According to feedback from some cotton trading companies in Shandong, Jiangsu and other places, the market price of Zheng cotton CF2201 contract began to rebound from 17,105 yuan/ton in early September, and once again exceeded the 17,700 yuan/ton round mark. Cotton spot basis sales, pending order prices The atmosphere gradually became deserted, with only scattered transactions of Xinjiang cotton in mainland warehouses at a “fixed price”. Overall, the current situation between buyers and sellers is the same as that of Zheng Mian. They are in a stalemate for a short period of time, showing a trend of “tops at the top and bottoms at the bottom”.
From the survey, from September 6th to 7th, “Double 28” Xinjiang machine-picked cotton (including 3129 grade, strong 28cN/tex) in Henan, Shandong and other inland warehouses The heavy quotations are concentrated at 18,200-18,500 yuan/ton (due to different specific indicators, different warehouses or some differences), while the public weight quotations of “Double 28” cotton in various regulatory warehouses in Xinjiang have also risen to 18,000-18,500 yuan/ton (trade The price difference between suppliers is relatively large).
A cotton enterprise in Henan said that there are two reasons for the price of cotton in Xinjiang to move closer to the inland bank: First, since late August, a few ginners in southern Xinjiang have tried to harvest seed cotton prices. Falsely high, the cost of lint exceeds 18,500 yuan/ton, and processing companies and traders have a strong atmosphere of raising prices; secondly, except for Zheng cotton warehouse receipts, there are not many high-quality and high-index commercial cotton in Xinjiang’s warehouses.
Several small and medium-sized cotton spinning mills said that in mid-to-late August, the main contract of Zheng cotton fluctuated from 18,505 yuan/ton to 17,105 yuan/ton, and downstream companies mainly purchased at point prices, etc. Through methods such as replenishing the warehouse (including receiving warehouse receipts), and participating in operations such as the rotation and auction of reserve cotton, the raw materials will be relatively sufficient before a large amount of new cotton is launched in 2021/22, and there are no longer plans to concentrate on replenishing the warehouse.
A 60,000-spindle yarn factory in Dezhou, Shandong Province reported that due to the high price quotations of high-quality US cotton and Brazilian cotton in customs clearance by port traders, which are more prominent than those of Xinjiang cotton, cotton imports within the 1% tariff The quota is very small, so the company will focus on participating in reserve cotton auctions to meet the cotton allocation needs for orders of 40S and below. </p
