Downstream Demand Is Expected To Improve, Textile Enterprises Priority To Purchase Imported Cotton And North Xinjiang Cotton

After the festival, the market was gradually rebuilt by the downstream cotton textile enterprises and the optimistic expectation of Sino US trade negotiations recently. Cotton futures and spot products went out of a long bounce. Xinjiang cotton processing enterprises actively used the combination of spot price and spot.

It is understood that at present, the sales progress of local enterprises in Northern Xinjiang is expected to reach about 70%, and the quotations for 3128 grade gross weight of machine picked cotton are maintained at around 15700 yuan / ton, and the price is negotiated according to the specific batches of water and impurities.

In southern Xinjiang, because of more cotton picking, the cost of pre acquisition is higher, and the gross price is more than 16000 yuan / ton, so the sales volume is still low, and inventory is relatively high. Only a few enterprises have launched a small quantity of low quality special cotton to alleviate the pressure of funds.

BINGTUAN enterprises generally adopt the pre-sale mode to meet the needs of high-end customers, and the current sales are also general.

According to the understanding of some cotton traders in the mainland, the recent sale of cotton imports to Hong Kong is more popular. The net cost of settlement is relatively high. For special high-end demand, for late textile enterprises, priority should be paid to cotton imports and Northern Xinjiang cotton, followed by Southern Xinjiang cotton, and finally corps cotton.

With the current supply and consumption situation combined with time window analysis, the pressure on cotton enterprises with high inventory prices is still relatively large.