The Final Price Of The New Flower Is Expected To Be Low.

At the end of September, the cotton spinning came to an end, but a large number of new Xinjiang flower market was expected to wait until mid October. Before the new flower came into the market, domestic cotton supply mainly depended on cotton reserves, so it was expected that the auction of cotton reserves would be very intense at the end of September.

In the new flower market, according to China Cotton data, as of September 21st,

The new cotton processing capacity is only 25 thousand tons, and the national inspection volume is only 2428 tons. At present, the purchase price of Xinjiang new flower is maintained at 6.5-7 yuan / kg, according to the cottonseed price of 2.5 yuan / kilogram, the lint 40 and the processing cost 1000 yuan, the cost of the new flower is 13500-14750 yuan / ton.

The auction of cotton reserves is coming to an end in September. As the price of new cotton is expected to be higher, from the current quotation, the price is about 14500 yuan / ton -15500, so the textile enterprises actively bid for the stock before the end of the cotton reserve, and the turnover rate is 100% in recent days. The average price of the paction has gone up slightly. The average price of the current cotton reserve is about 13700 yuan / ton, which is lower than the expected price of the new cotton.

As of September 21st, the cumulative turnover of cotton reserves totaled 2 million 410 thousand tons.

Judging from the current auction situation, it is estimated that by the end of September, the total amount of cotton auction will reach 2 million 600 thousand tons.

According to the previous record, the current state reserve cotton has about 10 million 500 thousand tons, throwing away the amount of the auction, and there are about 7 million 900 thousand tons of cotton reserves in the national treasury, but because of the long time in the warehouse,

The water in the reservoir is gradually lost. In addition, there are still many cotton stocks in the foreign reservoir. The quality of cotton used in the national reservoir is far below 7 million 900 thousand tons.

The Logistics Association of China Cotton Association has investigated the inventory of 178 warehouse members in 18 provinces and cities nationwide. By the end of August, the turnover of commodity cotton turnover was 311 thousand and 500 tons (including 222 thousand and 300 tons in the inland bank and 89 thousand and 200 tons in the Xinjiang Library), including new cotton and Chen Mian, a decrease of 113 thousand and 300 tons, a decrease of 26.67% over the previous month.

The total amount of Xinjiang cotton in the turnover of commodity cotton is 213 thousand and 700 tons, accounting for 68.6% of total inventory, 20.11% of imported cotton and 11.29% of real cotton.

Based on this, the national cotton is calculated.

The total volume is about 323 thousand and 200 tons, a decrease of 111 thousand and 600 tons from last month.

In the whole year of 2015/16 (September 2015 -2016 August), China imported 960 thousand tons of cotton, a decrease of 710 thousand tons compared with the same period last year, a decrease of 43%.

In the fourth quarter of the year, the import volume of cotton will increase as the enterprises use their quotas as soon as possible, and this year's situation is no exception.

Judging from the situation this year and next year, the state is still going to stock up. It is estimated that the quota of cotton imports will not be released next year. Therefore, it is estimated that the cotton imports will not be much different from the situation this year, and the import volume will remain at around 1 million tons.