The Market Is Showing Signs Of Stagflation.

In the face of rising cotton prices, the head of cotton procurement of a large textile enterprise in Henan resolutely ended the vacation ahead of schedule and returned to work Xinjiang.

After some communication with the upstream and downstream customers and colleagues, he breathed a sigh of relief and told reporters that although the price of cotton was rising, the downstream yarn did not rise much.

At present, most of the spinning enterprises are selling products, and they will not rush to buy Cotton after the price rises. Unless there is a new order, the textile enterprises will purchase it for performance.

A cotton grower in Cangzhou, Hebei, feedback that there are two kinds of local cotton seed prices: first, the purchase price of 400 cotton enterprises is 3.65-3.75 yuan / jin (38% of the clothes and 10% of moisture regain), which is unchanged from yesterday.

According to feedback, at present, 400 cotton enterprises in Cangzhou are acquiring 2, and the quality requirements for seed cotton are relatively strict during the acquisition process.

The 1 day purchase amount was 3000-5000 Jin, and only 1 pounds were collected in 1 days, indicating that the market quality was not much. Two, the 200 type cotton enterprises mainly purchased cotton with poor quality, and the price range was 3.20-3.65 yuan / Jin, which was generally priced in cotton lint and color, and the daily purchasing volume was uncertain.

Seed cotton prices continue to rise.

As the owner of a cotton business said, now

Less and less quality, and the stock market is in a precarious position. No one dared to continue to raise the price of seed cotton.

In addition, cottonseed prices are stable in the near future, not rising or falling.

Recently, many oil mill feedback, local cottonseed quantity is not much.

However, due to the recent stagnant sales of cottonseed oil and cottonseed meal, it also brings resistance to cottonseed prices.

Hebei, Cangzhou, Xingtai and other places cottonseed mainstream price 1.59-1.60 yuan / Jin, not much.

Due to recent

Futures stagflation situation, but also to bring pressure to the spot, cotton and cotton enterprises to inventory mainly, the market is temporarily nervous.

For example, a cotton merchant in Zhengzhou, Hebei, sells 75 tons of grade 3128 real estate cotton at a price of 16000 yuan / ton, and the cotton enterprise pays 60% in advance, and the balance is settled within 30 days.

"It was impossible before, but in order to solve the pressure, we had to agree to the downstream manufacturer's credit behavior."

The cotton merchant said.

Some of the larger traders have a strong wait-and-see sentiment.

Many traders said that cottonseed is not easy to sell in the near future. Mainly downstream manufacturers believe that the current price is higher and they can not afford it. Especially next month, the national cotton reserves will be sold out, and the market supply will be improved.

The recent stagnant cotton shows that the market is returning to reason, which reminds the industry to operate cautiously.

At present, the downstream textile enterprises have started construction. It is expected that market volume pactions will start to recover this week. Some cotton yarn quotations have increased by 300-500 yuan / ton, while the spot price of cotton has risen sharply, but the actual paction price has not risen much. North Xinjiang's "double 29" hand picked cotton platform gross weight pick up price is 16000-16300 yuan / ton, and the manufacturers have a strong mentality to inventory.

In recent days, downstream textile enterprises have increased their enquiries and purchases, and downstream replenishment.

With the increase in number, with the first fifteen months of this month, this week, textile enterprises are expected to have a wave of replenishment of storehouse and the prices of downstream chemical yarn and cotton yarn have great support for cotton prices. Besides, the recent strong international cotton prices also support the price of Zhengyang cotton, and short term trading is recommended.

In the long run, with the gradual resumption of spot pactions in the domestic market, considering that the reserve cotton will be sold in March after the Spring Festival, the spot sales pressure will be great, and later, the price will be more pressure.

Recently, we are concerned about the overall trend of commodities and the trend of international cotton prices.

For more information, please pay attention to the world clothing shoes and hats net report.