Xinjiang Cotton Is Facing A Dilemma In The Development Of Spinning Enterprises

At present, there are few cotton textile factories and cotton business enterprises in the mainland to purchase lint in Xinjiang. The inquiry and shipment of lint on the platform in the southern Xinjiang are still in a semi stagnant state, and the spot market has not yet been effectively started.

In recent days, ICE has been innovating repeatedly. The Zhengyuan cotton futures contract has broken 10000 yuan / ton mark and the rumors that the cotton reserves are not restricted at a low price. Since mid February, the inquiry and purchase of cotton spot trading that has just been active has been spilt cold water. Some textile enterprises with low raw material inventory have been reducing the replenishment volume, taking the delaying tactics, and "buying and buying with the purchase" has become a common market purchase mode.

A medium-sized cotton mill in Handan, Hebei, said that, on the one hand, the deep fall of electronic matching of futures and commodity cotton will lower the spot price. Although cotton processing enterprises and cotton merchants tried to be very expensive, any struggle would be meaningless under the big buyer market situation; on the other hand, from the point of view, the ICE cotton futures should correspond to the national cotton reserves.

Obviously, the strategy of spinning enterprises is wise.

A cotton textile mill in Zhengzhou, Henan, recently purchased 5 batches of lint from the Akesu warehouse. All the goods were picked up in the warehouse, all of which were 2129B grade, with a fracture strength of 28.5CN or above. The original single customs gross weight was 12400 yuan / ton, which was 300-400 yuan / ton before the Spring Festival.

Some rely on their own acquisition funds or fund-raising.

Since the beginning of January, processing enterprises have increased the intensity of throwing and recovering goods. Up to the end of February, a few ginning factories in Northern Xinjiang and southern Xinjiang have cleared up their inventory.

And the spot price of cotton is no longer concerned.

On the 24-25 th of February, the price of 2128C2 2129C2 (2129C2) of a cotton operator in Jiangsu was only 12500 yuan / ton, causing the attention of some cotton mills and middlemen.