Xinjiang: The price of high-quality cotton is strong. Can railway freight be reduced?
Correspondent from China Cotton Network: It is understood that more than 80% of the 2016/17 Xinjiang cotton resources currently quoted and sold by inland warehouses belong to traders, and the proportion of “double 28/double 29/double 30” is relatively high. With Zheng Cotton In recent months, the contract has exceeded the integer mark such as 15,500 yuan/ton and the quantity of Xinjiang cotton listed in the reserve cotton rotation has gradually decreased. Traders not only have strong quotations but also have a rising reluctance to sell. There are more cotton-related companies planning to stock up on cotton.
On April 19-20, warehouses in Hebei, Henan and other places in southern Xinjiang grade 3128/2128 (fracture specific strength 27.5CN and above) gross weight reported 16000-16200 yuan / ton, Kuitun, northern Xinjiang Shihezi machine-picked cotton “double 29/double 30” gross weight delivery is 16,200-16,500 yuan/ton. In the commercial cotton auction market, the price of hand-picked cotton of the same grade ranges from 16,200 yuan/ton to 16,500 yuan/ton. The starting price of “Double 30” machine-picked cotton in Northern Xinjiang is 16,500 yuan/ton (both are publicly determined). Mainland fabric factories and middlemen It is generally believed that the price is 300-400 yuan/ton on the high side, so “I only hear the sound of the stairs, but no one comes down”, and even one batch cannot be sold for several days in a row.
Recent market rumors indicate that the Urumqi Railway Bureau has received notice that the freight rates for boxcars sent to some railway bureau stations in the mainland will be reduced by 30% from April 18 to June 30, including 70-ton and 60-ton load capacity. . Henan, Hubei, Shandong and foreign businessmen and traders have expressed that it is a big benefit and hope that the relevant departments will clarify as soon as possible which warehouse points can enjoy the freight reduction discount to reduce unnecessary expenditures.
The pressure on railways to leave Xinjiang from April to June is not small, and judging from the progress of Xinjiang cotton sales, cotton cargo rights and flow direction, it is mainly shipped to hot spots such as Shandong, Henan, Hebei, Jiangsu and Zhejiang. , the distribution of carriages is already very tight, and it is estimated that it will be difficult to enjoy the discount of freight reduction. However, other non-main cotton-producing areas have relatively little demand and consumption for Xinjiang cotton, and the freight reduction will not have a big impact on the entire market, cotton-related enterprise confidence, and supply and demand levels.
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