Cotton Price Index Continues To Rise, Electronic Disk Fall

The price index continued to rise, and spot resources tightened.

The average price of the paction declined, and the time of the round was prolonged.

Sales fell slightly.

1. Domestic cotton market

1, China cotton price index statistics

The average weekly price of China's cotton price index is 15160 yuan / ton, up 546 yuan / ton compared with last week. The average price of 2129B week is 15613 yuan / ton, up 555 yuan / ton compared with last week, and the average price of 2227B week is 14394 yuan / ton, up 668 yuan / ton compared with last week.

2. Domestic market dynamics

In the week of July 25th (-7 29 months), the total output of cotton reserves was 149 thousand and 200 tons, with a total turnover of 148 thousand and 200 tons (94 thousand and 800 tons for textile enterprises and 53 thousand and 400 tons for non textile enterprises), with a turnover rate of 99.33%, with an average paction price of 14812 yuan / ton, a decrease of 451 yuan / ton compared with 15263 yuan / ton last week.

New cotton planting - the temperature of Xinjiang cotton area has risen in a straight line since the last 25 days, the highest temperature in some villages and towns has reached 37 degrees or even about 40 degrees. The influence of high temperature on cotton bud, flower and bell is beginning to appear.

Farmers said that if there was no continuous rain or low temperature in August, the cotton in southern Xinjiang will start picking up in late September. It is estimated that the mill will be concentrated in the middle of October.

Enterprise dynamics -- Xinjiang cotton company has a higher proportion of machinery repair in the middle and upper part of August. (by the end of last 7 months, there were processing workers in the factory overhaul equipment). From the current 2015/16 3128B, Xinzhi cotton spot has risen to 15200-15500 yuan / ton (public settlement, the Inland Bank) in the current year of 2015/16, which is obviously higher than that of the ginning mill. Moreover, the sale of cotton seed to cotton seed is expected to be more than 7 yuan / kg. Even after the end of this year's national cotton mill, there is still about 8000000 tons of reserves, and there is no gap in domestic cotton supply in the year of 2016/17.

Processing volume - as of July 8th, the Xinjiang professional supervision warehouse actually accumulated 3 million 530 thousand tons of lint.

Warehousing volume - as of July 22nd, Xinjiang's professional warehouse has actually accumulated 3 million 340 thousand tons of lint.

Shipment of Xinjiang cotton - from July 22nd to July 28th, 5906.086 tons of cotton pported by the highway through the checkpoint of Mei County, Shaanxi, were reduced by 2103.382 tons compared with last week.

In September 1, 2015 -2016, the total amount of highway verification was 1 million 920 thousand and 300 tons in July 28th.

Zheng cotton futures -- the meeting of the development and Reform Commission held a meeting on the storage of cotton wheels, and hearsay on the proposal of extending the time of the cotton reserves extended by the China Cotton Association, decided that the rotation time of the cotton reserves will be extended for one month, and the specific rules and regulations announcement has not yet been issued, but the market has responded to the delay in the throw and storage.

Two. International cotton market

ICE cotton was affected by the delay in the end of China's dumping and storage, and prices fell sharply.

Last week, the signing of the new cotton contract continued to be active. On the one hand, the end date of the Chinese round of storage was postponed to the bad market. On the other hand, the sales situation of the US cotton market was better than that of many markets, and the trend of ICE cotton concussion in the short term is expected.

Three, yarn Market

The recent market sales have declined slightly, and most of the businesses are mainly based on inquiry.

On the one hand, the market is off season, on the other hand, high temperature, cost and other factors lead to shrinking demand.

The overall volume and price are slightly weaker, and some factories with larger inventory prices have fallen more. Manufacturers generally reflect that the downstream price is not high enough for the current price; the polyester viscose yarn market is stable; the volume of pure polyester yarn has increased slightly; the 30S sales volume of human cotton yarn is better than that of other specifications, and the price is strong.

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Four, macro environment

1, in the first half of the year, signs of economic stability and recovery were obvious, structural contradictions still outstanding.

China's new manufacturing PMI50.6 in July was expected to be 48.8, with a value of 48.6.

The Caixin China Manufacturing Purchasing Managers Index (PMI), released in August 1st, recorded 50.6 in 7, more than 2 percentage points in June, indicating that the manufacturing industry resumed growth, the first increase since February 2015.

This trend deviates from the PMI of the National Bureau of statistics.

According to the National Bureau of statistics, the purchasing managers index (PMI) of China's manufacturing industry in July was 49.9, down 0.1 percentage points from June, and once again fell into the contraction zone.

2. The pilot project of "insurance + futures" launched by Zheng Shang in 2016.

According to Zheng Shang's August 1st news, Zheng Shang issued a notice on the pilot work of "insurance + futures" in 2016.

The Zhengzhou commodity exchange (hereinafter referred to as Zheng Shang) decided to support the pilot work of "insurance + futures" services for "three rural issues".

3, the two quarter of the United States economic growth "derailment" during the year is expected to cool interest rates.

The latest data released by the US last Friday showed that the first quarter of GDP growth in the second quarter was 1.2%, significantly lower than the market expected growth of 2.6%.

The unexpected economic slowdown has raised the market's worries about the economic outlook of the US in the second half of the year, as well as the expected decline in the Fed's rate hike during the year.