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By the end of September, the new cotton market, after the National Day holiday Xinjiang new cotton began to reach the mainland. From the understanding of the situation, a month, the new cotton sales situation is not optimistic, the overall cold. I believe that the four factors led to the cold sales of new cotton.
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Textile enterprises inventory, procurement needs less. September reserve cotton round open textile enterprises special, large and medium-sized textile enterprises are mostly enough inventory, basic in 1-2 months, part of the 3 months, the recent procurement needs less. But the supply is sufficient, as of October 24, the national total of 1.39 million tons, Xinjiang 1.37 million tons, of which 500,000 tons Corps, local 870,000 tons, 97 million tons of public goods, Xinjiang 96 million tons, 10,000 tons, consider The mainland is not public inspection and small machine processing resources, the new cotton market supply of more than 1 million tons, plus trade enterprises stock 20-30 tons of reserve cotton, according to 600,000 tons of cotton projections, the actual purchase demand in October is not Will be more than 200,000 tons, in the case of adequate supply of oversupply situation, not only the new cotton, stock of cotton sales as cold, the price showed Yindie state.
Compared with the reserve cotton, the new cotton price is high. Seed cotton purchase price is high, low price of cottonseed, so that this year's lint cost relative to last year, coupled with higher freight costs, this year's new cotton sales offer generally higher than last year, Xinjiang offer price of 15800-16300 yuan / ton, Cotton higher than 300-500 yuan / ton, although the color level is better than the reserve cotton, but in the cotton yarn production profit situation, the new cotton and reserve cotton competition in the price disadvantage.
Quality defective. New cotton and cotton are generally high, most of the 5.0 or so. The southern side of the cotton mining in addition to the high value of the horse, there are still strong low problem, 26-27cN / tex have a larger proportion of 28cN / tex above accounted for less, northern "double 28", the value of 4.5 below the sale of resources Relatively good.
Futures prices low sales of single warehouse difficult Futures disk prices are low, and the spot has been in a state of premium, some hope in the Xinjiang warehouse directly registered warehouse receipts of the enterprise, the good hope has not been the opportunity to achieve, only the spot sales, resulting in more popular spot sales channel.
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