Xinjiang Seed Cotton Quality Declines, Market Bearish Sound Strengthened

Recently, Xinjiang cotton city showed the double decline of cotton quality and price, and the purchase and sale became increasingly cold.

Up to now, the picking work of machine picked cotton in North Xinjiang has basically ended, because there is rain and snow and cool weather, and frost gradually increases.

Quality level is lower than southern Xinjiang, and seed cotton price is low.

On the 11 day, the price of hand picked seed cotton in Shihezi, Changji and other places was 5.80-6.0 yuan / kg (lint 40%, moisture 10%), the price of machine picked cotton was 4.80-5.0 yuan / kg, and the price dropped 0.2 yuan / kg from last Friday.

Akesu, Kashi and other places in the southern part of the seed cotton to the factory price 6.0-6.2 yuan / kg (lint 41%, moisture regain 10%), frost is generally lower than 6 yuan / kg, part of less than 5.5 yuan / kg, all yesterday compared with yesterday dropped 0.05 yuan / kg, compared with last Friday fell 0.10 yuan / kg line.

Feedback from cotton growers

At present, the picking of cotton seeds in the southern Xinjiang is nearing the end. The newly picked cotton seeds are mainly frosted, and the lint is around 38-39%, which is 2-3% lower than the normal flowers. The horse value is mostly C2. However, the cotton farmers sell more money and often mix with the good cotton, which will bring difficulty to the sorting and processing of the ginning plants.

As the quality of seed cotton decreased, and lint was unsalable, the purchasing process of the cotton mill was slow.

A ginning factory owner said that their factory had accumulated more than 5000 tons of lint cash and was hard to sell. Because of fluctuating liquidity and post market cotton price fluctuations, their factory had stopped collecting on the 10 day, and concentrated on selling cotton.

On the 11 day, the pick-up price of hand picked cotton in Shihezi area was 14300-14500 yuan / ton (3128 level).

However, the quality of the machine picked cotton is relatively large, and the quotation is rather confusing. The price center of gravity is at 13600-13900 yuan / ton (level 3128), down 200 yuan / ton compared with last Friday.

Platform 3128 grade lint pick up price 14500-14600 yuan / ton, 2129 level 14800-14900 yuan / ton, down 100 yuan / ton compared with yesterday, since November, has continued to decline 400-500 yuan / ton.

Recently, downstream textile enterprises, cotton traders, traders to buy new cotton enthusiasm reduced.

A cotton trader introduced that under the psychology of "buying up but not buying down", we generally waited and waited until cotton prices stabilized.

Due to the poor pportation of goods, the freight rates of some logistics companies have dropped, and Akesu cotton has been pported to Shandong.