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Cotton Spot Market Remains Hidden

2008/11/22 0:00:00 10250

Cotton

On the 21 day, the domestic cotton spot market was mainly stable, and the actual paction price rebounded slightly in some provinces. However, after a rise in price, the price of the cotton spot was slightly lower than that of the market. As the new cotton market is still at its peak, and the textile downstream demand is light, most of the enterprises insist on buying and buying with them, and the raw material inventory remains low.

China's cotton price index (CC index 328 level) was 10436 yuan / ton, up 41 yuan from yesterday. CC index 229 level was 10943 yuan / ton, up 26 yuan; CC index 527 level 9716 yuan / ton, up 7 yuan.

According to the acquisition market survey, after two weeks of practice and exploration, this week, the 400 type cotton processing enterprises in mainland China have increased their operational experience in preparing for the storage of resources, and their confidence has been increasing day by day.

With the support of the buyout market, the lint market has steadily increased.

At present, most of the acquisition processing enterprises are in hot pursuit, but at the same time, there are some hidden dangers in the market.

The first is the imbalance between the processing capacity of the 400 type cotton enterprises in the mainland and the limited receiving reserves, because the processing cost of the 400 type enterprises is much higher than that of the small cotton ginning enterprises. When the storage and purchase is completed, the problem of the flow of the remaining resources is worth pondering. Two, due to the slight improvement of the market recently, some cotton farmers are once again reluctant to sell the mentality, while most of the cotton mills are concentrating on the acquisition, and the risk control consciousness of the follow-up market has eased. Three, most of the Xinjiang enterprises are busy with storage, on the one hand, the prices remain high; on the other hand, they neglect the direct sales of pportation and textile enterprises, and the pressure of pportation and sales pressure can not be ignored at the later stage.

Therefore, we should remind cotton enterprises to fully analyze all kinds of possibilities and prepare for the possible risks ahead.

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