Cotton Enterprises Encounter Capital Bottlenecks "Price Without Market" Is The Key.

In October 25th, the purchase price of cotton picking and machine picking cotton (40% linen) fell to 7.15-7.25 yuan / kg, 6.30-6.40 yuan / kg. Some ginning plants bought cotton seeds at the price of 7.30-7.35 yuan / kg, and only measured the moisture content of the cotton parts instead of the clothes and the length of the seeds. Considering that the seed cotton is the middle flower, the clothes are generally 41.5%-42%, and the moisture content of seed cotton is relatively low, generally less than 11%.

Therefore, the purchase price of "Tong Hua" is only 7.00-7.10 yuan / kg, down by 0.60-0.70 yuan / kg compared with the high point in early October.

Some local ginning factories said that the current shortage of funds was very serious, and the acquisition could only slow down or suspend.

The first is the loan bank.

"There is no sign of relaxation. The high proportion of self financing and the sale of cotton lint (and more than 10% deposit) are difficult to achieve for most of the ginning plants.

Two is even if the ginning factory loses 500-800 yuan / ton sales.

Buyers also do not take the initiative to take delivery of goods, "there is no price," resulting in the difficulty of returning goods outstanding.

It is understood that, at present, Bachu, Akesu and other regulatory libraries "double 28, double 29"

The gross weight quoted price is 15500-15700 yuan / ton, and the "3128 class" machine picking cotton gross price is quoted at 14800-15000 yuan / ton in North Xinjiang. The actual paction price is lower than the quoted price of 100-200 yuan / ton, but the cotton textile factories and operators in the mainland still rely mainly on wait-and-see, and the enthusiasm for inquiring and receiving goods is not high.

A cotton trader in Sichuan said that since late October, customers in Sichuan, Chongqing and Hunan had picked up the "double 28" hand picked cotton at the factory price of 16100-16200 yuan / ton (gross weight), and the cost of pporting goods from Akesu to Sichuan was about 900-950 yuan / ton (excluding Xinjiang cotton subsidies for Xinjiang). If the price of cotton lint was purchased at the price of 15400-15500 yuan / ton in the southern Xinjiang, the loss would be 200-300 yuan / ton.

Although there is a subsidy of 500 yuan / ton, the declaration and payment period of the subsidy is nearly one year. Not only the interest is relatively high, but also a large number of short-term purchasing funds are occupied, so the purchase of new cotton in late October is not only a loss but a loss.