The Acquisition Of Seed Cotton Is Basically Over. The Sales Of Xinjiang Cotton Are Obviously Delayed In The Mainland.

This year, the output of Xinjiang cotton increased substantially compared with that of last year. From the current processing situation, it is estimated that the total output of Xinjiang reached 3 million 800 thousand tons this year.

In recent years, the sales of cotton enterprises have been speeding up. As the price of Zheng cotton has dropped sharply, the price of Xinjiang cotton has also started to loose. The spot quotation of Akesu's cotton has been cut down by 150-200 yuan / ton, and the "double 28" picking price of cotton and wool has been dropped to 15200-15500 yuan / ton in the regulatory warehouse of Akesu and Bachu. "Double 29/ double 30" hand picked cotton wool price quotation has fallen to about 15800 yuan / ton.

At present, most cotton enterprises sell more than 4-5 sales. The sales progress of the Corps is much faster than that of local enterprises. Some divisions sell more than 80%, but the total output of Xinjiang is relatively small.

December is the peak period for the import of foreign cotton. It is estimated that the import volume will be more than ten million tons in December. In addition, Xinjiang cotton is expected to pport 40-50 tons in December, plus real estate cotton. Therefore, it is expected that there will be no shortage of cotton in the mainland market in December.

In addition, the amount of warehouse receipts plus effective forecast warehouse receipts is large, amounting to 133 thousand tons of cotton, while 1701 holding 81 thousand tons, so the warehouse receipt has great pressure on the disk.

Zheng cotton main contract continued to fall below the 40 day moving average and the 60 day moving average. The overall trend is still slumped, but Zheng cotton began a technical rebound after a two day crash. It is expected that it will still face technical adjustment in the short term. It is recommended that the warehouse should be empty and the overall trend of the commodities will be concerned.

The purchase of seed cotton in southern Xinjiang has also basically ended.

A person in charge of a cotton enterprise in Akesu said that their factory formally stopped collecting today, and there were still about 300000 Jin seed cotton to be processed.

According to its introduction, at present

Only a few cotton enterprises in the region are still buying, seed cotton prices 7.15-7.35 yuan / kg (lint 38-39%), unchanged from yesterday.

At present, the quality of seed cotton continues to decline, among which mixed grade mixing and high moisture regain are the majority.

"The cost is still rising, generally reaching 16000 yuan / ton."

A head of a cotton enterprise in Kashi said that the price of linseed was rising due to the recent fall in seed cotton prices and a slight drop in cottonseed prices.

According to feedback, there are two reasons for the decline of cottonseed: first, the recent haze and rainy weather in the mainland, and high-speed road closure. The mainland oil extraction plant temporarily stopped buying cotton seeds in Xinjiang, causing Xinjiang cottonseed to digest only in Xinjiang.

Second, the recent cottage meal market fell slightly, some oil refineries wait-and-see psychology rise, keep on the raw materials with buying.

The near future

Sales in the mainland are obviously late.

A local cotton merchant introduced that their company had two batches of 2200 tons of Xinjiang hand picked cotton and machine picked cotton into warehouses in Shandong, Jiangsu, Hubei, Henan and other places in the middle of this month.

Cotton traders said that if a one-time order of more than 200 tons, he immediately gave 100 yuan / ton concessions, if a one-time order of 500 tons, that is, 200 yuan / ton concessions.

In addition, the sale price of the 3128 class machine picked cotton in the cotton trader was 16200 yuan / ton, but the scope of negotiation could reach 200 yuan / ton interval, and in fact, it had already expressed the greatest sales sincerity.

According to the cotton trader, the sluggish sales of Xinjiang cotton in recent years have also brought us some nervousness.

With the entry of the end of the year, the number of new inland cotton is increasing.

The gap will soon be filled, so the closer to the Spring Festival, the more unwise it is for you to stock up.

Plus Zheng cotton futures stagflation, obvious signs of decline.

In December 21st, Zheng cotton reduced its position and exploded and collapsed.

Affected by this, Xinjiang cotton enterprises and cotton merchants accelerate the pfer of cotton to the mainland, and sell at a slightly higher price.

Just as some market participants say, the market atmosphere is decreasing, and the atmosphere of bad and sad is forming.

Cotton in the near future or ushered in the downward trend.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.