Xinjiang: After The Spring Festival, The Main Pressure Of Cotton Market Is Still Undiminished.

The spot price of hand picked cotton has risen slightly.

From February to 15-16 February, the purchase of seed cotton in ginning plants in Xinjiang, Akesu and other places was stopped and spot trading was suspended.

We have slightly raised some quality spot quotes.

On the 16 day, the spot price of a 2128 and 3128 spot in a ginning factory in Akesu was 14200-14300 yuan / ton and 13800-13900 yuan / ton, respectively, up 100-200 yuan / ton compared with 9 days.

Talking about the increase of raw materials, the head of the enterprise said, first, there are few left hand quality cotton pickers in the Xinjiang cotton ginning factory and the quality of the products is rare. Second, at present, the cost of picking cotton in Xinjiang is 200-300 yuan / ton with the quoted price of the market.

Due to the Spring Festival holiday, although the enterprises have raised their prices, the wait-and-see mood of the lower reaches is strong, and the enquiry is relatively cold.

Xinjiang machine picked cotton is not asked.

According to the northern Shihezi local ginning factory and some Corps enterprises, since the middle of February, the machine picked cotton has never been asked.

On the 15-16 day, the mainstream price of machine picked cotton in Shihezi local ginning factory was quoted at 12500-12600 yuan / ton, which was 100-200 yuan / ton lower than that in February 6th.

"There are so many sources of goods that it is difficult to sell them to the mainland."

A Xinjiang Han cotton business owner said that this year's machine picked cotton has two disadvantages. First, too many impurities, especially some of the dead leaves and thin films which were inhaled, were mixed with cotton. The quality was very bad. The 40-60 yarn enterprises hardly needed it. Second, the total amount was relatively large. It is understood that this year, Xinjiang corps and local machine picked cotton accounted for 30% of the total output. With the total cotton production in Xinjiang 4 million 500 thousand tons, the machine picked cotton accounted for 450 x 0.3=135 million tons, and the supply and demand were very loose, which was bad for sales.

Financial pressure on cotton enterprises is bigger.

According to the northern Xinjiang and southern Xinjiang, some Xinjiang enterprises have been back up to now.

The acquisition has been completed more than 95%, processing cotton to complete 4 million 200 thousand tons, the progress is faster.

But in sharp contrast, the sales of lint sales are very slow. Shihezi,

The local ginning factory only completed the sales volume of 20-30%.

This is not the same as the era of storage and pportation. In the cost year, most of the cotton resources in Xinjiang were "stuck" in the hands of ginning plants, plus the banks of the banks.

The monthly recovery of cotton to support the acquisition of loans, part of the ginning factory through social financing led to a substantial increase in financial costs.

In addition, the pfer of warehouses to the mainland requires payment of warehousing, storage, pportation and loan interest, warehousing costs, and so on.

Even some enterprises solve the financial difficulties through the pledge financing of the lint commercial bank.

Xinjiang cotton was hit in the mainland.

After entering into February, the high quality real estate cotton in the mainland is relatively popular.

For example, some of the 3128 grade cotton produced by some ginning factories only cost 13100-13200 yuan / ton, and the same level of Xinjiang cotton is priced at 14200-14300 yuan / ton, and the difference between them is 1100-1200 yuan / ton.

In addition, India cotton has a bumper harvest this year, and its total output exceeds China's output. In mid February, the price of RMB S-6 cotton picked up in Qingdao port and Zhangjiagang at the level of 14100-14300 yuan / ton in India cotton was basically the same as the 3128 grade Xinjiang cotton.

However, India cotton is characterized by less impurity and less "three silk", and domestic textile enterprises are more willing to use India cotton.

According to the cotton merchants in the mainland, the overall sales progress of hand picked cotton and machine picked cotton in Shandong, Hebei and Jiangsu and Zhejiang provinces has not been well established, and there is a wait-and-see mentality in the downstream cotton enterprises.

Therefore, we are worried that Xinjiang cotton will suffer more setbacks in the mainland after the Spring Festival.