Xinjiang: Spot transactions pick up, textile companies take the initiative to seek changes
Recently, cotton operating companies in Henan, Jiangsu, Shandong and other places have reported that the inquiries and transactions of Xinjiang cotton moved to the mainland in 2016/17 have picked up significantly compared with early and mid-March, especially the “double-digit price increase”. 28/pair 29/pair 30” and other high-quality machine-picked cotton and hand-picked cotton are actively inquiring.
A trading company in Nanyang, Henan Province has shipped more than 10 batches of hand-picked cotton from South Xinjiang stored in the Zhengzhou warehouse (about a week), all of which are grade 3128/2128 and 3129/2129 (fracture ratio Strength 27.5CN and above). First, the road transportation volume of Xinjiang cotton has continued to decline since March, and cotton enterprises have slowed down their relocation of warehouses; second, the proportion of Xinjiang cotton reserves in recent years has dropped (only 35% on April 5), traders are bidding fiercely, and the transaction price has touched the The price has rebounded from the bottom, and cotton-using enterprises have intensified their concerns about the lack of Xinjiang cotton listing resources; third, affected by the Zheng cotton CF1705 contract breaking the 14,700 yuan/ton integer mark again, not only traders who referenced the CF1709 contract price sharply lowered their spot quotations, some Xinjiang cotton The bargaining space of internal ginneries has also expanded to more than 200 yuan/ton, which is close to the market price of CF1705. Fabric factories and middlemen have begun to “change their minds.”
Cotton textile mills in Aksu, Korla and other places said that with the large-scale use of reserve cotton and cotton textile yarn by mainland enterprises, the cost of cotton yarn with counts of C40S and below dropped by 800-800 yuan compared with February-March. 1,000 yuan/ton. Since February and March, Xinjiang’s lint cotton has only been reduced by 200-300 yuan/ton under the support of favorable market factors. Therefore, the competitiveness of Xinjiang yarn has been definitely affected, especially the order for cotton yarn with count C32S and below has declined.
Analysis by a large cotton mill in southern Xinjiang shows that taking into account the timing of the reserve cotton rotation in 2017, mainland fabric mills have gradually gained advantages in raw material selection, capital occupation, low yarn count costs, etc., so they plan to increase The production of high-quality carded yarns of 40S and above, combed yarns of JC50S and above, and different chemical fiber yarns can completely avoid the vicious competition of low-count Cotton yarns.
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