The Problem Of Xinjiang Cotton Leaving Xinjiang Still Exists, And The Freight Increases Sharply, Which Increases The Cotton Cost Of Textile Enterprises

According to the latest statistics of the 2016 Xinjiang cotton professional warehousing schedule of the national cotton trading market, as of November 13, the cumulative warehousing volume of Xinjiang cotton was 2015600 tons, breaking the 2 million ton mark on the same day last year, and the warehousing progress was 0.1% slower than the same period. Local enterprises' warehousing volume was 64%, 4% faster than that of the same period in 2015; The warehousing volume of XPCC enterprises was 36%, 6.9% slower than that of the same period in 2015.

However, in terms of purchase volume, as of November 13, cumulative seed cotton buy The volume was 6.5465 million tons, down 5.6% year on year, of which the local purchase volume was 4.8117 million tons, down 1.3% year on year, and the Corps purchase volume was 1.7348 million tons, down 15.7% year on year. This shows that although the warehousing speed is the same as that of last year, the progress of acquisition, especially the progress of XPCC acquisition, is significantly slower than that of last year, and the actual output of Xinjiang cotton is still uncertain.

In terms of outbound volume, due to the cotton The sales strategy was adjusted compared with last year, and the sales period was earlier, so the delivery speed doubled compared with previous years. However, the total delivery volume was still significantly reduced by nearly 1/3 compared with last year. On the one hand, because the cost price of lint is inversely linked to the sales price, textile enterprises purchase less lint, and ginning plant lint is unsalable. On the other hand, it is difficult to transport cotton to Xinjiang, and the freight rate has soared, increasing the cotton cost of textile enterprises.

On Tuesday, Zheng Mian's main contract opened significantly lower, then rose in shock, then the price fell, and the price closed lower in the end. 1701 contract fell 490 to 154151705 contract fell 530 to 154101709 contract fell 370 to 15510, Zheng Mian's position reached 372000 hands. The quantity of Zheng Mian's warehouse receipts is 646 (- 10), and the quantity of effective warehouse receipts is 460 (- 104). As of 24:00 on November 13, the cumulative processing volume of Xinjiang cotton was 2.311 million tons, the cumulative national inspection volume was 1.89 million tons, and the warehousing volume of Xinjiang cotton was 2.0156 million tons.

At present, the purchase of seed cotton is nearing the end, and the purchase of seed cotton has slightly raised its tail. The purchase price of hand picked cotton in southern Xinjiang (40% lint percentage, moisture content less than 13%) is 7.20-7.40 yuan/kg, and the price of machine picked cotton in northern Xinjiang is 6.2-6.8 yuan/kg. The spot price of lint also fluctuates slightly with the futures market. At present, the quotation of Kashi 3128B lint is 15500 yuan/ton. The quotation of "Double 29" lint in Bazhou is 15600-15800 yuan/ton.

In the near future, the pressure of railway transportation is still high, and the vehicles are transported out of Xinjiang cost It is also getting higher and higher. In addition to the heavy snow blocking roads in some areas of Xinjiang, the problem of Xinjiang's cotton leaving Xinjiang is still prominent. A large number of Xinjiang's cotton has not been shipped out, and part of the reason is that the mainland textile enterprises are not active in purchasing. Although the mainland textile enterprises are facing the demand for replenishment, they will support Zheng Mian's price in the short term, but the price of Xinjiang's cotton is relatively high, and most enterprises buy it when they use it.

With the sharp rise of prices last Friday, many ginning plants have established hedging positions in the futures market, which will put pressure on the spot market later. Therefore, it is expected that Zheng Mian will maintain a volatile trend in the short term. Recently, funds have a great impact on the market. A large amount of funds were withdrawn from the futures market last Friday. Whether they will flow into the futures market again in the short term still needs to be closely watched, and light position trading can be maintained. The problem of Xinjiang cotton leaving Xinjiang still exists Short term textile enterprises are not active in purchasing.