Xinjiang traders lower their purchasing prices, but cotton companies are not enthusiastic about moving warehouses
Abstract: It is understood that the current procurement of lint cotton in Xinjiang is still dominated by foreign businessmen, cotton operators and wadding customers. There are still only a few purchasers from mainland cotton textile mills entering Xinjiang, and most of them purchase “Double 28 and Double 29” handicrafts through traders. When picking cotton, payment is made at the factory. The trader will advance the payment and contact the truck for transportation out of Xinjiang. Ginning mills in Xinjiang responded that due to the high enthusiasm of cotton companies to participate in hedging with the main contract of more than 15,300 yuan/ton in Zhengzhou, the number of “price points” is large, and the public
Key words:
It is understood that the current procurement of lint cotton in Xinjiang is still dominated by foreign businessmen, cotton operators and wadding customers. There are still only a few purchasers from mainland cotton textile mills entering Xinjiang, and most of them are through traders. When purchasing “double28, double29” hand-picked cotton, payment will be made at the factory, and the trader will advance the payment. And contact the truck transport out of Xinjiang.
The ginning mills in Xinjiang responded that due to the main contract of Zhengqi15300yuan/Cotton enterprises with a ton or more volume are highly motivated to participate in hedging, and the number of “price points” is large. In addition, road and railway transportation prices and transportation methods change greatly, so foreign businessmen and traders “ The benchmark price of “3128level” continues to decrease, while the basis difference with the main contractCF1701 increases.
A Henan wadding manufacturer stated that it has recently sent 20 multiple loads of wadding (colors) to customers in Guangdong, Hunan, Hubei and other places. Good grade, less impurities, high horse value, no requirements for length and strength), delivery price from warehouses in Bachu, Aksu and other places15300-15500yuan/Tons (gross weight).
Judging from the survey, some institutions and ginners in Xinjiang believe that due to the low quality of local cotton, slow listing and2016/17The annual U.S. cotton will arrive in Hong Kong as early as mid-to-late DecemberDecember, which is likely to cause a short-term supply vacuum of high-quality cotton in the mainland. Cotton prices are expected to continue to rise, but they will shift to the mainland. Library’s enthusiasm is not high.
With the Urumqi Railway Bureau’s transportation fee adjustment from “Floating30% to falling7% b>“, and the number of empty boxcars and containers leaving Xinjiang is very tight. The focus of cotton and cotton spinning enterprises in moving warehouses has turned to road transportation. Truck freight has risen sharply again. For example, from Aksu to Nanyang, the same period last year was720-730yuan/tons, this year9, October rose to 830-840 yuan/ tons, At present, it has been raised by 50-70 yuan/tons.
The costs of loading and unloading, warehousing, insurance, and supervision of warehouses in the mainland are significantly higher than those of the supervision warehouses in Xinjiang (the “bulk fee” of the Aksu warehouse within one month88yuan/tons, while mainland warehouses are generally priced at120yuan/tons or more), plus transportation fees, which is a big expense for cotton companies (it takes one year from declaration to payment of export subsidies). Therefore, if there is no contract signed or clear intention of supply and marketing, ginning factories in Xinjiang will still be cautious in moving warehouses, especially the local machine-picked cotton manufacturers in northern Xinjiang.
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It is understood that the current procurement of lint cotton in Xinjiang is still dominated by foreign businessmen, cotton operators and wadding customers. There are still only a few purchasers from mainland cotton textile mills entering Xinjiang, and most of them are through traders. When purchasing “double28, double29” hand-picked cotton, payment will be made at the factory, and the trader will advance the payment. And contact the truck transport out of Xinjiang.
The ginning mills in Xinjiang responded that due to the main contract of Zhengqi15300yuan/Cotton enterprises with a ton or more volume are highly motivated to participate in hedging, and the number of “price points” is large. In addition, road and railway transportation prices and transportation methods change greatly, so foreign businessmen and traders “ The benchmark price of “3128level” continues to decrease, while the basis difference with the main contractCF1701 increases.
A Henan wadding manufacturer stated that it has recently sent 20 multiple loads of wadding (colors) to customers in Guangdong, Hunan, Hubei and other places. Good grade, less impurities, high horse value, no requirements for length and strength), delivery price from warehouses in Bachu, Aksu and other places15300-15500yuan/Tons (gross weight).
Judging from the survey��Some institutions and ginners in Xinjiang believe that due to the low quality of real estate cotton, slow launch and2016/17US cotton production will be too early Arriving in Hong Kong in mid- to late Decemberis likely to cause a short-term supply vacuum for high-quality cotton in the mainland. Cotton prices are expected to continue to rise, but the enthusiasm for moving warehouses to the mainland is not high.
With the Urumqi Railway Bureau’s transportation fee adjustment from “Floating30% to falling7% b>“, and the number of empty boxcars and containers leaving Xinjiang is very tight. The focus of cotton and cotton spinning enterprises in moving warehouses has turned to road transportation. Truck freight has risen sharply again. For example, from Aksu to Nanyang, the same period last year was720-730yuan/tons, this year9, October rose to 830-840 yuan/ tons, At present, it has been raised by 50-70 yuan/tons.
The costs of loading and unloading, warehousing, insurance, and supervision of warehouses in the mainland are significantly higher than those of the supervision warehouses in Xinjiang (the “bulk fee” of the Aksu warehouse within one month88yuan/tons, while mainland warehouses are generally priced at120yuan/tons or more), plus transportation fees, which is a big expense for cotton companies (it takes one year from declaration to payment of export subsidies). Therefore, if there is no contract signed or clear intention of supply and marketing, ginning factories in Xinjiang will still be cautious in moving warehouses, especially the local machine-picked cotton manufacturers in northern Xinjiang.
AAA
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