Intra Border Cotton Ginning Factory, Traders Cotton Quotes Overall Stability

The Korla and Akesu regulatory libraries 3128/2128 (breaking strength above 27.5 and above) and 3129/2129 (fracture strength 27.5 and above) were quoted at 15500-15700 yuan / ton, 15800-16000 yuan / ton respectively, and a few manufacturers "double 28/ double 29" hand picked cotton wool price quoted 16100-16300 yuan / ton, but it was very difficult to conclude the paction; the gaping price of "double 29" and "double 30" cotton picking plant in Kuitun, Shawan and other places in North Xinjiang was 15700-16000 yuan / ton, 16100-16300 yuan / ton.

At present, several regulatory libraries in southern Xinjiang say that in recent days, Zheng cotton futures have fallen sharply, and the impact of the "double drop" of the reserve cotton turnover rate and the average daily paction price has reached the mainland.

Enquiries for Xinjiang cotton,

Obviously cooling down, and at present, the "double 28/ double 29/ double 30" hand picked cotton is very few (the ratio of fracture strength to less than 28 is above 70%), although the price of ginning factory is 100-200 yuan / ton, there is no panic shipment and clearance.

Judging from the survey, due to the recent decline in the CF1709 contract of zhengmian to 15700-15800 yuan / ton, the purchasing price of foreign merchants and traders was low (800-900 yuan / ton basis), and the ginning factory took into account that most of the resources in the cotton were low quality and large futures discount, so they were reluctant to sell to traders.

Some inner textile mills

Purchasing is much more active than that of last week. On the one hand, the cotton processing enterprises in the territory are more likely to have "high quotations and low turnover", and the bargaining space of 3128/2128 (more than 27 of fracture intensity) has expanded to about 200 yuan / ton.

On the other hand, the purchase of Zheng cotton futures and auction reserve cotton need to be delivered in the inland Treasury, and the cost of pportation to the territory is high. Therefore, it is the only way to lock in Xinjiang cotton resources in 2016/17 in time.

It is understood that the cost of pportation of Xinjiang highway has been decreasing in the near future. In the middle of March, the cost of road pportation from Akesu to Hubei Wuhan and Henan Zhengzhou generally dropped to 900-930 yuan / ton, 780-810 yuan / ton (with tickets), down 120-150 yuan / ton compared with the beginning of February.

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Recently, many sectors of the industry have been pessimistic about the market outlook, indicating that the average price of cotton reserves has been declining continuously, and the market outlook is not optimistic.

Recently, Zheng cotton main force fluctuated near 15500 yuan / ton. Zheng cotton, as a market "weathervane" and "barometer", is not strong enough to directly suppress corporate confidence.

The RPG enterprises "stand by and watch".

No matter textile mills or traders, there has been no rush and enthusiasm at the beginning. Many of them have begun to "stop hand" and look at it coldly. This is also the main reason for the recent decline in the turnover rate of cotton reserves.

However, the author contacted several market participants, most of them believed that to see the essence through the phenomenon, the recent decline in cotton does not affect the overall situation, and the upward trend of cotton prices is a trend.

The reasons are as follows:

First, the affordability of textile enterprises.

Chinese textile has gradually gone out of the mire since 2016 and has a small profit.

Since the Spring Festival of 2017, most spinning enterprises have been running at full capacity and production is full of vitality.

Because of the cost factor, the price of the outer yarn is upside down by 900-1200 yuan / ton, and the competitiveness of the domestic yarn is improved. Therefore, it has a certain foundation for the digestion of high cotton prices.

Two, the domestic cotton price is at a low level.

It is understood that although the current 16000 yuan / ton cotton price than the 2015/16 price rose nearly 3000 yuan / ton, but this year's target price (18600 yuan / ton) still has a distance.

In particular, the domestic cotton planting area has been reduced. Because of low income, many cotton farmers have abandoned their seeds. Only by raising the price of seed cotton can cotton farmers continue to grow cotton.

Three, the shortage of high-quality cotton is a serious problem.

The author exchanges with some manufacturers. It is generally felt that this year there is a small quantity of high-quality cotton. Especially the reserve cotton is 2011-2013 years old, and there is not much problem in producing 40S and below.

According to some market participants, there will be a phenomenon of high quality cotton rush in the 4-5 month of this year. Therefore, can high quality cotton enterprises lose confidence in the decline of cotton prices?

For more information, please pay attention to the world clothing shoes and hats net report.