The Majority Of Commercial Cotton Purchased In Northern Jiangsu Is Xinjiang Cotton.

Jiangsu's textile enterprises have been unable to maintain production through the surrounding cotton resources after the cotton production area and output have dropped dramatically.

Recently, some key cotton spinning enterprises mainly used to purchase local resources in Northern Jiangsu Province in the past few years, and most of the commercial cotton used for purchasing is Xinjiang cotton in Jiangsu.

The cotton textile personages in the mainland think that under the guidance of the national macroeconomic regulation and control policy, the production and use of Xinjiang cotton will become more reasonable and effective as a resource allocation.

A general manager of cotton purchasing, processing and weaving has said that Jiangsu's cotton acquisition business has been less than a year from quantity or quality, and has lost its support for the textile industry. Many enterprises have focused on the purchase of raw materials in Xinjiang cotton.

The person in charge said that according to the scale analysis, at present

Textile enterprises Xinjiang cotton utilization rate of at least 70%, especially those large spindles, almost all use Xinjiang cotton.

In some medium and small scale textile enterprises, the proportion of Xinjiang cotton is also more than half of the raw material inventory. Of course, its procurement form is different from that of some scale enterprises. Most small and medium enterprises are bought by traders or cotton and hemp company, and their price is slightly different from that of direct purchase of Xinjiang cotton.

The reason why Xinjiang cotton has increased its consumption in the mainland textile enterprises is due to many aspects:

First, the cotton area and output of Yangtze River and the Yellow River River Basin have been seriously reduced in recent years. Local textile enterprises can not rely on the effective supply of local resources to maintain basic production and operation.

Two, the adjustment of the national cotton industry policy has promoted the improvement and innovation of Xinjiang cotton purchase and sale work, and the output of resources has been more convenient and faster than before.

The three is the multimodal cooperative operation between Xinjiang cotton enterprises and the cotton enterprises and textile enterprises in the mainland. It has accelerated the increase in the number of Xinjiang cotton flowing to the mainland.

Four is the cotton business enterprise's active management and convenient service, greatly facilitated some small and medium-sized textile enterprises to purchase Xinjiang cotton; five, Xinjiang cotton has good quality, strong spinnability, and more suitable for enterprises to produce yarn products.

And August's "drop and fall" is different, entering the domestic cotton futures in September.

A sharp rebound, as of September 30th the main period cotton settlement price of 15100 yuan / ton, compared with the beginning of the month 13600 yuan / ton, or up to 11.03%.

The price rise in the spot market slowed slightly. As of 30, the average price of 3128B grade lint market was 14865 yuan / ton, up 5.38% from 14106 yuan / ton in September 1st, up 13.93% from the same period last year.

The main reason for this round of price rebound is:

First, the tight supply of cotton is expected, and the fear of cotton spinning is about to end.

In September 30th, after the end of the storage of cotton reserves, the market volume of new cotton was still small, and the supply of cotton in the market was short in the short term.

It is widely believed that cotton will be on the market in late 10, especially in the mainland.

therefore

The turnover was positive. In the past week, the turnover rate of cotton reserves rose to 100%, indicating the buyer's dependence on cotton reserves and the general worry about the supply of cotton in the future.

Cotton imports continued to slump. In 2016 1-8, China imported 594 thousand and 300 tons of cotton, down 514 thousand and 100 tons, or 46.39%.

Next is the rise in seed cotton purchase price.

Especially near the end of September, Xinjiang cotton prices rose rapidly, affected by local bad weather and pportation costs. Many local purchasing prices have been around 7.5 yuan / kg, or even 7.8 yuan per kilogram.