According to statistics, as of October 12, the cumulative processing volume of lint cotton in Xinjiang in 2021/22 has reached 384,400 tons, and the cumulative number of public inspections is 121,300 tons, of which Kashgar, Shihezi, Ili and other places are processed, warehousing, and public The inspection volume is relatively concentrated.
A ginning factory in Bachu stated that in mid-October, the harvest progress of hand-picked cotton in the Kashgar area exceeded 40%, and the horse value and color grade generally declined in the mid-term. Characteristics of elevated impurities. Judging from the survey, organically picked cotton is being sold in Kashgar, Aksu and other places in southern Xinjiang. The purchasing price of 39-40% of the machine-picked cotton is concentrated at 10.2-10.4 yuan/kg, and the selling price of 41-42% of the machine-picked cotton is generally The price is 11.2-11.4 yuan/kg (some ginneries with orders and tight delivery times rush to collect prices exceeding 11.5 yuan/kg).
Some cotton processing enterprises in Xinjiang said that the shipping prices of cotton seeds and cotton by-products have continued to rise since October (the price of hand-picked cotton seeds in Aksu, Kashgar and other places has exceeded 3.6 yuan/ kg), diluting the excessive cost of lint. As the market price of Zheng cotton CF2201 contract fell from a high of 22,200 yuan/ton to break the 21,500 yuan/ton mark, the inversion between Xinjiang’s new cotton costs and futures continued to expand. This week, the daily sales volume of reserved cotton has increased to 25,000 tons, and the average daily transaction price is 18,200-18,400 yuan/ton. Cotton-using companies are actively bidding. The enthusiasm of cotton companies for acquisitions has slowed down significantly, and the acquisition market is showing signs of cooling. With the current correction of cotton futures and ginners taking the initiative to adjust the purchase price of seed cotton, cotton farmers’ reluctance to sell continues to heat up, and seed cotton sales in some cotton areas are relatively deserted.
Industry analysis shows that as the country continues to increase cotton regulation and power restriction measures, the impact on cotton consumption in some provinces is transmitted upstream, adding to the negative effects of the closing of orders for the “Double Festival” in Europe and the United States in 2021. Affected by the impact, Zheng Cotton is facing greater correction pressure, so the purchase price of seed cotton is inevitable to peak and fall. It is recommended that cotton farmers sell quickly and withdraw cash. </p
