Xinjiang Cotton "Spot Price" Resources Increase, Cotton Market Is Now Two Trend

In May 20th, Zheng cotton CF1909 contract once again fell below 14000 yuan / ton, and the price quotations of cotton "point price" were reduced by 100-150 yuan / ton again.

However, the hand picked cotton ginning factory in southern Xinjiang is rarely quoted, and the cost of lint is high and the loss is high. The pressure of buyers to press down the price is prominent, so cotton enterprises have to wait and wait.

20, 21, cotton ginning factory hand picked cotton "one price" and traders "point price" difference of 300-500 yuan / ton.

A number of cotton related enterprises inside and outside Xinjiang indicated that there have been two changes in the cotton market in Xinjiang since May: first, the difference between cotton prices and local cotton prices has been narrowed down from 400-600 yuan / ton in 2 and March to 200-300 yuan / ton.

At present, the quotations of "double 29" spot price of local cotton enterprises are mostly priced at 14700-14800 yuan / ton (public weight), and the corps "double 29" is only 14900-15000 yuan / ton; two is that the price of cotton linen has been cut down again with the Ukrainian iron and steel Bureau, which has led to the overall reduction of the cotton price difference between Urumqi and Shihezi. The quotations for the cotton picking machine in the regulatory libraries of Northern Xinjiang and Shihezi have gradually come closer to the quotations from the mainland, such as Shandong, Henan and so on.

Judging from the survey, the reduction of railway freight rates has played a significant role in promoting the sale of Xinjiang cotton, the purchase of goods from mainland textile enterprises, and the delivery of hedging by traders.

According to statistics, as of May 20th, Zheng cotton produced 19270 warehouse receipts (-402), 1261 effective forecasts, the total two cotton converted to 821 thousand tons, compared with the mid April high point of 920 thousand tons to reduce 99 thousand tons, Zheng cotton disk fell sharply, resulting in "cost-effective" warehouse receipts accelerated outflow (from some machine structure, cotton business estimates, the current warehouse receipts about 1/3 warehouse receipts index better), on the one hand, a strong replenish the spot market high quality lint supply, which is conducive to textile enterprises to reduce raw material costs and competitiveness; on the other hand, warehouse receipts significantly outflow, the pressure of Zhengzheng market weakened, conducive to 5/6 month "weathervane" stabilized and rebound.