Zheng Cotton Is Unlikely To Continue To Fall. It Has Basically Touched The Bottom.

Yesterday, the slightly stable market of Zheng cotton started a sharp rhythm again yesterday. Yesterday, the market opened at a low speed of 15000 yuan and dropped to 14985 yuan / ton, but the low duration did not increase to 15180 yuan / ton in the afternoon.

Why did Zheng cotton suddenly fluctuate violently at the same time for nearly a week? From the recent market reaction, there are not many new bad factors on the basis of bad profits. The increase of cotton planting area is already within expectation, and it is also expected to be continuously digested. The bad influence is not enough to continue to fall sharply.

Everyone else is especially concerned.

Also in the order of the wheel, in the context of national inventory, as of June 19th, the cumulative cotton reserves planned to go out of 2 million 200 thousand and 300 tons, accumulative total of 1 million 530 thousand and 700 tons, and the turnover rate was 69.57%.

At this rate, the output of cotton reserves will exceed 2 million 500 thousand tons in 2016.

Such a large volume of output guarantees the supply of raw materials in the market and plays an important role in stabilizing the market.

Of course, the rotation process has lasted for a long time, both in terms of quantity and structure, which has remained stable and there has not been any abnormal situation. Therefore, cotton reserves are not enough to trigger a sharp fall in Zheng cotton.

On the contrary

In the short term, the volume of new frontier cotton has been reduced, and the volume of new frontier cotton has reached 8 thousand tons, and the disk surface does not rise, and the hot fried Xinjiang cotton is at least a false proposition at present.

At present, changes in warehouse receipts will have an important impact on the trend of the disk.

In recent months, the number of warehouse receipts has remained high, which has been rare in the past, which directly limits the space for the rise of the disk. And no matter how large the quantity of warehouse receipts is, the key problem is how to digest it.

As Zheng cotton continues to go down in the near future, warehouse receipts gradually flow to spot.

according to

The change of warehouse price increases the water margin of warehouse receipts, which is estimated to be around 1000 yuan / ton.

So as long as Zheng cotton continues to fall, the circulation of warehouse receipts will accelerate.

Of course, as the number of warehouse receipts decreased, this left room for the long positions.

The deeper the fall of Zheng cotton, the bigger the rebound.

Recently, the textile market in Hebei, Shandong and Henan provinces can see from the feedback information from all parties: the order quantity of gauze continues to decline, the quotation is relatively weak, and the funds of most manufacturers are tightened.

Introduction of a single weaving mill in Shandong: in the off-season, although the order has been extended, looms are still running at 100%, but downstream customers owe much more shipments, and the payment is more difficult and most of them are accepted. At present, it can be regarded as a good way to pfer cash to rigid procurement. Actually, many manufacturers are in bad condition at present, and every day has been through the east wall to make up for the west wall.

Under this market, sales of pure cotton yarn are still going downhill. The shipment is mainly based on low count yarn. The actual paction price is about 100 yuan. However, influenced by the cotton price and the off-season market, it is expected that the price of conventional cotton yarn will be lower in the future market.

In the near future, the orders of polyester cotton blended yarn and multi component differentiated varieties are stable, but far less than the same period in previous years. According to a textile manufacturer in Hebei, the company's orders for differentiated varieties are slightly better, but the delivery period is very tight.

When the market is bad, it is the service that compares to every household. Whether it is quoted price, delivery date or quality, who will take the lead, who will have more chances.

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