Affected By Rising Prices Of New Cotton, Zheng Cotton Remains Strong.

The end of the 2015/2016 cotton reserves came to an end.

Most of the turnover was new cotton, and the purchase price of Xinjiang cotton remained high, making the Xinjiang cotton price the spot leader.

Affected by the rising price of new cotton, Zheng cotton has maintained a strong position.

On the outside side, the impact of hurricanes on the US cotton area weakened, while the rise in the US dollar led to pressure on commodity prices. ICE cotton was under pressure and recently operated under 70 cents / pound.

On the domestic side, during the National Day holiday, the purchase price of seed cotton continued to rise, and the takeover price of hand picked cotton exceeded 7.50 yuan / kg, and the cost exceeded 16000 yuan / ton mark. A large number of machine picked cotton was listed, but the cost of pickup was higher than that of hand picking cotton.

However, the cost of cotton spinning after the replacement of new and old cotton has increased substantially by more than 2000 yuan / ton compared with August, and the downstream has limited bearing capacity for raw materials. This will lead to the purchase of new cotton by textile enterprises in order to restrain cotton price increase.

In October, the purchase and processing capacity began to increase significantly. The supply increase will alleviate the situation of slam up in September. As the processing volume continues to increase, sales pressure will play a role in the market. If the progress of spot sales can not be followed up, some cotton will enter the Zhengzhou cotton market to maintain value.

According to the introduction of the galaxy futures,

On the one hand, after the festival, market sentiment has not yet gathered, and there are scattered pactions in the market, but the volume is not very large.

Conventional C32S, JC40S and other sales are better, the price of high sticks in combing is strong; the overall price of blended yarn is maintained, and turnover is generally; the turnover of cotton yarn 10S and 30S is still moderate, and prices are rising steadily.

And the specific situation, cotton yarn market regular sales general, many old customer orders

To maintain, the price of new customers has increased by 300-500 yuan / ton, and the mainstream price of Xiaoshao market C32S is about 21800-21900 yuan / ton.

At present, most of the spinning enterprises use reserve cotton as raw material, and the cost can be controlled.

The price of combed pure cotton yarn is strong. The price of JC32S in a factory in Hangzhou is 25200 yuan / ton, and the price of C40S spinning is 24500 yuan / ton, which is slightly higher than that before the festival.