A Good Deal And High Paction Price Are Important Supporting Factors In The Market.

At present, the supply sources of China are relatively simple. After the new cotton market is launched, the price will be higher and the throw will end at the end of September.

The industry believes that a good deal and high paction price are important support factors for the market.

The limited new quilt Market digested and promoted the purchase price rise of seed cotton and further supported the market.

As at 0 hours in September 22nd,

The total processing capacity is 24827 tons. The total volume of public inspection in the country is only 2428 tons, and then the cotton needed urgently by the local textile enterprises in Xinjiang is removed. Therefore, Xinjiang's new cotton will be pported to the mainland in bulk until the middle of October.

New cotton is expected to sell at a high price. At present, Xinjiang's new cotton listed on the list is priced at 14500-15000 yuan / ton, the relative price of reserve cotton is relatively favorable, and enterprises are actively stocking cotton reserves. In the past two days, due to the hot turnover of cotton reserves, the turnover rate was 100%.

In September 22nd, 30 thousand tons of reserve cotton were listed, and the average price was 13849 yuan / ton, up 73 yuan / ton compared with the previous trading day. Today, the stock market is still maintained at 30 thousand tons.

At present, the purchase price of Xinjiang has increased slightly, and the purchase price in most areas is still 6.5-7 yuan / kg. In some areas, the price is more than 7 yuan / kg.

External trend: phase cotton rose slightly on Thursday, hitting a six week high in the session, and the US dollar fell and export sales data strongly supported the market.

But cotton growth is limited due to traders closing profits this week.

The ICE contract rose 6.5% in December this week and is expected to record the biggest weekly gain in more than two months.

News: cotton reserves in September 22nd

The total turnover of 30045.696 tons is 30045.696 tons, and the turnover ratio is 100%. The average price is 13849 yuan / ton (the average price of the last round is 13776 yuan / ton).

Spot side: cotton index 3128B price is 14323 yuan / ton, compared with the previous trading day rose 88 yuan / ton.

Galaxy futures analyst Liu Qiannan said, analysis, domestic

It is in the cycle of a large amount of cotton inventory, and it is difficult to recover before the recovery, so the long line Zheng cotton oscillation is stronger.

In the short term, the reserve cotton will become bigger and bigger, and the processing volume of new cotton will not come up very well. Besides, the limit of vehicle weight is limited and the width of the cotton will be increased. The cost of cotton seed will be increased, and the cost of cotton will be increased. The rising price of seed cotton will affect the price increase. But it will also be faced with the suppression of the new cotton market.