China'S Main Price Of Imported Cotton Continues To Rise

In January 29th,

China's main port price continued to rise, and the varieties generally rose 0.65-0.75 cents.

Since the beginning of this week, the price of cotton has been rising, and the quota has not yet been issued. The high level spot resources before the festival are becoming scarce.

The market will enter in the near future.

During the hype period, cotton prices are more likely to continue to consolidate or test for rise.

January 29th, international

(SM) 73.69 (cents / pound, the same below), up 69 points, discount general trade port delivery price 11550 yuan / ton (calculated by 1% tariff, the exchange rate is calculated according to the Bank of China's middle price), the international cotton index (M) 68.75 cents, up 71 points, discount general trade port delivery price 10789 yuan / ton.

The prices of main varieties are as follows:

In the SM 1-1/8 "grade cotton, the price of C/A cotton in the United States is 79.60 (cent / pound, the same), and the price of the general trading port of RMB is 12445 yuan / ton (according to the 1% tariff, the same below).

The US E/MOT cotton quotation is 72.60, and the general trade port delivery price is 11368 yuan / ton.

Australia cotton quotation is 83.87, discount general trade port delivery price 13101 yuan / ton.

Uzbekistan cotton quotation is 77.60, discount general trade port delivery price 12137 yuan / ton.

The quotation for West African cotton is 68.80, and the general trade port delivery price is 10783 tons.

India cotton quotation is 68.55, discount general trade port delivery price 10745 yuan / ton.

The US E/MOT M 1-3/32 "grade" cotton price is 70.40, and the general trade port delivery price is 11029 yuan / ton.

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It is understood that, by the Xinjiang production and Construction Corps lint quotation is strong, Zheng cotton main contract "Sanlian Yang" and lint costs high support to promote, January, 28-29, Jiang Xinjiang cotton sales quotes have been stabilized, some of the better quality, "three silk" content is low, financial pressure has been slow to solve the cotton processing enterprises have the willingness to raise the price of lint, there is a big "mountain rain coming full wind" posture.

Cotton enterprises in Akesu and Korla indicated that due to the scarcity of high-grade cotton and Australian cotton delivered to Hong Kong before the end of February, they were significantly lower than those expected by cotton manufacturers and traders. In addition, the acquisition and processing of real estate cotton in the Yellow River basin had entered the later stage, and the quality of seed cotton and lint declined further. The substitution effect of Xinjiang cotton gradually weakened, while the raw material inventory of cotton mill in 1-2 was relatively low.

On January 28-29, the 2128 grade hand picked cotton and wool weight quoted price 13800-14000 yuan / ton, and the quoted price below 13600 yuan / ton basically disappeared.

The cotton growers in Sha ya, Kuche, Xin He, Ke Ping and other places in Akesu showed that the first batch of direct subsidy was gradually distributed. Some farmers thought that the total cotton direct subsidy in 2014 would be lower than the 600 yuan / mu estimated by the farmers. Especially the farmers' income in the package area had a larger decline than that in 2012 and 2013. Some farmers in the 800-1000 yuan / mu contracted the county, township and village land even had a big loss, and the enthusiasm for planting cotton decreased.

Some cotton enterprises predict that in 2015 Akesu, Bachu and other places, the cotton planting area decreased by more than 20%, and many large growers did not purchase cotton seeds, fertilizer, plastic film, pesticides and other materials as of the end of January.