From November 8th to 12th, in the absence of obvious long and short information in the market, Zheng cotton continued to fluctuate within a narrow range around 21,500 yuan/ton. In accordance with the requirements of relevant national departments, China Reserve Cotton Company organized the release of the second batch of central reserve cotton in 2021. The state continues to ensure supply and stable prices and increase the release quantity. With the state’s clear stance on regulation, the short-term rise in cotton prices faces great resistance. The acquisition of Xinjiang seed cotton has come to an end, and the influence of the acquisition market on the price of Zheng cotton has decreased significantly. The direction of price fluctuations in the future market mainly depends on consumption.
That week, the floor price of real estate cotton was adjusted downwards, but the auction transaction rate of enterprises was still low. Xinjiang cotton and imported cotton continued to maintain 100% transaction volume. Downstream orders for medium and high count yarns are significantly better than those for low count yarns, prompting companies to actively replenish high-quality cotton raw materials. The quality of Xinjiang cotton is better than that of real estate cotton, and companies are more enthusiastic about bidding. During the release of the second batch of reserve cotton, imported cotton resources for 2019 began to be gradually increased. Its quality indicators are excellent, companies are flocking to it, and the bidding price has increased significantly. It is expected that the overall transaction volume will continue to remain stable on the premise that the reserve cotton distribution structure has not changed significantly.
This week:
China Cotton Reserve Management Co., Ltd. has listed a total of 120,200 tons of cotton reserves. Among them, the first batch of 60,100 tons was released, and the second batch was 60,100 tons.
Transaction status of the first batch: From November 8th to 9th, the cumulative transaction volume was 38,500 tons, with a transaction rate of 64%. Among them, a total of 5,900 tons of Xinjiang cotton have been listed, with a total transaction volume of 5,900 tons, and a transaction rate of 100%; a total of 55,000 tons of real estate cotton have been listed, with a total transaction volume of 33,400 tons, and a transaction rate of 61%.
On November 8th and 9th, the average transaction price of reserve cotton was 18,538 yuan/ton, discounted to the standard grade (3128) price of 20,350 yuan/ton, and the average price increase was 567 yuan/ton. , the highest transaction price was 22,280 yuan/ton, and the lowest price was 16,960 yuan/ton. Among them, the average transaction price of Xinjiang cotton was 21,057 yuan/ton, with an average price increase of 1,741 yuan/ton; the average transaction price of real estate cotton was 1,854 yuan/ton, with an average price increase of 388 yuan/ton.
The transaction status of the second batch of launches: From November 10th to 12th, the cumulative transaction volume was 32,900 tons, with a transaction rate of 55%, of which a total of 2,000 tons of imported cotton were listed, with a total of 2,000 tons of imported cotton listed. A total of 2,000 tons of Xinjiang cotton were listed, with a transaction rate of 100%; a total of 9,600 tons of Xinjiang cotton were listed, a total of 9,600 tons were traded, and a transaction rate of 100%; a total of 48,500 tons of real estate cotton were listed, with a cumulative transaction of 21,300 tons, and a transaction rate of 44%.
From November 10th to 12th, the average transaction price of reserve cotton was 19,794 yuan/ton, discounted to the standard grade (3128) price of 21,240 yuan/ton, and the average price increase was 1,203 yuan/ton. , the highest transaction price was 23,210 yuan/ton, and the lowest price was 17,190 yuan/ton. Among them, the average transaction price of imported cotton was 22,967 yuan/ton, with an average price increase of 2,363 yuan/ton; the average transaction price of Xinjiang cotton was 21,919 yuan/ton, with an average price increase of 2,226 yuan/ton; the average transaction price of real estate cotton was 18,541 yuan/ton, with an average price increase of 633 yuan. /Ton.
Cumulative:
The first batch of China Reserve Cotton Management Co., Ltd. (October 8 -November 9) A total of 646,500 tons of cotton reserves were listed, and a total of 395,600 tons were traded, with a transaction rate of 61%. Among them, a total of 152,700 tons of Xinjiang cotton were listed, with a total transaction volume of 150,300 tons, and a transaction rate of 98%; a total of 493,800 tons of real estate cotton were listed, with a total transaction volume of 245,300 tons, and a transaction rate of 50%.
From October 8th to November 9th, the average transaction price of the first batch was 18,429 yuan/ton, discounted to the standard grade (3128) price of 20,234 yuan/ton, with an average price increase of 854 yuan/ton, the highest transaction price is 23,130 yuan/ton, the lowest price is 16,010 yuan/ton; among which, the average transaction price of Xinjiang cotton is 19,559 yuan/ton, and the average price increase is 1,493 yuan/ton; the average transaction price of real estate cotton is 17,737 yuan/ton, and the average price increase is 678 yuan/ton. Yuan / ton.
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