Xinjiang: The purchase of seed cotton is coming to an end, and the sales of lint cotton in the mainland are stagnant
The procurement of seed cotton in southern Xinjiang has basically ended. On December 21, the person in charge of a cotton company in Aksu said that their factory officially stopped harvesting today, and there are still more than 300,000 kilograms of seed cotton to be sorted, which is expected to be completed this week. According to him, currently only a few cotton companies in the Aksu region are still purchasing, and the price of seed cotton is 7.15-7.35 yuan/kg (clothing content 38-39%), which is the same as yesterday. At present, the quality of seed cotton continues to decline, with mixed grades and high moisture regain accounting for the majority.
“The cost is still rising, generally reaching 16,000 yuan/ton.” On December 21, the person in charge of a cotton company in Kashgar said that because the price of seed cotton has not fallen recently, but the price of cotton seed has dropped slightly, resulting in lint Costs rise. On December 21, the loading price of cottonseed in southern Xinjiang was 12.67-2.68 yuan/kg, down 0.02 yuan/kg from yesterday. According to feedback, there are two reasons for the decline in cotton seeds: the recent haze and rainy weather in the mainland, highway closures, and mainland oil mills have suspended the purchase of cotton seeds in Xinjiang, resulting in Xinjiang cotton seeds that can only be digested in Xinjiang. Second, the cotton meal market has fallen slightly recently, and some oil mills have become more wait-and-see and insist on buying raw materials as they are used.
The sales of Xinjiang cotton in the mainland have been significantly lagging recently. A local cotton merchant said that in the middle of this month, his company had two batches of hand-picked cotton and machine-picked cotton from Xinjiang entering warehouses in Shandong, Jiangsu, Hubei, Henan and other places in the Mainland. However, there have been few inquiries from downstream buyers in recent days. price. As of December 21, the ex-warehouse price of “Double 29” and “Double 30” hand-picked cotton in Shandong and Henan warehouses was 16,600-16,700 yuan/ton, which was the same as yesterday. However, the cotton merchant said that if the one-time order exceeds 200 tons, he will immediately give a profit discount of 100 yuan/ton. If the one-time order is 500 tons, he will give a profit discount of 200 yuan/ton. The sales price of other 3128-grade machine-picked cotton in the hands of this cotton merchant is 16,200 yuan/ton, but he said that the negotiation range can be in the range of 200 yuan/ton, which actually shows great sincerity in sales. According to the cotton merchant, the recent sluggish sales of cotton in Xinjiang have also brought some nervousness to everyone.
As we enter the end of the year, the amount of cotton transported inland from Xinjiang is increasing, and the “gap” between supply and demand in the mainland will soon be filled. Therefore, the closer we get to the Spring Festival, the more unwise it is for everyone to stock up. Coupled with the stagflation of Zheng cotton futures, there are obvious signs of decline. On December 21, Zheng Mian reduced its position and plummeted, and the bulls collapsed. Affected by this, Xinjiang cotton companies and merchants accelerated the transfer of cotton to the mainland and sold it at a slight increase in price. As one market participant said, the bullish atmosphere in the market is diminishing, and a negative and sad atmosphere is taking shape. Cotton may see a decline in the near future.
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