Cotton enters fast-growing cotton prices or continues to fluctuate within a narrow range

Cotton enters a fast-growing period Cotton prices may continue to fluctuate within a narrow range

In recent days, cotton has entered a period of rapid growth. Xinjiang's northern Xinjiang cotton seedlings are in the 6th true leaf stage. The plant height is about 30 cm. Some of the cotton seedlings have budding 2-3; some cotton in southern Xinjiang are subject to cooling, hail and other bad conditions. Affected by the weather, cotton seedlings were seriously damaged, and some cotton fields were replanted or rebroadcast, and cotton production was affected to a certain extent. The recent clear weather in the Yellow River Basin, sunshine is good, cotton seedlings in the 4-5 true leaf stage, plant height of 20 cm, cotton seedlings, pests and diseases are few, grow better. The cotton seedlings in the Yangtze River Valley are in the 5-6th true leaf stage and the plant height is 20-25 cm. However, because of the early rain, some cotton fields have problems such as locusts and premature aging, and cotton farmers are stepping up their field management.

The recent domestic spot price of lint remained stable. As of June 8th, the factory price of 3128-level lint cotton mills in domestic cotton-producing areas was 12500-14000 yuan/ton, and the factory price of 4128-level lint factory was 11800-13,000 yuan/ton, which was the same as last week. According to market analysis, the following unfavorable factors are still inhibiting the spot market of lint:

1, ** weak shocks, failed to bring a clear guide to the cash spot.

From June 1-5, US cotton continued to rise. As of June 4, the US cotton July contract closed at 65.12 cents per pound, up by US$0.77/lb from May 28. However, due to weak demand, domestic Zheng cotton slumped last week. As of June 5, Zheng Cotton's CF1509 contract closed at RMB 13,055 per ton, which was a drop of RMB 65 per ton compared with May 29, and the MX was still weak and fluctuating. Temporarily failed to bring a clear guideline to the spot of cotton.

2. India's cotton yarn tariffs have fallen, hitting the domestic cotton market.

During the visit of the Indian Prime Minister to China, Chinese leaders stated that they would promote the cotton yarn trade between China and India and promised to lower the import tariffs on cotton yarn. Once the tariff of Indian cotton yarn falls and there is no restriction on import quotas, it will cause great impact on the Chinese cotton textile industry and the cotton industry. In the long run, this will accelerate the suspension of production and closure of small and medium-sized cotton mills, which will affect the lint market.

3. The State Reserve's inventory is high, but the demand is weak, and it still restrains its market.

The State Reserve’s stockpiles of cotton are more than 10 million tons. It is reported that the country will sell cotton in 2011 and 2012 in June, and huge cotton stocks have caused enterprises to worry that the growth of textile enterprises will increase their wait-and-see attitude. "Inventory, low demand" still restricts the cotton market.

Currently, the ginners hold limited lint, and they are still watching the price and continue to support the spot market for lint. In summary, despite the cost support for cotton prices, but by the policy and the spot market to contain, it is expected that the short-term cashmere spot market will also rise or fall dilemma, or continue to steadily narrow fluctuations.

Embroidered Dress

Embroidered Dress,Embroidered Mini Dress,Floral Embroidered Dress,Embroidered Summer Dress

SUZHOU DEVELOP TOGETHER IMP & EXP CO.,LTD , https://www.suzhoutaitong.com

Posted on