Xinjiang: Cotton Market Is Gradually Warming, Lint Demand Rising

Recently,

As the market continues to warm up, the demand for lint cotton with a length of 28mm and above and 27-28CN of breaking strength is increasing.

Cotton enterprises in Akesu, Korla and other places in Xinjiang reflect that in the past week, cotton traders and cotton textile mills have been increasing their prices in inquiries, visits to the mainland and Xinjiang regulatory warehouses, especially cotton trade enterprises and middlemen.

On the one hand, they are inadequate or unwilling to send procurement personnel to Xinjiang.

More willing to buy lint through cotton traders, providing short-term financing or cash on delivery is more common, while traders generally earn 50-100 yuan / ton; on the other hand, as ICE cotton rebounds and stands 58 cents / pounds, Zheng Mian main force together, "downstream", the downstream cotton mill has a growing demand for lint length of 28mm and above, breaking ratio 27-28CN, and basically no inventory middlemen choose to enter the market for purchase, and a small amount of stock.

It is understood that Jiangsu, Shandong, Henan, Hubei and other places in the southern part of the regulatory database 2128C2, 2129C2, 3128C2 class (horse value less than 5.2, but strong 27CN-28CN) hand picked cotton weight 11800-12000 yuan / ton gross inspection, and "double 28", "double 29" and the horse value below 5 hand picked cotton price 12100-12300 yuan / ton, cotton enterprises, traders further reported the surge of enthusiasm.

A textile manufacturer in Henan said that the biggest problem of spinning and distributing cotton is that the breaking strength of Xinjiang cotton is low. The proportion of 28CN and below is too high. Although some cotton ginning plants of Korla and Akesu are 2128B2 and 2129B2 grade, the fracture strength is only 27-27.8CN, which is not consistent with the requirements of spinning 40S and cotton yarn. It is a pity to spin cotton yarn below 32S and below. The supply of "double 28" and "double 29" cotton is becoming scarce. Buyers and sellers are waiting.

The stalemate is hard to break in the short term.