Long Staple Cotton: From "Crazy" To "Steady"

Since the acquisition of long staple cotton in October, the cotton ginning plant has begun to rush to harvest, and the price of seed cotton has been rising. In early November, the price of seed cotton in Awati, southern Xinjiang, rose to 9.70-9.80 yuan / kg, up by 1.50-1.70 yuan / kg compared with the initial stage of purchase. The price of the new long staple cotton 137 stage platform pick-up rose at 26500-27000 yuan / ton (up 1200 yuan / ton compared with the initial stage of the stock market), and the mainland to the factory price generally rose to 27500 yuan / ton (about 800 yuan / ton compared with the initial stage of the listing). At the same time, the price of long staple cotton and old cotton has been under pressure. By the end of 10, the cost of the new long staple cotton 137 level support to the mainland was around 27000 yuan / ton, which was higher than the price of Chen cotton in the mainland, which led to an increase in the purchase and sale of Chenmian cotton, and the sale of Chen cotton stock was gradually completed. Meanwhile, the sale of new long staple cotton in the market has gradually replaced Chen cotton.

But at first, the new cotton of long staple cotton was opened at a low price. During the national day, the purchase price of the ginning factory is 8.0-8.3 yuan / kg, and the individual price is 8.5 yuan / kg (lint at 36-37%, moisture 12% or so), and the cost price is 22400-23000 yuan / ton. In the same period, the 137 grade 2013 long staple cotton in the mainland is quoted at 28200-28500 yuan / ton line, and the price of both of them is as high as 5500 yuan / ton. Such a high profit drives the cotton mill to open up the scale, that is to say, the market is rapidly becoming a "prairie fire". Last year, at this time, long staple cotton was also "Crazy". Cotton farmers, cotton enterprises, dealers, traders and even textile enterprises under the guidance of "gap theory" staged a huge "grab" cotton campaign. The 137 grade price of long staple cotton increased rapidly from 26000 yuan / ton to 35000 yuan / ton.

The hot market factors are: first, in the transitional stage of new and old cotton, the textile enterprises are in urgent need of inventory, and they have to go to Xinjiang to replenishment, so as to stimulate the price of fine cotton seed cotton and lint cotton has experienced a rise, and the overall market price of cotton has been increasing. With the rebound of the high yarn Market in "silver ten", the order of the spinning enterprises above 60S has increased, and the demand for long staple cotton by the mainland enterprises producing high yarn has increased. Secondly, the price advantage and good policy are good. The price of long staple cotton imported over the same period is much higher than that of the domestic long staple cotton. The price of the United States Pima cotton under the 1% tariff of 10-12 months is up to 31900-32000 yuan / ton, and the price of the imported long staple cotton is upside down with the domestic long staple cotton. This stage promotes long staple cotton. This year, our country has a tariff of 894 thousand tons and 1% tons. Imported cotton Apart from quotas, the policy of no longer giving other quotas in principle will play a supporting role in the domestic long staple cotton market. Finally, the price difference between new cotton and Chen cotton of long staple cotton is bigger. In October 16th, the 137 grade export price of long staple cotton produced in the mainland in the year 2013 was 28200-28500 yuan / ton, and the cost of new long staple cotton was about 5000 yuan / ton, and the market was optimistic about the prospect of long staple cotton.

Entering the middle of November, Xinjiang's long staple cotton market is cooling down, and prices are now stabilizing. It can be said that "full of water is overflowing". Enter November, with Xinjiang And the price of lint cotton and fine lint cotton in the mainland has opened up a downward trend. The long staple cotton is also "high and cold" and the price is closely following the overall cotton price. On the one hand, the purchase of cotton ginning mill is changed from "scramble" to "caution". Long-staple cotton After the price has risen to a high level, the mainland textile enterprises have taken a wait-and-see attitude towards Xinjiang's long staple cotton. Many manufacturers have purchased better quality Australian cotton instead of long staple cotton, resulting in the port's high-quality imported quilts "robbed" and "cotton cotton" out of stock. In the past week, the price of long staple cotton has basically remained stable. The mainstream price of 137 grade a new long staple cotton is 27100-27300 yuan / ton (delivery to factory price, including ticket, gross weight settlement, no arrears, must be traded on cash spot). 136 grade a long staple cotton price 26800 yuan / ton, 237 grade a long staple cotton price 26500 yuan / ton.

However, the long staple cotton market is not "cooling". Cotton textile enterprises have recently got rid of some of their long staple cotton stocks and have replenishment needs. At present, there are not many high grade cotton stocks in the port, and the quota of textile enterprises is limited. From all aspects and market enquiries, the price of long staple cotton will continue to improve in the next half month, and the market orders will also increase. Therefore, we must pay close attention to the trend of all parties in the market.