The Trend Of Long Staple Cotton And Fine Cotton Is Echoed.

Recently, the price of PIMA cotton and Egypt's Zha Zha cotton has been reduced by 300-500 yuan / ton, closely following the trend of Xinjiang long staple cotton.

Considering that there are obvious signs of callback in the order of high count yarn, high density, high density fabric and fabric, the inventory of long staple cotton enterprises in the territory is still relatively abundant and the repayment pressure continues to rise, so some operators look down on the trend of long staple cotton in 6-8 months.

It is understood that since mid June, the trend of long staple cotton and fine cotton has been echoed in a long way. The paction has been in the doldrums, and the quoted price has been reduced by 200-300 yuan / ton.

On June 16-17, the 137, 237 and 336 pick up prices in Awati, Akesu were 27500-27800 yuan / ton, 26700-27000 yuan / ton, 25000-25500 yuan / ton respectively, and the price of long staple cotton was higher than that of local enterprises 300-500 yuan / ton.

The near future

The main reason for the lower quotation is that the price difference between long run cotton and long staple cotton mills is relatively large, and the pressure of repayment is very prominent.

Short term purchase and stockpiling will drop sharply.

Therefore, 4, May to the southern Xinjiang "seek goods" cotton business "disappeared overnight", upstream and downstream

Obviously shaken.

A company in Awati said that in 4 and May, most of the ginning mills, traders and cotton mills also thought that there was a gap between supply and demand of long staple cotton. The port SJV PIMA cotton was not only priced higher than the domestic long staple cotton, but also was severely limited by the import quota of cotton, so the phenomenon that the ginning factory sold the goods and the operators increased the price was very common. The acquisition of 2014/15 in the 2014/15 year increased 5000 tons of long staple cotton, and only more than 1800 tons were sold in the middle of June.