Product name opening price closing price yesterday
Cotton Main Force 19625 19535
Cotton 220 1 20740 20675
Cotton 2203 19935 19850
Cotton 2205 19625 19535
Cotton 22071941519355
Expansive material:
(1) Since the third quarter, with the continuous recovery of lint consumption in the market, domestic cotton prices have basically shown a strong upward trend. As of September 30, the main closing price of cotton futures was 12795 yuan/ton, up by 780 yuan/ton compared with the same period of last year, up by 6.5% year-on-year; As the weather vane of spot market price, Zheng Mian futures price has the same trend. The data shows that up to now, the domestic cotton price in Xinjiang is 3 128 12900- 13000 yuan/ton, which is basically the same as last year.
(2) The rising price of seed cotton supports the processing cost:
According to tracking, with the opening of scales in the new year in September, the purchase price of seed cotton generally showed a high opening trend. As of September 30th, the price of machine-picked seed cotton in northern Xinjiang was 5.6-5.8 yuan/kg (40% lint percentage), slightly higher than that in the same period last year, while the price of hand-picked seed cotton in southern Xinjiang was 6.3-6.5 yuan/kg (40% lint percentage), slightly higher than that in the same period last year. One of the main reasons is that the ginning plant has increased its production line and processing capacity this year, while the output of new cotton is basically stable and the market is in short supply. Second, the new cotton has not been listed, the supply of seed cotton is insufficient, and the phenomenon of cotton ginning factory rushing to harvest is spreading. At present, the processing cost of machine cotton picking in northern Xinjiang is 13200 yuan/ton, and that of hand cotton picking in southern Xinjiang is about 13700 yuan/ton. At present, the disk is upside down, but with the support of lint cost, there is not much room for the disk to fall.
(3) Supply situation:
At present, the pattern of oversupply in the domestic cotton market is normal, and macro news has a great influence on the trend of cotton futures prices. On the negative side: The epidemic situation in Europe and America is likely to continue to spread recently, and foreign export orders continue to be blocked. However, the possibility of a second epidemic in autumn and winter in China cannot be underestimated, and the market worries have not disappeared. In terms of lido, up to now, the auction of national cotton reserves has basically ended in 2020. According to statistics, the national cotton storage inventory is only about10.5 million tons, which is lower than the warning line. According to the release of relevant state agencies, if there are major changes in the cotton market at home and abroad, the State Grain and Material Reserve Bureau will make necessary adjustments to the rotation arrangement with the National Development and Reform Commission and the Ministry of Finance according to the needs of market regulation, so the possibility of purchasing and storing in the new year is not ruled out.
To sum up, driven by the traditional downstream demand in Jin Jiu, the cotton market is slightly better, and the current price fluctuates strongly. After the two festivals, a large number of new cotton will be listed soon, and the market supply is loose. However, supported by the traditional peak season and lint processing cost, it is unlikely that cotton prices will rise or fall sharply. Macroscopically, pay attention to the US presidential election, the development of global epidemic in autumn and winter, and the news of domestic purchasing and storage, and advise market participants to size up the situation and not blindly gamble on the acquisition of new cotton in the market.
Today's cotton futures price inquiry (202 1 12.07)
Product name opening price closing price yesterday
Cotton Main Force 19625 19535
Cotton 220 1 20740 20675
Cotton 2203 19935 19850
Cotton 2205 19625 19535
Cotton 22071941519355
Expansive material:
(1) Since the third quarter, with the continuous recovery of lint consumption in the market, domestic cotton prices have basically shown a strong upward trend. As of September 30, the main closing price of cotton futures was 12795 yuan/ton, up by 780 yuan/ton compared with the same period of last year, up by 6.5% year-on-year; As the weather vane of spot market price, Zheng Mian futures price has the same trend. The data shows that up to now, the domestic cotton price in Xinjiang is 3 128 12900- 13000 yuan/ton, which is basically the same as last year.
(2) The rising price of seed cotton supports the processing cost:
According to tracking, with the opening of scales in the new year in September, the purchase price of seed cotton generally showed a high opening trend. As of September 30th, the price of machine-picked seed cotton in northern Xinjiang was 5.6-5.8 yuan/kg (40% lint percentage), slightly higher than that in the same period last year, while the price of hand-picked seed cotton in southern Xinjiang was 6.3-6.5 yuan/kg (40% lint percentage), slightly higher than that in the same period last year. One of the main reasons is that the ginning plant has increased its production line and processing capacity this year, while the output of new cotton is basically stable and the market is in short supply. Second, the new cotton has not been listed, the supply of seed cotton is insufficient, and the phenomenon of cotton ginning factory rushing to harvest is spreading. At present, the processing cost of machine cotton picking in northern Xinjiang is 13200 yuan/ton, and that of hand cotton picking in southern Xinjiang is about 13700 yuan/ton. At present, the disk is upside down, but with the support of lint cost, there is not much room for the disk to fall.
(3) Supply situation:
At present, the pattern of oversupply in the domestic cotton market is normal, and macro news has a great influence on the trend of cotton futures prices. On the negative side: The epidemic situation in Europe and America is likely to continue to spread recently, and foreign export orders continue to be blocked. However, the possibility of a second epidemic in autumn and winter in China cannot be underestimated, and the market worries have not disappeared. In terms of lido, up to now, the auction of national cotton reserves has basically ended in 2020. According to statistics, the national cotton storage inventory is only about10.5 million tons, which is lower than the warning line. According to the release of relevant state agencies, if there are major changes in the cotton market at home and abroad, the State Grain and Material Reserve Bureau will make necessary adjustments to the rotation arrangement with the National Development and Reform Commission and the Ministry of Finance according to the needs of market regulation, so the possibility of purchasing and storing in the new year is not ruled out.
To sum up, driven by the traditional downstream demand in Jin Jiu, the cotton market is slightly better, and the current price fluctuates strongly. After the two festivals, a large number of new cotton will be listed soon, and the market supply is loose. However, supported by the traditional peak season and lint processing cost, it is unlikely that cotton prices will rise or fall sharply. Macroscopically, pay attention to the US presidential election, the development of global epidemic in autumn and winter, and the news of domestic purchasing and storage, and advise market participants to size up the situation and not blindly gamble on the acquisition of new cotton in the market.