South Xinjiang Seed Cotton Picking Up To 80% Cotton City Confidence Gradually Restored

Xinjiang picked up faster progress, cotton city confidence gradually restored, 2015/16 high grade, high quality lint shortage is expected to continue to rise, some cotton enterprises in a timely manner to take cotton wool pledge loans, self financing way, in the 5.50 yuan / kg below the market's enthusiasm continues to recover.

According to the survey, as of October 28th, the cotton picking area of Kashi cotton growing area in southern Xinjiang (including Bachu, Mengaiti, Jiashi, Shache, etc.) has reached more than 80%, and cotton growers and planting units only have to wait for picking up frost.

Picking progress in Akesu and Korla is slow, but due to the drop in unit yield and the low temperature in the rainfall and cooling season,

Progress is also widespread to 65-70%.

The Corps mainly picked cotton by machine and started early. The progress of picking and selling also reached 80% and 70% respectively.

In the northern part of Shihezi, Kui Tun and other landlords cotton producing areas accounted for 80-85% of machine picked cotton, though affected by the gradual cooling of precipitation, the overall seed cotton picking and selling progress was close to 70%.

Some cotton growers in Hutubi, Manasi and Changji said they expected the end of the harvest after the end of November, and the yields and profits would also come to an end. This year, the purchase of seed cotton showed "late listing, quick pickup, slow sale, little funds", cotton growers and cotton enterprises.

The game is running through the entire acquisition season.

In late October, the purchase price of hand picked cotton was 40% yuan and 12% within Shawan, Jinghe, Tahe and other places in 5.4-5.5 yuan / kg, while in Shihezi, Kuitun and other regions, the 40% linen purchase price was 5.5-5.6 yuan / kg.

On the one hand, since October 20th, Zheng's main contract has continued to oscillate and rebound to 27 days, exceeding 300 yuan / ton. The panic of Cotton Traders and traders has been greatly alleviated, and confidence in the market has gradually resumed. On the other hand, the expected high grade and high quality lint shortage in 2015/16 has been rising rapidly.

In a timely manner, the enthusiasm of the lint pledge loan and the self raised fund in the market below 5.50 yuan / kg has been continuously restored.