The Rising Freight Cost Of Xinjiang Cotton Increases The Cost Of Cotton Textile Enterprises
According to the latest statistics of Xinjiang cotton professional storage schedule in the 2016 cotton trading market of the whole country, as of November 13th, the total amount of Xinjiang cotton storage was 2 million 15 thousand and 600 tons, which exceeded 2 million tons mark on the same day last year, and the progress of warehousing was 0.1% slower than that of the same period.
Local enterprises accounted for 64% of the total volume, faster than 4% in the same period of 2015, and 36% of the Corps, which was slower than 6.9% in the same period of 2015.
However, as for the purchase volume, as of November 13th, the accumulated seed cotton
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The volume was 6 million 546 thousand and 500 tons, down 5.6% compared with the same period last year, of which the local purchase volume was 4 million 811 thousand and 700 tons, down 1.3% compared with the same period last year, and the purchasing volume of the Corps was 1 million 734 thousand and 800 tons, a sharp decrease of 15.7% compared to the same period last year.
This shows that although the warehousing speed was flat last year, the progress of the acquisition, especially the progress of the acquisition of the regiment, slowed down significantly compared with that of last year, and the actual output of Xinjiang cotton is still uncertain.
In terms of output, the Corps
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The sales strategy was adjusted earlier than last year, and the sales period was ahead of schedule. Therefore, the speed of warehouse outgoing was doubled. However, the total outgoing volume still decreased by nearly 1/3 compared with last year.
On the one hand, because of the upside down of the cost price of lint and the selling price, the purchasing of textile enterprises is less, and the lint of the cotton ginning mill is unsalable.
On the other hand, it is difficult to pport cotton and pport costs.
Zheng cotton's main contract was sharply lower on Tuesday, then the shock rose, followed by a fall in prices and lower prices in late trading.
1701, the contract fell 490 to 154151705, the contract fell 530 to 154101709, the contract fell 370 to 15510, and Cheng cotton reached 372 thousand hands.
Zheng cotton warehouse volume 646 (-10), effective warehouse receipt volume 460 (-104).
As at 24 hours in November 13th, Xinjiang cotton processed 2 million 311 thousand tons, the total volume of public inspection was 1 million 890 thousand tons, and Xinjiang cotton reached 2 million 15 thousand and 600 tons.
At present, the acquisition of seed cotton is coming to an end. The acquisition of seed cotton is slightly upside down. The purchase price of hand picked cotton in southern Xinjiang (40% lint, 13% of water content) is 7.20-7.40 yuan / kg, the price of machine picked cotton in North Xinjiang is 6.2-6.8 yuan / kg, and the spot price of lint is also fluctuating slightly along with the futures market.
At present, Kashi 3128B lint price is quoted at 15500 yuan / ton.
Bazhou area "double 29" lint price is quoted at 15600-15800 yuan / ton.
Recently, the pressure of railway pportation is still heavy, and the freight pportation is out of the border.
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It is also getting higher and higher. In addition, due to heavy snow and obstructing roads in some parts of Xinjiang, Xinjiang cotton is still outstanding. A large number of Xinjiang cotton are not shipped abroad, and partly because the procurement of textile enterprises in the mainland is not active. Although the mainland textile enterprises are facing the demand for replenishment, they will give Zheng Mian price support in the short term, but the price of Xinjiang cotton is relatively high.
As the price rose last Friday, many cotton ginning plants built up warehouse guarantees in the futures market. Later, they would put pressure on the spot market.
Therefore, it is expected that Zheng cotton will continue to maintain a concussion trend in the short term.
Recent funds have a greater impact on the market. Large quantities of funds were withdrawn from the futures market last Friday. Whether or not they will return again in the near future still need to be closely watched to maintain light trading.
The issue of Xinjiang cotton is still in short supply. Short term textile enterprises are not actively buying.
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