Under The Policy Support, Zheng Cotton Is Strong And Weak.

Recently, Wang Jianhong, Deputy Secretary General of the China Cotton Association, said at the 2014 Zhengzhou agricultural products (cotton) futures forum that in September 2014 - March 2015, the national cotton store would be stopped. Unless the market was in short supply, the market would not be released.

This year's cotton production of 6 million 600 thousand tons, plus 894 thousand tons of quotas, is a total of 7 million 500 thousand tons of supply, enough to meet domestic consumption from now until next March, so during this period, the possibility of national cotton storage is less likely.

Whether or not to throw the store after March?

There are about 11000000 tons of stock in the national reservoir, partly due to a long storage time and a serious decline in the grade. If we do not throw it again, the pressure of the relevant departments will be very great.

Once the huge inventory is listed, the domestic cotton price rise will be very heavy.

From a fundamental point of view, the contract in recent months is significantly stronger than the far month contract.

In addition, 9 to November is the target price.

During this period, if domestic cotton prices fall sharply, the subsidy will be further increased, which will certainly increase the financial pressure of the state.

In short, the whole world

Stock continues to rise; the future sales of the United States cotton are not optimistic because of the decrease in China's imports; the increase in production in India is in urgent need of the sale market, which will compete with the United States cotton.

Post market International

It is difficult to shake off the weak pattern.

Although the supply of cotton contracts in recent months has been tight, the supply of new cotton has gradually increased, and the space for the rise in recent months has been limited.

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Some pet manufacturers have increased the price of PET staple due to the rising cost.

Affected by the rising cost, the early Jiangsu polyester and short factory quoted the lead in raising 100 yuan. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market reported 8200-8300 yuan / ton out of the factory, the negotiation space narrowed, the downstream market replenishment increased, the turnover was better.

Jiangsu and Zhejiang, the short price increase driven by the Shandong and Hebei market to reduce the supply of short and low prices, some of the offer small exploratory increase, 1.4D direct spinning polyester short mainstream newspaper 8300-8400 yuan / ton to the downstream, there are more moderate replenishment of the market.

In the early days, the Fujian market was dominated by short staple prices, and the factory quotations increased by 50-100 yuan / ton in the afternoon, and the supply of low priced goods was reduced. The mainstream of 1.4D direct spinning polyester and short market reported 8100-8200 yuan / ton short delivery, and the overall turnover was obvious.

Some manufacturers have big single low price and the collective shouting and so on of Jiangsu and Zhejiang short and short manufacturers. In the past two days, the trading atmosphere of the short and short market is more active, and the downstream market is active. There is no shortage of thousands of tons of large single pactions. Today, the production and marketing of polyester and short factories is better, but the difference is relatively high, the mainstream is easily over 100, and the individual production and sales exceed 500%.

Shandong Changyi yarn trading atmosphere slightly more active, home textile orders slightly increased.

Pure polyester yarn prices are stable, 21S mainstream reported 12500 yuan / ton, 32S mainstream reported 13000 yuan / ton.

In the past two days, polyester and short manufacturers have concentrated their shipments, and the inventory pressure has eased significantly.