According to feedback from several cotton trading companies in Henan, Jiangsu and other places, cotton textile companies have resumed work and production one after another after the holiday. Large and medium-sized textile companies concentrated on starting work from the sixth to the tenth day of the first lunar month, while some small weaving companies postponed the start of work to the tenth day of the first lunar month. Two to fifteen. The contract price of Zheng Cotton CF2205 continues to consolidate in the range of 21,700-22,200 yuan/ton. In addition, the increase in cotton yarn quotations is not smoothly transmitted. In the short term, textile companies mainly purchase small quantities of goods at a “fixed price”, and large-scale and centralized replenishment is expected to occur in 2 After the end of the month.
Judging from the quotations from cotton processing enterprises and traders in Xinjiang, from February 13th to 14th, the quoted price of “Double 28” machine-picked cotton in Xinjiang’s regulated inventory was stable at 23,000-23,150 yuan/ton. The specific quality indicators and warehouses are different. There may be a difference of 50-100 yuan/ton. The seller is responsible for the truck shipping fee within two months. It has not been affected by the pullback of Zheng Cotton’s main contract in the past week. The “Double 28” quotations for Xinjiang machine-picked cotton from inland warehouses in Jiangsu, Shandong, Henan and other places are stable at 23,650-23,800 yuan/ton. The price difference between cotton prices inside and outside Xinjiang is 600-700 yuan/ton, which is on the high side. According to industry analysis, it is mainly affected by factors such as the slowdown in the progress of Xinjiang cotton relocation compared with the same period last year, the continued rise in gasoline and diesel prices, and epidemic prevention and control.
A cotton company in Changzhou, Jiangsu said that since mid-February, Xinjiang cotton sales in 2021/22 have been dominated by “fixed price” (including warehouse points inside and outside Xinjiang), while basis quotations and point price transactions have been somewhat lukewarm. At present, the spot quotation of high-quality machine-picked cotton in the supervision warehouse in Xinjiang has moved closer to the cost of the ginner, and the expectations of enterprises to unwind have increased. Therefore, the operational differentiation of cotton enterprises has become more and more obvious. Some processing enterprises have adopted “hedging”, fixed-price sales, etc. Accelerate cash collection from cotton sales through multiple channels. Another part of the cotton companies continue to be bullish on the market outlook and wait for the price to sell.
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