Xinjiang Cotton Prices Continue To Rebound, Road Transport Decline

According to Akesu, Korla and other cotton processing enterprises reflect, with zhengmian main CF2005 contract price break 13300 yuan / ton integer pass, traders base purchasing, spot price trading was more active than last week. Some ginning plants with relatively ample funds and smaller loan repayment pressure continue to expand the proportion of premium coverage or bid for storage.

On the 8-9 th of December, the "double 29" hand picked cotton price quotations rose to 13400-13600 yuan / ton (21 class), and the "double 28" hand picked cotton weight was quoted at 13050-13200 yuan / ton, and the "double 29" machine picked cotton weight was quoted at 13000-13200 yuan / ton (31 or 41 grade). Some ginning factories in Northern Xinjiang indicated that because 41 and below "double 29/ double 28" did not conform to the standard of the reserve cotton wheel entry, the futures warehouse receipts and the high discount rates were generated. Moreover, traders had little interest in purchasing low grade and large water collecting cotton with low price, so they could only push the spot sale market to a large extent.

From the southern part of the regulatory database to check, since the beginning of December, Xinjiang cotton road transport continued to be weak, especially the horse value of more than 5.2 of the cotton wool transportation significantly cooling down, the mainland cotton textile mill replenishment has not yet effectively started, Chongqing, Zhejiang, Henan and other key transportation prices of the trend of the top down, reserve cotton auction resources are more inclined to railway transportation out of Xinjiang (with the advantages of price, safety, library to the Library). For Cotton Traders and hedging cotton enterprises, the delivery date of CF2005 contracts is still far away. Shipping and generation of warehouse receipts are sufficient (January is about to enter the delivery period), coupled with factors such as temperature drop, short fall and Spring Festival. It is worth noting that since mid November, Henan, Shandong, Jiangsu and other libraries 41 North Xinjiang "double 29/ double 28" arrival volume increased (Shihezi, Changji, Tacheng), the public offer 13300-13400 yuan / ton.