In the past week, the CF2109 contract price has continued to consolidate within the 15,000-15,500 yuan/ton compartment. The national cotton planting area in 2021 is basically stable, and there is a lack of speculation themes. In addition, the external market news remains “neutral”, and both long and short parties are short-lived. In a weak equilibrium state. Judging from the survey, the fluctuation range of Zheng Cotton’s main contract has narrowed significantly, the price-setting sales activity of cotton processing enterprises and traders has dropped significantly compared with March, the “fixed price” sales resources of warehouse points in and outside Xinjiang have significantly reduced, and cotton has returned to the basic level. The “old road” of poor quotation comes up.
A medium-sized cotton trading company in Henan stated that since early April, the spot sales basis of medium and high-quality Xinjiang cotton has remained stable, while the basis for low-grade Xinjiang cotton has been 50 The decrease of -100 yuan/ton is mainly for old customers, large orders and cash spot transactions.
On April 20-21, the quotation of “Double 28” machine-picked cotton in Jiangsu, Shandong, Henan and other mainland warehouses is 15550-15750 yuan/ton (due to warehouse, quality Indicators and impurities are different or slightly different), the weight quotations of “Double 28” machine-picked cotton in supervision warehouses in Aksu, Korla and other Xinjiang are concentrated at 15,300-15,500 yuan/ton, and the price difference between the quotations of the same grade of cotton inside and outside Xinjiang has narrowed to 250-350 Yuan/ton, down 150-300 Yuan/ton from February. On the one hand, Xinjiang cotton shipments grew explosively from February to April, and Xinjiang cotton resources in mainland China were well supplied. On the other hand, with the decline in railway freight rates in April, the correction of oil prices and the further relaxation of epidemic prevention and control, road transportation prices also continued to decline.
According to feedback from some cotton enterprises and traders in Xinjiang, cotton spinning mills and middlemen are still not active in inquiry and procurement, and the principle of buying as they are used continues to be used for raw material replenishment. , which not only reduces the inventory of finished products such as cotton yarn and gray cloth as much as possible, but also does not expand the storage of raw materials such as cotton and polyester staple fiber. A 50,000-spindle yarn factory in Jiangsu said that the central bank’s loan market quotation rate remained unchanged in April (it has remained unchanged for 12 consecutive months), sending a neutral and stable signal, and the monetary policy was adjusted from loose to “moderately tight.” At present, credit difficulties for small, medium and micro enterprises such as textiles and clothing have increased, and capital flow pressure has increased. They can only increase gauze sales and pay close attention to payment collection, while reducing the cash flow occupied by raw materials and finished products to ensure the normal operation of enterprises. </p
