Xinjiang Lint Sales Are Picking Up And Rebounding Of Lint Prices In Southern Xinjiang

Textile enterprises in Henan, Hebei and Jiangsu indicated that Xinjiang Xinjiang cotton and BINGTUAN Cotton, which had been competing for sale outside the cotton trade and port market in the Port Free Trade Zone, were declining in grade, strong decline and horse value. Although the fiber length was good, the spinning of 40S and above high count yarn with cotton was difficult, and high grade cotton was replenish.

Already imminent.

On 2 and 3 November, the quotations for gross and gross delivery of platforms 3128 and 2128 in the southern Akesu and Bachu were 12600-12800 yuan / ton and 12900-13000 yuan / ton respectively. The purchasing enterprises did not value the 31 and 21 grades. The price difference was only 100 yuan / ton, mainly considering fiber length, strength, horse value and so on.

Affected by Xinjiang

Sales gradually warmed up and the growth of the contract continued to rise in the long term. The ginning mills within the territory dared to raise the price of 0.05-0.10 yuan / kg to win the high-quality mid term seed cotton.

along with

In the mid-term, the quality of flower inspection increased (the ratio of fiber length 28mm and horse value C2 increased significantly); the cotton imports outside the port were short of cotton import quotas and the difference between inside and outside cotton prices were nearly 1000 yuan / ton, while the cotton and textile enterprises in the mainland chose to ignore them; the high grade, high quality hand picked cotton and the 3128 grade cotton picking and processing products had a rebound.

In order to save pportation to the warehouse in the mainland, the buyers and sellers have to pay for the pportation, storage, insurance and so on. The cost is 100 yuan / ton in a month, and the loading and unloading fee is 55-60 yuan / ton. Most of the buyers agree to pick up the goods near the railway platform or to the factory price.

Related links:

ICE cotton futures rose slightly on Thursday. The most active December contract rose 0.01 cents, closing at 61.95 cents. The US Department of agriculture's sales report released on Thursday showed that in the week ending October 29th, the US 2015/16 cotton export net sales of 147200 packages, a significant increase of 94% over the previous week, 32% higher than the previous four weeks, and 164300 packages of export shipment, the highest level in the market.

Although sales to mainland China are small, the overall sales volume is strong, which has a strong support for cotton prices, offset the impact of the decline of most of the commodities on the periphery, but this is only temporary stability and upward resistance. The main cotton producing countries in India, China and the United States are in the harvest stage, and the short-term supply is increasing.

ICE cotton price low adjustment, the trend is weak, short-term will remain biased adjustment market.

At the end of the traditional peak season, the order of textile enterprises is insufficient, production is also produced according to single production, sales are in a predicament, and demand for raw materials is flat.

Although the adjustment of Zhengzhou cotton futures is at a low level, it is still facing a downward pressure.

The 1605 month contract of Zheng cotton futures went down at a low price on Thursday. It closed down 85 yuan, closing at 11685 yuan, closing about 124 thousand hands and holding about 330 thousand hands.

On the spot, China's cotton price index 3128B cotton index rose 6 points yesterday, and the spot index continued to rise slightly. The spot index continued to rise slightly. The picking up of the the Yellow River River Basin was basically over, and the sale of seed cotton was difficult. Compared with Xinjiang cotton pported to the mainland, the mainland cotton had no price advantage. The textile enterprises favored Xinjiang cotton in the procurement selection, which also made the cotton enterprises in the mainland not enthusiastic about purchasing and processing 12997.