Xinjiang: Spot Continued Weak &Nbsp; Cottonseed Stabilization And Recovery

Since November 2nd, the daily storage and storage amount of the National Reserve has been stable at 6-7 tons, although the highest turnover ratio is only 68% (November 14th), indicating that the relevant departments of the state have great determination to support the market and maintain stability. As a result of the recent inspection and inspection of the cotton fields in Korla, Kashi and Akesu in the southern Xinjiang

According to some processing enterprises in Akesu, at present, the price of the three level cotton price has been dropped to about 19800 yuan / ton at the Akesu platform, and the price of gross weight has also slipped to 2000-20200 yuan / ton. The sales market is very weak. Some cotton enterprises in the mainland decide the purchase price of Xinjiang cotton according to the purchase price. For example, some cotton enterprises do not meet the storage standard two and three cotton quotes 20000 yuan / ton, 19500 yuan / ton (all are settled by public accounts), although cotton enterprises are reluctant to sell, but the inactive demand and consumption market make the cotton prices difficult to rebound in recent years.

November, 14, 15, Akesu Shah, West Bridge and Kashi Bachu and other places 40-41% clothing parts, 13% of the seed cotton purchase price in 8.60-8.80 yuan / kg, but the seed cotton main grade has been reduced to three grade, a West Bridge processing enterprise said, 12-15 days, 8.60 yuan / kg has been unable to get up three seed cotton, low clothing, water, low grade seed cotton because the listing price is below 8.40 yuan / kg, cotton farmers are very inconsistent.

The purchase price of 40% cotton seed cotton in the southern Xinjiang is 8.70-8.80 yuan / kg, and the daily purchasing volume of some manufacturers has risen to 100-200 tons.

According to the current cottonseed price calculation, the three grade cotton storage of the public inspection basically has no profit or a slight loss, and some ginning plants do not intend to raise the price.

It is understood that in the past 2 days, the purchase price of cottonseed has gradually stabilized in the Akesu and Korla areas in the southern Xinjiang. On the 14 and 15 days, the price rose from 1.64-1.66 yuan / kg to around 1.70 yuan / kg. However, the oil factory showed that the price of the cottonseed was much higher than that of the purchase price.

On the whole, the purchase amount of seed cotton in most processing enterprises in Akesu was higher than that in 2010. In addition, the Agricultural Development Bank supported the purchase of loans more than enough, and "endless use" became a common problem for many cotton enterprises. For example, the credit limit of a processing enterprise of West Bridge was 160 million, but it was only less than 60 million in November 14th.

Since October, cotton enterprises have returned a certain proportion of loans from the agricultural development bank according to the agreement. Some enterprises have been able to repay the loans in a timely manner by selling cotton seeds and storing them.