Xinjiang Lint Fell To "Cabbage Price" Out Of Stock Is Still Deserted.

According to the survey, with the adjustment of zhengmian down, the domestic price of lint at the "base price" transaction continued to decline. As at 3-4 June, the "double 28" northern and southern Xinjiang cotton picking price was 13400-13600 yuan / ton, and the "double 29" pick-up price was only 13700-13900 yuan / ton (length 29mm and above, strong 29cN/tex and above mainland library quoted 14000-14200 yuan / ton, but there was no market price, it was difficult to conclude the transaction). The machine picked cotton in southern Xinjiang is generally uncompetitive and almost unmarketable because of its low strength and a little impurity. Moreover, the proportion of cotton ginning plants participating in hedging is relatively low, so the price difference between the quotations and trade is mostly 500 yuan / ton.

In June 4th, a large trade enterprise in Shandong, "the double 29" Korla hand picked cotton wool weight quoted price 14500-14600 yuan / ton, "double 28" Southern Xinjiang picking cotton and wool weight 14250-14350 yuan / ton pick-up. From North Xinjiang and the southern part of the regulatory library feedback, although the spot price of Zheng cotton and cotton fell sharply, but the mainland cotton textile enterprises and middlemen who saw goods, inquiry and purchase were still not active. Besides the futures delivery warehouse, most of the regulatory libraries were transported out of Xinjiang compared with 3 and April. According to statistics, in late May, the output of motor vehicles and warehouses in the middle of the lower reaches was reduced by more than 30%. In the southern part of Xinjiang, some of Bachu's and Akesu's regulatory libraries even dropped by 40%-50%, and the machine picked cotton in North Xinjiang remained the focus of road and railway transportation from 5 to June.

Some cotton enterprises indicated that the price of Xinjiang cotton platform has been reduced by nearly 2000 yuan / ton compared with April, but the low price cotton did not attract the cotton enterprises and investors to run into the market. Therefore, under the premise of external environment deterioration, Sino US trade negotiation uncertainty and financial and stock debt pressure, cotton's current goods fell to 12000 yuan / ton, and I'm afraid that it will not be able to help the textile enterprises to "relieve the danger".