Cotton Transaction In The Mainland Kujiang Is Better, And The Textile Industry In The Lower Reaches Is Picking Up

domestic market

Domestic cotton prices remained stable, and cotton transactions in the mainland were relatively good

On July 28, Zheng cotton futures all closed up. The cf009 contract settlement price of Zheng Mian in recent months was 11980 yuan / ton, up 40 yuan / ton. China's cotton price index was 12239 yuan / ton, down 19 yuan / ton.

Domestic cotton spot market lint price stable. Most enterprises quoted no change compared with yesterday. The transaction price of 3128b lint is 11920-12100 yuan / ton. Today's futures trading shock closed up, textile enterprises mainly trading in reserve cotton, point trading small transactions, the overall trading situation in the spot market and yesterday's difference is not big.

It is understood that cotton lint sales to the factory in Hebei Province are stable. Yesterday, the moderate rise in the auction transaction price of state-owned storage cotton weakened the downward potential of Zheng cotton futures. Today, the price of lint to the factory remained stable, and textile enterprises were still keen on purchasing and bidding for state-owned storage cotton. In addition to the small batch point price transaction, the domestic warehouse cotton shipment was better than the real-estate cotton, and the overall transaction of the cash market was general.

The price of lint sold to the factory in Anhui cotton region is stable, and most enterprises have little change in the price. However, due to the epidemic situation, it is difficult to transport within the territory, and the freight rate is rising, and the cotton trading volume in the mainland and Xinjiang has increased. Because of the low price of cotton in Xinjiang, they dare not to judge the price of cotton in the future. The larger mills are relatively rich in capital, but the processing profit is extremely low, and the purchase intention is also greatly reduced compared with previous years.

international market

Lower reaches textile industry recovery & basis advantage

On July 27, ice cotton market rebounded sharply. The contract price rose by 106.61 cents in December. Import cotton price index m level quoted 67.86 cents / pound, 100 points higher than the previous day.

Judging from the quotation, the Australian cotton basis difference has been significantly reduced recently. The SM level forward shipping quotation is in the range of 1800-1900 contract premium in December of New Zealand, and the transaction price is even only 1600 points. Other varieties remain unchanged yesterday.

From the transaction situation, affected by the lower reaches of textile industry warming and the overall weakening of the basis and other factors, the recent purchase of goods is obviously active. Among them, Brazil's cotton price is low and its quality is excellent, and its substitution for American cotton is strong, and it has been in the king's position for a long time; at the same time, the basis difference of Australian cotton has fallen, and customers have replenished their goods; due to the high price of American cotton, it is heard that only part of Pima cotton has been traded.

Yarn Market

Yarn market basically unchanged, business to inventory based

Today, the September contract settlement price of cotton yarn futures rose 90% in 19015, and fell 190 in January 19970, with 4559 transactions and 8198 positions.

Yesterday, there was no big change in today's market, Traders and textile enterprises all reflect that there is a lack of orders in the market, and the merchants mainly focus on de stocking. The market quotation of 21 pure cotton yarns is about 17500-17800 yuan / ton; the price of Vietnam yarn oe21 / 2 is about 16500 yuan / ton, which can be floated including tax; the mainstream price of 32S combed yarn is 20850 yuan / ton; the mainstream price of 40s combed yarn is about 21850 yuan / ton, but the combed varieties have price but no market At present, some merchants make a loss of nearly 500 tons of combed goods, and they will not hesitate to pay for the loss of combed goods.

Industry information

Ice cotton market rebounded sharply on the 27th. Recently, the Australian cotton basis has been significantly reduced, and the SM level forward shipping quotation is in the range of 1800-1900 premium of December contract in New Zealand, and the transaction price is even only 1600 points. Affected by factors such as the recovery of downstream textile industry and the overall weakening of the basis, the recent purchase of goods is obviously active. Among them, Brazil's cotton price is low and its quality is excellent, and its substitution for American cotton is strong, and it has been in the king's position for a long time; at the same time, the basis difference of Australian cotton has fallen, and customers have replenished their goods; due to the high price of American cotton, it is heard that only part of Pima cotton has been traded.

2. Notice on the amendment of the cotton futures exchange rules. Zhengzhou Mercantile Exchange has revised cotton futures, option contracts and relevant contents of cotton futures in detailed rules for futures delivery of Zhengzhou Commodity Exchange, management measures for standard warehouse receipts and transit warehouse receipts of Zhengzhou Commodity Exchange, management measures for futures trading risk control of Zhengzhou Commodity Exchange, and Implementation Rules for bonded delivery of Zhengzhou Commodity Exchange. The amendment is hereby promulgated and will be published since 2021 It will come into effect on September 1. Please pay attention to our news for details.

According to the national trade statistics, the average transaction price of cotton was 1198.91 tons / day, and the average transaction price was RMB 1198.91/ton.

4. Zheng cotton Market: today, zhengmian rose 40% in September 11980, 35% in January 12555, and 50% in may 12930. The turnover was 323656 and the position was 468747. On the 28th, ice cotton futures closed down on Monday, and Zheng cotton consolidated overnight. In the morning trading, it was driven up by the rise of foreign cotton, and then it was suppressed and declined in the open position and short selling. In the afternoon, the daily line grew into a positive line on the shadow line. The intra day trading volume was light, and the position was reduced and increased.