Will the probability of downstream textile companies actively bidding for cotton reserves increase significantly this year?

Will the probability of downstream textile companies actively bidding for cotton reserves increase significantly this year?

Abstract: Domestic cotton sales volume in 2016 is a topic of concern. This is not only important for judging future cotton price trends, but also very important for judging whether downstream textile companies are active in purchasing when cotton reserves are released. So far, what is the domestic cotton sales volume? According to statistics from the National Cotton Market Monitoring System, there is not much new cotton left in the hands of cotton farmers in 2016. Only mainland cotton farmers still have a small amount of cotton in stock, and the rest have been sold to cotton companies.

2016The annual domestic cotton sales volume is a topic that everyone pays attention to. This is not only important for judging the future cotton price trend, but also very important for judging whether the downstream textile enterprises are active in purchasing when the reserve cotton is released. important. So far, what is the domestic cotton sales volume?

According to statistics from the National Cotton Market Monitoring System, 2016 cotton farmers have very little new cotton left, but there are still some cotton farmers in the mainland. There is a small amount of cotton in stock, and the rest has been sold to cotton companies for processing. According to a survey of 80large and medium-sized cotton processing enterprises, as of2monthOn March 3, the national lint processing rate95.9%, a year-on-year increase of0.5 percentage points, of which the processing rate in Xinjiang is 98.4%. According to the estimated domestic cotton output511.7 million tons (National Cotton Market Monitoring System2017Year1Month Forecast) Calculation, as ofFebruary3, the national cumulative Processed lint cotton467.7tons, a year-on-year increase of 4.8tons, of which lint cotton was processed in Xinjiang3.984tons; cumulative sales of lint cotton2.896tons, a year-on-year increase of 45.845.8 million tons, of which Xinjiang sold lint cotton2.405tons.

It can be seen that2016 domestic lint sales accounted for 56.6%, of which the sales volume in Xinjiang was 2.405 million tons, and the sales proportion reached 60.4% (according to the processing volume in Xinjiang 398.4 million tons), the mainland sales volume is 49.1 million tons, and the sales ratio reaches 70.9% (calculated based on mainland processing volume69.4 tons).

The unsold volume of new cotton in 2016 was 222.1 tons (total domestic cotton production minus Cumulative sales), it is obvious that in the remaining 7months of2016year, 200More than 200,000 tons of commercial cotton cannot meet the needs of downstream textile companies. Calculated based on the domestic average monthly consumption of cotton70tons, it will take at least7 months 4.90 million tons, if coupled with the quantity of cotton reserves, the quantity can just meet the demand. In addition, no matter from the perspective of enterprise production needs or price, reserve cotton is a cost-effective product (2017 is still a bag inspection). From last year’s enterprise bidding and Judging from usage, it is expected that bidding enthusiasm will remain high this year.