The Impact Of Britain'S Withdrawal From Europe On The Global Economy And Cotton Remains To Be Seen.

Under the influence of Zheng cotton, it went out of a 2 Day rally. On Friday, it returned to Europe in the British commodity market and the stock market fell. The main contract in December closed at 64.59 cents / pound Friday, and fell 129 points.

In the later stage, the pressure of further upward pressure is obvious. In small environment, the quantity of China's launch has great impact on the market price, and there is uncertainty.

The impact of Britain's withdrawal from Europe on the global economy and cotton remains to be seen.

Cotton distribution.

Spot resources in the market have been very scarce, and the price is obviously higher than the 300-500 yuan / ton of the cotton coming out, and the reserve cotton has been accepted by most of the cotton mills.

The main body, compared with the spot, the purchase of cotton reserves needs to consider the time of storehouse. We should give full consideration to resources and prevent the supply disruption from affecting the quality and production.

On the spot.

Due to the continuous reduction in the volume of trading, the paction price was high, and the stock market in the spot market was limited.

The spot price rose by 100-200 yuan / ton, and the "double 29B" in the inland market was quoted by hand at 13700-14000 yuan / ton, "double 28B" 13500-13700 yuan / ton, "double 28C" 12700-13000 yuan / ton, the price of real cotton was 10500-12800 yuan / ton, the imported cotton spot was less, the price was higher, the US cotton was 13500-14000 yuan / ton, and the Australian cotton was 14500-14800 yuan / ton.

Quotations generally rose 100-200 yuan / ton, long staple cotton due to large inventory, limited consumption, relatively stable prices, 137 inland delivery price of 21000-21500 yuan / ton.

In terms of rotation.

Eighth weeks after the launch, the selling price was 12325 yuan / ton, and the sale dropped sharply. The weekly turnover was 105633 tons, the week reduced by 25906 tons, the average price was 12230 yuan / ton, the week rose 145 yuan / ton, the total turnover was 953 thousand and 300 tons, of which 296 thousand and 100 tons of imported cotton, the turnover rate was 98.16%, and the domestic cotton 657 thousand and 200 tons, the turnover rate was 96.94%.

At present, the amount of delivery is the focus of attention of the market. It has a direct impact on futures and spot prices, and has not been able to keep up with the public inspection. It is difficult to put in quantity and has difficulty in discharging. It has aroused great attention from the national development and Reform Commission. It has instructed the implementation of the rectification of the cotton reserves and the market parties are waiting for the rectification effect.

As of June 24th, a total of 726 enterprises have successfully participated in the auction, with an increase of 15 in the week, and the growth rate has slowed down.

Trading volume continued to decrease, and paction prices continued to rise, so that the participating trade enterprises gained considerable profits, stimulated more participation enthusiasm, more participation in trade enterprises and further pushed up the paction price, so that the cost of cotton mill increased significantly, while the cotton yarn sales price did not rise synchronously under the extrusion of imported yarn, and the profits of the cotton mill were compressed. This is not conducive to the healthy development of the industry, and should be concerned by relevant industries and government departments.