Cotton Spot "Easy To Rise, Difficult To Fall" Quotation Of The Mainland Xinjiang Cotton

At present, there are three key points in the domestic cotton market since April. One is the spring sowing in Xinjiang cotton area in 2019; the two is the continuous hot sale of cotton in the middle and low quality ports such as India cotton, Brazil cotton and Mexico; the three is the trend of ICE and Zhengzhou plate, while the market is not too cold for the sales progress, stock and price situation of Brazil Xinjiang and the profit and loss of the cotton mill.

Some local ginning mills and cotton traders said that the spot has been "on the air" side, because although the cotton enterprises continue to raise the price of cotton is higher, but in recent months, if the contract does not break 15500 yuan / ton, 15800 yuan / ton or even 16000 yuan / ton, Xinjiang cotton spot rises somewhat difficult, plus Jiangsu, Zhejiang, Guangdong, Lu Yu and other market cotton yarn production and sales and prices are all down, or in the off-season, so the price of Xinjiang cotton is obviously "more than enough."

And the high cost of Xinjiang cotton, in 2019, there is still no news on the reserve of cotton, and the ICE is about to break 80 cents a pound, and it also gives the cotton enterprise a firm base.

A hand picked cotton ginning factory in Akesu thinks that the current high quality and new price of Xinjiang cotton is difficult to get and fall.

On the 11-12 th of April, Xinjiang cotton quotations in Shandong, Henan and Jiangsu were very rare. On the one hand, most traders moved to the futures delivery warehouse in the 1-3 month and generated warehouse receipts. According to the current monthly and main contract prices, it was more difficult to export. On the other hand, the spot price of cotton in the mainland of Xinjiang was much higher than the 1000 yuan / ton of the India cotton, Brazil cotton and Mexico cotton which had been cleared by the port. Besides a few textile factories with high quality and high-grade Xinjiang cotton replenishment storehouses, most cotton enterprises took the upper hand under the premise of the national cotton control policy, the Sino US trade consultation result was uncertain and the downstream consumer market was weakening.

It is understood that on the 12 day, "double 29A" Xinjiang machine picked cotton (impurity content 2-3%) in Shandong quoted 16000-16150 yuan / ton (public weight); 3129 grade (fracture strength 28-29cN/dtex) pick up the cotton pick up price 15850-15950 yuan / ton; South Xinjiang Akesu 3128/3129 grade (breaking strength 27-28cN/dtex) hand picked cotton weight quoted price of 15750-15900 yuan / ton.