North Xinjiang Picking Progress, Late Efforts, Seed Cotton Prices Fell Sharply

At present, some trade enterprises sell the reserve cotton and adopt the futures point pricing method. That is to say, the textile enterprises pay the full amount of the loan plus a certain amount of deposit, then the cotton can be used out of the warehouse. Then, according to the different quality indexes of the batches of cotton, the two discount will be added or reduced accordingly.

In this way, not only is it convenient for textile enterprises to purchase, but also for buyers, the pricing method is flexible and has certain initiative.

The cotton picking area in Korla and other cotton regions affected the picking progress of cotton seed because of the large proportion of hand picking cotton, the severe shortage of pickers and the variety of medium cotton. Korla was listed in the three main cotton producing areas in the south of Xinjiang at the latest. It was affected by the factors such as the late opening of the cotton mill and the timely acquisition and cooling of the cotton seed by the loan bank. The local picking rate was less than 50%.

Some cotton enterprises reflect that because of the slow progress of seed cotton picking and harvest, the price of seed cotton purchasing dropped by 0.70-0.80 yuan / kg, plus the strict control of water content of ginning plants and the lack of funds for purchase, the amount of daily purchase of many cotton ginning mills within the territory can not even meet the processing needs. Therefore, the gap between seed cotton purchase progress and cotton processing progress is narrowed, and the supply of seed cotton in some cotton enterprises in southern Xinjiang is not enough, resulting in intermittent processing of workshops.

At present, the difference between the price of the Akesu station ginning factory and the actual paction is 100-300 yuan / ton. The main selling intention is to use the policy support to buy the loan enterprise (to provide the cotton sale contract and receive at least 10% deposit to continue lending) or to purchase the funds which are facing the exhausted cotton mill. The main purpose is to take advantage of the sharp decline in seed cotton prices and expand the purchase volume, thereby reducing the average cost of seed cotton and lint and reducing the risk of acquisition and operation.

The overall picking rate of seed cotton has reached 55%-60%, of which more than 70% are

。

In October, there was a lot of cold and rainy weather, coupled with concerns about the early arrival of the frost season this year, the late stage of the northern Xinjiang picking up efforts, and by the end of October, the progress of picking flowers in the Shawan, Jinghe, Kuitun and Shihezi cotton areas has exceeded 70%.

Zheng cotton fell and rebounded (CF1701 contract stabilized 15000 yuan / ton psychological support level), seed cotton purchase

Weak stability and lint costs generally at the top of 16000 yuan / ton to promote the supervision of the territory of the cotton price quotations, the paction price has been completely stopped, "double 28, double 29" lint cotton ginning factory's willingness to raise the price is strong.

Akesu, Bachu, "3128, 3129" (fracture strength 28CN and above) gross price quoted 15500-15800 yuan / ton (a few cotton enterprises "double 29/ 30 30" offer 16000 yuan / ton) but due to the lack of mainland textile mills, traders inquiry and procurement, is still in the "low price" state.

The enthusiasm of the higher seed cotton purchase market and the calming of the lint purchasing market, this cold and hot means that the prelude of the upstream and downstream of the cotton industry chain has been quietly pulled open. Due to the existing reserve cotton circulation inventory, the next year's reserve throwing and storage expectations, the external cotton yarn and macroeconomic policies and other factors, the future market trend has many uncertainties.