Cotton Enterprises Are Waiting For The Country To Store Their Wheels.

Recently, some cotton processing enterprises in Korla, Akesu and other places in southern Xinjiang reflect that in the past 2 years and March, the cotton business operators and middlemen had not entered the market as a reservoir, and there were few purchases in Xinjiang. Even for 2128B, 2129B, 3128B grade high quality hand picked cotton, machine pick-up cotton inquiry and pick-up were not very active.

A cotton and linseed company said that as of mid March, only 1500 tons of machine picked cotton in Northern Xinjiang had been operated this year. At present, more than 300 tons were not sold, and the loss was about 500-600 yuan / ton. After the Spring Festival, no buyers were sent to South Xinjiang. Only the downstream customers put forward the procurement requirements and went to the warehouse or the inland Treasury to find the source of goods.

Including imported cotton.

On the one hand, the support of lending banks has weakened.

Compared with the previous years, it has reduced the proportion of its own capital and the proportion of assets mortgage. On the other hand, the state-owned cotton store has been on the way. The cotton enterprises can solve the problem of cash flow by way of bidding for national storage cotton and then pledge financing. Moreover, once the resources of high-grade cotton and high quality resources are higher than that of cotton spinning mills, the cotton spinning mills can meet the requirements of cotton spinning with 40S or more cotton yarn, so even if the quality of the southern Xinjiang hand picked cotton is very high, it is likely that there will be a "no applause" situation.

Some cotton enterprises in southern Xinjiang think that, on the one hand, the bid price of the "double 28+" Xinjiang cotton has been raised by 11350 yuan per ton in recent years through the national cotton trading market. The calculation level and the quality of the rolling mill have increased and overflowed, which has been converted to gross domestic product. The pick-up price of the warehouse within the territory is about 12000 yuan / ton, and the spot price reduction space has not been very large. On the other hand, the spread of the national cotton storage wheel has spread out, and the market profits have basically come to an end. The Federal Reserve has postponed interest rate hikes, and the global commodities continue to rebound. The high quality and high quality Xinjiang cotton has welcomed the long lost shipping opportunity.

In March 17th, the price of cotton fell into a weak adjustment period. In the southern Xinjiang, the 2128B and 2129B grade lint and the picking strength of 28.5CN were about 12100-12300 yuan / ton, and the 2128C2 and 3128C2 grade lint (strong 28CN and above) were quoted at 11900-12000 yuan / ton.

According to the current cotton price, the losses of ginning plants in Akesu and Bachu are generally over 1000 yuan / ton (cost includes financial expenses). With the increase of cost and selling price, the enthusiasm of cotton enterprises moving to the mainland and selling is reduced.