Textile Enterprises To Buy Warehouse Receipts Enthusiasm Decline In The Cotton Market Can Still Choose More Resources

According to the announcement issued by the national development and Reform Commission and the Ministry of Finance on the arrangements for the rotation of cotton reserves in the state (Ninth 2016), the formula for calculating the selling base price of cotton reserves was issued. In 2016/2017, the reserve cotton rotation took place for eighteenth weeks (3-7 days in July), and the reserve price for the cotton reserve was 15167 yuan / ton, up 30 yuan / ton compared with seventeenth weeks. Cangzhou and its surrounding areas, "double 28" Xinjiang hand picked cotton price is 16300 yuan / ton (gross weight, including tax, self mention), the price is stable; "double 30" Xinjiang hand picked cotton price 16800 yuan / ton.

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India: according to the May 31st forecast of India Cotton Association (CAI), the lint yield of India in 2016/17 was 33 million 625 thousand packs, which was forecasted from the previous month. It is predicted that the consumption will be adjusted to 30 million 500 thousand packages, the total annual supply will be 40 million 625 thousand packages, the export volume should be excluded and the remaining 10 million 125 thousand packages. Thursday India S-6 ginning factory continued to maintain 43100 rupees / candi, Punjab J-34 was also stable, 4600 rupees / mod De, a discount of 85.30 cents / pound, 86.70 cents / pound.

Australia: Australia exported 21 thousand and 600 tons of cotton in April, a decrease of 10.98% compared to the same period last year, mainly exported to Bangladesh 6232 tons, an increase of 73.3% compared with the same period last year. China's 6203 tons, an increase of 26.58% over the same period last year; 2924 tons in Indonesia, a decrease of 33.28% over the same period last year; 2546 tons in Vietnam, an increase of 487.59% over the same period last year; 2025 tons in India, a decrease of 33.28% over the same period last year. In 1-4, Australia exported 49 thousand and 100 tons of cotton, a decrease of 40.86% compared with the same period last year, including 16 thousand and 100 tons of cotton exports to China, a decrease of 11.24% over the same period last year, 8792 tons in Indonesia, a decrease of 49.9% over the same period last year, 8711 tons in Bangladesh, a decrease of 8.49% over the same period last year, and 5159 tons in Vietnam, representing a decrease of 8711 over the same period last year.

Us: according to the report issued by the US Department of agriculture in June 30th, the sown area of US cotton in 2017 was 12 million 50 thousand acres, an increase of 20% over the same period last year. The area of upland cotton is 11 million 800 thousand acres, an increase of 19%. Pima cotton The area is 252 thousand acres, an increase of 30%. The market is expected to have a 12 million 280 thousand acre area in the United States.

Prospect

The reserve price of cotton reserves in the first week of 2016/17 is 15167 yuan / ton (standard class price), which is 30 yuan / ton higher than last week's price. Although the value added tax of imported cotton has been reduced from 11% to 11% since July 1st, the new value-added tax rate has not been adopted this week. Today, the total output of cotton reserves is 29 thousand and 600 tons, of which 10 thousand tons are listed on Xinjiang cotton. Xinjiang cotton The listing volume basically maintained at around 10 thousand tons, and the cotton turnover rate reached 74% in the morning.

Recently, the flow rate of warehouse receipts has slowed down, and the enthusiasm of textile enterprises to purchase warehouse receipts has decreased. At present, a large number of high rise water and low strength cotton warehouse receipts have attracted less interest in textile enterprises. On the whole, there are still more resources to choose from the cotton market, and the warehouse receipts are still at a high level, while the downstream consumption is in the off-season. Today, the actual sown area of the US cotton released by the USDA is lower than the market expectations, affecting the price of zhengmian, but the market is expected to return to the fundamentals after the end of the report. It is suggested that we should consider the empty warehouse list and pay attention to the trend of cotton trade.

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