Xinjiang'S Lint Cotton Processing Totaled 1 Million 460 Thousand Tons Of Cotton Prices Rising Atmosphere

Today, 66 thousand tons of lint are processed in Xinjiang, and 61 thousand and 800 tons per day during the same period last year. As at 24 o'clock in October 30th, Xinjiang processed 1 million 460 thousand and 900 tons, down 8.53% from 1 million 597 thousand and 200 tons in the same period last year. At present, the average daily processing volume is less than that of the same period last year, and the cumulative processing volume is lower than that of the same period last year.

The summary date for lint processing and inspection is up to 24 October 30, 2019.

Lint processing volume

Nationwide, 770 enterprises were started, totaling 1479603 tons.

In Xinjiang, 721 enterprises were started, totaling 1460989 tons, including 943226 tons of local enterprises and 517762 tons of corps.

In the mainland, 49 enterprises were started, totaling 18614 tons, 10767 tons in Shandong, 1557 tons in Jiangsu enterprises, 2521 tons in Hebei enterprises, 2460 tons in Gansu enterprises, 1195 tons in Hubei enterprises, 97 tons in Tianjin enterprises and 17 tons in Henan enterprises.

Lint test

A total of 4391203 packages, totaling 992 thousand and 85 tons, were detected nationwide.

The total volume of inspection in Xinjiang is 4319517 packages, a total of 975 thousand and 952 tons.

The inland inspection volume is 71686 packs, a total of 16 thousand and 133 tons.

This month Xinjiang cotton price quotas rose sharply, the overall increase in the range of 100-600 yuan / ton, the market quotation is strong. The main reason is that Zheng cotton futures rebounded upward in the near future, overlaying the cost increase factors caused by the rising of seed cotton, supporting the spot cotton prices continue to rise, and the market price atmosphere is strong. In terms of seed cotton, the price of machine picked seed cotton in North Xinjiang was 5.1-5.3 yuan / kg, which rose by 0.6 yuan / kg compared with the beginning of the month. The price of hand picked seed cotton in the southern Xinjiang was 5.8-6.2 yuan / kg, which rose by 0.3 yuan per kilogram earlier than the beginning of the month. At present, there are many sets of hedging in the cotton ginning plant, and scarce resources are available for spot trading, and the market is more aware of the risk aversion.