Zheng Cotton Finally Slowed Down His Pace And Was Temporarily In The Adjustment Stage.

From Zheng cotton K line chart, from last year, the price of the futures contract 1709 has been shifting upward, although the fluctuation range has been enlarged continuously, but the price center of gravity has never changed.

Especially

After the recent drastic fluctuations, there are still many controversies about its future direction.

From the current market related data, most people believe that Zheng cotton's rise is weak and the future trend should be empty. They say that from the basic perspective of cotton supply and demand at home and abroad, it is undoubtedly pointing to the empty side.

According to the global demand forecast released by the US Department of agriculture in May, despite the slight decline in average yield per unit area in 2017, cotton planting area will rebound to nearly three years high. Therefore, the global output is expected to grow by nearly 7%, and the output of all the main cotton producing countries will increase, of which, the United States cotton production will increase by 2 million, and India will increase output by 1 million 500 thousand bags.

The end of the world inventory is expected to be 87 million 100 thousand packages, the inventory consumption ratio of 75%, China's inventory reduction over the global inventory decline, outside China's stock is expected to increase for second consecutive years.

From home

On the supply side, besides industrial and commercial inventories, reserve cotton is also an important channel for exporting to the market.

According to the latest statistics of China's cotton net statistics, at present, the volume of cotton reserves has exceeded 1 million tons.

It can be seen that the supply of adequate reserve cotton makes the market unable to see much space.

And once the market supply and demand changes, resulting in abnormal fluctuations in prices, the time and amount of output of cotton reserves may be adjusted.

Therefore, most people think that the cotton market is still empty.

For the bull market, the initial production of the downstream textile enterprises has given the market a lot of performance. Secondly, the profits in 2016 have basically come to an end. The new cotton resources in this year have been gradually reduced. Among them, the high quality cotton has become a scarce resource and the price has been strong.

It is reported that the amount of cotton in the territory has dropped to 800 thousand tons, of which most of the resources have been locked up by the local spinning enterprises, and the number of pport can be pported out of Xinjiang.

Some investors said that with the speculation of cotton and 6-8 months of weather, the price of the latter part of the year is likely to get out of the new highs. At present, 16500 yuan / ton has been broken through, and 17000 yuan / ton has been seen at the later stage.

No one can predict whether it will reach 17000 yuan / ton in the end, but according to the rule of futures market, "truth" is always in the hands of a few people.

The lint spot is not rising synchronously.

The Yellow River Basin

Overall smooth, "double 28" and "double 29" hand picked Xinjiang cotton price of 16600-16700 yuan / ton (pick up, gross weight), 3128/29 Southern Xinjiang cotton picking (fracture strength 28CN) price in 16500 yuan / ton, and little change last week.

According to traders, the quality of Xinjiang cotton is both hard and fast nowadays.

Inflation is difficult, because downstream textile enterprises are cautiously buying, and the sellers are still reluctant to sell.

Zheng cotton only recovered the lost land in the early stage and did not really attack the city.

Last week, the main CF1709 contract fell from 16200 yuan / ton to 15500 yuan / ton; on Monday, the closing price was 16290 yuan / ton.

It can only be said that the lost land was recovered last week, and the price is still stuck in the earlier stage.

For more information, please pay attention to the world clothing shoes and hats net report.