A total of 5.01 million tons of lint cotton were processed in Xinjiang, a year-on-year decrease of 1.93%. Public inspection in Xinjiang was 4.88 million tons (comparison of processing progress in various places in Xinjiang in the past three years)
The following lint processing and inspection volume summary data is as of 24:00 on March 12, 2020
Xinjiang’s lint cotton processing today was 3,800 tons, and the daily processing volume in the same period last year was 1,400 tons. As of 24:00 on March 12, Xinjiang had processed a total of 5.0162 million tons, a decrease of 1.93% from 5.1147 million tons in the same period last year. Currently, the average daily processing volume this year is lower than the same period last year, and the cumulative processing volume is lower than the same period last year. The inspection volume in Xinjiang totaled 4.8807 million tons.
The purchase situation of seed cotton in Xinjiang
The lint market in Xinjiang has been weak this week. The mainstream quotation of 3128 Xinjiang cotton market has dropped by 200-400 yuan/ton compared with last week, putting downward pressure on cotton prices. As Zheng cotton futures fell to a low level, lint sales were hindered and downstream order demand became confusing, resulting in insufficient support for spot cotton prices. At present, some enterprises in Xinjiang have resumed work, the isolation control of outsiders has been relaxed, and the logistics, transportation and warehouse operation capabilities have been restored.
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