Reserve Cotton Total Turnover Of 1 Million 60 Thousand And 300 Tons, Crazy Market Soaring

Last week (June 27, 2016 -7 1), China

The management company plans to sell 107 thousand tons of cotton reserves, and the actual turnover is 106 thousand and 990 tons, with a turnover rate of 99.97%.

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As of July 1, 2016, the cumulative output of reserve cotton in 2015/2016 was 1 million 60 thousand and 300 tons, of which 764 thousand and 200 tons were made for domestic cotton and 296 thousand and 100 tons for imported cotton.

During the week, the sales of reserve cotton were reduced by 600 tons compared with the previous week. There was no imported cotton in this week, and the turnover increased by 1 thousand and 400 tons compared with the previous week. The turnover rate was 1.84% higher than that of last week.

Last week, the price of Zhengzhou was rising at an alarming rate. The main contract CF701 rose from 13345 yuan / ton to 14671 yuan / ton during the week. In the 1 day of July, it broke through 15000 yuan / ton line and went to 15400 yuan / ton.

The turnover rate of reserve cotton continued to maintain a high level.

The price is strong, CNcottonB value is maintained at 13000 yuan / ton.

At present, the market is short of emotions, and the amount and volume of late cotton reserves have become the focus of the market.

At present, the growth of cotton is different throughout the country. The cotton growth is generally in the fifth true leaf stage to the budding stage, and a few early cotton are blooming sporadically.

Cotton fields in Xinjiang cotton area have entered the flowering stage, cotton growers have been carrying out cotton topping and growing better; the weather in the Yellow River basin is conducive to cotton production and growing gratifying; the Yangtze River Basin is affected by rainy weather, and cotton grows slowly, and the disaster situation is serious in some areas.

In terms of yarn, the cost of spinning raw materials continues to rise, and the pressure on spinning enterprises is still greater.

Due to seasonal off-season, sales of cotton yarn in some enterprises are still slow.

The recent turnover of air spinning continues to be weak, and the price of high count yarn remains stable.