Cotton Spot To Go Inventory Process Accelerated

Growth: cotton has entered the bud stage in Xinjiang. Rational chemical control, water and fertilizer supply and integrated pest management have entered the critical period of field management.

Most of the cotton fields in the southern Xinjiang were lighter than in previous years, and the cotton seedlings grew better overall in the early Southern Xinjiang, Akesu.

In May, cotton fields, such as corn, tomato and pepper, had been replanted in the cotton fields affected by the disease.

The growth of cotton in the mainland is better.

There are more rainfall in the Yangtze River Basin, Hunan, Hubei,

Soil moisture was higher due to frequent rainfall in other places, and the cotton seedling growth in local low-lying cotton fields was poor.

Late weather improved, strengthening the field management is expected to improve.

The continuous high temperature and dry weather in North China, which ushered in rainfall last week, is favorable for cotton seedling growth.

Some cotton seedlings were damaged by heavy rainfall and hail in Cangzhou area of Hebei.

Market sales:

Starting from June 1st, the export price of cotton railway has been cut by 15%, but it is necessary for enterprises to apply for it before loading. Moreover, it is uncertain whether it will be approved or not. It will take at least 10 days. Considering that the relevant departments of the state in late June are likely to introduce the national cotton throwing and storing plan, the shipment and arrival volume of Australia cotton will increase in 6 and July, plus the reduction of the cotton enterprises involved in linning in the near future.

Therefore, although the ginning factory is very concerned about the reduction of freight rate by 15%, the waiting time is too long, for fear of missing the sales opportunity in 6-8 months, some enterprises stop declaring and loading the vehicle according to the original pportation price.

During the week, the price of Xinjiang cotton was quoted, the paction price continued to be weak and the shipment speed was accelerated.

At present, the inventory of cotton enterprises in the mainland is further reduced. With the news of the rotation of cotton stocks further brighter, many enterprises are actively selling cotton stocks.

Most enterprises are actively pforming, and some enterprises are quietly changing.

For some enterprises, the market is not very optimistic.

At present, the sales progress of real estate cotton has been further improved. Some enterprises have further reduced the risk of late hoarding, and reduced prices slightly to facilitate pactions.

At present, enterprises generally say that funds are relatively tight.

Last week, the CF1509 contract fell by 295 yuan compared with last week, with 496494 hands in volume and 280688 hands in positions, with 2382 additional positions.

CF601 fell by 145 yuan compared with last week, trading volume of 316610 hands, holding 13245 hands, reducing 16974 positions.

Since last week, the fundamentals market is not conducive to the futures market. With the further impact of the cotton store news at the international conference, the futures market has dropped.