Cotton Processing Enterprises And Traders Behave Cautiously.

According to some cotton enterprises in the territory, since May, more and more ginning plants or production lines have been sold, spanferred or outsourced, and cotton processing factories and traders have been very cautious when compared with cotton farmers and cotton growers in the region who are optimistic about the purchase price of seed cotton in 2017/18. Industry analysis: as the quality of machine picked cotton in 2016/17 is relatively good, and the purchase price is lower than that of hand picked cotton 0.7-0.9 yuan / kg (the maximum price difference reaches 1 yuan / kg), the difference between the "double 28/ double 29/ double 30" machine picked cotton and hand picked cotton is only 150-250 yuan / ton, and the processing benefit is obviously higher. Hand picking cotton 。

Moreover, the "double 30/ double 31" accounted for a relatively high price. The average selling price of lint in most of the machine picking cotton processing factories in the territory was higher than that in the southern Xinjiang hand picking cotton processing enterprise. Therefore, the contract and rental fee of the 2017/18 pickling cotton ginning factory increased considerably over the previous two years. In addition, Xinjiang cotton target price subsidy standard was still 18600 yuan / ton in 2017-2019 years, and the sales progress of cotton reserves in 2017 was significantly lower than expected, which made cotton processing enterprises' concerns about cotton market in 2017/18 continue to heat up.

In addition, Akesu, Korla and other cotton enterprises analysis, with the overall tightening of monetary policy, access to 2017/18 cotton acquisition loan qualification is more and more difficult. From the survey, nearly two days in Xinjiang and the mainland 2016/17 year Xinjiang cotton The quotation is very confusing, and the gross weight of Henan, Hubei and Shandong storehouses 3128/2128 grade (fracture strength 26-27CN) is quoted at 15500-16000 yuan / ton, and the quotations for "double 28B" Southern Xinjiang hand picking cotton are 15800-16200 yuan / ton (gross weight settlement).

It is noteworthy that nearly two days, Zheng cotton warehouse receipts, effective forecasts have been significantly reduced, textile enterprises, traders from Zhengshan cotton warehouse receipts enthusiasm and enthusiasm rose rapidly, the pressure of real market gradually reduced. This month, China expects to import 1 million tons of cotton in 2016/17, an increase of 100 thousand tons from last month. The main reason is that there is a gap between supply and demand of high quality lint in China this year, and cotton imports grew faster than before in 2017. The final inventory is increased by 100 thousand tons, other estimates remain unchanged.

This month, China's cotton planting area is estimated to be 3 million 200 thousand hectares in 2017/18, an increase of 3.3% over the previous year. Under the stimulation of higher cotton planting income in 2016 and the stability of subsidy policy in the next 3 years, the enthusiasm of cotton growers in Xinjiang cotton planting has improved significantly. In 2016, the benefit of cotton planting in the cotton growing areas in the mainland improved significantly, and the adjustment of planting structure was basically in place, and cotton farmers' desire to restore cotton production was enhanced. The cotton yield per unit area is predicted to be 1523 kg per hectare, which is basically the same as that of the previous year. Meteorological conditions in main cotton regions are favorable. cotton Sowing and seeding. Cotton production forecast 4 million 880 thousand tons, an increase of 3.2% over the previous year.

Cotton imports forecast 1 million 100 thousand tons, an increase of 100 thousand tons over the previous year. During the year, the gap between cotton production and demand was large, the supply of high quality lint was insufficient, cotton prices at home and abroad converged, and cotton imports increased. Cotton consumption is projected at 7 million 590 thousand tons, unchanged from the previous year. In the new year, domestic stocks are still abundant, cotton reserves and cotton production are increased to ensure stable operation of the market. Forecast 2017/18, the domestic 3128B grade cotton average price interval to maintain 14500-16500 yuan / ton interval. The international cotton price has gone out of the downturn for nearly 3 years, and the average price has gone up. Forecast 2017/18 CotlookA index average price of 75-90 cents / pound interval operation.

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