According to feedback from cotton companies in Henan, Jiangsu and other places, as the Zheng cotton CF2109 contract price continues to consolidate near the 16,000 yuan/ton mark, the base sales price of Xinjiang cotton at warehouses in and outside Xinjiang continues to stabilize, and transactions and shipments are relatively light; The “fixed price” of cotton is low, and the quantity of resources on the shelves continues to decrease, and the quotations of traders and ginners are slightly increased accordingly.
Judging from the survey, domestic cotton spinning enterprises and intermediaries have still been purchasing mainly based on rigid demand since late June, and large-scale and centralized raw material replenishment has been repeated again and again. The three places are postponed. On the one hand, they are waiting for the introduction of the rotation policy and the issuance of 700,000 tons of sliding-duty cotton import quotas. On the other hand, they are waiting for the continuous sampling and distribution of domestic sales orders in the spring and summer of 2022 in July/August.
On June 29-30, the quotation price of Xinjiang cotton machine-picked cotton in the “Double 28” warehouses in Shandong, Henan and other warehouses was 16,400-16,600 yuan/ton (level 31, due to The specific quality indicators are different and the warehouses are different); the “Double 28” machine-picked cotton quotation in Aksu, Korla and other regulatory warehouses in southern Xinjiang is 16,150-16,350 yuan/ton, and the price difference between warehouses inside and outside Xinjiang has further narrowed to 200-300 Yuan/ton; at the end of June, the net weight quotation of M 1-1/8 Brazilian cotton in bonded warehouses such as Qingdao and Zhangjiagang was 14,900-15,100 yuan/ton (the purchaser brought its own 1% tariff quota for customs clearance); customs clearance Brazilian cotton M 1-1/ 8 Because the quantity is relatively small, the quotation has been raised to 16,750-16,900 yuan/ton with the rebound of the main contract of Zheng cotton, which is basically in line with the quotation of “Double 28” Xinjiang cotton in the mainland warehouse, both of which are lower than 31-3/31-4 36 US cotton is priced at 300-400 yuan/ton. Considering that the current 1% tariff cotton import quota is extremely tight and the Brazilian cotton spot clearance at the port is relatively small, the competitiveness of Xinjiang cotton in the mainland is not weak.
According to statistics, as of June 29, Zheng Cotton had 16,734 warehouse receipts (-80) and 1,290 valid forecasts; the number of warehouse receipts was lower than the same period in 2019/20, which was 4,511. The year-on-year decrease in warehouse receipts dropped to 21.23% (significantly lower than the first half of 2021); of which 7,154 were for delivery warehouses in Xinjiang, accounting for 42.75% of the total warehouse receipts, indicating that warehouses in Xinjiang can be delivered, shipped, and The quantity of mid- to high-quality Xinjiang cotton supplied is still relatively large. </p
