Seed Cotton Prices Down: Prices Of Long Staple Cotton Have Slipped Slightly.

Recently, long staple cotton seed cotton and spot prices have dropped slightly, trading is not booming, and market pessimism has increased.

As of December 27th, Xinjiang Akesu area long staple cotton seed cotton price at 7.75-7.85 yuan / kg (lint 32%, moisture regain 12%), compared to last Friday (23 days) fell 0.1-0.15 yuan / kg, the recent long staple cotton seed cotton price is difficult to exceed 8 yuan / kg market.

Coincidentally, while the cotton price in Xinjiang has declined, the long staple cotton in the mainland market has also "reduced the price".

The market is changing. Cotton is going up and down. Let's be cautious and handle it with caution.

In business analysis, the recent fall in seed cotton prices may be for the following reasons:

First, the reduction of the main body of acquisition.

As of 27 days,

Kashi and other places have rarely seen enterprises purchase seed cotton, the manufacturer said, recently due to the bad weather in Xinjiang, and the number of seed cotton is reduced, the daily purchasing volume of enterprises is hovering at 4000-5000 Jin, and sometimes, only a thousand pounds can be bought in a day, and the ginning factory is delisting in the market.

Second, the acquisition funds are tense.

Near the end of the year, the cotton mill received a notice from the bank loan officer, demanding that a portion of the loan be returned before and after the new year's day, and requiring the enterprises to sell part of the stock quickly and reduce the repayment pressure.

Therefore, the recent Xinjiang ginning factory generally tight funds, and this year

Spot sales are slower, and corporate capital returns are slower.

Third, cottonseed prices fall.

As of December 27th, Akesu's long staple cottonseed price 2.41-2.42 yuan / kg, compared with last Friday (23 days) fell 0.05-0.06 yuan / kg.

According to feedback from some manufacturers, not only cottonseed prices have dropped, but sales have been sluggish in recent years. Besides the demand for Xinjiang oil refineries, recently, due to the closure of the oil refineries in the mainland, the desire to purchase cotton seeds in Xinjiang has also been decreasing.

In addition to the decline in seed cotton prices, the lint spot market is also not optimistic.

On the 27 day, a Awati enterprise official said, the 137 class long staple cotton platform pick-up price was 20700-20800 yuan / ton (delivery and gross weight settlement), and the 237 level price was 20000 yuan / ton, all of which fell 100-200 yuan / ton compared with last Friday (23 days).

According to some enterprises, because of the slow progress of sales and multi warehouse development to the mainland, we often agree to give cotton mills and cotton textile enterprises a certain profit margin in order to speed up sales.

A cotton trader in Jiangsu introduced the current 137 grade long staple cotton.

21500-21600 yuan / ton, 237 level 20900 yuan / ton, compared to last Friday (23), a slight drop of 200 yuan / ton.

The reasons for this decline are: first, affected by fine staple cotton.

Recently, the price of fine cotton in the mainland has declined slightly. Among them, the "double 29" and "double 30" hand picked New Territories cotton price is 16500-16600 yuan / ton, a small drop of 100-200 yuan / ton, and the long staple cotton is affected by the pessimistic atmosphere and dropped synchronously.

Second, Zheng cotton futures fluctuated sharply.

Last week, a decrease of more than 500 yuan / ton entered this week, and yesterday (Monday) continued to cut down the stock price, which has a greater negative impact on the market.

Even some market participants believe that cotton may enter a downward path.

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