Hebei Market Boost Market Confidence, Enterprise Personnel Began To Return To Xinjiang

In September, the new cotton year began. In 2020, people have been under the strict control of the epidemic situation. Affected by the situation, the cotton market once declined significantly. With the improvement of epidemic prevention and control at home and abroad, the market consumption slowly recovered, and the focus of cotton market gradually increased, which gave cotton enterprises some confidence.

First, Zheng cotton futures market rose. In 2020, after the outbreak of the epidemic, there are nearly three months when the enterprises are in the state of shutdown and production, and there is almost no transaction in the cotton market. The market of Zhengzhou cotton futures is greatly affected by the situation. Cf2101 contract reached the lowest price of 11000 yuan / ton on March 24. At the beginning of the period, the market was pessimistic due to the uncertainty of the outbreak of the epidemic. At the end of March and the beginning of April, the control of domestic epidemic situation gradually improved, and most enterprises returned to work and production. At the beginning of returning to work, on the one hand, protective measures were strengthened, on the other hand, it was difficult to maintain production, and the transmission of cotton industry chain was not smooth. Under the encouragement of various national assistance policies, the market situation of cotton in the later stage began to climb slowly, and so far the market recovered to about 13100 yuan / ton. With the beginning of the new year, the cotton market is steadily rising, which gives the market an optimistic attitude and enhances the confidence of the industry on cotton acquisition.

The second is that the state-owned reserve ship is throwing higher and higher. Since July 1, when the state abandoned the reserves, it was in response to the saying that "the more cotton is thrown, the higher the price". The reserve price of the first week of the round was 11837 yuan / ton, while that of the tenth week was 12323 yuan / ton, an increase of 486 yuan / ton. The average transaction price on the first day of July 1 was 11139 yuan / ton, while that on September 1 was 12185 yuan / ton, up 1046 yuan / ton. Since the auction, Guochu cotton has always maintained a 100% transaction rate, which is also a rare thing since the abandonment of storage. The main reason is that at present, the operation of enterprises is relatively difficult, the sales of high-quality cotton yarn has not improved greatly, and the enterprises are more active in purchasing low-priced National reserve cotton to control the production cost.

With the slow recovery of consumption at home and abroad, although the orders have improved slightly, the profit margin is low, and all walks of life are affected by the epidemic, and the pressure of capital turnover is great. At present, the sales receipts have a certain accounting period.

It is understood that according to the needs of epidemic prevention and control, at present, some areas of Xinjiang may take measures such as verifying the "negative" report of nucleic acid test within 7 days and the "green code" of national health code. With the advent of the acquisition season, some key personnel of enterprises have been trying to find ways to return to Xinjiang for preparation before acquisition.