In late November, seed cotton harvesting in northern Xinjiang has basically ended. In most cotton areas in southern Xinjiang, harvesting is expected to be completed by the end of November. Among them, harvesting in the Kashgar cotton area has been delayed due to factors such as epidemic control and insufficient cotton picking machines. With the seed cotton acquisition progress exceeding 80%, the annual Xinjiang cotton picking and sales event is gradually coming to an end.
Some processing enterprises in Xinjiang have reported that the current slow progress in applying for warehousing, public inspection, and loading of lint cotton has obviously affected cotton sales in 2022/23 (there are no public inspection indicators, and it is difficult for traders to effectively carry out basis procurement). The downstream supply only has water. The “blind box” sales model of lint with miscellaneous indicators is not widely accepted, and solving the bottleneck of slow public inspection progress has become a top priority. According to statistics, as of November 24, 2022, a total of 863,700 tons of lint cotton had been inspected by public inspections in Xinjiang in 2022/23, a decrease of 1.8741 million tons compared with the same period last year, a year-on-year decrease of 68.45%; a total of 2.2621 million tons of lint cotton had been processed in Xinjiang, some of which The ginner lint has to be temporarily stored in the factory premises.
What are the characteristics of cotton sales in Xinjiang in 2022/23? The industry summarizes the following points: First, the current price difference between lint cotton in Xinjiang and inside Xinjiang is still about 1,100 yuan/ton. Although it is 100-200 yuan/ton lower than that in early and mid-November, it is still at a high level in recent years; second, the quality in the supervision warehouses in Xinjiang is the same The price difference between machine-picked cotton and hand-picked cotton in 2022/23 is only 200-400 yuan/ton (a sharp decline from the previous two years), but the difference in seed cotton purchase price between the two is 0.80-1.0 yuan/kg. Hand-picked cotton The price/performance ratio has been significantly improved; thirdly, judging from the basis purchase quotations of traders and futures companies, the basis difference has been lowered to a larger extent than in previous years, which may weaken the enthusiasm of cotton processing enterprises for shipments before the Spring Festival; fourthly, the cotton-separating area machines in Xinjiang Picked cotton has a high impurity content (generally more than 3.5%), making it more difficult to sell in the short term; fifth, the generation of new cotton warehouse receipts is seriously delayed.
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