Textile Enterprises Under The Pressure Of Financial Pressure Cotton Yarn Sales Sluggish

New cotton borrowed momentum and increased inertia and a small number of urgent replenishment stores in the territory. It miscalculated the demand and made a deep dip in the market. After looking back, we could not see the cotton mill's follow up. When the price of cotton seed purchase and lint sale decreased significantly, the domestic and foreign futures fell.

The spot market presents a stalemate of "buyers unwilling to buy and cotton ginning factories reluctant to sell".

Increase in output, China

This has led to a decrease in imports and a decline in peripheral products. This week, it is expected to decline in inertia and seek support for the low point.

Futures.

New cotton is listed on a large scale, but there are still a lot of cheap cotton to be digested, new cotton sales are blocked, and many of them are afraid to exert their strength. Once the price reaches the warehouse receipt cost line, it is bound to lift the sedan chair for the insured passengers, futures are in stock, there is no support for the warehouse receipt, and the short sale is weak.

Zheng cotton main force CF1701 closed on 14840 yuan / ton last Friday, the week fell 220 yuan / ton, traded 2356842 hands, increased 252828 hand, the increase 12%, holds 359158 hands, reduces 26534 hands, reduces 6.9%, the market direction is unknown, the turnover increases, some funds leave the field to wait and see, the position reduces.

As of October 21st closing, the top 20 seats, more than 143968 single hand, 3112 less than the previous week, 172469 empty hands, 11546 less than the previous week, 28501 hands empty, 8434 hands less than the previous week, the bears have weakened.

In the holding warehouse, buying a warehouse is 0 hands, selling 4643 guarantees, and reducing 880 hands per week.

As of October 21st, 675 registered warehouse receipts, 62 weekly reductions, 190 effective forecasts and 12 weekly reductions. Spot premium is not conducive to new cotton registered warehouse receipts.

This week, the technology will test the support of the two EMA of 40 and 60 days. The drop in spot will form pressure on the disk and pay attention to whether it will form a period or decline.

On the spot.

Because

Rising too fast, too much, and a large gap with the large number of existing cotton reserves in the market, prices have approached or exceeded the spot clearance spot cotton, Australia cotton, sales are blocked.

According to the national cotton market monitoring system statistics, as of October 21st, the sales rate of new cotton was only 6.4%, and some enterprises were forced to cut down sales under the pressure of funds. As of last weekend, the mainstream warehouse picking cotton of Xinjiang regulatory library had been reduced from 16300-16500 yuan / ton to 15600-15800 yuan / ton.

It has decreased from 15800-16200 yuan / ton to 14800-15500 yuan / ton.

With the further decline of prices, the cotton mill's stock of Chen cotton is also gradually decreasing, which needs to be gradually replenishment. This week, the new cotton trade is expected to gradually increase. The price of the regiment is expected to be clear this week and has a great impact on the market. It is estimated that the price of the new inland cotton will be stabilized after 15000-15500 yuan / ton.

The long staple cotton was driven by the rising of fine staple cotton in the early stage, and the price was relatively high. The acquisition cost was generally 20500-20800 yuan / ton, because the cotton in the mainland still had more stock and the price was more than 21000 yuan / ton, so the sale of new cotton was difficult to improve in the short term unless the price was changed.

Acquisition of new cotton.

According to statistics, the picking rate of new cotton has been finished 63.8%, processing 53.5%, sales 6.45%, and public inspection 786 thousand tons, of which 768 thousand tons in Xinjiang.

As the purchase of new cotton was blocked, the purchase price of seed cotton also showed a marked decline. Hand picked cotton generally fell to 7.3-7.4 yuan / kg, and machine production generally dropped to 6.4-6.5 yuan / kg.

The quality of new cotton is obviously better than that of last year, especially the length, strength and "three silk" situation. It is understood that all processing enterprises also attach great importance to it.