Recently, there have been major changes in the market, and the futures and spot price trends have become divergent. On the one hand, the price of Xinjiang seed cotton has increased at the open scale, while on the other hand, futures prices have continued to fall back. The market originally hoped that the rush to harvest seed cotton would drive futures prices to continue to rise, but unfortunately it ended up falling. What is the logic behind it?
According to Zhejiang trading companies, the current open-scale price of hand-picked cotton in Xinjiang has reached 11 yuan/kg (cotton). If the cotton seed price is 3.6 yuan/kg, it seems that the cost of lint is still It is not unattainable. The biggest problem is that cottonseed prices tend to lag behind. Once cottonseed prices fall back in the later period, the cost of lint will inevitably increase, and the probability of such a risk is very high. After all, the oil market price has hit a record high this year. Expectations for a turnaround in the market outlook are strong. According to past experience, before new cotton comes on the market, the supply of cottonseed decreases and prices remain strong. After a large amount of new cotton comes on the market, as cottonseed processing and supply increase, prices tend to fall. Therefore, the current price of cottonseed of 3.6 yuan/kg cannot be effectively supported in the long term.
The company said that at the time when Xinjiang cotton is on the market, the price of Zheng cotton has been adjusted continuously, which can cool down the market, which is very beneficial to the development of the industry. If the price of Xinjiang seed cotton is too high, It is not conducive to the healthy development of the entire cotton spinning industry chain. Affected by the rising prices of cotton raw materials, downstream enterprises have encountered some difficulties in production and operation, and the price transmission of cotton yarn and cloth has encountered strong resistance. During the decline in cotton prices in Zhengzhou, cotton yarn prices also experienced a correction, and the correction was even greater than that of cotton. As a result, the price difference of floral yarns continued to shrink, and corporate profits were compressed.
During the research process, the reporter learned that the overall cotton spinning market situation this year is special. The off-season is not weak and the peak season is not obvious. At present, the enthusiasm of enterprises to accept orders is low, and the price and quantity of foreign transfer orders have both dropped. Affected by the sharp increase in global shipping prices, foreign customers can only reduce the price of textile and clothing orders, otherwise end consumers will not be able to afford it. Faced with this situation, combined with the impact of the recent power cut policy, the enthusiasm of enterprises to produce and receive orders has declined. </p
