New Trend Of Cotton Market: Next Week Cotton Concentrate To Port.

< p > < a href= > //www.sjfzxm.com > Mei cotton < /a > continues to rise. Overnight, the US cotton went up and down, breaking 76 cents in the March contract, falling back at the end of the session, and settling 75.95 cents, up 10 points. With the active financial cliff negotiations, U.S. stocks closed higher on Tuesday and the Dow closed at its highest level in two months. < /p >
< p > in the first half of December, the new loans of the four largest banks were less than 79 billion. Authoritative sources said that as of December 16th, workers and peasants in the construction of the four major banks in the month of new loans less than 79 billion yuan, and at the end of the year, the deposit return banking system trend is obvious, four big 16 days before the new deposit more than 100 billion yuan. According to the practice of nearly three years, the year-end busy project reserve work and planned credit sprint linkage of Chinese banks will bring about an equal increase in the amount of deposits or loans in December. In the first 11 months, the Chinese banking system has put up 7 trillion and 720 billion of the new loans. If there is no accident, the new loans will exceed 8 trillion and 200 billion throughout the year, and will create second high value in history. < /p >
< p > 5 million 280 thousand tons of cotton tested nationwide. As of December 16th, the total cotton inspection in the country was 5 million 277 thousand tons, an increase of 53.6% over the same period, of which 3 million 666 thousand tons were tested in Xinjiang and 1 million 611 thousand tons in the mainland provinces. The volume of inspection in Xinjiang accounts for about 69.5% of the national inspection volume, an increase of 40% over the previous year, of which 2 million 318 thousand tons were tested in Xinjiang and 1 million 348 thousand tons in the Corps. Because this year is the second year of open acquisition, in the light of the spot market downturn, enterprises are fully committed to storage, resulting in the continuous increase in the volume of public inspection, while the quality of Xinjiang cotton is better. Most of them meet the storage standards, and the processing cost is lower than that of the mainland. Therefore, the number of public inspection within the territory has increased significantly. From this data, the output of Xinjiang should be between 380-400 tons and the proportion of cotton production in the whole country is increasing. < /p >
< p > cotton will be concentrated in Hong Kong next week. At present, there are not many stocks in Qingdao, and cotton stocks outside the port are up to 100 thousand tons. Traders and warehouses reflected that from December 20th onwards, the number of cotton to Hong Kong will increase substantially, and next week will be concentrated in the port. The main cotton producers will be India cotton, American cotton, South American and African cotton, and some European cotton. At present, the price of India cotton in Qingdao port is above 19000. It is estimated that the amount of cotton clearance in Hong Kong is relatively large. In addition to using the remaining quotas this year, 40% customs clearance is also used. Due to the large quantity of cotton exported to Hong Kong in December, traders said that the goods would arrive at the end of January to avoid slow delivery. A company adds clauses to the contract, for example, if the policy abolish the 40% customs clearance, the contract will be cancelled automatically. < /p >
< p > enterprises vigorously purchase, spot rise. Hebei Hengshui enterprises reflect that cotton farmers are reluctant to sell because of the increased purchasing power of cotton enterprises. Weak 3 level 4.20 yuan / jin (36% lint, moisture regain 10%), 4 level 4.08 yuan / Jin, 5 or more flowers 3.65 yuan / Jin, up from yesterday 0.02 yuan / Jin. The main price of cottonseed is 1.19-1.2 yuan / Jin. According to the loss 2%, processing cost 600 yuan / ton conversion, 327 grade lint cost 19800 yuan / ton, 427 level 19150 yuan / ton, cotton seed rise makes processing cost reduced 400-500 yuan / ton, storage and storage profit also can reach 500-600 yuan / ton. Spot continued to rise, the 4 class real estate no big bag cotton quotes 19200 yuan / ton, weak 4 level 18900 yuan / ton, 5 level 17200 yuan / ton, up 100 yuan / ton compared with yesterday. India cotton mainstream offer 19200-19300 yuan / ton, 3 grade Xinjiang cotton 20200 yuan / ton. < /p >
