Weekly report of reserve cotton: 110,000 tons of transaction in the first week, the market is stable to meet the reserve

Last week (March 12-16, 2018), the 2017/2018 reserve cotton round was launched. China Reserve Cotton Management Co., Ltd. planned to sell 150,000 tons of reserve cotton from the warehouse. The actual transaction was 113,000 tons, and the transaction rate was 75.32%. Among them, Xinjiang cotton traded 75,500 tons, with a turnover rate of 100%, and real estate cotton traded 37,500 tons, with a turnover rate of 51.8%. From the perspective of transaction prices, the average transaction price was 14,443 yuan/ton, and the standard (3128) price was 15,673 yuan/ton. The average transaction price of cotton in Xinjiang is 14,734 yuan / ton, and the average transaction price of real estate cotton is 13,871 yuan / ton; from the perspective of transaction companies, a total of 284 companies participated in the auction, and 19 companies sold more than 1,000 tons, including 9 textile companies and 10 traders. .

During the week, the spot market price was relatively stable, and the reserve cotton was stably released. According to data from the National Cotton Market Monitoring System, the average price of the National Cotton Price B Index (CNCotton B), which represents the price of 3128B grade cotton in the mainland, is 15,699 yuan/ton, up 3 yuan/ton from the previous week. From the perspective of the futures market, the number of warehouse receipts and effective forecasts increased to 320,000 tons that week, and the pressure on the disk was relatively large, and Zheng Mian was under pressure. From the perspective of the textile market, the operating rate of textile enterprises has reached more than 70%, and they participate in the auction rationally. In addition, the prices of C21s, C32s, and C40s yarns have all increased slightly, and the sales of textile enterprises have improved. As the temperature gradually rises, the main cotton-producing areas in China have gradually begun to prepare for spring ploughing and sowing. In some cotton areas, chemical fertilizers, plastic films, cotton seeds and other agricultural products are selling hot.