Mainland Cotton Area Dissatisfaction With The Purchase Price Is Expected To Extend Until The End Of December.

On October 2014 16-22, the domestic cotton market prices continued to decline. Among them, the average price of the national cotton price A index (CNCotton A), representing the 2129B cotton price in the mainland, was 15369 yuan / ton, down 144 yuan / ton compared with last week. The average price of the national cotton price B index (CNCotton B) representing the mainland's 3128B grade cotton price was 14822 yuan / ton, down 84 yuan / ton.

Zhou,

The purchase price of seed cotton increased substantially. In October 20th, the price of seed cotton in the southern Xinjiang was 6.40-6.50 yuan / kg (40% lint), which rose by 0.30 yuan / kg compared with 15 days.

On the 21 th, some cotton enterprises began to slightly reduce the purchase price of seed cotton. Cotton growers saw a downward trend in the purchase price, and the willingness to sell increased. The current seed cotton sale volume was around 30%.

There are still few cotton purchasing enterprises in the mainland, and the purchase price is in the range of 3.20-3.40 yuan / Jin, and most of them are "choosy and choosy". Cotton farmers are dissatisfied with the purchase price, and a large quantity of seed cotton is picked up in Jaeger Le Coulter, some of which are not even sold for a pound.

The acquisition period is expected to extend to the end of December or even the middle of January.

Goods in stock

On the 22 hand, the mainstream pick-up price of the 3128 class cotton platform in Akesu, Xinjiang rose to 14700-14800 yuan / ton on the 3128 th, and the sales price of some cotton traders to Shandong, Hebei and other places reached 16000-16200 yuan / ton, up 600-700 yuan / ton compared with the first ten days of October.

Although the cotton spot market in the territory has been more active since October, the procurement of textile enterprises is still in the exploratory stage. Most of the purchases are carried out in one or two batches, and the volume is not large.

Cotton in the mainland also leveraged slightly upward. On the 22 day, the 3128 new cotton production price in the the Yellow River River Basin was 14800-15000 yuan / ton, up 200 yuan / ton compared with last week.

In the week, the price of domestic pure cotton yarn was stable, the low yarn trade was relatively concentrated, and the demand for high quality yarn was weak.

At present, local textile enterprises have begun to purchase new cotton for spinning, and the trend of downward trend of domestic pure cotton yarn price center is difficult to change, which prevents the cotton spinning industry from starting.

Textile enterprises still use cotton as they buy, large enterprises will normally be prepared for 50-60 days, and small and medium-sized enterprises are basically in 25-30 days, or even for only a week or so.

Subject to bulk

Downward drag, 22 days ICE cotton to maintain weak consolidation status, December contract slightly lower, the paction continued to decline, it is expected that the short term will be in the 62-65 compartment body oscillation.

In the domestic market, under the influence of the spot paction turnover and the rumor of the quotas for the sale of Xinjiang cotton, the short-term cotton market still has many advantages. But the new cotton market will increase significantly in the late period, and the dynamic energy supply of the textile enterprises will be limited, and the pressure of supply and demand will rise to put pressure on cotton prices.

On the 22 day, Zheng cotton continued the oscillation pattern, and the contract market finally fell and rose, and the positions continued to decrease.