Where will Xinjiang cotton market prices go?
Recently, Xinjiang’s seed cotton market has shown signs of cooling There is some evidence that the quotations of seed cotton in some areas have stabilized due to stagnation, and individual ginners have stopped closing and are waiting. The situation of soaring quotations in the market during the National Day period is quietly changing.
Southern Xinjiang: Ginning mills “have difficulty selling cotton”
On the 9th, a person in charge of the Aksu cotton ginning factory said that recently, mainland textile companies and traders have been coming to Xinjiang to inquire about prices and pre-purchase cotton, but Most of them are daunted by the exorbitant new cotton quotations. On that day, the quotations for grade 3128 hand-picked cotton in the supervision warehouse were concentrated at 15,600-15,900 yuan/ton (gross weight settlement, the seller is responsible for the lump-sum fee in the supervision warehouse), while the quotations for machine-picked cotton were at 14,900-15,100 yuan/ton.
“Many cotton companies compare the quotation of new cotton with the average transaction price of reserve cotton. Most of them think that the quotation of new cotton is too high and they dare not place an order.” The person in charge said that up to now, due to the excessive quotation of Xinjiang seed cotton, High, most of the new cotton sorted by cotton enterprises cannot be traded, occupying a lot of funds. It is understood that the current price of hand-picked seed cotton in southern Xinjiang is 7.5-7.6 yuan/kg, and some of the better quality ones reach 8.0 yuan/kg, while the price of machine-picked cotton with a clothing content of 38-39% is also 6.9-7.0 yuan/kg. Kilogram, the cost of new cotton has reached more than 15,500 yuan/ton. Cotton companies stated that downstream cotton companies do not accept high-priced cotton, but cotton farmers are willing to raise prices, and ginners are also in a difficult situation, so they can only suspend purchases and wait for the market to stabilize.
Northern Xinjiang: Falling cotton seeds drag down seed cotton
On the 9th, a company in Shihezi, northern Xinjiang, reported that the current purchase price of local cottonseed is 2.40-2.42 yuan/kg (ex-factory price), which is about 0.02 yuan/kg lower than yesterday. , down 0.16-0.22 yuan/kg from September 30. Talking about the reasons for the decline in cottonseed quotations, the company stated: The current cottonseed quotations are at a historical high, and most local oil mills are waiting and watching recently; secondly, some areas in northern Xinjiang have recently suffered from rainfall, cooling and frost, and cottonseeds have high humidity. Oil mills and middlemen not only suffer serious losses, but also find it difficult to survive.
The fall in cotton seed quotations has directly dragged down the seed cotton market. A market source said that some ginners have recently lowered their seed cotton purchase prices due to falling cotton seed quotations. As of the 9th, the price of 40% cotton picked separately in Shihezi was 7.3-7.4 yuan/kg, while the price of machine-picked cotton was 6.8-6.9 yuan/kg.
“The current cotton seed situation is not good, and the spot stock is not recognized. It is expected that the price of seed cotton will have to drop.” A person in charge of a ginner said that their factory is currently limiting the purchase volume to fully reduce risks.
Recently, the Xinjiang cotton market is at a crossroads. Where will the quotations go? Wait for time to confirm.
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