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< p > North Xinjiang generally stopped collecting, and spinning enterprises suffered more losses. Xinjiang, Northern Xinjiang, Kuitun, Wusu and other processing enterprises have stopped buying, cotton farmers have few cotton reserves, and buying and selling is coming to an end. Kuitun, Wusu and other areas have very few daily turnover, the offer is 8.0-8.3 yuan / kg, the lint percentage is around 40%, down 0.2 yuan / kg compared with last week. Cottonseed price 1.75-1.78 yuan / kg, basically stable. Within the territory, < a href= "//www.sjfzxm.com/" target= "_blank" > textile > /a > enterprises generally lose money, and the starting rate is about 60%. Local enterprises stock in 20-30 days, mainly in Xinjiang cotton. < /p >
< p > storage and storage of 4 million 350 thousand tons. On the 18 day, it planned to close and store 83920 tons, with a turnover of 40140 tons. Within the plan, 18000 tons of storage and 18000 tons were disposed of, and the inland Treasury planned to close and store 65920 tons, which amounted to 22140 tons. Storage and storage totaled 4345550 tons, and Xinjiang totaled 2113920 tons. The total turnover in the mainland was 1378500 tons, and the total number of backbone enterprises totaled 853130 tons. The price of yarn has been dropped by enterprises. The price of Shandong cotton yarn has been maintained, the actual focus has been dropped, yarn stock is relatively high, manufacturers actively withdraw funds before the end of the year, and cotton fabrics are slightly sold, but there are not many bulk transactions. The price of Weifang all cotton yarn is stable. The price of 32S spinning is 28000 yuan / ton, 26S price is 27500 yuan / ton, 20S price is 27000 yuan / ton, shipment is acceptable. The overall market of China's grey fabric market is weak, and its price is stable and weak. The price of individual varieties is relatively strong due to the lack of production and market shortage. {page_break} < /p >
< p > ZHENG cotton goes higher and lower and draws back. On the 19 day, Zheng cotton went down and left, and the daily line did not break the 10 day moving average. On the 17 day, the gap on the gap was supported. < /p >
< p > zhengmian 1301 closed at 20700, rose 45 points, 1305 contracts closed at 19285, down 55 points. The total turnover was 75 thousand and 400 hands on the same day, 26 thousand and 100 fewer than the previous trading day, and 11 thousand and 900 hands in 297 thousand positions. < /p >
P > 19 days, 05 and 01 contract price difference reached -1395 yuan / ton, and the 18 day was -1300 yuan / ton. < /p >
< p > 09 and 01 contracts are also negative spreads, 19 days for -245 yuan / ton, 18 days for -290 yuan / ton. < /p >
< p > 19, the difference between futures price fixing and price fixing remained at 1241 yuan / ton, 18 yuan at 1196 yuan / ton. < /p >
< p > up to December 19th, the number of warehouse warehouse receipts was 507 (20280 tons), 13 more than the previous day, and the effective forecast was 74, with a decrease of 23. < /p >
< p > spot stable, < a href= "//www.sjfzxm.com/news/index_c.asp" > spinning enterprise < /a > a small amount of replenishment. From the port understanding, next week cotton will be concentrated to Hong Kong, because the buyer will adopt a full tariff way customs clearance, the expected volume of clearance will be larger. From a fundamental perspective, global cotton supply exceeds demand, domestic cotton stocks are at historically high levels and the downstream is weakening. However, because of the serious policy interference, the state has sold and sold at a low price, which has smoothed the market volatility. Due to the huge resources of the State Reserve, it is inevitable to throw the reserve this year. The price, quantity and rhythm of dumping will affect the market. There is no definite news at present. The industry generally speculate that it will take the way of throwing storage plus sending quotas. Wait until the policy is unclear. < /p >