Long Staple Cotton Market Steady, The Main Body "Riot"

Taking a look at the two markets in Xinjiang and the mainland, there is an uneasy feeling in the field of long staple cotton. Many people ask 1 questions: after 7 or 8 months of rising, will long staple cotton fail?

First, seed cotton prices are stable, and individual cotton enterprises are buying sporadically.

As of May 20th, Awati, Akesu, still can see individual cotton enterprises to buy long staple cotton, but no farmers have personally sold to the manufacturers, mainly after the brokers sold to cotton enterprises after street purchase, to the factory price 8.00-8.50 yuan / kg (lint 32.5%, moisture regain 10%).

A person in charge of cotton business said that although only 200-300 catties had been collected in the 1 days, there would be a large number of accumulated grain. This year, the purchase of long staple cotton seed cotton will continue to the first half of June.

The sale of cotton growers has been over 95%, and it is estimated that the late sale is only low grade and inferior cotton.

But some cotton companies that continue to buy say: mosquitoes are small but meat.

Cotton is endless and acquisitions are endless.

Two, the sales progress of the ginning plant is general.

Since May, long staple cotton has been gradually "cooling down". First, the upward trend of prices is blocked, and then the sale of "cattle to bear".

In May 20th, a manufacturer in Akesu said that the 137 day factory price was 28200 yuan / ton (public inspection, tax included), 237 level 27300-27400 yuan / ton, 337 level 26200 yuan / ton, unchanged from yesterday.

"The root is the discovery is not selling, everyone mentality is quietly changing."

The manufacturers said they had 2300 tons of inventory and 150 tons in the last 1 weeks.

Now cotton enterprises face 2 difficult problems: 1, before the end of June, bank loans need to be "double knot zero", the pressure of repayment is already like the shadow, the enterprises are breathless. 2, unlike the 3 and April, mainland textile enterprises rarely purchase in May, and cotton enterprises sell their stocks to the mainland first.

Certain position

The boss said with emotion, after the Spring Festival this year, everyone was busy with "hoarding not to sell". Now it seems that it is "lifting a rock to hit one's own foot".

Three, the mainland is also suffering from "labor pains".

Long staple cotton in Shandong, Hebei, Jiangsu and other places

Overall smooth, but sporadic trading.

May 20th Shandong Ji'nan warehouse 137 grade a long staple cotton out of the warehouse price of 28400-28500 yuan / ton, 237 level 27400 yuan / ton, unchanged from yesterday, compared with the beginning of this month fell 300 yuan / ton.

Some people say,

Eventually failed to break through the 29000 yuan / tonne strong pressure level, will it enter the fall channel later?

Market fears are not unreasonable: 1, speculation and speculation continue to heat up.

If we start throwing and storing, will domestic cotton go up or down? According to the throwing habit in recent years, the national dumping will inevitably lead to a fall in cotton prices.

There are still some market participants who believe that the price of cotton will rise.

The dispute is endless and the parties are puzzled.

2, the recent ICE cotton uplink channel, the main force is still in the range of 62-65 cents / pound, indicating the optimism of foreign cotton; 3, China's main port, the United States and cotton concentrates to Hong Kong, and the price has dropped. As of May 20th, the clearing price of C/ASM1-1/8, EMOT21-3-36 and EMOT31-3-36 was concentrated at 15700 yuan / ton, 15600 yuan / ton, 15400 yuan / ton, down 200 yuan / ton compared with earlier this month.