Cotton Shows Signs Of Stabilization, Cotton Traders, Textile Companies Are Still Waiting.

On the 11 day, the purchase of seed cotton came to an end in Akesu, Xinjiang. Most of the cotton ginning plants were purchased sporadically, of which the purchase price of mid flower was 5.70-5.90 yuan / kg (40% of lint, 10% of water), and the price of 6 yuan per kilogram was even higher than that of yesterday. Late cotton because of frost, flowers, flower flowers, the price of 5.4-5.6 yuan / kg line, most of the lint is less than 40%.

According to the ginning factory, the characteristics of recent acquisitions are as follows: first, the quantity is reduced, and the number of cotton mill's daily income exceeds 300 thousand jin has not been much. Most of them are in the tens of thousands of catties, and two mixed ranks are increasing. The head of a ginning factory said that the purchase of the cotton ginning mill can only be made by the price of the lint and the roughly color, and after processing is mainly 4127 or 2227 grade cotton.

After nearly a month of downward fluctuations, up to now, Akesu, Kashi and other places lint spot temporarily stable. On the 11 day, the Akesu platform 3128 grade lint main quotation quoted 14000-14200 yuan / ton, the inferior grade 3 grade cotton was in 13500-13600 yuan / ton, and the machine picked cotton 3 level quoted price was 12800-13000 yuan / ton. "The deal is not good. It's rare to see a deal." Mr. Zhao, a cotton merchant in Hebei, Cangzhou, who is doing cotton business in Akesu, said that the price of the platform has not risen slightly in the past week.

The reasons are as follows: first, the price of the ginning plant is very high, and some large cotton enterprises even insist on the original quotation. Second, cost support. Because the price of seed cotton has reached the bottom line of cotton farmers, and the cottonseed has always been "cloudy", the cost of lint cotton processing is generally 13400-13600 yuan / ton, the current market price is close to the cost of the cotton mill.

This year, the Xinjiang cotton farmers' income tax has been reduced. One of the Shandong cotton growers in Akesu, who is wrapped up in Shandong, has introduced 320 acres of cotton planted this year, with an average yield of 405 kg per mu, and the average price of seed cotton is 6 yuan / kg. gross proceeds 405 x 6.0=2430 yuan / mu. "The input of agricultural materials, the cost of collecting, and the cost of land consolidation are 2470 yuan / mu, which is the cost upside down." Lao Zhao said, now the loss is 2470-2430=40 yuan / mu. Now, the government has given every mu. Cotton Subsidy 191 yuan, after subsidies, net income is 191-40=151 yuan / mu. "Later, I don't know how much subsidies I can make, but how to calculate it is not as good as planting grain." Lao Zhao is very frustrated and intends to grow grain in his hometown next year.

Not only did cotton farmers get hurt, some Cotton merchant Textile enterprises also showed a pessimistic or wait-and-see attitude towards the latter stage. On the same day, a Shandong cotton merchant said that up to now, it is still impossible to see clearly the market. According to his view, although Xinjiang cotton has been temporarily stable in recent years, there may be a downtrend in the near future. A textile manufacturer in Binzhou, Shandong, said that the cost of transporting cotton to the mainland in Xinjiang is now 14700-14800 yuan / ton (3128 level), which still exceeds the bottom line of the enterprise psychology 400-500 yuan / ton. At present, the attitude of textile enterprises is to "observe some time again, and if cotton prices continue to be stable, they will start purchasing". As a result, many market participants believe that the recent Xinjiang cotton or start a sustained rebound.