Xinjiang: Seed Cotton Prices Stabilized And Spot Trading Reduced

According to feedback from the cotton processing enterprises within the territory, the purchase price of seed cotton has stabilized steadily in recent days, especially in the northern Xinjiang, where the purchasing price of machine picked cotton has dropped to 5.1-5.2 yuan / kg (37-38% below 5 yuan / kg in some cotton areas). In the southern part of Akesu, Kashi and other cotton areas, the 38-39% hand picked cotton also dropped to around 6 yuan / kg. Northern Jiangsu Province, Kuitun, Changji, Urumqi and other places ginning factory said that since 17 days encountered extensive cooling and snowfall weather (local wind), not only the seed cotton transportation and sale were obviously affected, in order to improve the quality of the rolling mill, control the cotton moisture regain and other indicators, the workshop will also adjust the processing time to a single shift (from 11 a.m. to 18 p.m.) or pause.

Henan, Shandong, Jiangsu and other places Cotton Traders reflect that since November, the number of purchasing basic cotton at the base price has been decreasing continuously, and the price of lint in the processing enterprises has been rising continuously. At present, the "double 29" (grade 31 or 41 level) of the northern Xinjiang regulatory library quoted 13200-13350 yuan / ton for the heavy delivery and 13000-13100 yuan / ton of "double 28" machine pick up cotton. In addition, many cotton ginning plants will be more willing to enter and store in the territory, especially the high quality lint of "double 28, double 29". First, enterprises will calculate the maximum price or high price of the reserve cotton wheel, and the profit will be higher than that of Zheng cotton. The two is that the capital can be quickly recovered.