Middlemen have no choice but to wait and see, while cotton companies encounter financial bottlenecks
It is understood that the current gross weight of “double 28 and double 29” hand-picked cotton in the supervision warehouses in Bachu, Aksu and other places The quoted price is 15,500-15,700 yuan/ton, and the wool weight of “3128 grade” machine-picked cotton in the northern Xinjiang regulatory warehouse is quoted at 14,800-15,000 yuan/ton. The actual transaction price is 100-200 yuan/ton lower than the quoted price, but mainland cotton textile mills and operators Still mainly waiting and watching, there is not much enthusiasm for inquiry and purchase of goods.
A cotton company in Sichuan stated that since late October, Sichuan and Chongqing And for customers in Hunan and other places, the factory price of “Double 28” hand-picked cotton in Nanjiang is 16,100-16,200 yuan/ton (gross weight), and the cost of truck transportation from Aksu to Sichuan is about 900-950 yuan/ton (excluding Xinjiang cotton export subsidies). If In southern Xinjiang, lint is purchased at a price of 15,400-15,500 yuan/ton, and the book loss is 200-300 yuan/ton. Although there is a subsidy of 500 yuan/ton for export from Xinjiang, the application and payment period for the subsidy is nearly one year. Not only is the interest rate relatively high, but a large amount of purchasing funds are occupied in the short term. Therefore, the purchase of new cotton in late October will not only make no profit but also cause losses. Waiting and watching is the current purchase. The general mentality of businessmen.
On October 25, hand-picked cotton and machine-picked cotton in Xinjiang The purchase price of cotton (40% clothing content) has dropped to 7.15-7.25 yuan/kg and 6.30-6.40 yuan/kg. Some ginners purchase seed cotton at a price of 7.30-7.35 yuan/kg, without ginning the clothing content or measuring the length. Measure the moisture content. Considering that the current seed cotton is a medium-term flower, the clothing content is generally 41.5%-42%, and the moisture content of seed cotton is relatively low, generally within 11%. Therefore, the purchase price of “Tonghua” is only 7.00-7.10 yuan/kg, which is relatively low. The high point in early October fell by 0.60-0.70 yuan/kg.
Some ginneries in Xinjiang said that the current shortage of funds is particularly acute. , acquisitions can only be slowed down or suspended. First, there is no sign of relaxing the lending bank’s “loan restriction” measures. An excessively high proportion of self-raised funds and a lint sales contract (with a deposit of more than 10%) are the conditions for loan renewal. It is difficult for some ginners to achieve this; secondly, even if the ginners make a loss of 500-800 yuan/ton selling lint cotton, buyers do not take the initiative to take delivery of the goods. “There is a price but no market”, which makes it difficult to collect payment.
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