This week (September 13-17), the market is intertwined with long and short factors. The September production demand forecast report released by the US Department of Agriculture raised global cotton production and consumption, but the increase in consumption offset the production. At the end of the global period Inventories continue to decline. Domestic cotton consumption weakened, yarn price transmission encountered resistance, and cotton prices were temporarily under pressure. Weighing has been opened sporadically in Xinjiang, and the opening price is in line with market expectations. In the short term, the price of Zheng cotton has a bottom and a top, maintaining a high range of fluctuations.
This week, the reserve cotton reserve price continued to fall, but the bidding enthusiasm of enterprises remained unchanged, and all transactions were still completed. As the auction enters its final stage, companies seize the last moment to actively bid. Compared with the spot market, reserve cotton still has a strong cost-effective advantage. There are obvious signs that the downstream peak season is not prosperous. The sales of low-count yarns are not as good as those of mid-to-high-end yarn products. However, the use of reserved cotton as cotton can reduce corporate costs and enhance market competitiveness.
This week: Data will be released from September 13th to 17th
China’s cotton reserve management The company has a total of 70,100 tons of cotton reserves listed, including 54,900 tons of Xinjiang cotton and 15,200 tons of real estate cotton.
From September 13th to 17th, the average transaction price of reserve cotton was 16,958 yuan/ton, a decrease of 249 yuan/ton from last week; the discounted price of standard grade (3128) was 18,372 yuan yuan/ton, down 157 yuan/ton; the average price increase was 1,119 yuan/ton, down 343 yuan/ton; the highest transaction price was 18,110 yuan/ton, and the lowest price was 16,280 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 16,981 yuan/ton, with an average price increase of 1,191 yuan/ton; the average transaction price of real estate cotton is 16,874 yuan/ton, with an average price increase of 859 yuan/ton.
Cumulative: Data rounded out from July 5th to September 17th
China’s cotton reserves The Management Co., Ltd. has listed a total of 570,600 tons of cotton reserves, including 393,300 tons of Xinjiang cotton and 177,300 tons of real estate cotton.
From July 5th to September 17th, the average transaction price of reserve cotton was 17,099 yuan/ton, discounted to the standard grade (3128) price of 18,375 yuan/ton, and the highest transaction price 19,700 yuan/ton, the lowest price is 15,950 yuan/ton; the average transaction price of Xinjiang cotton is 17,178 yuan/ton, with an average price increase of 1,908 yuan/ton; the average transaction price of real estate cotton is 16,882 yuan/ton, with an average price increase of 1,495 yuan/ton.
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