Zheng Cotton Kept Basically The Same Trend, Or Significantly Lower Than The United States Cotton.

The International Cotton Advisory Committee (ICAC) released the global demand forecast report in January 2017. It is estimated that the global cotton output in 2016/17 is expected to grow by 8% to 22 million 800 thousand tons, which will bring pressure on cotton prices in the second half of the year.

The price of cottonseed and cotton has declined substantially in recent years, and the cost of cotton lint continues to rise. Some enterprises are expanding their production and sales upside down, while global commodities are still in a rebound cycle.

ICAC forecasts that the world's major cotton producing countries except China

The yield increased greatly.

Among them, India's output is expected to grow by 4%, close to 6 million tons, the US output increased by 28% to 3 million 600 thousand tons, Pakistan's output increased by 20% to 1 million 800 thousand tons, Brazil's output in the southern hemisphere is expected to grow 10% to 1 million 400 thousand tons, and Australia's output is expected to grow 64% to 1 million tons.

Because both countries are big exporters of cotton, cotton production will have a certain pressure on cotton prices in the late and early next year.

This report has a negative impact on the market. If the global cotton price goes into a downward channel after the year, it is bound to exert great pressure on the price of the cotton reserve in 2017.

According to the previous price set rules, reserve cotton price 50%, referring to Caunt Luke index, 50% referring to domestic cotton prices, domestic cotton prices will also bear great pressure in 2017.

At present, the price of zhengmian plate keeps a trend of fluctuation, and the support at the top and bottom is larger. If there is no strong momentum in the short term, it will continue to maintain this trend.

After all, near the end of the year, the downstream textile enterprises also enter the off-season production.

Not very big.

In particular, with the impending date of the coming out date of the reserve cotton, enterprises generally adopt the strategy of buying and using.

At present, the views of market analysts are also inconsistent. Due to the fact that the profits and losses are all equal, the two sides have not shown absolute superiority. Therefore, Zheng cotton disk continues to maintain the status quo, and has not become strong as the price of cotton continues to rise.

In the past week, New York ICE futures rose from the lowest 68.58 cents / pound to the highest 72.20 cents / pound, or nearly 5.3%.

In the same period, although Zheng cotton kept basically the same trend curve, but the increase was significantly lower than the US cotton.

Recent cotton mill sales progress accelerated, many cotton enterprises in the territory have been deserted, Xinjiang cotton spot price is weak trend, South Xinjiang platform "double 28" hand picking cotton wool price quotation fell to 15200-15400 yuan / ton, North Xinjiang "double 29/ double 30" cotton picking price quotas fell to 15500-15600 yuan / ton left and right, the mainland lint quotation has also been reduced in recent days, Shandong spot 3128 grade real estate cotton output price 15400-15500 yuan / ton.

The price of lint is down, and the enthusiasm of purchasing enterprises is generally considered. In March next year, the government began to throw away stores.

December is the peak period for the import of foreign cotton. It is estimated that the import volume will be more than ten million tons in December. In addition, Xinjiang cotton is expected to pport 477 thousand tons in December, plus real estate cotton.

Spot prices are easy to fall and difficult to rise.

In March of next year, we will start throwing stores. On the one hand, there will be pressure on the market in terms of supply. On the other hand, the reserve price will be taken as the base price of the cotton price difference between inside and outside cotton. When the lower cotton price will lower the average price of the market, the reserve cotton will also have a certain pressure on the cotton price in the future market.

But in the short term, the price of American cotton and India cotton will rise, which will have a certain impact on the trend of international cotton prices. It is suggested that we should wait and see first and wait until the rebound is in place.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.