"Base" Pactions To Warm Up The Pressure On The Financial Pressure Of Cotton Enterprises

With the CF1905 contract price breaking 15100 yuan / ton integer pass, the first two weeks of the cold "base" sales again by textile mills, Cotton Traders attention, trading volume stop and pick up.

Affected by the continuous decline in the supply of high quality hand picked cotton such as "double 28/ double 29" (including the breaking strength ratio of 27.5-28CN/tex) and the absence of additional cotton import quotas, the hand picked cotton in southern Xinjiang is relatively strong, and the willingness to follow Zheng Mian's call is temporarily weak.

The gross price quotations of "double 28" hand picked cotton in Akesu, Korla and other places are still maintained at 16000-16100 yuan / ton (impurities less than 1.5%, horse value 4.2-5.0); and some ginning plants in Kashi, 3127A/B grade (fracture strength 26-27CN/tex, impurity content 1.5-2.5%) gross weight quoted 15500-15600 yuan / ton.

From the survey point of view, the sales of high-quality lint cotton in Xinjiang increased significantly in 2 and March (including Zhengbao), and the recovery of goods was relatively rapid (the sales of hand picked cotton in three cotton areas in southern Xinjiang were generally more than 60%, and the sales of machine picked cotton in the northern Xinjiang was faster), plus the timely sale of cottonseed seeds in spring cotton plant (spring temperature rising, cottonseed not easy to store) and part of the batch of cotton pledge financing. At present, most cotton processing enterprises have been relieved of their financial pressure, and the cotton lint is reluctant to sell or fall down.

Some mainland Cotton Traders no longer wait and see. The operation of getting goods, moving warehouse and selling at the price increases.