Exclusive news from China Cotton Network: This week (August 9-13), Zheng cotton fluctuated and adjusted at a high level, and the pressure at the Wanba mark was obvious, and the market was temporarily In the absence of new speculation events, it is difficult to promote cotton prices to continue to rise sharply. There is still more than a month until new cotton is launched, and the rush to harvest seed cotton is getting stronger. At the same time, the USDA report reduces global cotton production and ending stocks, which also supports cotton prices to a certain extent.
This week’s reserve cotton sales floor price is 16,514 yuan/ton (discounted for standard grade 3128B), down 37 yuan/ton from the previous week. With the short-term adjustment in the cotton market, the reserve cotton auction floor price has slightly adjusted back. However, the price correction has not affected the market’s enthusiasm for reserve cotton, and the transaction rate still remains high. The foreign epidemic situation has worsened, and orders from textile countries such as Vietnam have been transferred domestically, which has increased the demand for raw materials. In addition, the raw materials and finished product inventories of downstream textile companies have remained low. The cotton textile industry is about to usher in the traditional peak production and sales season of the “Golden Nine and Silver Ten”, and companies remain optimistic about the market outlook. Optimistic attitude and high enthusiasm for purchasing raw materials.
This week: data from August 9th to 13th
China’s cotton reserves The Management Co., Ltd. has listed a total of 46,700 tons of cotton reserves, including 32,000 tons of Xinjiang cotton and 14,700 tons of real estate cotton.
From August 9th to 13th, the average transaction price of reserve cotton was 17,464 yuan/ton, an increase of 277 yuan/ton from last week; discounted to standard grade ( 3128) The price is 18,704 yuan/ton, an increase of 276 yuan/ton; the average price increase is 2,190 yuan/ton, an increase of 313 yuan/ton; the highest transaction price is 18,760 yuan/ton, and the lowest price is 17,030 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 17,531 yuan/ton, with an average price increase of 2,348 yuan/ton; the average transaction price of real estate cotton is 17,317 yuan/ton, with an average price increase of 1,844 yuan/ton.
Cumulative: Data rounded out from July 5th to August 13th
China’s reserves Cotton Management Co., Ltd. has listed a total of 285,100 tons of cotton reserves, including 195,100 tons of Xinjiang cotton and 90,000 tons of real estate cotton.
From July 5th to August 13th, the average transaction price of reserve cotton was 16,962 yuan/ton, discounted to the standard grade (3128) price of 18,173 yuan/ton , the highest transaction price was 18,760 yuan/ton, and the lowest price was 15,950 yuan/ton; the average transaction price of Xinjiang cotton was 17,066 yuan/ton, and the average price increase was 2,240 yuan/ton; the average transaction price of real estate cotton was 16,659 yuan/ton, and the average price increase was 1,797 yuan/ton. .
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