Supervision Within The Territory Is Very Serious.

2019/8/3 12:54:00 0

As the 2 day Zheng cotton contract fell sharply (opening limit hit the limit, the market was opened long) and the lack of cotton textile enterprises, intermediaries powerful offer, 2018/19 cotton spot basis sales quotes, "one price" joint reduction. With the expansion of the deficit area, the new cotton market listing in 2019/20 is put on the agenda, and the supervision of the cotton trade is serious. Some of the ginning factories and traders in the territory are warming up, which is less than the market price of 200-300 yuan / ton.

In August 2nd, the "double 29" hand picked cotton weight was quoted at 13750-13850 yuan / ton in South Xinjiang, and the "double 28" hand picked cotton weight was quoted at 13550-13650 yuan / ton; the northern Xinjiang "double 29" machine picked cotton weight for 13600-13700 yuan / ton (above quoted price, and the seller assumed the cost of unloading the automobile), which was reduced by 300-350 yuan / ton compared with the end of July.

Judging from the survey, despite the sharp fall in quotations of Xinjiang cotton, traders are rushing to "reduce base" sales, but cotton textile mills and middlemen in the mainland are still cautious in purchasing, with little actual turnover. Some cotton enterprises in Bachu, Akesu and other places indicated that buyers are very empty at the moment. Even if the price is reduced by 200-300 yuan per ton, the cotton enterprises will not buy the bill. The "false number is too many, and the real number is small." therefore, when the fluctuation of zhengmian disk is relatively large, most cotton picking mills choose not to offer or offer less.

Since September 1st, the US side has not yet digested the effect of adding 10% tariffs to the remaining 300 billion US dollars. Besides, the production and marketing situation of downstream foreign trade, clothing, weaving and cotton textile enterprises continues to deteriorate and the pressure of cash flow rises.