Judging from the quotations from various regulatory warehouses in Xinjiang in recent days, the price difference between new cotton and old cotton has gradually narrowed, but it still takes time and space to integrate, and cotton textile mills are resistant to high-priced new cotton. Due to the large gap in acquisition costs among cotton processing enterprises, there are large differences in the direction of the domestic cotton market from October to November. Therefore, lint quotations are relatively confusing, and the price difference can even reach more than 1,000 yuan/ton.
On October 12, the quotations for the 2021/22 “Double 29” machine-picked cotton in Northern Xinjiang were concentrated at 22,500-23,500 yuan/ton (including 3129 strong 30cN/tex) , some companies quoted a “fixed price” of 24,000-24,500 yuan/ton, while the quotation for “Double 28” machine-picked Chen cotton in 2020/21 was 22,200-22,500 yuan/ton.
It is understood that the company’s new cotton quotation in 2021/22 is based on the comprehensive cost of lint cotton (including processing, short-term transfer, supervision warehouse “lump fee” and financial costs of about 2 months) , and refer to the disk price of Zhengmian CF2201 contract. Judging from the public inspection results of some cotton enterprises in northern Xinjiang, the fiber length, breaking strength and other indicators of machine-picked cotton in 2021/22 are relatively ideal (the proportion of “double 29” and above has increased significantly compared with the previous year), but impurities The problems of high content (generally reaching 2.5% or even more than 3.0%) and high horse value (4.8 and above) are still prominent. Some cotton textile enterprises above designated size are not willing to make short-term inquiries and purchases. This is mainly because some cotton traders and futures companies are tentatively purchasing high-quality, high-rise water lint cotton. Southern Xinjiang grade 21, containing 1.5% and below impurities. The transaction price of cotton wool remained at 23,800-24,500 yuan/ton. </p
