From October 8th to 29th, the first phase of reserve cotton release has temporarily come to an end. The effect of market regulation is obvious. After a short-term sharp rise, the price of Zheng cotton A callback and shock trend began. In early October, the price of seed cotton in Xinjiang rose rapidly, the cost of lint processing continued to rise, and the atmosphere of market speculation became stronger. Cotton prices were like a wild horse running wild. However, the release of cotton reserves in time stopped the unreasonable rise in cotton prices, cooled down the market speculation, and effectively regulated it. The price order has been established, and the effect of regulation has been remarkable.
The transaction rate of reserved cotton this month showed a trend of first high and then low. The reason is that the quantity of real estate cotton increased and the quantity of Xinjiang cotton decreased. The spinnability of reserved Xinjiang cotton was higher than that of real estate cotton. Favored by textile companies, almost 100% of Xinjiang cotton was sold in October, while the transaction rate of real estate cotton was less than 50%. At present, the price advantage of reserve cotton is obvious compared with new cotton, and enterprises use its spinning to make high profits. In October, the power restriction policy was sometimes tightened and sometimes loosened, which had a certain impact on cotton consumption, but the impact on the entire industry chain was relatively limited. According to customs export data in September, the foreign cotton spinning industry is gradually recovering, and orders are showing signs of reflow, which has inhibited consumption growth. The short-term cotton market continues to maintain a volatile trend.
Round out data from October 8th to October 29th
China Cotton Reserve Management Co., Ltd. The company has a total of 436,300 tons of cotton reserves listed, and a total of 246,600 tons of cotton have been traded, with a transaction rate of 57%. Among them, a total of 124,400 tons of Xinjiang cotton were listed, with a total transaction volume of 123,200 tons, and a transaction rate of 99%; a total of 312,000 tons of real estate cotton were listed, with a total transaction volume of 123,500 tons, and a transaction rate of 40%.
From October 8th to October 29th, the average transaction price of reserve cotton was 18,749 yuan/ton, discounted to the standard grade (3128) price of 20,512 yuan/ton, with an average markup of 1,025 yuan/ton, the highest transaction price is 23,130 yuan/ton, the lowest price is 16,010 yuan/ton; among which, the average transaction price of Xinjiang cotton is 19,446 yuan/ton, with an average price increase of 1,544 yuan/ton; the average transaction price of real estate cotton is 18,054 yuan/ton, with an average price increase of 933 Yuan / ton.
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