New Cotton Acquisition Bottleneck "Loose" During Rush Hour

According to relevant statistics, in October, our domestic Treasury turnover inventory was 328 thousand and 700 tons, an increase of 191 thousand and 700 tons compared with the same period last year, an increase of about 140%, and the inventory level was only second to that of the same period in 2013.

So the mainland does not really lack cotton.

In this regard, cotton prices have not continued to rise.

On the disk, 16600 yuan / ton has pressure. In the case of Xinjiang pport bottlenecks loose, downstream replenishment needs mitigation, Zheng cotton or will fall slightly.

Strength is limited, wait-and-see is the main.

At present, it is in the rush hour for the acquisition of new cotton.

The acquisition of spot has great influence on the operation of cotton price.

The current cotton force originated in Xinjiang railway pportation tight, Xinjiang cotton pportation difficulties, the market worried about whether the 01 contract warehouse receipts can be generated in time and the registration cost rise, causing the market to do more enthusiasm.

Recently, in the case of heavy pport volume and recharge demand, the cotton price rise caused by Xinjiang pport capacity and downstream replenishment has slowed down.

At the beginning of the month, Xinjiang's 58-60 ton box car freight was restored to its original price from the previous reduction of 7%.

On the one hand, the freight rate is rising, on the other hand, the capacity is tight.

At that time, when the Xinjiang jujube, walnut and other agricultural products and energy concentrated out of Xinjiang, freight wagons were extremely tense; while highway pportation, the limit increased to increase the highway freight rate after the implementation, and most drivers were unwilling to go out for pportation because of profit reasons.

In the immediate future, enterprises need to replenishment.

Sinop seems to have entered the "bottleneck", and the market has become more enthusiastic, which has led to the "double 11" market.

Zheng cotton sharply fluctuated after the beginning of the regressive rising rhythm.

Recently, the rate of increase has slowed down. We believe that there are two reasons:

Road pport force, "bottleneck loosening".

The driver's resistance caused by the strict "overloading" in the highway department is weakening, and with the end of the short period of warehousing and warehousing, the motor pport is coming.

Pick up.

According to statistics from relevant departments, the volume of road traffic decreased by 44% in the week of 5-11 November, and 12-18 days in November, when Xinjiang cotton highway exported 58 thousand and 500 tons, an increase of 34%, a decrease of 3% compared with the same period last year. Highway pportation has begun to pick up gradually in the coordinated and active efforts of all parties.

Meanwhile, the pport of fruits and chemical products will be reduced at the end of November. With the coordination of relevant departments, the recent railway pportation is expected to increase speed and ease the pressure on cotton production.

The main price is high enough, and the business set is dynamic.

This Monday, the main contract was rushed to 16600 yuan / ton, according to the current "double 28", "double 29" 15700 - 16000 yuan / ton purchase price, the enterprise admission insurance has profits, continue to uplink pressure increase.

This can be seen from the substantial increase in the effective forecast volume of cotton warehouse receipts on the Zhengzhou Mercantile Exchange.

On the international side, the India government has banned the use of large denomination currencies, which will delay the export of cotton. This is also one of the reasons for the recent rise in the US cotton market.

India cotton farmers, accustomed to cash, were forced to delay the sale of seed cotton, causing nearly 1 million bales of cotton to delay exports.

India cotton can not be shipped immediately, which may force buyers to turn to other varieties, such as Brazil cotton and Mei cotton, which will have an impact on international cotton prices.

However, the market is expected to be short-lived, and cotton prices in India will eventually fall because of the high yield of cotton in India.

For China, India Cotton Delayed port and higher international cotton prices will support domestic cotton prices.