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Recently, the price of cotton inside and outside has been linked, and together they have climbed the peak. Zhengmian cotton also broke through 90 cents last Friday. The performance of the reserve cotton was also “unwilling to be lonelyâ€. The average transaction price on Friday was 14,671 yuan/ton, up 413 yuan/ton from the previous day. The textile companies that participated in the auction on Friday said that although the daily volume has basically guaranteed 30,000 tons, due to the low initial volume, the large number of traders, the late arrival of new flowers, the drop in production and the rise in international cotton prices. Driven by the impact, cotton supply is still in short supply, textile enterprises are worried that the new flower will be listed on the market, and they have to take more reserve cotton in the warehouse. Another reason is that the continuous rise of cotton has already transmitted the price to the spinning mills and even the cloth factories. 21 and 32 yarns have followed cotton prices faster, and most of the yarns such as combed yarns have risen since last week. Some factory yarn prices rose by more than 1,000 yuan / ton. The gradual acceptance of the rise in the downstream has also made the mill more emboldened. The third is that the company is worried that due to the increase in the price of cotton inside and outside, the reserve price will rise sharply again, and it may be higher again. It is better to take more pictures on Friday.
The actual situation is indeed as expected by these enterprises. In the twelfth week, the low price was adjusted to 13,609 yuan / ton, and after raising 556 yuan / ton, the average transaction price on Monday was as high as 15,474 yuan / ton, higher than the previous day. 803 yuan / ton. The same auction was fierce on Tuesday, with an average transaction price of 15,458 yuan / ton, basically the same as the previous day. Although the prices of Zhengmian futures in these two days have been followed by commodity corrections, it seems that they can't stop the enthusiasm of their friends. Many people exclaimed that this market is a bit "crazy".
Is the downstream fundamentally improved? In terms of price, it does follow up. The madness of cotton has allowed the cotton yarn market to spend an unquiet weekend. Both domestic yarn and imported yarn are brewing prices. Many of them use the "Monday see" in the circle of friends to suggest that the price increase is very strong. This week, many textile enterprises' quotations rose again by 500-800 yuan/ton. The spot transaction price of imported yarns also rose by 500-1000 yuan/ton, but most of them were reluctant to sell. After all, the spot shortage, the price continued to be bullish, and the goods were treasure. Weaving manufacturers are unable to support the rising cost of raw materials, but also raised their prices by 0.8 yuan/meter, 0.6 yuan/meter, etc. The basic control is 0.5-1.0 yuan/meter, and the other is 1.0 yuan/meter to 1.5 yuan. /Meter. However, according to the reaction of some weaving factories, the overall downstream has not seen a significant improvement, and the finished garments have not yet increased, so it is difficult to accept the price increase of fabrics.
In addition, due to poor price transmission, the price increase of cotton is greater than that of cotton yarn, and the price increase of cotton yarn is greater than that of grey cloth, which makes the company have to digest a part of the cost itself. Some mills and cloth factories are more difficult to bear, and there are stoppages and production restrictions.
It can be seen that the sharpening of the average price of the reserve cotton in this round is basically driven by tight supply rather than supply and demand. Therefore, it is unrealistic to push the price of cotton up by the reverse price increase. The surge does not rule out excessive market speculation and textile enterprises. Panic follow up. Most of the textile companies involved in the filming in these two days have expressed their disappointment, or they have limited stocks in order to maintain their operations, or they have to stock up, but there is a certain supply gap due to the end of the auction at the end of August. Enterprises still have demand for storage. Instead of sitting on the price and continuing to soar, it is better to join in and start early.
Under the skyrocketing, textile companies have been calling for increased volume and extended storage time. However, they are also worried that once the policy changes, the sharp drop in cotton prices will bring a heavier blow to the companies that have already taken stock. Although the two sides are in a dilemma, the textile enterprises also hope that the policy will be clear at an early date and make plans early.
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