New Cotton Quotes Increase, Chen Cotton Sales Pressure

Recently, the number of processing and warehousing of Xinjiang cotton increased rapidly in 2019/20, and the price of the ginning factory increased significantly, and the market price gradually formed. In October 11th, the 2128/3128 grade hand picked cotton and wool weight warehouse in southern Xinjiang was quoted for 12450-12650 yuan / ton (horse value 5.0-5.4, breaking strength 28cN/tex and above). The 3128 class hand picked cotton gross weight pick up price in Bachu area is only 12100-12200 yuan / ton (horse value 5.5-5.8). Northern Xinjiang's "double 29" machine picking up cotton regulatory warehouse reclaims the price of goods 12700-12900 yuan / ton, and the 3128 level pick-up cotton gross weight pick up price 12500-12650 yuan / ton (break ratio strength 28-29cN/tex), and the cost of unloading the garage is borne by the seller.

Some cotton processing enterprises in Akesu, Korla and other places reflected that during the National Day holiday, the new cotton sales price in 2019/20 fell sharply and Chen cotton's "downgrading and downgrading" situation was more prominent. On the other hand, the focus of traders' basic purchasing was "double 29/ double 30" and other high lint cotton linen. Therefore, 2018/19 Chen cotton's inquiry, transaction and warehousing became more and more deserted.

Buyers in Henan, Jiangsu and other places indicated that in from October 10th to 11th, the "double 28" hand picked cotton traders' heavy quotations were concentrated at 12300-12400 yuan / ton, and the "double 29" machine picked up the price of 12100-12300 yuan per ton (all of them were original settlement). If considering the weight of the public, the gross price difference and the demoted grading, the actual cost of purchasing Chen cotton and the new cotton were flat, and the sales of Chen cotton faced great pressure.