2016/17 New Cotton Warehouse Outflow Mitigation

The sales volume of the new cotton is still around 10 thousand tons per day, but the average price of Xinjiang cotton has dropped by nearly 200 yuan / ton in recent days due to the fall in the price increase of Xinjiang cotton. In addition, since July, the new 2016/17 cotton market has been bigger than before. Therefore, traders generally lowered the price of lint 100-150 yuan / ton, 2129/3129 (fracture strength 26-27CN/TEX), and "double 28" mainland library quotations were 15800-15900 yuan / ton, 16000-16100 yuan / ton (public settlement).

Some agencies believe that at present, all the ginning factories in the territory have made every effort to reform and repair equipment, and cotton growth has also entered a "topping" stage. The seed cotton purchase and processing work has entered countdown in 2017/18 (South Xinjiang usually has seed procurement and sale gradually in late August), because traders and ginning mills feel that sales pressure is getting bigger and bigger, and it is impossible to exclude the possibility of centralized price reduction after early August.

　　 Zheng cotton Although the effective forecast of warehouse receipts is 1943 less than that in early June (about 78 thousand tons), it is still in a high position, and the real market pressure is still over 10%. The growth of cotton growing area is obvious, which not only reduces domestic cotton prices, but also determines the pattern of cotton prices weakening in the new year. The first half of the downstream cotton yarn market was narrowed by the gap between domestic and foreign cotton prices, and the impact of textile exports improved. The overall operation was good. However, the gap between domestic and foreign cotton prices began to widen in June, and it is expected that the supporting role of cotton prices in the second half of the year will be weak.

Pure cotton yarn continued stable and weak trend, pure cotton C32S remained relatively movable, and the flow spinning class was also relatively good, and other specifications were generally traded. Pure polyester yarn has a general atmosphere. Price Smooth adjustment, T45S trading volume is better, other specifications turnover is relatively stable. Affected by the strong price of viscose, the price of cotton yarn has been steadily increased slightly, which is better than that of R10S. Polyester cotton yarn volume generally, prices remain stable. Polyester and viscose yarn 40S/2 trading volume rose slightly, the price is basically stable. At present, the stock of cotton mill has been increasing step by step, most of which have been maintained for 20-25 days or so.

　　 Pure cotton yarn Continue the weak trend, shashaw C32S mainstream price of 23000-23400 yuan / ton, talk about shipping relatively few. The price of polyester cotton yarn has been basically stable. A T65/C3521S factory in Shandong has quoted a price of 16600 yuan / ton and a slight increase in stock. Sheng Zechun's polyester yarn quoted price is partly raised, 32S rose 100 yuan quote 11800 yuan / ton, 45S quoted price 12600 yuan / ton, overall market performance is better.

Some textile enterprises said that in July, the processing period of Xinjiang cotton and Zhengzhou warehouse receipts in 2016/17 has generally been more than half a year. The color grade, breaking strength and moisture regain of lint have changed greatly. But traders and ginning factories still require the settlement according to the original public inspection, which is unfair to the buyers. The sellers are reluctant to apply for the re inspection, plus the Xinzheng cotton warehouse. Most of them are color grade (11, 21 grade) and the horse value is larger (5 and above). Therefore, cotton or long staple cotton should be imported for spinning JC40S or more cotton.

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