Cotton Market In Xinjiang: Centralized Quotation For Cold Storage And Rolling Mill

According to Urumqi, Shihezi and Bachu, Akesu, and other places, the cotton regulatory database reflects that over the past week or so, the volume of the output of the cotton truck has continued to decline, and there is no sign of a rebound. Not only is the southern Xinjiang's "one price" hand picking cotton still difficult to sell, but the sale of high-quality machine picked cotton in the northern Xinjiang is gradually fading away, and it is further away from the expectations of Cotton Traders and ginning mills.

Industry analysis, the end of July, China and the United States team in Shanghai for the twelfth round of economic and trade consultations, market optimism warming. Some Chinese enterprises have made inquiries and signed a few contracts on purchasing cotton to American suppliers. The pace of 2018/19 and 2019/20's entry into the Chinese market is expected to accelerate.

From the survey, entering the middle and late 7 months, some cotton processing enterprises in southern Xinjiang, such as Kashi, Akesu, Korla and other places, appeared the phenomenon of "centralized quotation, speeding up sales and returning funds", especially the hand picking cotton processing factories. The quotations were equal or slightly lower than the 100-200 yuan / ton of traders' "spot price" resources. One of the main reasons is that the pressure on the cotton mill to repay loans and pledge loans has been rising again and again in the 7-8 month. Two, at present, all cotton enterprises in the territory have begun to overhaul the machine and update the equipment. The tension in the new cotton market in 2019/20 has become more and more intense. Three, the mainland textile enterprises and traders who purchased Chen cotton in July and later have been reduced to cotton stocks, imported cotton and Xinjiang cotton stocks. The cotton in 2018/19 has been neglected. Four, the new year's ginning factory needs enough loan guarantee funds and its own purchase funds, otherwise, there is no qualification to participate in the acquisition and processing of 2019/20 in the new year.