Zheng Cotton After A High Shock After A Narrow Shock.

The zhengmian daily line forms a small line.

Intra day turnover has shrunk and positions have increased.

Basic situation: Dezhou's 71 cotton ginning enterprises, in 2015, opened a scale of 30, compared with the reduction in storage period by about 40%.

This year, the company has a maximum purchase volume of about more than 3000 tons, with a minimum acquisition of tens of tons.

During the period of storage and purchase, there were about 50 enterprises in Dezhou.

2000-3000 tons.

The average yield of local ginning plants is about 200-300 yuan, which is basically not profitable this year.

Enterprises with relatively short sales periods can see small profits, such as those that can be sold within two months after production, and can get less than 100 yuan; the enterprises with relatively long sales cycle are basically losing money: first, this year.

The market price will be lowered all the way; if the sales cycle is long, the corresponding storage and labor costs will increase.

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Cotton processing enterprises are still "marginalized".

To promote the supply side reform of cotton industry, the state reserve cotton wheel will be normalized. The national development and Reform Commission said that it would strive to digest stock reserves in 5 years. Even if it does not count the number of late rounds, only about 10000000 tons of cotton reserves will be digested about 2000000 tons per year.

In addition, the annual import volume of about 1000000 tons of high-grade cotton imports has declined significantly compared with the previous years. However, imports of high count yarn and combed yarn such as India, Pakistan, Vietnam and Indonesia are becoming more and more intense, and are also destined to become the spoiler of high quality cotton demand by textile enterprises.

Although the target price has dropped by 500 yuan / ton, the seed cotton purchase will still lose money.

Chemical fertilizer, cotton seed and plastic film can be reduced to 0.20 tons per kilogram per ton of cotton linen. But at the end of March, there are 576 cotton ginning plants in Xinjiang to participate in the public inspection, and 178 of the Corps participate in the public inspection. In 2016, the total amount of cotton inspection in Xinjiang was only 3 million 271 thousand tons. Even if it was simple and average, the processing capacity of each factory was only 4300 tons of lint, and it was just enough to reach the "bottom line" processing capacity of the Xinjiang Bao factory enterprise. It was also considered that there was a certain number of 400 enterprises in 2015, and there was no market purchase. The contradiction between the huge capacity and the cotton resources is still outstanding in the short term. 2016

The increase in cotton risk has led to a decline in credit support for state-owned policy banks and other commercial banks.

The state completely withdraw from the storage and purchase policy, and the cotton processing enterprises in the territory were pushed to the forefront of the market. However, in the 9 consecutive years, the "high sale and low sale" in 2014 and 3128B yuan lint in 2014 were 14200-14500 yuan / ton in the first half of 2015, and 13000 yuan / ton in the first half of 2015. In 2015 9 and October, the cotton lint was 13300-13500 yuan / ton in scale in the first half of 2015. Now it has fallen to 11500 yuan / ton. Cotton has once become a hot potato, and the quality of lint has declined considerably due to weather and cotton seeds. Losses have become commonplace. Therefore, the loan banks have tightened their credit, and some loan qualifications have been canceled. Since 2014