Xinjiang: Cotton has cooled slightly, but there will still be a market in the future
Correspondent from China Cotton Network: Recently, the Xinjiang cotton market has shown signs of cooling, and the spot prices of individual lint cotton have fallen. On October 10, a person in charge of an Aksu enterprise said that the “double29“Double30”The price of hand-picked cotton is16000yuan/Around 1,000 tons, the pick-up price at individual stations is15900yuan/ton, basically the same as at the beginning of this week; others, 3128cotton in Aksu, Bachu, Korla and other places, the market quotation is at15550-15800yuan/tons,4128level prices at “>15200yuan/ton first line, The price dropped slightly100yuan/ton.
According to feedback from some enterprises in eastern Xinjiang and southern Xinjiang, the price of some lower-quality cotton has recently fallen to 150-200 yuan/ton. Nowadays, cotton sales in Xinjiang are relatively sluggish, especially among mainland cotton merchants and Not many traders and cotton textile mills come to Xinjiang to purchase cotton, and those who come are purchasing high-quality Xinjiang cotton. “Double 29” cotton is relatively popular, and inquiries can also be seen for some machine-picked cotton of grade 3128 or above. Price, business, goods and merchants.
Why did Xinjiang cotton stop rising and fall individually?
, the state reserve cotton is out. In the past two days, the cotton output of the State Reserve has cooled down slightly. On the 9th, the transaction rate exceeded 100% and fell to the 97% line, putting pressure on market bulls. A market participant said that this year’s cotton reserves from the state reserve will be released two months earlier than in 2016, which will bring great variables to the future of cotton.
Second, Zheng cotton futures fell sluggishly. In recent days, Zheng cotton has been running downwards. On the 9th, the main 1705 contract fluctuated at a low level and reached as low as 15,550 yuan/ton. The intraday trading volume shrank and the position decreased; the far-month 709 contract reached a low of 16,005 yuan/ton, which is far away from 16,000 yuan/ton. The ton integer mark is just one step away. Zheng Mian, as the market’s “wind vane” and “barometer”, puts pressure on market confidence.
However, according to feedback from Xinjiang enterprises, there is no need to worry about the price of high-quality Xinjiang cotton falling a lot. The recent decline may be difficult to expand for the following reasons:
With policy support, Xinjiang’s fabric industry is booming. It is estimated that cotton consumption this year will be 700,000-800,000 tons, a significant increase in cotton consumption. Xinjiang warehouses have almost no cotton reserves, and the cost of shipping cotton from inland warehouses to Xinjiang for consumption is high. Therefore, almost all cotton used in Xinjiang fabrics uses the 2016 Xinjiang cotton spot. Since Uzbekistan, Turkmenistan and other Central Asian cottons have a good contract export situation this year and have been basically sold out by the end of February, there are very few Central Asian cottons for “consignment” in bonded areas such as Alashankou and Kashgar. Although Xinjiang textile companies have import quotas, If the goods are picked up from Qingdao, Zhangjiagang, Shanghai and other ports and returned to Xinjiang for consumption, the spinning cost is obviously too high, which also brings opportunities for spot sales of Xinjiang cotton.
AAASDFERHYTJTI
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
AA
