Latest Cotton Prices In Xinjiang In March 20Th
Since the purchase price of cotton seed in the southern Xinjiang cotton region has been decreasing since October, the cotton farmers have been reluctant to sell. Since entering Akesu in March, some cotton processing enterprises in Kashi and 2011/12 are still buying and processing. However, due to the fact that the spot movement in southern Xinjiang is basically in a state of stagnation, the processing enterprises can only choose to deposit and withdraw funds. According to some cotton processing enterprises in Akesu, Kashi and other places, as the agricultural development bank requested to achieve "double knot zero" before the end of May, plus some Zhejiang cotton enterprises, most of the financing costs were relatively high. The general analysis showed that the 2012/13 standard cotton 20400 yuan / ton storage and purchase price had not been very good, so the cotton enterprises turned from the previous wait and see to active storage. At present, the mainland warehouse Xinjiang three grade cotton quotes 20500-20800 yuan / ton (public), Bachu public inspection three gross weight weighs 21000-21100 yuan / ton, but the transaction is weak.
In March 20, 2012, the mainland Level 3 cotton Xinjiang local cotton quotation was 20500-20800 yuan / ton (public, with tickets, warehouse delivery), the corps cotton is 200-300 yuan / ton higher than the local cotton, the higher the cotton grade, the more difficult to sell. The proportion of 1 and 2 grade cotton and long staple cotton stock overstock is obviously higher than that of the fine cotton. In addition to Sichuan, Henan and Zhejiang's cotton enterprises, the market purchase and sale are basically at a standstill. Some warehouses said that not only did the high-grade Xinjiang cotton shipments continue to be poor in the near future, but cotton mills also significantly reduced the purchase of high-grade imported cotton such as SM grade cotton, American cotton and American green card cotton. Henan, Shandong, Jiangsu and other places SM grade cotton prices fell to about 20000 yuan / ton (net weight, to the factory), but cotton mills still do not buy it, the atmosphere is strong. Due to weak spot demand in the territory, short term transport pressure is difficult to alleviate, port nearly 1 million tons of cotton outside the formation of a mountain top pressure, 2012 year storage price is lower than expected, Xinjiang cotton enterprises pessimism warming. After the Spring Festival, the price of Xinjiang seed cotton rebounded slightly due to the rise in prices of electronic plates and cotton by-products. At present, some cotton processing enterprises in southern Akesu, Kashi and other places still maintain acquisitions, and then store them after processing. Recently, Japan, Cottonseed price At 1.95-1.98 yuan / kg (to factory).
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