Cotton Prices Down: Cotton Market Waiting For Reserve Cotton Rotation

Since March 1st, the price of Zheng cotton futures has fallen back to the upper level of 10000 yuan, which affected the spot price of lint stabilized, but the paction volume was not heavy.

It is understood that, due to the sharp fall of pre futures prices, plus the rumors of the national cotton store's passing, some Xinjiang cotton enterprises have become more nervous and panic, and their willingness to go stock has been greatly enhanced. The price of some 3 grade Xinjiang cotton to the mainland textile mill is only 12400 yuan / ton, and the price of Xinjiang cotton with very good indicators is only 12600 yuan / ton.

Looking at the recent

Xinjiang cotton, a Xinjiang cotton enterprise official, said that at present, his lint inventory is still around 1000 tons, not that no one wants to, but the price is too low to sell. These lint processing costs are 13400 yuan / ton. Now textile enterprises offer only 12400 yuan / ton, net loss 1000 yuan / ton, plus bank interest and warehousing expenses.

At present, most other spot sales in other regions are similar to those in Hebei and Anhui.

Recently, the wind of cotton spinning has become more and more serious. Some cotton enterprises worry that cotton can not be sold after the sale of cotton reserves, but some cotton enterprises are too big to sell because of selling at current prices.

When the policy is uncertain, we are cautious about entering the market. Everyone is waiting for the news of the reserve cotton rotation.

In March 9th, the Hebei cotton merchant 3128 class real estate cotton sale quoted price 11500 yuan / ton (public settlement, pick up, take the ticket, the same below), the 1228 level quoted price 11400 yuan / ton, 4128 level quoted price 11300 yuan / ton; the Xinjiang hand picked cotton quotation is higher than the real estate cotton high 700 yuan / ton, the machine picked cotton high 500 yuan / ton; Xinjiang 137 grade long staple cotton sells the quoted price 22400-22500 yuan / ton (public settlement, the local warehouse pick up the goods, takes the ticket, the same below), the 237 grade quoted price is 237 yuan / ton, the above price is equal to the day of the invasion.

The cotton trader reflects that the current textile enterprises are more interested in Zheng cotton warehouse cotton, so although the price of cotton has stopped, the spot sales have not improved and the volume has not increased.

The price of lint cotton in Anhui has also stabilized recently. The 3128 grade sawtooth cotton quotation is at 12300 yuan / ton (delivery, ticket, goods receipt to the textile mill, cash payment, the same below), the 4128 level is 12000 yuan / ton, 3 level.

The quoted price is 12200 yuan / ton, the account period is 2 months, the cash settlement quotation is 12000 yuan / ton.

Cotton enterprises reflect that although the price is stable, the turnover is relatively small. In addition to a small number of roller mills, the sawtooth cotton has no price.

One of the main reasons is the low price impact of Xinjiang cotton, and the two is that low price processing enterprises are reluctant to sell.