From October 8th to 15th, the purchase price of Xinjiang seed cotton continued to rise. The highest price has exceeded 11 yuan/kg, and the equivalent cost of lint cotton is more than 25,000 yuan/ton. Driven by the spot price, the main contract of Zheng cotton has increased during the festival. It was closed at the daily limit on the first day of trading, and then maintained a volatile upward trend, hitting new stage highs continuously. The price difference between futures and current prices continued to shrink, from the highest level of 4,000 yuan/ton to about 2,000 yuan/ton.
In order to ensure supply and stabilize the market, after the end of the reserve cotton rotation at the end of September, relevant national departments continued to postpone the release to increase market supply. According to the requirements of relevant national departments and the 2021 central reserve cotton sales floor price calculation formula, from October 9th to 15th, the reserve cotton sales floor price is 19,124 yuan/ton (equivalent to standard grade 3128B), which is significantly lower than the market spot price and futures The price and performance-to-price ratio are outstanding, and downstream textile companies actively participate in the bidding, effectively reducing production costs. At present, the downstream is affected by the power restriction policy, coupled with the sharp rise in cotton prices, companies are purchasing cautiously to reduce inventory risks, and new cotton transactions are relatively deserted.
Current week: October 8-15 data rollout
China’s cotton reserve management The company has a total of 140,900 tons of cotton reserves listed, and a total of 126,000 tons of cotton have been traded, with a transaction rate of 89%. Among them, a total of 62,100 tons of Xinjiang cotton were listed, with a total transaction volume of 60,800 tons, and a transaction rate of 98%; a total of 78,900 tons of real estate cotton were listed, with a total transaction volume of 65,200 tons, and a transaction rate of 83%.
From October 8th to 15th, the average transaction price of reserve cotton was 18,614 yuan/ton, discounted to the standard grade (3128) price of 20,365 yuan/ton; the average price increase was 1,382 yuan/ton tons; the highest transaction price was 23,130 yuan/ton, and the lowest price was 16,010 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 19,380 yuan/ton, with an average price increase of 2,070 yuan/ton; the average transaction price of real estate cotton is 17,898 yuan/ton, with an average price increase of 1,546 yuan/ton.
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