Just after the Spring Festival holiday, when we are still aftertaste holiday warmth and festive, the domestic cotton market welcomed the opener, affected by the external market, Zheng cotton main contract rebounded, re-stood on the 15,000 yuan / ton.

During the domestic Spring Festival holiday, the ICE main contract rose from 76.98 cents / lb on February 14 to 80.26 cents / lb on Feb. 21, returning 80 cents, or more than 4%. In ICE bottoming out stimulus, February 22, the main cotton Zhengda opened higher, followed by 15000 yuan / ton mark concussion, the industry believes that the near future will be CF1805 contract rare short-term to see more market.

After the Spring Festival, how will domestic cotton price evolve? Xinjiang: Cotton spot pressure in Judah

February 22, Kuitun machine pick cotton "double 29" (horse 4.8, resurgence 5.7%, miscellaneous 2.2%) Price 16000 yuan / ton, Wusu hand picking cotton "double 30" (horse 4.8, resurgence 8 %, Containing miscellaneous 2.2%) Price 16,000 yuan / ton. Hand picking cotton and cotton pick-up machine prices difficult to distinguish from the price, but a significant decline in low-grade cotton prices in Xinjiang. Low-value Xinjiang Korla hand-picked cotton "double 27" (horse 2.4, 9% resurgence, mixed 7% or so) Price was as low as 13,500 yuan / ton, comparable with the price of real estate cotton. The price of long-staple cotton increased slightly, with the price of 137,138 for long-staple cotton in 2016/17 ranging from 23800-24500 yuan / tonne, but the overall price is still in a fluctuating range.

The existing machines in North Xinjiang are generally better than other indicators of strength and intensity of cotton picking, but higher impurity content, while the water resources in South Xinjiang are good but the fracture strength is low. On the first day after the holiday, the buyer did not ask for much, and there were fewer road transport vehicles. Processing enterprises that have more stocks of cotton but not good indices still face greater sales pressure.

Downstream has not yet fully started, watching the atmosphere thick

February 22, the first day of the year after the market opened, the cotton market wait and see more concentrated, some businesses have not started, part of the tentative offer, and there is no inquiry, Xinjiang 312K / 29 mining machine quoted at 15500- 15,600 yuan / ton gross weight or so, and the market response, the current downstream plant more reserves before the holiday mill, but immediately left in March thrown, waiting for the situation.

According to the findings of the February survey, only 21% of textile enterprises in the post-holiday rush to replenish their stocks, and 45% of the enterprises' stocks basically maintained their reserve cotton output on March 12. However, the textile enterprises said that the reserve cotton round is still closely followed by the spot price changes, once the quality and cheap cotton, will purchase on demand. Taking into account the futures prices have room for growth, some textile enterprises will need to purchase, is expected to spring after the Spring Festival cotton stock will usher in a wave of rising market, low-grade cotton or should take the opportunity to pocket security.