The quality of new cotton is better than last year and the price of seed cotton has stabilized
Abstract: Since sowing this year, the weather has been generally conducive to the growth and development of cotton. Most cotton across the country is growing well and the quality is better than last year. According to data from the China Fiber Inspection Bureau, as of the end of October, the average length of cotton inspected nationwide was 29.05 mm, an increase of 0.92 mm year-on-year. The proportion of 29 mm and above accounted for 54.78%, an increase of 38.78 percentage points year-on-year. Among them, the average length of Xinjiang cotton was slightly long, with an average length of 29.07 mm, year-on-year
Key words:
Since sowing this year, the weather has been generally conducive to the growth and development of cotton. Most of the cotton in the country is growing well and of good quality. last year. According to data from the China Fiber Inspection Bureau, as of the end of OctoberOctober, the average length of cotton inspected nationwide was29.05mm , a year-on-year increase of 0.92mm, and the proportion of 29mm and above was 54.78% , a year-on-year increase of 38.78 percentage points, among which the average length of Xinjiang cotton is slightly longer, with an average length of 29.07mm, a year-on-year increase of0.92mm. In terms of color type, white cotton accounts for 98.41%of the total cotton in the country, mainly Xinjiang cotton. From the perspective of micronaire value, it is mainly B2, of which A+B accounts for b>62.8%, a year-on-year increase of 21.0 percentage points, C2 The proportion of grade 1 was37.2%, a decrease of21.0 percentage points year-on-year. The “short and thick” problem of cotton last year has been improved.
EnteringNovember, snowfall and strong winds occurred in northern Xinjiang, and the temperature dropped significantly. There was windy and sandy weather in southern Xinjiang, and cotton harvesting slightly affected. At present, cotton picking in the northern Xinjiang cotton area has basically been completed, while cotton picking in southern Xinjiang is at an advanced stage. Processing enterprises are worried that the quality of seed cotton will decline in the later period due to the weather, and they have stepped up their purchases. As ofNovember4, the actual cumulative amount of lint cotton in Xinjiang professionally supervised warehouses155.85tons, and the cumulative processed lint volume1.7815tons. The purchase price of seed cotton is basically stable, and Xinjiang3129 grade machine-picked cotton remains at6.3-6.5yuan /kg, hand-picked cotton7-7.4yuan/kg . The price of cottonseed has increased, from2.5yuan/< in late October /b>kg has risen to the current2.6yuan/kg, the lint processing cost of cotton companies So it dropped slightly.
Last week (10month31day -November4), the domestic lint spot market price remains stable. Most textile companies continue to wait and see, and actual market transactions are rare. . NovemberMonth4China Cotton Price IndexCCIndex(3128B)Close at15369yuan/ tons, up for the whole week4 Wyuan.
During the same period, affected by factors such as the pressure for new flowers to be launched, expectations that the Federal Reserve will raise interest rates, and the strength of the U.S. dollar, international cotton market prices fell. 11Month4ICEThe recent cotton futures contract closed at68.53 cents/pounds, down for the week2.29cents, CotlookAIndex closed at77 cents/ pounds, all Weekly decline2.15 cents.
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Since sowing this year, the weather has been generally conducive to the growth and development of cotton. Most of the cotton in the country is growing well and of good quality. last year. According to data from the China Fiber Inspection Bureau, as of the end of OctoberOctober, the average length of cotton inspected nationwide was29.05mm , a year-on-year increase of 0.92mm, and the proportion of 29mm and above was 54.78% , a year-on-year increase of 38.78 percentage points, among which the average length of Xinjiang cotton is slightly longer, with an average length of 29.07mm, a year-on-year increase of0.92mm. In terms of color type, white cotton accounts for 98.41%of the total cotton in the country, mainly Xinjiang cotton. From the perspective of micronaire value, it is mainly B2, of which A+B accounts for b>62.8%, a year-on-year increase of 21.0 percentage points, C2 The proportion of grade 1 was37.2%, a decrease of21.0 percentage points year-on-year. The “short and thick” problem of cotton last year has been improved.
EnteringNovember, snowfall and strong winds occurred in northern Xinjiang, and the temperature dropped significantly. There was windy and sandy weather in southern Xinjiang, and cotton harvesting slightly affected. At present, cotton picking in the northern Xinjiang cotton area has basically been completed, while cotton picking in southern Xinjiang is in the rear.��. Processing enterprises are worried that the quality of seed cotton will decline in the later period due to the weather, and they have stepped up their purchases. As ofNovember4, the actual cumulative amount of lint cotton in Xinjiang professionally supervised warehouses155.85tons, and the cumulative processed lint volume1.7815tons. The purchase price of seed cotton is basically stable, and Xinjiang3129 grade machine-picked cotton remains at6.3-6.5yuan /kg, hand-picked cotton7-7.4yuan/kg . The price of cottonseed has increased, from2.5yuan/< in late October /b>kg has risen to the current2.6yuan/kg, the lint processing cost of cotton companies So it dropped slightly.
Last week (10month31day -November4), the domestic lint spot market price remains stable. Most textile companies continue to wait and see, and actual market transactions are rare. . NovemberMonth4China Cotton Price IndexCCIndex(3128B)Close at15369yuan/ tons, up for the whole week4 Wyuan.
During the same period, affected by factors such as the pressure for new flowers to be launched, expectations that the Federal Reserve will raise interest rates, and the strength of the U.S. dollar, international cotton market prices fell. 11Month4ICEThe recent cotton futures contract closed at68.53 cents/pounds, down for the week2.29cents, CotlookAIndex closed at77 cents/ pounds, all Weekly decline2.15 cents.
AAA
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