A Few Months Down, Cotton Approached Storage Price.

"How much downside can cotton price have in the current position?"

At present, cotton prices have gone through 5 months of decline, which is basically in place by Bai manager, who is responsible for purchasing the China Industrial Park.

"19800 of the purchase and storage price should be the recent" policy bottom ".

Although the textile industry has suffered from labor pains due to labor pains, the industry is still developing healthfully.

Moreover, in the case of increasing farmers' cotton growing costs, cotton prices go down again. Who will grow cotton in the coming year?

According to Bai manager, the company has set up some strategies at the price of 22000 yuan / ton.

And the manager of a textile enterprise in Zibo, Shandong continues to look down on the current cotton price.

He said that in the early days, many cotton enterprises were in pledge because of tight funds, and the pledge of cotton stocks was in the bank. Now the repayment period is approaching, and cotton prices are down sharply. These cotton enterprises may not be able to repay the loans. Those who are being pledged may be auctioned by banks.

"Cotton auction

The opposite view between Bai manager and monk manager also reflects the great divergence in the cotton futures market. In this context, the Zheng cotton futures market has always maintained a high degree of activity since the Spring Festival, and its position is rising steadily.

Since July, Zheng cotton futures have increased their holdings. In July 6th, they increased 120 thousand positions a day, breaking through 700 thousand positions in total positions. In recent days, they were hovering on 800 thousand hands, creating a new high position since the launch of Zheng cotton futures.

However, at the same time, the main contract price of Zheng cotton was recently seen in the range of 21000 - 22000 yuan / ton, and no effective breakthrough has been made.

In recent days, the US cotton trend is also more subtle, oscillating at 100 cents / pound, and the market divergence is also greater.

On the one hand, the market is optimistic about the recent EU summit. On the other hand, there is no real improvement in the downstream demand of cotton.

In the near future, the quotation of US cotton in China's main port continued to decline slightly. The current import cost is 22784 yuan per ton at 1% customs duties, and 23204 yuan per ton according to the sliding price.

What is the situation of downstream cotton consuming enterprises in China?

Shengze chemical fiber market, a trader told reporters that downstream yarn is continuing to inventory.

Judging from the new orders, most of them are

At present, nearly August, to the critical period of cotton growth, the reporter learned that at present, the new cotton growing in Xinjiang and the Yellow River Valley is good, showing a normal peach yield and obvious signs of high yield.

However, due to the continuous rainy weather in the Yangtze River Basin, the rate of peach production in many regions is obviously lower than that in the same period in the past year. The rate of peach production in two provinces of Hunan and Hubei is below 20%. It is estimated that the new cotton market will be delayed for half a month to a month, and the impact of specific output is hard to assess.

Zheng Mian running in the "entanglements" Fundamentals