The Spot Price Of Xinjiang Cotton Also Began To Loosen Up.

With the end of the year, textile market demand or improvement is difficult.

It is understood that some parts of the cotton trade enterprises lack of confidence, at the end of this month, a steady decline of quotations 200-300 yuan / ton, but there are many textile stocks reserve, under the high cost of raw materials oppression, textile enterprises are naturally reluctant to return the offer, even if the high priced products for the downstream is still more difficult to undertake.

Therefore, textile enterprises are not active in purchasing raw material cotton, they are buying or selling, but they are more worried about the spot market.

From the national development and Reform Commission, it was learned that in 2017, the sale of cotton reserves will start in March 6th, and the deadline is tentatively scheduled for the end of August. The number of daily sales will be temporarily suspended by 30 thousand tons.

From this point of view, the sale period left to the market is only 2 months. The pressure of factory sales is increasing, and cotton enterprises are actively shipping, so as to ensure that the inventory is consumed before the storage. Some manufacturers also reduce the price of lint sale, so that some lint prices continue to fall in the near future.

Moreover, the spot price and foreign cotton remain very large price difference, plus the mainland spot supply exceeds demand, the domestic lint spot pressure is bigger.

Recently, the sales progress of the cotton mill is accelerating. Due to the fall of Zheng cotton prices, the spot price of Xinjiang cotton has begun to loosen. The Akesu and Bachu regulatory library "double 28" hand picked cotton wool price quotas dropped to 15200-15400 yuan / ton, and the "double 29/ double 30" pick up cotton price in North Xinjiang fell to 15500-15600 yuan / ton.

The price of lint is down, and the purchasing enthusiasm of textile mills is general.

December is the peak period for the import of foreign cotton. In December, the import volume will be more than ten million tons. In addition, Xinjiang cotton is expected to pport 40-50 tons in December, plus real estate cotton. Therefore, it is expected that the cotton market will be abundant in the mainland market in late December and early January, and the spot price of lint will easily fall.

In addition, the volume of warehouse receipts and the effective forecast of warehouse receipts are relatively large.

Zheng cotton's main contract is facing adjustment after a big drop. It is recommended that every warehouse should be empty to pay attention to market funds.

Since mid December

The pressure of highways has gradually eased. On the one hand, Henan, Shandong, Shaanxi and other places have increased the number of vehicles entering the Xinjiang.

On the other hand, as the demand for short supply of cotton, fruits and energy and other materials in the territory declined, the enthusiasm of the drivers was constantly restored.

A cotton trader in Akesu said

The delivery problem is not big the next day. Some logistics companies and individual drivers often call to check whether there is a return freight or not. The price of motor freight also has dropped slightly compared with that in November.

For example, from Akesu to Henan, Nanyang and Zhengzhou, this year the highest freight rate per ton of lint was 950-1000 yuan / ton, but now it has dropped to 850-880 yuan / ton as a whole, but it still rises 130-150 yuan / ton compared with the same period in 2015.

And Xinjiang cotton picking has been accelerated and basically completed.

Entering December showed an accelerating trend.

As of December 16th, Xinjiang cotton processing capacity exceeded 3 million 500 thousand tons, and the national cotton processing volume has exceeded 4 million tons.

Domestic supplies showed a very sufficient situation before it was launched in March 2017.

At present, most textile enterprises have already stocked a certain stock of raw materials, and the purchasing intention in the short term will decrease.

At present, the mainstream of grade 3128-29 hand picking cotton price is quoted at 15500-15800 yuan / ton, and the high quality and high price is 16000 yuan / ton.

Despite the gradual easing of pport pressure in the near future, the freight rate is difficult to drop, and the cost of moving to the mainland is still high. The high price of new cotton in the inland bank is still 16800 yuan / ton.

From this we can see that the demand is poor but the cost is high. Some enterprises say the cost of conventional yarn is upside down by 300-500 yuan / ton.

Some enterprises use Xinjiang cotton to match domestic cotton and national cotton, but the cost side is slightly restrained, but they are also on the profit and loss line, and the textile enterprises are in a difficult position.

The above negative factors have made some recent lint prices down, but recently, some cotton ginning plants in various parts of the country have chosen to stop harvesting and reduce production, and the processing of cotton enterprises has been affected. The cotton stocks in the hands of manufacturers are still relatively tight. Most cotton enterprises still have a psychological price, supporting the market of lint, or restricting their downfall.

To sum up, the market is full of profits. It is expected that the price of short-term cotton will be running smoothly or steadily.

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