There Will Be A Gap In Domestic High-Grade Cotton And Cotton Prices Will Rise Next Year.

In December, most cotton picking in Xinjiang was basically over, and seed cotton acquisition was coming to an end. As of November 30, 2016, the picking rate in Xinjiang was 96.97%, 1.43 percentage points slower than last year, and the sales volume reached 3 million 390 thousand tons, accounting for 92.07% of the total output. The progress was 0.23 percentage points slower than last year.

The machine picked cotton in northern Xinjiang has been basically closed down. Only a small number of processing enterprises are still acquiring in some parts of the country. Picking up cotton in southern Xinjiang is slow this year, and there are still some high grade mid high flowers listed, most of the processing enterprises are still open to purchase.

Xinjiang new cotton purchase price 3129 class machine picked cotton in 6.3-6.5 yuan / kg, hand picked cotton in 7.2-7.45 yuan / kg.

As of December 4th, 3 million 124 thousand and 600 tons of lint had been processed in Xinjiang, and the actual storage volume of Xinjiang professional supervision warehouse in 2016 was 2 million 894 thousand and 900 tons.

Cotton picking in the mainland is also close to completion. The cotton farmers' sales are not positive, and the progress is slower than that in Xinjiang.

Last week (November 28th -12 2), due to the low impact of the futures market, domestic cotton spot prices fell slightly. In December 2nd, China's cotton price index CC Index (3128B) closed at 15949 yuan / ton, and the whole week fell 13 yuan.

With seed cotton picking and acquisition coming to an end, market focus shifted from seed cotton purchase to lint sales.

In terms of textile enterprises, a few stock of raw materials can be used until next year, and no rush to purchase; most textile enterprises have difficulties in the busy season, lack of orders, new cotton prices higher than psychological expectations, and backward conduction. Cotton is still mainly consumed with cotton reserves, and has a strong emotional outlook on new cotton.

Generally speaking, cotton enterprises are stepping up sales.

In order to achieve clearance in early March and fully recover the loans, the enterprises which are mainly funded by themselves and their own capital are not in a hurry to sell, insisting that there will be a gap in the domestic high-grade cotton, and cotton prices will rise next year.

In the same period, the United States

Expected, the impact of the global cotton centralized listing, the international cotton market prices continue to fall.

The price of seed cotton in Awati county is generally 7.95-8.0 yuan / kg, and the seed cotton price in Sha Ya county is low. The purchase price of 32% lint of long staple cotton is 7.65-7.7 yuan / kg, but the price center also increased by 0.05-0.1 yuan / kg compared with last Friday.

Analysis of the reasons for the rise: first, the cotton ginning factory scrambled for resources.

As of December 6th, there were not many remaining cotton ginning plants in Akesu, but most of them were strong and well capitalized.

Due to the lack of seed cotton in recent market and some enterprises rush to harvest, a company will receive 10-12 kg of seed cotton this Sunday.

Second, cottonseed prices continue to rise.

To 6, cotton seed price in Akesu, Sha Ya and other places 2.5-2.55 yuan / kg, local price reached 2.6 yuan / kg, up 0.05-0.07 yuan / kg compared with last Friday.

In addition, according to the feedback from the ginning factory, recently, the number of domestic oil extraction plants that have been inquiring, seeing and selling the cotton seeds has increased, and many cotton seeds have not been processed yet.

While seed cotton is rising, some ginning plants are trying to go up slightly.

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"Just trying to raise, especially for cotton with high quality, see the market reaction."

The person in charge of the enterprise said that the sales of long staple cotton in the near future were not satisfactory. They could not pfer the more than 2000 tons of long staple cotton to Shandong, Jiangsu, Zhejiang and Henan for sale.

As of 6 days, the factory in Shandong warehouse long staple cotton grade 137 sales price of 21500-21600 yuan / ton, up 200 yuan / ton.

Enterprises say that after the price rises, the downstream manufacturers are not very sure. Some enterprises and middlemen who have the intention to purchase also beat the drum.

However, some ginning plants and some middlemen believe that the long term staple cotton is still more profitable than ever, and prices are likely to rise and fall.

The 137 grade cost of long staple cotton has exceeded 20800 yuan / ton. In Akesu platform pickup, the ginning plant basically has no profit.

Especially in the process of seed cotton rising, the ginning factory has a strong desire for price.

The problem of long staple cotton pportation is relatively large, and the supply of long staple cotton in the mainland market is still insufficient.

At present, the price of long staple cotton and fine staple cotton is around 5000 yuan / ton, and the low price difference level gives long staple cotton room to go up.

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