Domestic Cotton Spot Market Is Still In The Doldrums.

< p > > domestic a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > spot market price has steadily declined, but even if the price is cut, the turnover is still not improving, the market is still in the doldrums, the textile enterprises are mainly watching, and the market has no market price.

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< p > National Cotton auction continued, volume and paction average price both plummeted, with the continuous decline of the external market, traders at the ports outside the cotton price reduction generally, but textile enterprises still do not buy it, generally with the use of buy, the market outlook is still more pessimistic.

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< p > because the ICE cotton market is closed, the quotation of China's main port of import cotton remains stable.

At present, the price of cotton has dropped down due to the fear that the market will increase the supply of American cotton.

At the same time, the spot market was slow, cotton merchants and a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > factory had no bottom on the bottom of the market, wait-and-see sentiment was aggravated.

Analysts say precipitation in Texas will have a great impact on the supply pattern of new cotton, and cotton prices may continue to fall.

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< p > < strong > long staple cotton price dived again < /strong > < /p >

< p > Xinjiang, Akesu, Kashi and other places enterprises long staple cotton 137 level quotations to 30300 yuan / ton, 237 level price is 30000 yuan / ton; Shandong, Hebei and other places 137 level pick up price is 30800 yuan / ton, 237 level 30300 yuan / ton line, are lower than last week, 100-200 yuan / ton, compared with the middle of this month fell by 500-600 yuan / ton, a decrease of 1900-2200 yuan / ton.

Why does the price of long staple cotton drop and fall? < /p >

< p > first, the pressure of textile enterprises is high, and the advantage of high count yarn is not.

The market reflects that up to now, the stock of mainstream mills is in 20-25 days, and a few leading enterprises are below 45 days, and some enterprises have reached 60 days.

According to a textile company which mainly produces 32-120 yarns such as combed cotton, 26-27 May, the spot combed ring spinning JC50S reported 35000 yuan / ton; combed tightly JC60S reported 42000 yuan / ton, including 20% long staple cotton; full leather cotton JC50S reported 53000 yuan / ton, the price was single.

However, due to the fact that the products are rather unsalable, enterprises are constantly reducing their production capacity and constantly reducing the proportion of long staple cotton. The advantages of high yarn and high quality yarn are no longer available.

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< p > Second, cotton traders generally go to stock pressure.

At present, there are still a lot of Xinjiang long staple cotton in the hands of some cotton merchants in Shandong and Hebei. With the passage of time, the cost is generally more than 35000 yuan / ton, plus the cost of bank loans, warehousing and so on.

Shandong cotton merchants said: "no way, in order to promote sales, we can only continue to reduce the origin of Akesu 137, 237 level quotations, in fact, many Cotton Traders basically have continued to cut down the price of long staple cotton."

Market pessimism further increased.

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< p > Third, issued under the import quota, triggering the boom of textile enterprises' customs clearance.

It is understood that by the middle of 5, textile enterprises in various places have received import quotas in April, ranging from 200-2000 tons.

The textile enterprises in Hebei, Shandong and Henan reflect that the quotas have caused us to rush to order or customs import cotton, the United States Pima cotton and good quality Australian cotton clearance increased.

Port Cotton Traders reflect that on the 27 day, the US green card Pima cotton GM grade 1-1-46 price includes 31700 yuan / ton in Zhangjiagang area, and the green card Pima cotton GM class 1-1-48 contains tax 32200 yuan / ton, the price is relatively stable, the quality is general, and the demand is more; Qingdao area new cotton SM 1-5/32 contains 19300 yuan / ton tax, and there are not many sources.

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< p > Fourth, China's policy is made.

The national reserve price dropped to 17250 yuan / ton, causing the spot price of the market to move closer to the reserve price. Under this influence, the price of a href= "//www.sjfzxm.com/news/index_s.asp" > long staple cotton < /a > prices continued to fall.

In addition, the target price policy has been implemented this year, but the rules have not yet been promulgated. The market speculated that the price of lint or cotton fell to about 16000 yuan / ton in the new year, and the purchase price of Xinjiang seed cotton was only about 6.80 yuan / kg.

Affected by this, the price of long staple cotton will drop again, which is a wait-and-see view for textile enterprises.

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