Xinjiang traders lower their purchasing prices, but cotton companies are not enthusiastic about moving warehouses
It is understood that the current procurement of lint cotton in Xinjiang is still dominated by foreign businessmen, cotton operators and wadding customers. There are still only a few purchasers from mainland cotton textile mills entering Xinjiang, and most of them purchase through traders.” Double 28 and double 29″ hand-picked cotton is paid at the factory. The trader will advance the payment and contact the truck for transportation out of Xinjiang.
The ginning mills in Xinjiang responded that due to the high enthusiasm of cotton companies to participate in hedging with the main contract of more than 15,300 yuan/ton in Zhengzhou, the number of “price points” is large, and the road and railway transportation prices and transportation methods have changed greatly, so the benchmark price of “3128 level” for foreign investors and traders has been continuously reduced, and at the same time, the basis difference with the main contract CF1701 has been increased.
A Henan wadding manufacturer stated that it has recently shipped more than 20 loads of wadding to customers in Guangdong, Hunan, Hubei and other places (good color grade, less impurities, high horse value, no impact on length and strength and other indicators) Requirements), the delivery price from warehouses in Bachu, Aksu and other places is 15,300-15,500 yuan/ton (gross weight).
Judging from the survey, some institutions and ginners in Xinjiang believe that due to the low quality of real estate cotton, slow listing and the fact that the 2016/17 US cotton will arrive in Hong Kong in mid-to-late December, it is likely to cause There is a short-term supply vacuum of high-quality cotton in the mainland. Cotton prices are expected to continue to rise, but the enthusiasm for moving warehouses to the mainland is not high.
With the Urumqi Railway Bureau’s transportation fee adjustment from “a 30% decrease to a 7% decrease”, and the empty boxcars and containers leaving Xinjiang are particularly tight, the focus of cotton and cotton textile enterprises in moving warehouses has turned to road transportation. , Automobile freight has risen sharply again. For example, the freight rate from Aksu to Nanyang was 720-730 yuan/ton in the same period last year. In September and October this year, it rose to 830-840 yuan/ton. It is now raised by 50-70 yuan/ton.
The costs of loading and unloading, warehousing, insurance, and supervision of warehouses in the mainland are significantly higher than those of the supervision warehouses in Xinjiang (the “all-in-one fee” of the Aksu warehouse is 88 yuan/ton in a month, while the maintenance fee of the warehouse in the mainland is generally 120 yuan/ton. tons), plus transportation fees, it is a big expense for cotton companies (it takes one year from declaration to payment of export subsidies). Therefore, if there is no contract signed or clear supply and marketing intention, ginning factories in Xinjiang will still be cautious in moving warehouses, especially the local machine-picked cotton manufacturers in northern Xinjiang.
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