It is understood that since late August, a few ginning factories in Aksu Kuqa, Shaya, Xinhe and surrounding areas have been trial-rolling, mainly because some cotton processing companies have received orders for cotton wadding (most of which require shipment before late October) , the ginnery must quickly purchase, process, warehouse, and transport out of Xinjiang quickly, otherwise it will face claims from the purchaser). The purchase price of hand-picked seed cotton has increased from 8.80 yuan/kg to 9.50-9.60 yuan/kg, and then to 10.60 yuan/kg in the past two days. The expectations of cotton farmers for selling seed cotton have been raised again and again. Some large cotton growers in Kashgar, Aksu and other places will sell their seed cotton. The minimum selling price for picked cotton has been raised to more than 10 yuan/kg.
According to the survey, affected by the sharp increase in the purchase price of seed cotton, most of the ginning mills in the Aksu area that had opened scales on September 9 chose to stop harvesting and wait and see, and picked by hand. The selling price of cotton is also in a state of “price but no market”. A factory in Shaya said that on the one hand, there were very few cotton processing companies that received high-price cotton cotton orders in September, and the risk of other companies blindly following the trend and raising prices to grab harvests is too great; on the other hand, based on the current purchase price of seed cotton, the cost of new cotton is different from the market spot. The price is inverted by more than 2,000 yuan/ton, and the price of the CF2201 contract is “inverted” by more than 2,500 yuan/ton. It is impossible to hedge, and the increase is overdrawn in advance. Companies without cotton cotton orders are likely to be “trapped.” </p
