What Is The Financial Pressure On Xinjiang Cotton Enterprises?

According to the cotton Logistics Association of China Cotton Association, as of the end of June, the total turnover of commodity cotton turnover in China was about 2 million 917 thousand and 400 tons, a decrease of 240 thousand and 400 tons from last month, up from 1 million 56 thousand and 400 tons in the same period last year. According to the national cotton market monitoring system survey, as of July 12th, the total sales of 4 million 623 thousand tons of cotton and 539 thousand tons decreased by July 12th, of which 3 million 773 thousand tons were sold in Xinjiang, and even 1 million 329 thousand tons of Xinjiang cotton were not sold according to Xinjiang's processing cotton 5 million 102 thousand ton. Faced with a larger inventory of commodity cotton and unsold lint, some cotton agencies and speculators believe that the total amount of cotton and cotton traders will lead to greater financial pressure in 7-8 months.

What is the pressure on the cotton enterprises in the territory? From the author's investigation, most of the cotton enterprises did not go to the situation of "breaking the wrist and making a clean job". The ability to resist risks and fall down was significantly higher than the expectations of the parties. Most cotton enterprises sold more than 80% cotton lint, and the "double knot" ginning factory was also rare.

First, the quantity of commercial cotton covered goods in the inner Treasury is large. 據統計，截至7月12日鄭期倉單15517張，有效預報627張；其中疆內交割庫倉單6903張，占鄭期倉單總量的44.49%；二是2018/19年度中小軋花廠、貿易商“質押融資”比較活躍（一般為非農發行貸款戶），有效減輕現金流壓力并盤活了庫存；三是部分內地大中型紡織企業預訂、簽購新疆棉（付訂金或口頭承諾），目前貨權未交接也尚未發運，這部分資源未統計在銷售進度中，歸入商品棉周轉庫存；四是棉花貿易企業CF2001合約套保，運至內地交割庫時間尚早（內地庫大多裝卸、倉儲、保險等費用較疆內庫高），因此減緩移庫、發運；五是南疆少數棉花加工企業與農發行等協商，適度降低還貸比例或延后“雙結零”日期。