New cotton is about to be harvested and put on the market soon, and information from Xinjiang’s new cotton testing market and price has also been pouring in. In early September, Nanjiang Bachu purchased hand-picked cotton at a price of 9.5 yuan/kg. Hand-picked cotton clothing in Maigaiti County accounts for 42%, and the purchase price of seed cotton is 8.8 yuan/kg. Faced with the current sporadic seed cotton purchase prices, cotton farmers’ psychological expectations have increased, and they are still confident in the trend of harvesting at high prices.
In fact, estimates of high new cotton purchase prices this year have already been circulated in the market. This is because cotton yarn and cotton cloth have better market sales price support and strong cotton textiles. The domestic demand market continues to improve and other factors are positive. In addition, every year when new cotton comes on the market, textile companies will consider organizing fresh supplies to reserve cotton and other old cotton. When market conditions are relatively loose, the purchase volume of new cotton will increase.
Looking at the future and spot price trends of the current cotton market, although prices have experienced ups and downs, the general trend is at a high level for the same period in the past. Recently, the price of 3128B spinning cotton has been quoted at 18,200-18,400 yuan. / ton, the unprecedented transparency of transaction information also indicates that seed cotton will open higher in the new year.
Of course, my country’s cotton resources are mostly concentrated in Xinjiang, and the Xinjiang cotton market will not have much impact on the mainland cotton market, which accounts for about 20% of the country’s total cotton resources. The reason is that cotton resources in other traditional cotton areas across the country have been declining year after year. Although they account for about 20% of the total, most of them are grown sporadically by individual households. Up to now, mainland cotton farmers are naturally concerned about the purchase price of new cotton, and they know that it will definitely be higher than the previous year, but the specific price implementation is still awaited. Cotton in the mainland matures later than in Xinjiang, and there is basically no machine harvesting. The picking and sales will gradually start from south to north from the end of September to early to mid-October. </p
