Cotton Or Seasonal Rebound

Since P August, Zheng cotton far month contract has been collecting the big line, and the center of the main contract has also risen to around 14700 yuan / ton.

On the one hand, on the one hand, after digestion of some long term bad factors, the market began to respond to the stage of supply shortage in cotton market; on the other hand, under the influence of the news of "the national cotton related departments are studying the comprehensive policies and measures to stabilize the cotton market and prevent the market price from falling too much", the low position speculative funds fled panic.

Judging from the fluctuation rhythm of cotton market, cotton prices have rebounded seasonally before new cotton is listed, but the long-term bear market has not ended.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > New Cotton > /a > before large listing, domestic cotton supply is limited < /strong > /p >

< p > according to the news, reserve cotton in 2013/2014 was put into August 31, 2014.

In order to maintain the stability and continuity of the policy, we will not adjust the relevant policies of cotton reserves before the listing of new cotton.

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< p > current domestic cotton market < a href= "//www.sjfzxm.com/news/index_c.asp" > stage /a > supply is mainly throwing cotton and imported cotton.

The end of the national dumping and storage in August 31st meant that before the end of the dumping and storage, the supply of cotton market was in an "out of date" stage before the new cotton market was put on a large scale.

Signs of tight domestic cotton resources have emerged, and the focus of spot talks has shifted significantly. The futures warehouse receipts have been outflowing, and Zheng cotton's September contract has rebounded from 16500 yuan / ton to 17000 yuan / ton.

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< p > in view of the expectation of tight supply after phasing out of storage, textile enterprises have indicated that they will lower the start-up rate, and a small number of spinning enterprises have ordered cotton to meet the needs of stages in the ICE cotton stage of 63 to 67 cents / pounds.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > > New Cotton > /a > listing period. The international market or competitive price reduction phenomenon is less than /strong > /p >

< p > in 2014/2015, the supply of global cotton market will be nearly 2 million 700 thousand tons except China. With the quota of imported cotton being limited and China's imports expected to fall, the major cotton exporters will have to substantially reduce their prices in order to gain market share for importing countries.

Among them, the largest number of cotton exports in the United States and India, and strong competition in the Chinese market.

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< p > the US Department of Agriculture reported in July that the output of cotton in India was reduced to 6 million 100 thousand tons in 2014/2015, mainly due to the slow progress of the cotton growing in the southeast monsoon delayed in India. However, the continuous rainfall in mid July has made the progress of India cotton growing significantly faster.

In addition, due to the delayed monsoon and the higher income in the previous quarter, some of the farmland in India was replanted to cotton.

Therefore, cotton production in India is still more optimistic in 2014/2015.

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< p > the main cotton exporters will have more fierce competition in the export market during the new cotton market in 2014/2015.

In the new cotton market, it is expected that the price of cotton will remain at a low level and may continue to decline.

Due to the narrowing of domestic and foreign cotton prices and the strengthening of the linkage between domestic and foreign markets, the decline in external prices will significantly suppress domestic cotton prices.

Domestic cotton market will continue to decline if it has no obvious support and positive effects.

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