After "sinking" for more than 20 days, Zheng cotton broke up and attracted market attention.

After experiencing a sharp fall in the middle of May, Zheng cotton started a downward oscillation mode since May 16th.

More than half a month's downward adjustment, Zheng cotton in early May rose all over.

However, Zheng cotton will not be willing to be lonely, or will launch a new round of soaring mode recently.

First, the bottom features are very obvious.

After nearly 20 days of decline and consolidation, Zheng cotton has lost all of its recent gains in early May.

Especially during this period, Zheng cotton (CF1709 contract) around the 15500 yuan / ton, oscillating, ready, I believe that for the latter part of the rise has accumulated sufficient strength.

In addition, the recent ICE cotton has also bottomed out.

It is predicted by the industry that although the output of US cotton is increasing this year, the recent export is equally optimistic, which is a strong support for ICE cotton.

Second, the national cotton trade has new characteristics:

1, real estate cotton turnover increased.

This Thursday trading day (June 5-8), real estate cotton turnover were 6444 tons, 6433 tons, 6266 tons, 7777 tons, compared with last week, turnover increased significantly.

The market signal of the rise in real estate cotton turnover is that the ease of supply and demand of cotton has changed quietly.

2, the supply of Xinjiang cotton is insufficient.

Recently, the supply of New Zealand cotton in the spot market is in short supply.

According to the feedback from rap, the newly sold state store Xinjiang cotton has been sold in the spot market, with a price increase of 200-300 yuan / ton, and it will be sold out immediately.

Therefore, we are still keen to shoot Xinjiang cotton.

In addition, since this week,

The number of hanging out continues to decrease, only at 1.2-13 million tons.

On the one hand, the market is craving; on the other hand, it is "hungry selling".

Third, warehouse list cotton is turning to be eager.

At present, Zheng cotton has dropped to 15500 yuan / ton (CF1709 contract), 15200 yuan / ton (CF1707 contract) line, and the difference between the spot price and the spot price has been widened.

According to the feedback from cotton enterprises, because the warehouse cotton is mainly Xinjiang cotton (11, 21 grade), the horse value is C, B, the intensity is 27-28CN, mainly used in spinning high count yarn.

In addition, due to the high rise of the warehouse receipt cotton, the actual spot price and turnover gradually increased.

The market expects that once the warehouse receipt cotton is turned over, it will also be the time for the price to take off again.

Fourth, the structural stress of cotton supply and demand will exist for a long time in 2017.

In 2015 and 2106, cotton production was greatly reduced, and textile enterprises rely heavily on state-owned cotton and cotton.

In 2017, domestic cotton output is still not optimistic. Next year

Cotton still needs to rely on national reserves.

Therefore, the supply and demand tension of high quality cotton in the next year will be difficult to change in the short term.

Because most of the warehouse cotton is Xinjiang cotton and its quality is superior, this is also given.

The reason for the sharp rise.

Therefore, I expect Zheng cotton to rise again in the near future.

With the introduction of the target price subsidy policy in Xinjiang and the increase of cotton planting area, many cotton enterprises in the mainland are still worried about entering the Xinjiang Bao factory. They have visited the city many times, and have learned from the failure lessons of the Xinjiang Bao factory. They screened and screened the processing plants one by one, hoping to play a big role in Xinjiang, believing that the new cotton listed Xinjiang will once again become the focus of the cotton business competition.

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