Xinjiang Cotton Prices Are High &Nbsp; Textile Enterprises To Reduce Enthusiasm For Procurement.

Cotton prices have risen slightly in recent days.

"We bought 3000 tons of cotton from September to November last year, and we have already delivered more than 2400 tons of storage and market sales, and more than 500 tons of warehouse have been hoarded. We want to wait for cotton prices to rise another one hundred or two hundred yuan per ton to sell again."

A person in charge of a ginning industry in Akesu said yesterday in a telephone interview with reporters that companies like them had many in Korla, Akesu, Changji, Bo Zhou and Yili.

The cotton price rise continued to rise from the end of last year, reaching 19621 yuan per ton in February 27th, and began to close to the national storage price of 19800 yuan per ton.

The industry estimates that excluding cotton enterprises and the market sales of cotton, Xinjiang cotton enterprises stock cotton and about 1000000 tons.

In response, Du Ying, deputy director of cotton research and development center of Wanda Futures Limited, said that in recent years, the demand for cotton in China has been around 10 million 500 thousand tons per year, with a shortfall of nearly 4 million tons.

Based on the annual output of 7 million 294 thousand tons this year,

Another reason for the increase in cotton prices is that textile companies are buying cotton for replenishment.

However, it is worth mentioning that due to the high price of Xinjiang cotton, the enthusiasm of textile enterprises to purchase Xinjiang cotton is lower than that of imported cotton.

In the past 3 months, the proportion of Xinjiang cotton was only 39.62%, down 10% over the same period last year.

According to the change of specific gravity, many textile enterprises have reduced the amount of new cotton and increased the amount of imported cotton, and the demand for Xinjiang cotton is still dominated by buying and selling.

Du Ying reminded.