ICE Cotton Will Remain Strong

At present, the cotton planting work of the Second Division of the Corps has basically ended this year, and has now entered the field management work. Zheng Mian rose sharply again, and his position decreased significantly On Tuesday, Zheng Mian rose sharply on the basis of the previous day's trading limit. The margin increased from 5% to 9%, and the trading limit expanded from 4% to 7%. The trading volume increased significantly, and the position decreased significantly. After the main force of Zheng Mian opened sharply, it basically maintained high volatility, and ended up 6.24% higher.

At present, Zheng Mian has nearly 669000 positions, with a daily decrease of 194000, including 1609 contract positions of nearly 355700 and positions of 141500. 1605 contract settlement price 11880 (+210), 1609 contract settlement price 12160 (+700), 1701 contract settlement price 11915 (+650). Zheng Mian's main force basically maintained a high level after opening significantly higher, and ended up 6.24%. At present, the number of warehouse receipts is 371 (+6), and the effective forecast volume is 701 (+107). It is profitable to make warehouse receipts for contracts in recent months, and the number of limited forecast warehouse receipts has increased significantly.

March 31 India The Cotton Association (CCI) released the latest forecast of Indian cotton production. It is estimated that India's cotton production in 2015/16 will be 34.1 million bales (5.797 million tons), 400000 bales (34.5 million bales, 5.865 million tons) lower than the previous month's forecast, but both forecasts are lower than last year's output. At the same time, the consumption is expected to decline to 30.5 million packets (5.185 million tons), and the remaining (exportable) 1.236 million packets (2.101 million tons).

On Friday, the picking price of India S-6 ginning plant was 34600 rupees/kandi, or 66.20 cents/pound, and the CFR price in the Far East exceeded 1020 points in the New York contract. The picking price of J-34 Ginning Plant in Punjab is 3650 rupees/Mohnd, which is 66.50 cents/pound.

Domestic market On April 19, Aksu, Bachu, Xinjiang Korla For 2128C2 (3129C2) and 2128B2 (2129B2 Traders Compared with March, the number of transactions increased slightly. From April 13 to 15, 2016, the reporter took aerial photos of the endless cotton fields in the 29th and 33rd Regiments of the Second Division of Xinjiang Production and Construction Corps at the edge of the Taklimakan Desert.

According to the calculation formula of the national reserve cotton wheel sales floor price, the current reference price is 11548 yuan/ton. At present, spot sales in the market are still good and the price is firm. The quotation of "Double 28" and "Double 29" hand picked cotton in Aksu, Bachu, Korla and other places in Xinjiang is 12500-12600 yuan/ton. Although the dumping and storage information was released last Friday as expected, and the content was basically in line with expectations, it limited the maximum dumping and storage information of the next year. The weight and quality of the reserve cotton were re inspected, and the reserve cotton that did not meet the standard requirements would not be delivered, which limited the expected rotation of reserve cotton in terms of time and quantity, forming support for the price rise of Zheng cotton.