Xinjiang Cotton Quotes Stabilize Low Quality Cotton Price Increases Small Shipping Speed

In recent days, the quotation of the supervision Bank of the inner and outer banks has stabilized as a whole. With the CF1909 contract breaking 16000 yuan / ton, the ginning mills and traders are calling up to see that the sentiment is slightly convergent, and the spot market is in a wait-and-see state.

On April 20-22, the 3128/3129 grade hand picked cotton in the southern Xinjiang (fracture strength 27-28CN/tex, impurity less than 1.5%) was quoted at a public price of 15850-15950 yuan / ton, and the "28 28" hand picked cotton weight quoted price was 16000-16100 yuan / ton.

The Urumqi and Kuitun regulatory libraries in Northern Xinjiang "double 28" machine pick up cotton (less than 2.5% impurities), gross weight quoted price 16050-16150 yuan / ton, "double 29" machine picking cotton (impurity 2.5% below) gross price quoted 16200-16300 yuan / ton.

Akesu, Kuitun, Shihezi and other cotton regulatory libraries reflect that in the past week, high-quality "double 28/ double 29" lint goods, enquiries and outgoing warehouses have been significantly reduced before mid April, which has been slowed down by the downstream cotton textile factories, the Sino US trade consultation has been "long and uncertain" and the Executive Council of the State Council has insisted on not taking the measures of "flood irrigation".

However, some local ginning factories indicated that since April, some small and medium-sized textile mills and middlemen in the mainland have increased their enquiry and delivery of low quality mid and late Xinjiang flowers, and a single procurement contract is generally over 500 tons.

A cotton related enterprise in Henan said that 1000 tons of hand picked cotton in southern Xinjiang were purchased before the end of April, requiring a horse value of 3.5-5.0 and impurities less than 1.8%.

Industry analysis, first, some cotton enterprises in 2019 worried about the supply of low-quality cotton. Two, after the Spring Festival, although the price of high-quality cotton generally increased by 500-600 yuan / ton, but the price of lint cotton with low horse value, low breaking strength and impurities increased only 200 yuan / ton left and right, and the risk of purchase and sale was low.

In addition, the 800 thousand ton sliding tariff quotas actually come out or after mid June, the small and medium-sized textile mills are far from being thirsty.