National Cotton Exchange Market: Xinjiang Cotton Auction To Launch Resources

The national cotton exchange market is scheduled for sale in April 2nd. Xinjiang cotton sells 6415.332 tons of resources.

644.585 tons of resources.

A minimum price of 129.509 tons, 12900 yuan / ton, and 515.076 tons of machine picked cotton.

12100 yuan / ton), 5770.747 tons of resources purchased in the mainland area, 3508.926 tons of hand picked cotton, 12800 yuan / ton minimum price, 2261.821 tons of machine picked cotton and 13200 yuan / ton minimum bid.

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A spinning enterprise in Ji'nan, Shandong, mainly produces air spinning, combing and combing 12-60 branches. At present, the starting rate is 85%, and raw materials can be maintained for 18 days, which has been at the lowest level in recent years.

"At least 30 days in previous years, this year has dropped by nearly half."

The factory official said, first, the product is difficult to sell.

After the Spring Festival, there are few orders, and some are mainly small and short ones.

Up to now, the inventory of their finished products has increased to 26 days, up 35% over the same period.

Second, capital withdrawal is slow.

Since the beginning of this year, the number of downstream business owners has increased, or because of poor management, the difficulty of recovering money, and the tightening of loans from banks to textile enterprises, the pressure of funds is enormous.

In the process of understanding textile enterprises in Shandong, Hebei and Tianjin, we almost agree with each other: finished product inventory is rising, capital chain is tight, and we dare not prepare large quantities of raw materials.

In addition, the pessimistic psychology of the raw material market has also led many enterprises to play a trick on "hoarding goods".

As of March 26th, Shandong, Binzhou, Dezhou, Ji'nan and other real estate cotton spot 3128 to the factory price 13000-13300 yuan / ton, 4128 level 12600-12700 yuan / ton, 2227 to the factory price 12400-12500 yuan / ton.

Hebei, Tianjin and other places 3128 spot sale price 12900-13100 yuan / ton, some 200 small factory production small package cotton price interval in 12700-12800 yuan / ton, the current price stable operation.

However, due to market fluctuations, people are pessimistic about real estate cotton for the following reasons:

First, the Corps of machine picked cotton poured into the mainland.

Last week, a large textile manufacturer in Shandong purchased 50 thousand tons of machine picked cotton from Xinjiang Construction Corps, at a price lower than the market price of 300-400 yuan / ton, meeting the short-term cotton demand of the spinning enterprises, and at the same time caused many large and medium-sized textile enterprises in the mainland to follow suit.

Recently, many textile enterprises in Shandong, Hebei and Jiangsu and Zhejiang provinces have gone to Xinjiang to purchase machine picked cotton. The market expects that in April, Xinjiang cotton will enter a peak in the mainland.

Second, India cotton and American cotton have increased in the recent Port Free Trade Zone.

A trader in Qingdao port said that since the end of March, the United States cotton and India cotton in the bonded area and logistics area have increased significantly.

First, the price of India cotton S-6 1-5/32 in the new season is 13500-13600 yuan / ton, and the quality is poor at only 13100-13200 yuan / ton, down 100-200 yuan / ton compared with March 20th.

The price of some cotton traders C/A SM 1-1/8 and C/A M 1-5/32 is 81.50 cents / pound, 80 cents / pound respectively, and the RMB price under the quota is 13030 yuan / ton and 12740 yuan / ton respectively.

It is understood that as of now, textile enterprises use 1% tariff quota clearance higher enthusiasm, low price of cotton and India cotton into the mainland market, the impact on cotton prices.

This has caused many textile enterprises' psychology of "wait-and-see, wait and see" and "wait and see", and hold a negative attitude towards raw material procurement.

As of the end of this month, the inventory of raw materials for textile enterprises in Ji Lu and Jiangsu and Zhejiang provinces is mostly in 15-30 days, especially in some small and tight funds. Most stocks are below 20 days, and only 10 Yu Tian.

"From the inventory situation, it is imperative to replenishment in the near future. In fact, a small number of enterprises have shown signs of replenishment."

A market source said, however, in view of the difficulties of the spinning enterprises and the pessimistic attitude towards the market, they may postpone the replenishment time or reduce the amount of replenishment.

More and more textile enterprises are more popular with Xinjiang's machine picked cotton.

In the near future, the picking price of the machine picked cotton in the inland warehouse is generally 13000-13400 yuan / ton (depending on the quality situation), while the delivery price in Xinjiang Corps is 12900-13200 yuan / ton (one-time order of 3-5 tons), and the market is expected to be the selling season of Xinjiang machine picked cotton in April.

Some spinning enterprises have a large number of customs clearance.

The quality of the United States cotton far exceeds that of Xinjiang cotton and real estate cotton, which is comparable to that of Australia cotton, but the price is about 10 cents / pound lower than that of Australia cotton.

The expectations of the mainland textile enterprises on the US cotton are very urgent. After the quota has been received, plus the end of the US West Coast workers strike, it is expected that in April, the US cotton will arrive in large quantities and go through customs.

Part of the textile industry is stepping up its purchase of long staple cotton.

Up to now, whether in the mainland or in Xinjiang, long staple cotton is hot.

On the 27 day, the price of the 137 class warehouse in Ji'nan, Shandong was about 28300 yuan / ton, and the purchasing enthusiasm of textile enterprises remained undiminished.

To sum up, 4-5 months, textile enterprises complement or gradually start, but may not appear the so-called "climax".

High quality cotton may fluctuate little, but low grade cotton prices may still be under great pressure.