Cotton Import Peak: Zheng Cotton Holdings Continue To Decrease

It is understood that the southern Kashi (including Bachu), and most cotton areas in Akesu have been closed for seed cotton sales. Only a few cotton enterprises in Sha ya, Xinhe and Korla cotton areas are still selling off and on, and the picking price of cotton picking is 7.10-7.20 yuan / kg (38-39% lint percentage, less than 15% of water). Due to the frost and flower and stiff cotton, the quality of the products is obviously lower than that in 10 and November, and the moisture content of seed cotton is almost 13%. At present, the 65-70% cotton business in the southern Xinjiang has ended. Cotton ginning Declaration, warehousing, public inspection and sale or relocation is a top priority. It is expected that the processing work will be completed by the middle of next January.

Akesu, Korla and other regulatory libraries reflect that in 11 and December, sales and outgoing stores were mostly "double 28/ double 29/ double 30" hand picked cotton, and some other "21" grade horses with large value, length below 27mm and low breaking strength were exported. Generally, "2128/3128" and "2129/3129" hand picking or machine picking cotton (non double 28 or double 29) are more apparent and less traded.

This year, the output of Xinjiang cotton increased substantially compared with that of last year. From the current processing situation, it is estimated that the total output of Xinjiang reached 3 million 800 thousand tons this year. In recent years, sales of cotton enterprises have been accelerating. Xinjiang cotton Spot prices also began to loose, and the spot price quotas of Xinjiang cotton fell by 150-200 yuan / ton. The Akesu and Bachu regulatory libraries' "double 28" hand picked cotton wool price quotations dropped to 15200-15500 yuan / ton, and the "double 29/ double 30" hand picked cotton wool price quotation slipped to 15800 yuan / ton.

The price of lint is down, and the enthusiasm of the producers is general. cotton The recent turnover rate has declined. At present, most cotton enterprises sell more than 4-5 sales. The sales progress of the Corps is much faster than that of local enterprises. Some divisions sell more than 80%, but the total output of Xinjiang is relatively small. December is the peak period for the import of foreign cotton. It is estimated that the import volume will be more than ten million tons in December. In addition, Xinjiang cotton is expected to transport 40-50 tons in December, plus real estate cotton. Therefore, it is expected that there will be no shortage of cotton in the mainland market in December.

In addition, the amount of warehouse receipts plus effective forecast warehouse receipts is large, amounting to 133 thousand tons of cotton, while 1701 holding 81 thousand tons, so the warehouse receipt has great pressure on the disk. Zheng cotton main contract continued to fall below the 40 day moving average and the 60 day moving average. The overall trend is still slumped, but Zheng cotton began a technical rebound after a two day crash. It is expected that it will still face technical adjustment in the short term. It is recommended that the warehouse should be empty and the overall trend of the commodities will be concerned.

In the year of 2016/17, the amount of us land cotton export contracted 62 thousand and 700 tons, 11% less than the previous week, 6% less than that of the previous four weeks. The main buyers of China (19 thousand and 500 tons), Vietnam, Indonesia, Turkey, Pakistan, Japan and Salvatore cancelled part of the contract. In the year of 2016/17, the export volume of the US land cotton exports was 47 thousand and 700 tons, 4% less than the previous week, 18% higher than the average value of the previous four weeks, mainly shipped to China (16 thousand tons), Vietnam, Indonesia, Mexico and Thailand. In the year of 2017/18, the US cotton export volume was 15 thousand tons, and the main buyers were Mexico and Malaysia.

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