Cotton Prices Plummeted Five Thousand Yuan &Nbsp; Some Cotton Enterprises In Xinjiang Stop Production And Wait And See.

Maniac cotton The price finally appeared in the middle of November. The recent decline of 5000 yuan / ton makes the whole cotton industry chain turbulence again. Cotton processing and cotton spinning enterprises in Kuitun all have a wait-and-see trend, many cotton processing. enterprise Began to cut production or even stop production.

In November 19th, the main contract price of Zheng cotton futures was 27185 yuan / ton, while the previous highest price was 33720 yuan / ton in November 10th, or nearly 7000 yuan per ton. The spot price also dropped from the highest 32000 yuan / ton to the current 27000-28000 yuan / ton. "Almost a day, a price. "A cotton purchasing enterprise in Kuitun related staff described the cotton market.

In the middle of September this year, new cotton will start weighing. Cotton price It's going up at an incredible speed. Although the country has sold two stores and bought many imported cotton, it has only played a short-term role in repressing cotton prices. Since November, the railway department of Xinjiang has begun to rush Xinjiang cotton out of Xinjiang to solve the tight demand of cotton in the mainland. It was not until November 11th that the cotton futures market took a plunge. This day also became an important turning point. The 1105 cotton futures contract of the Zhengzhou mercantile exchange continued to plummet from that day. The settlement price in November 18th was only 26955 yuan / ton, and the market price of cotton's current goods was also dropping rapidly. At present, there is only about 27000 yuan per ton.

The speed of cotton prices' rapid decline is unprepared, only in November 19th, "brake the car" and have a callback, the main contract price rises 230 yuan per ton, reaching 27185 yuan / ton.

With the decline in lint prices, the price of seed cotton in Kuitun has fallen from the highest 13 yuan / kg to 10 yuan to 11 yuan / kg, and some cotton with poor quality is only eight or nine yuan per kilogram.

　 Cotton farmers: most of them have been sold, with little impact.

The falling cotton prices have not brought much impact on cotton farmers who have made rapid progress. Reporters learned that at present, the cotton picking period in Kuitun, Wusu and surrounding areas is coming to an end. Most cotton farmers' cotton has been picked and sold out, and only a few large households still have little to pick cotton.

Liu Weichao, the 20 farmer of the 130 regiment, planted 2000 mu of cotton this year. As of November 19th, the cotton in 1500 mu of land has been picked up, "the rest can be picked in a week. "

For the current decline in cotton prices, Liu Weichao said, fortunately, most of the cotton picked earlier has been sold, leaving only a few stocks. Although the price is falling, it still has more than 10 yuan per kilogram, but it has little effect.

"Cotton farmers don't have much to sell this year. At such a good price, everyone is afraid of falling down. "Liu Weichao said, now there is no cotton in the regiment.

According to the chief of some cotton processing enterprises in Kuitun, at present, about ten percent of cotton in Kuitun and surrounding areas is not picked, and in some places the shadow of cotton can not be seen.

　 Cotton enterprises: the volume of acquisitions has dropped sharply, and some have stopped production.

Cotton prices continue to decline, many cotton enterprises in Kuitun began to reduce purchases or even stop production, and textile enterprises are pessimistic and unwilling to buy new lint.

A large cotton enterprise worker in Kuitun said that, because of the larger volume of pre acquisition, although some sales tactics of fast forward and quick sales were adopted, some of the lint was not ready to sell in time, and some losses were made. "Although prices are falling, they can not be ignored. No one will dare to talk about the future situation. But for prudence, the amount of purchases is much less. "The staff said.

The person in charge of a medium-sized cotton processing enterprise in Kuitun said that the impact of this price drop on the cotton ginning enterprises is not very big. "Now everyone has not much inventory, and most of them are no longer buying, they have ceased production." The official said, there is not much cotton in Xinjiang now, and they only buy about 100 tons a day, and in the past, they bought 400 to 600 tons a day.

The head of another medium-sized cotton processing enterprise in Kuitun also expressed the same view. His company only acquired dozens of tons a day. The leaders of these cotton enterprises also said that after the cotton price fell, the willingness of the downstream textile enterprises to buy was greatly weakened. Most of the textile enterprises' mentality is "buy and sell but not buy." most of them are watching now. "A cotton enterprise official said.

For the aftermarket, the responsibility of cotton processing enterprises is not very pessimistic. "The cost of processing cotton lint is as high as $25, 000, 000 yuan per ton. Besides, cotton is still a short supply, and the cost price is there, even if it falls, it will not fall anywhere, and it will fall to cost price at most." "Another cotton business leader has a slightly higher expectation. He thinks cotton prices will rise again. 28000 yuan / ton is his psychological expectation.