Xinjiang cotton prices fall and cottonseeds fall

According to the report of “China Cotton Textile Net”, in recent days, the cotton market in Xinjiang showed a decline in the quality and price of cotton, and the buying and selling have become increasingly cool. Some market players have expressed pessimism, and the bearish tone has continued to increase.

Up till now, picking cotton picking machines in the northern Xinjiang has basically ended, because there are rain and snow cooling weather, frost flowers gradually increase, the overall quality level is worse than in southern Xinjiang, and seed cotton prices are low. On the 11th, prices of hand-picked seed cotton in Shihezi and Changji were 5.80-6.0 yuan/kg (40% for clothes and 10% for water), and the price for machine-picking cotton was 4.80-5.0 yuan/kg, and the price was 0.2 yuan less than last Friday. Kilogram line. In southern Xinjiang's Aksu and Kashgar, the price of seed cotton was 6.0-6.2 yuan/kg (41% for clothes, 10% for moisture regain), while frostbush was generally lower than 6.0 yuan/kg, and some were lower than 5.5 yuan/kg, both compared with yesterday. It fell around 0.05 yuan/kg, down 0.10 yuan/kg from last Friday. Farmers have feedback that as of now, the picking of seed cotton in southern Xinjiang is nearing the end. Newly-extracted seed cotton is dominated by frost flowers with a clothing density of about 38-39%, which is 2-3% lower than normal, and most of the horses are C2, but the cotton farmers For the sake of selling more money, it is often sold together with good cotton, which makes the sorting and processing of ginning factories difficult.

Due to the declining quality of seed cotton and the slow sales of lint cotton, the progress of the ginning plant acquisition is slow, and some manufacturers stop to wait and see. The owner of a ginning factory said that their plant has accumulated more than 5,000 tons of lint cash and suffered from sales. With regard to liquidity and the volatility of cotton prices in the afternoon, their factories stopped their sales on the 10th and focused on selling cotton. On the 11th, the picking price of hand-picked cotton in the Shihezi area was 14300-14500 yuan/ton (3128). The machine-picking cotton has a relatively confusing price because of the large quality gap. The price center of gravity is 13600-13900 yuan/ton (3128 grades), which is 200 yuan/ton lower than last Friday; the 3128 level cotton pick-up price of Aksu platform is 14500-14600 yuan/ Tons, the 2129 grade mention 14800-14900 yuan / ton, compared with yesterday's drop of 100 yuan / ton, since November has continued to drop 400-500 yuan / ton. Recently, the downstream enthusiasm of textile companies, cotton traders and traders to purchase new cotton has decreased. A cotton trader introduced that under the circumstance of “buying up or not buying or falling”, everyone would generally wait and see, and wait until the cotton price stabilizes before purchasing again. Due to poor cargo, freight rates of some logistics companies have declined. Aksu Cotton transported steam to Shandong at RMB 1,150/ton, dropping by RMB 100-120/ton; shipping to Hebei Province is RMB 1,200/ton, and there are also 100. Yuan/ton decline.

Since the beginning of November, the price of cottonseed in the southern Xinjiang market has risen and dropped by 0.01-0.02 yuan/kg. The stalemate between the cashmere factory, the oil mill and the ginning factory cannot be broken. The oil plants in Aksu, Korla and other places on the 9-10th The purchase price was stable at 1.74-1.75 yuan/kg, and the pick-up price in the ginning factory was between 1.68-1.70 yuan/kg, which supported many ginneries in Nanjiang still buying seed cotton at 6.30-6.40 yuan/kg. In addition to the pressure on supply and demand of domestic high-grade cotton in 2014/15, the driving force (the import quota policy of cotton will not be adjusted unless the state initiates sales of reserved cotton out of stock), there is also an expectation that the price of cottonseed will increase to 1.80-1.90 yuan/kg. Aksu’s ginning factory stated that since the beginning of October, the price of sales in southern Xinjiang's lint platform and in-plant fell by 200-300 yuan/ton, and the purchase price of cottonseed dropped by 0.05–0.10 yuan/kg, but most of the ginning The lint cost of the plant has been “upside down” with the market price. Out of the optimistic view of the cottonseed market, some cotton companies believe that the final cost will be less than 14,000 yuan/ton (excluding financial expenses).

It is understood that due to cooling and snowfall and foggy weather in parts of Aksu on November 9th, seed cotton picking, acquisition and processing have been affected to a certain extent. Some cotton companies have reduced or stopped acquisitions on the 10th and 11th, and cotton supervision in Aksu Prefecture. The warehouse was also affected by the snowfall and delayed the lint storage and public inspections. With the rising proportion of frost yellow cotton listed, some ginning factories in Shaya, Awati, Kuche and other places plan to stop purchasing before November 25th. Some manufacturers will have a large amount of previous purchases, and the sales of lint will be hindered or will happen 20 days ago. Stop the acquisition. From the understanding of the situation, Aksu, Korla and other places in the cotton field has a certain amount of medium-term flowers have not yet been picked, cotton farmers are picking up flowers and trying to sell a good price. As the cotton companies are concerned that the 2014/15 low-grade cotton has serious “supply more than necessary”, the purchase of the Houhouhua is very cautious. Therefore, it cannot be ruled out that the purchase price of the seed cotton suddenly drops sharply or the farmers “sell cotton difficulties”.