At Present, The New Cotton Concentrates On The Market, And Its Wait-And-See Psychology Is Thicker.

Recently, the relevant agencies have adjusted the cost of Xinjiang cotton rail pportation. Since November 1st, 58 - 60 tons of box car freight has been restored to the original price from the previous reduction of 7%.

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During the peak period of railway freight pportation, Xinjiang cotton outbound freight increased by 100 yuan / ton, which is not conducive to the procurement of textile enterprises in the mainland.

In addition, the freight capacity of Xinjiang railway is still tight after the freight rate is increased, and the external pportation volume of Xinjiang cotton is limited. The market expects that the demand for high-grade cotton will increase.

Another reporter has learned that at present, the new cotton production in the US, India and Pakistan is on the market. In the short term, the new supply pressure of the global cotton market is being released centrally, which has greatly suppressed the cotton price.

For domestic cotton downstream textile enterprises, they will also face double extrusion of low price yarn and Xinjiang cotton yarn. Facing the current high cotton prices, the mainland textile enterprises have to watch carefully.

In the short term, the trend of domestic cotton prices will not be clear.

The game and contradictions between the textile enterprises and the textile enterprises are still continuing and strengthening. Finally, the outcome of the two sides' game and how to solve the contradictions will have an important impact on the cotton price trend.

"Since late September, although Zheng cotton fluctuates frequently and has a relatively large margin, it has not gone out of an obvious rise or fall.

In the same period, domestic cotton spot purchase and sale activities were not warm, but cotton prices were also uncertain.

Zhou Dalong, senior researcher of the Ministry of agricultural products of Lu Xian futures department, told futures daily that after the end of the sale of state cotton, the domestic cotton market suddenly fell into the "unconscious state". On the one hand, traders with cotton resources were reluctant to sell cotton easily. On the other hand, downstream demand companies were afraid to purchase easily. The purchase price of new seed cotton and the selling price of new lint were also ups and downs.

Zhou Wenke, research director of the earth futures research and development department, believes that the current domestic spot cotton price is mainly stabilized, but the prices of downstream cotton yarn and other products are still slightly down, and the contradiction between cotton price and cotton yarn price inversion continues to increase.

From the production and operation status of the upper and middle reaches of cotton, upstream cotton ginning factories and traders are buying cotton seeds in advance.

The cost is high, which is not recognized by the current weakening of domestic cotton price oscillation, and has a rather strong desire to sell.

The downstream textile enterprises have a low acceptance of high cotton prices, and many downstream businesses have a strong wait-and-see mentality due to the purchase of a large number of state-owned cotton stores in the early days.

"In the short term, the trend of domestic cotton prices will not be clear, and the game and contradictions between ginning factories, traders and textile enterprises will continue to be strengthened. Ultimately, the outcome of the two sides' game and how to resolve the contradictions will have an important impact on the cotton price trend."

Zhou Wenke said.

According to the reporter's understanding, many textile enterprises can meet the production needs of raw materials from one month to two months, and new cotton is starting to focus on the market. Many downstream cotton enterprises are not eager to purchase. Most of the enterprises are waiting for the cotton price to stabilize before deciding how to make purchasing strategies.

For cotton ginning plants and traders, the weakening of cotton prices makes the cotton with high inventory cost facing the risk of depreciation. However, due to the shortage of domestic cotton market in the new year, the situation of tight supply pattern in domestic cotton market is hard to be reversed. Many cotton ginning mills and traders believe that when the price of cotton is rising or falling, it is uncertain that cotton prices will be temporarily delayed, and that they are willing to wait for the rise of cotton prices before making business decisions.

Zhou Dalong told reporters that although China's cotton planting area has declined over the past year, the total output of cotton in China has been unchanged from last year due to the increase in output per unit area.