According to feedback from some cotton enterprises inside and outside Xinjiang, the current long-staple cotton in the Aksu supervision warehouse is 3137 (breaking specific strength 41-42CN/TEX, containing 7%-8%), 4138 (breaking specific strength 42-43CN/TEX, containing 7%-8%). %) by weight, the quotations are around 48,300-48,800 yuan/ton; while inland warehouse Xinjiang long-staple cotton 3137 (breaking specific strength 41-42CN/TEX, containing impurities 4%-5%), 3137 (breaking specific strength 42-43CN /TEX, including impurities 2%-3%), the quoted prices are as high as 52,000-53,000 yuan/ton and 56,000-56,500 yuan/ton, both of which are slightly higher than the quotations in late February.
A cotton company in Jiangsu said that on the one hand, due to the large gap in the impurity content of Xinjiang long-staple cotton in 2021/22 (from 1.5% to 8.5%), the price difference is also wide. The price difference between the same 3137 quotations is 3000-4000 yuan/ tons; on the other hand, the price difference between warehouses inside and outside Xinjiang is generally more than 1,000 yuan/ton.
Judging from the survey, although the quotations of Xinjiang’s long-staple cotton have been rising since mid-to-late February, market inquiries and trading volumes have continued to be sluggish, and even high-priced resources have become unavailable. Large and medium-sized textile companies are experiencing difficulties in receiving orders and continued compression of profits. Under the premise, the replenishment and inventory control of long-staple cotton are relatively strict, and risk-taking measures such as purchase orders, lowering the grade of cotton distribution, reducing the accumulation of high-count combed yarn, and increasing the production of blended yarn have already been launched.
Although the transactions are sparse or even deserted, long-staple cotton ginners and traders in Xinjiang are still very motivated to support prices. They have no plans to reduce prices or sell goods in the short term, but 4137, 4136, 3135/3136 and high impurity content The number of resources on the market and quotations have increased, and the idea of ”removing the rough and leaving the essence” dominates. A processing company in Avati stated that not only the production/export volume of U.S. Pima cotton showed a sharp decline in 2021/22, but also the quotations of Pima cotton, Jiza cotton and other products after customs clearance were still significantly higher than those of domestic long-staple cotton (currently in Qingdao Hong Kong American Pima cotton 21-2 48/50 Qiang Qiang 40/44 GPT net weight quotation is 58,000-58,500 yuan/ton); in addition, financial institutions such as the Agricultural Development Bank of China have taken measures such as adjusting the loan repayment period and delaying loan repayment, which has effectively eased corporate funds Pressure, so the mentality of holding stocks and betting on the market has not changed compared with January.
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