South Xinjiang Cotton Ginning Factory "Sell Cotton Difficult" North Xinjiang Cotton Seed Down Drag Seed Cotton

Recently, the cotton market in Xinjiang is at a crossroads. Where will the price go?

The signs of cooling in Xinjiang's seed cotton market have been slightly revealed, and the price of seed cotton has been stagnant in some areas to stabilize, and some flower mills have stopped waiting and watching. The situation of soaring market prices during the National Day is changing quietly.

"Now cottonseed situation is not good, spot is not recognized, estimated seed cotton prices have to drop."

The head of a ginning factory said that their factories are now pressing down on acquisitions and minimizing risks.

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The head of the ginning factory said that the mainland's textile manufacturers and traders had come to inquire and buy Cotton in the near future, but most of them were deterred from the high price of new cotton.

On the same day, the 3128 class hand picked cotton price in the regulatory library was concentrated at 15600-15900 yuan / ton (gross weight settlement, the warehouse supervisor was responsible for the sale, and the price of the machine picking was 14900-15100 yuan / ton).

"Many cotton enterprises compare the average price of new cotton with the average price of cotton reserves. Most of them believe that the price of new cotton is too high and they dare not place the order."

The official said that as of now, due to the high price of seed cotton in Xinjiang, most cotton enterprises can not handle the new cotton processing, which has led to a lot of capital.

It is understood that the southern Xinjiang hand picked seed cotton price in the 7.5-7.6 yuan / kg line, some of the better quality reached 8 yuan / kg, while the linen percentage of 38-39% picking cotton is also 6.9-7.0 yuan / kg.

The cost has reached 15500 yuan / ton.

Cotton enterprises said that the high price cotton downstream cotton enterprises do not accept, but cotton farmers have a strong will, the ginning factory is also in a dilemma, can only suspend the acquisition, waiting for market stability.

On the 9 day, an enterprise in northern Shihezi reflected that the purchase price of cotton seed at 2.40-2.42 yuan / kg (ex factory price) was down 0.02 yuan / kg compared with yesterday, and fell by 0.16-0.22 yuan / kg compared with September 30th.

Talking about

The reason for the fall in prices is that the company said: first, the price of cottonseed is at a historical high level. Recently, most of the local oil plants are on the sidelines. Second, recently, parts of Northern Xinjiang are suffering from rainfall, cooling and frost weather.

The decline in cottonseed prices has been a direct drag on the seed cotton market.

A market source said that some cotton ginning mills had cut down the purchase price of seed cotton in recent years because of the drop in cotton seed prices.

As of 9 days, the price of picking up cotton in the 40% garment breakup in Shihezi was 7.3-7.4 yuan / kg, while the machine picked cotton was 6.8-6.9 yuan / kg.