The Price Of Long Staple Cotton Has Been Lowered, And The Price Of Zheng Cotton Has Dropped Sharply.

According to some ginning plants in Awati and Kuche, the purchase price of long staple cotton seed cotton has been down sharply in recent days due to the decline in the price of Zheng cotton contract in mid October and the reduction of 0.40-0.50 cotton / cotton seed purchase price.

According to the current market situation, 32% lint seed cotton is bought by 7.70 yuan / kg, and the ginning factory also has no profit or even a deficit of 300-500 yuan / ton loss.

In the middle and October of the first half of the year, a handful of cotton ginning plants snatch the seed cotton at the price of 7.80-8.10 yuan / kg, and the loss space will be bigger.

October 18-19, 32-33% lint, less than 11% cotton seed purchase price 7.70-7.75 yuan / kg, 30-31% lint, 11% cotton seed purchase price of 7.50-7.60 yuan / kg, are lower than the October high in the middle of October down 0.30-0.35 yuan / kg.

Seed cotton purchase price is lower than expected 8 yuan / kg, cotton growers and cotton brokers generally reluctant to sell, plus due to the lack of pickers and seed cotton due to early rainfall and hail caused by the delay in the listing period, the cotton mill seed cotton acquisition progress lagged behind the 2014 and 2015 years.

A long staple enterprise in Akesu has said that the purchase price of 32% lint seed cotton is 7.75 yuan / kg at present. The cottonseed price is calculated at 2.40 yuan / kg. The direct cost of 137 and 137 grades of long staple cotton is also 20300 yuan / ton (the processing cost of long staple cotton is calculated by 1200 yuan / ton).

In mid October, the 137 and 237 corps of long staple cotton came to the factory at a price of only 21500-21700 yuan / ton and 20500-20800 yuan / ton (gross weight, corps long staple cotton higher than local ginning factory 400-500 yuan / ton).

According to customs statistics, in September 2016, China's cotton import volume was 60 thousand and 400 tons, an increase of 19.47% over the same period last year, a decrease of 12.82% compared with August, and 1-9 months of accumulative cotton.

It was 654 thousand and 200 tons, a decrease of 43.51% over the same period.

According to China's cotton net news, the regiment now adopts the pre-sale mode, the price of the lint advance sale is 14500 yuan / ton, plus 2000 yuan / ton risk margin, and finally, according to the market price, the company should pay more back and fill less.

Up to now, the regiment has not yet issued a large single preferential measure. The order amount was 10 thousand yuan, 100 yuan / ton, 20 thousand tons discount 200 yuan / ton, thirty thousand tons and more than 300 yuan / ton the year before.

Wednesday

Futures contracts fell sharply, the main contract rose after opening, followed by a concussion, the afternoon price quickly pulled down, a large number of large departure, the price fell sharply.

Today, Zheng cotton turnover increased sharply, the position dropped to 487 thousand hands sharply, and 30 thousand days reduced.

1701 the contract fell 65 to 150351705, the contract fell 40 to 149251709, and the contract fell 75 to 14985.

At present, the warehouse warehouse volume of Zheng cotton is 688 (-13), and the effective warehouse receipt is 192 (0).

At present, seed cotton purchase price is relatively stable, southern Xinjiang pick cotton 40 lint.

At 7.3-7.6 yuan / kg, the price of machine picked cotton in North Xinjiang is 6.4-7 yuan / kg, but the spot price of lint is still relatively strong. At present, the 3128B class hand picking cotton price is still concentrated in 15800-16300 yuan / ton (gross weight settlement), and the new cotton price is higher, but the textile enterprises are not eager to purchase, and the actual paction volume is small.

In terms of Xinjiang xincotton, the processing capacity and inspection progress of new cotton are accelerating. The processing volume of new cotton is about 5-6 tons. As at 24 o'clock in October 18th, Xinjiang cotton processed 927 thousand tons, and the total public inspection volume was 582 thousand tons. In the same period last year, Xinjiang cotton processed 983 thousand tons, and the total volume of public inspection in the country was 603 thousand tons.

As of October 18th, Xinjiang cotton was 716 thousand tons in storage and 489 thousand tons in storage.

Yesterday, the market rumors that the regiment sales guidance price was set as 3128B class cotton linen weight 14800-15000 yuan / ton, if the news is true, then the price will have greater pressure on the market, the market price is lower than the Corps possibility, and it is expected that the latter will still be weak trend. The main contract is concerned about whether the 40 day moving average is effectively broken down.

Pay attention to the sales price of the regiment and the change of seed cotton purchase price.