Cotton Price Difference Within And Outside The Cotton Market Is Shrinking Again, Cotton Mill Wait-And-See Attitude

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< p > in the first ten days of July, ICE cotton futures and cotton futures in Zhengzhou both fell, and the main contract of the ICE disk fell below 72 cents and 70 cents. The domestic CF1501 futures contract of Zhengzhou dropped to 14500 yuan / ton below. The Qingdao, Shanghai, Zhangjiagang and other port bonded areas outside the port, the United States dollar and the people's quotations fell down. In July 10-11, Zhangjiagang India cotton S-61-5/32, SM1-1/8, West Africa cotton quotations were 16400-16500 yuan / ton, 16700-16800 yuan / ton, and the shipment of the US cotton EMOTSM class offer 87.50-87.60 cents / pound, down nearly 17 cents / pound compared with the first ten days of May, or more than 16.3%.

Some foreign businessmen and importers reflect that not only buyers in China, India, and other Southeast Asian buyers have a short-term "buying up or not buying" mentality, but Bangladesh, Turkey, Mexico and other purchasers are also "watching more and less moving". The spot market paction is still very cold. The few textile enterprises are mainly focused on the recent shipment of SM grade West African cotton, Australian cotton, Brazil cotton shipped in August and a small amount of Uzbekistan cotton, and Thailand, Vietnam and India textile enterprises are relatively active.

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P > since the middle of June, Port Bonded cotton, West African cotton and India cotton are basically in a state of being unsalable. In the 6-7 month, some 2013 of them were shipped and arrived at the port according to contract, and the arrivals of M and SLM cotton continued to increase. The pressure of cotton stocks in the bonded area showed an upward trend. As the textile enterprises and traders stopped the "cold" for Chen cotton, foreign merchants and exporters launched the "special offer" low grade cotton.

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From P to July 10th, the main contract of ICE passed through the "eight Lian Yin" market, which broke through 77 cents, 75 cents, 72 cents and 70 cents mark, and the 68.37 new year low on the 10 day. Although the US cotton export contract and shipment data improved significantly last week, the number of Chinese buyers began to increase by 94% compared with the previous week. Chinese buyers began to place a small order of < a href= "//www.sjfzxm.com/news/index_s.asp" > New Cotton < /a >.

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< p > after the ICE broke 70 cents, there were some cotton < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > enterprises and traders buying slowly into the market, and speculative funds returning to the air too much, but the institutions and cotton merchants had a strong feeling of panic. In the year of 2014/15, the volume of US cotton production increased, and the expected increase in the end of the stock market was strong. In addition, China's spot and futures market fell down on the main force of the ICE. Although the contract slowed down in December, it was in a downward trend, and the bottom line had not yet ended. If the weather, output and China's policies cooperate, the main contract of the ICE is expected to be close to or even below 65 cents.

Judging from the survey, although the current ICE and 10-12 month shipping quotas have fallen to the buyers' psychological expectations (the US cotton grade EMOTSM to 85 cents / pound, India cotton S-6 to below 80 cents / pound), cotton mills choose to "sit on the fence" because of the shortage of general trade cotton import quota in 2014, the domestic cotton price or the "upside down" of cotton prices.

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