Cotton market remains stable, yarn sales vary greatly

From June 5th to 9th, 2017, the domestic cotton market price remained stable. Among them, the national cotton price A index (CNCotton A), which represents the mainland's 2129B grade cotton price, averaged 16,392 yuan/ton, down 2 yuan/ton from the previous week; on behalf of The average price of the National Cotton Price B Index (CNCotton B) of 3128B cotton prices in the mainland was 16007 yuan/ton, down 4 yuan/ton from the previous week. That week, the cotton areas in Jiangsu, Anhui and other provinces in the Yangtze River Basin had fine weather, and some areas were accompanied by rainfall, which was beneficial to the growth of cotton seedlings. Among them, the early sowing cotton seedlings in the east of Anhui Province were 40-50 cm tall, and the growth was gratifying, and the late sowing cotton seedlings The plant height is 10 cm, in the third true leaf stage. The temperature in Shihezi, Yili, Kuitun, Bozhou and other places in northern Xinjiang has been rising, the soil temperature is better, and the cotton seedlings have entered a period of rapid growth. However, the temperature in southern Xinjiang has changed drastically recently, and Awati County in Aksu Prefecture suffered hail disasters. Due to the long duration, high density, and wide coverage, the cotton in some cotton fields was instantly smashed into polished rods, and water accumulated in the cotton fields. That week, the number of cotton reserves planned for rotation was 148,700 tons, the actual transaction was 98,100 tons, the transaction rate was 66.0%, and the transaction rate decreased. From the perspective of transaction prices, the average transaction price was 15,132 yuan/ton, a decrease of 96 yuan from the previous week. /Ton. As of June 2, 2017, the cumulative out-of-stock transaction of cotton reserves in 2016/2017 was 1.3218 million tons, of which Xinjiang cotton sold 862,600 tons and real estate cotton sold 459,200 tons; the listing volume of Xinjiang cotton remained stable that week, with an average of About 13,000 tons/day, the proportion of traders' bidding has increased, from 31.84% last week to 43.7%. , It is expected that there may be a turnaround in mid-to-late June, when the sales of coarse yarns are expected to usher in an improvement. The textile market in Hebei, Shandong and Henan has a weak and stable price, and the transaction volume is not large. Some manufacturers produce at full capacity, but their profit margins are low.　　 During the week, the yarn sales situation was quite different. The overall production situation of textile enterprises in some areas of Hubei was good, and the stocking time of individual enterprises even lasted four months. The overall yarn sales situation was better than last year. Some textile companies in Hunan and Jiangxi reflected that the downstream market was weak. When the cyclical goods market fluctuated upwards, from the K-line chart, the CF1709 contract had bottomed out for two consecutive days. From the perspective of changes in position, as the price continues to fall, the amount of open interest continues to increase in the low range, which also shows that when the CF1709 contract price is lower than 15,300 yuan/ton, it has begun to receive market attention. On June 8, the disk price plus the premium on warehouse receipts were basically the same or slightly discounted to the spot price, which led to the acceleration of the outflow of cotton warehouse receipts. The price orders were active and provided strong support for Zheng Mian, which caused Zheng Mian to step out of a big wave. The rebound, especially the strength of black and agricultural products, also echoes with cotton. Article Keywords: 　 Cotton Yarn Sales