force should wait and see.



  • Related reading

China Light Textile City: Knitted Underwear Fabric Increased In Autumn And Winter.

Expert commentary
|
2019/9/19 9:22:00
2

Demand For Chemical Fiber Raw Materials Is Still Falling.

Expert commentary
|
2019/9/19 9:20:00
4

China Textile City: Mid Autumn Festival After A Long Holiday, Autumn And Winter Knitted Fabric Transaction Rebound

Expert commentary
|
2019/9/18 10:23:00
2

Cotton Prices Remain Strong In The Short Term, But The Fundamentals Are Down Or Down To 60 Cents.

Expert commentary
|
2019/9/18 10:23:00
2

The Environment Is Thriving And Polyester Staple Fiber Is Up 300 Yuan / Ton.

Expert commentary
|
2019/9/18 10:22:00
2
Read the next article

The Millennium Of "Silk Capital" In Western China Will Be Resplendence Again! 2019 China Western Silk Expo Is Held In Nanchong.

Impression of Jialing River, Nanchong city of mountains and waters. For thousands of years, the water of the Jialing River has nurtured this fertile soil, and has multiplied the sericultural and silk culture that has lasted for thousands of years. Nanchong once represented