Xinjiang Cotton Sales Difficulties Cotton Enterprises Want To "Bundle" Shipment

According to the survey, 9-10 days in June, Henan, Shandong, Hubei and other inland libraries 3128/2128 class (fracture intensity 26-27cN/tex) hand picked cotton basis, the weight of the public offer quoted price concentrated in 13850-14100 yuan / ton, 3128/3129 class (fracture strength 27.5-28.5cN/tex) hand picked cotton weight pick up price 14300-14500 yuan / ton, North Xinjiang "double 29" machine picking cotton (length 29mm and above, strong 29cN/tex, impurity 2.5% or less) the public delivery of goods quoted 14800-15000 yuan / ton.

Some cotton enterprises said that due to the low breaking strength and impurities of the machine picked cotton in southern Xinjiang in 2018/19, the acquisition and processing costs were relatively high, and the number of spot sale and warehouse receipt delivery was relatively scarce.

Several cotton factories reflect that the short-term capital pressure of some of the local ginning mills is large (loan repayment or financing), and the lack of confidence in holding up the goods, coupled with the impact of the "point price" paction, has led to the phenomenon of low price bundled shipments, such as 3 or 5 batches of "one price" 13900-14100 yuan / ton sale (public weight), both "double 28/ double 29" resources, and also with 1-2 batches of low strength or impurity lint.

Cotton Logistics Association of China Cotton Association statistics, as of the end of May, the national cotton turnover inventory of 3 million 157 thousand and 800 tons, higher than the same period last year 1 million 88 thousand and 500 tons, of which 43 warehouses in Xinjiang district warehouse cotton turnover Inventory 2 million 420 thousand and 800 tons, an increase of 911 thousand and 200 tons over the same period last year.

Xinjiang cotton store and store sales are still a big problem.

Bachu, Akesu and Korla three cotton regulatory bank said that since June, despite the continuous decline in road freight, traders' lint base price quotas were nearly 1000 yuan / ton with the "one price" difference, and the closing price of Xinjiang cotton reached a narrow price of 600-800 yuan / ton. However, the turnover and pportation of Xinjiang cotton were still somewhat clear in 2018/19 (according to statistics, in May 2019, the volume of Xinjiang cotton fell by more than 20% compared with April).

As of June 6th, Zheng cotton produced 17572 warehouse receipts, 890 effective forecasts, the total equivalent to 738 thousand tons of cotton, compared with the middle of April greatly reduced by 182 thousand tons, the mainland warehouse pactions better than the internal Treasury.