Cotton Enterprises Can Not Lock The Cost Of Long Staple Cotton In The Short Term

It is understood that since mid October, the purchase price of fine cotton has decreased by 0.10-0.15 yuan / kg, and the paction price of the mainland's long staple cotton has dropped by 200-300 yuan / ton (137, 237 respectively below 21500 yuan / ton, 20500 yuan / ton). In addition, due to the tight purchasing fund, the proportion of cotton enterprises decreasing and stopping has been rising. At present, Awati's long staple cotton seed cotton purchase price (32-33%) is reduced to 7.55-7.65 yuan / kg (individual cotton enterprises are below 7.50 yuan / kg), and there is no sign of stabilizing.

A long staple cotton enterprise in Akesu said that because of the loss of more than 70% of long staple cotton enterprises in the 2015/16 region in the year of September, some cotton enterprises had not yet been "unlocked" until the end of the year. Therefore, this year, including the Agricultural Development Bank, credit cooperatives and other commercial banks, the support for long staple cotton cotton enterprises loans has been greatly weakened. Not only the loan quota has been reduced, but also the manufacturers that obtain credit qualifications have significantly reduced.

In addition, not only seed cotton has been introduced recently.

Continuous diving, the downstream combed yarn and high combed combed yarn prices also overall callback 300-500 yuan / ton, cotton enterprises worried about the reappearance of 2015/16 annual cotton prices "down the road" led enterprises from the "set to the deep and even jail" of the tragedy repeat, timely to the seed cotton purchase market "cooling".

October 23-24, South Xinjiang cotton seed purchase price 2.40-2.42 yuan / kg (

The price of oil and short staple factories is about 2.45 yuan / kg (to the factory), which is basically in a weak and stable state, but "sellers are many and buyers are few". Cotton enterprises can not lock the cost of long staple cotton in the short term.

Some cotton enterprises said that due to late September to early October, the purchase price of 33% lint long staple cotton once reached 8.20-8.30 yuan / kg, so the cost of Kwu PI cotton is now more than 21000 yuan / ton. Cotton enterprises hope that the relevant lending banks will increase their support and take advantage of the opportunity of seed cotton dropping to 7.50 yuan / kg or even lower.