Spot Prices Fell Strongly, Real Estate Cotton Prices Lower

The survey report of the China Cotton Institute and the national cotton industry technology system in March 2016 showed that the intention of planting cotton in the whole country decreased by 9.4% in March 2016, a decrease of 12 percentage points over the same period in 2015, and a reduction of 5 million 690 thousand mu to 54 million 980 thousand mu according to the 2015 sown area of 60 million 670 thousand mu (the cotton mill data).

According to the summary of 17 cities in Hubei Province, this year, it is estimated that the total area of spring and summer sown crops in the province will be 65 million 420 thousand mu, an increase of 120 thousand mu over the same period.

Grain plan area is 46 million 850 thousand mu, increase 720 thousand mu, among them rice 33 million 340 thousand mu, increase 510 thousand mu, corn 10 million 420 thousand mu, increase 110 thousand mu; oil area 4 million 430 thousand mu, with last year level; cotton intention area 3 million 620 thousand mu, reduce the 350 thousand and 500 mu than last year.

Due to the end of the 2014/15 fiscal year, the domestic market in India was deserted on Tuesday.

Buyers generally keep their inventories low and buy with them.

But buyers do not want to hoard goods.

This week India S-6

The price of delivery was in 33000 rupee / Kamp, up 850 rupees / camkas last week, 63.24 cents per pound.

Zheng cotton main contract on Wednesday low shock, volume reduced, holdings reduced, at present, Zheng cotton positions close to 945 thousand hands, a decrease of 17 thousand hands.

Today, the main force of zhengmian has gone up sharply, but the overall price is below the settlement price yesterday.

1605 the contract settlement price is 10870 (+40), the 1609 contract settlement price is 10280 (-30), and the 1701 contract settlement price is 10080 (-40).

At present, the warehouse number is 473 (-4), and the effective forecast volume is 400 (-11).

Cotton enterprises in the mainland fell sharply after Xinjiang cotton fell.

Also appeared loose, Shandong real estate 3128 grade cotton price in 10700-11000 yuan / ton, Hubei and other places cotton prices also began to reduce shipment price in 11200-11300 yuan / ton, Xinjiang 3128B cotton to the mainland price in 11700-12000 yuan / ton.

Downstream textile enterprises still hold a wait-and-see attitude before throwing stores, and in the downward trend of cotton prices, textile enterprises do not want to store more goods and maintain very low inventory.

New cotton has been sown in parts of Southern Xinjiang. The cotton planting area in Xinjiang is expected to decrease by 9% this year. The cotton planting data of China Cotton Institute decreased by 9.4% in March. However, under the suppression of huge quantities of national cotton stocks, the impact of reducing cotton planting area is difficult to show.

At present, Jiangsu, Shandong and Hebei are still in the hands of cotton growers in 2015/16, and the price of cotton seed mills is depressed. The purchase price of seed cotton in Shandong has dropped to 2.60-2.80 yuan / Jin.

Short term commodity market volatility is greater, with shocks to deal with ideas, it is recommended that the upper 40 day average line near high warehouse empty.