Xinjiang Cotton Spot Quotes Stabilize Automobile Exports To Warm Up

After two times, Zheng cotton went into stalemate and stalemate, and the main contract was about 13000 yuan / ton consolidation. The spot price quotas of lint and lint are relatively stable, but the turnover of Xinjiang cotton has not improved much. In July 17th, Hubei, Shandong, Jiangsu and other regulatory libraries in Northern Xinjiang, the "double 29" machine picked cotton weight was quoted at 13900-14000 yuan / ton (slightly less than 100-150 yuan / ton in the inner Treasury), and the quotes for "double 30" machine picked cotton were quoted at 14100-14200 yuan / ton, and the "double 28" machine picked cotton weight was quoted at 13500-13600 yuan / ton (impurity difference, length uniformity difference or price difference). Although the "double 28" hand picked cotton in the southern Xinjiang has been reduced to about 14000 yuan per ton, it is still difficult to attract the cotton mills and middlemen. At present, inquiries and transactions are still concentrated in the northern Xinjiang cotton picking machine (less than 3.5% impurities).

Cotton Logistics Association of China Cotton Association statistics, as of the end of June, 43 warehouses in Xinjiang warehouse cotton turnover inventory of 2 million 162 thousand tons, an increase of 1 million 63 thousand tons. In June, the storage capacity of each warehouse in the territory was only 182 thousand and 700 tons, a decrease of 139 thousand and 200 tons, a decrease of 136 thousand and 500 tons compared with that of the previous year, of which the road traffic volume dropped 43%. Entering the July, some of the regulatory libraries in the territory showed that the volume of motor vehicles and warehouses had gone up for a long time (especially in Northern Xinjiang), and cotton prices also picked up. Industry analysis: on the one hand, the price of the CF1909 contract fell to 13000 yuan / ton, and the mainland textile enterprises and middlemen joined the "spot price" market. On the other hand, in the middle and late 6 months, part of the cotton enterprises were replenishment in the right place, and most of them chose highway transportation in order to catch up time. In addition, a few traders consider the declaration and generation of warehouse receipts still slow, and intend to move to Henan, Shandong and other mainland delivery warehouses.