Mainland: The real estate cotton market is under attack and there may be no market before the holiday

According to fabric companies and traders in Hubei, Anhui, Henan and other places, the amount of Xinjiang cotton moved to the inland has continued to grow since late December. A few ginners in Kuitun, Shihezi and other places in northern Xinjiang even picked 1,000-2,000 tons of cotton by machines. For sale, the quotation and sales of real estate cotton have been suppressed; coupled with the purchase price of 38-39% linseed cotton at 3.70-3.80 yuan/jin (cotton seed sales price has fallen overall by 0.10-0.15 yuan/jin in the past half month), And the proportion of light yellow dyed cotton and yellow dyed cotton is gradually increasing, but the current price of gins in real estate 3128 is only 15,200-15,400 yuan/ton, and the production and sales of gins are in an upside down state. Therefore, in the near future, 400-type gins in mainland cotton areas The phenomenon of harvest reduction and suspension has increased significantly.

A cotton company in Jingzhou, Hubei Province said that currently, warehouses in Wuhan, Jingzhou and other places in Xinjiang The gross delivery price of 2128/3128 is 15,500-15,800 yuan/ton (including northern Xinjiang machine-picked cotton), which is only 300-400 yuan/ton higher than the quotation of real estate cotton. However, on the one hand, the rebound of Xinjiang cotton is generally 5.5-7%, which is higher than that of real estate cotton. Cotton is 1-1.5% lower, and the gross weight purchase is more cost-effective; on the other hand, although both are grade 31 lint cotton, Xinjiang cotton has advantages over local cotton in terms of consistency, foreign fiber content (mainly hand-picked cotton) and short staple rate. The loss of cotton yarn with count C32S and above is lower than that of real estate cotton; comprehensive calculation shows that when the price difference between real estate and Xinjiang cotton is within 400 yuan/ton, Xinjiang will be given priority. It is understood that the quotation price of Xinjiang cotton reserves in the market from October to December is 500-700 yuan/ton higher than that of cotton reserves in the Yellow River Basin and Yangtze River Basin, which is recognized by cotton-using enterprises and middlemen.

Procurement is subject to funds and orders, and is mainly based on “multiple batches and purchases as needed” from inland warehouses. First of all, the amount of military cotton signed by large and medium-sized textile enterprises and operators to be purchased by railways in January and February is expected to be relatively large, and the supply of high-grade and high-quality domestic cotton will be temporarily abundant; secondly, the reserve cotton will be shipped out from March 6 It started as scheduled, and since more than 1 million tons have been inspected by the public, it is guaranteed that the reserve of 30,000 tons per day will not be a big problem. Textile companies estimate that the lowest bidding price will be more than 500 yuan/ton lower than the spot price; again, the impact of the epidemic since late December Due to the impact of product “destocking”, the impact of foreign yarns and the sharp increase in printing and dyeing fees for natural cotton fabrics, cotton yarn prices have declined by 300-400 yuan/ton, and the downward trend has continued. Some fabric factories are in a difficult situation.

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