Xinjiang Cotton Quotation Declined 200 Yuan / Ton Warehouse Receipt Cotton Concern

From the ginning factory, traders, textile enterprises feedback, with the Zheng cotton CF1909 contract price straight break 15500 yuan / ton integer pass (nearly 15000 contracts / contract support point in recent months), the confidence of the cotton enterprises began to shake, reluctant to sell, the price seems to be inadequate.

Since May, the spot quotation of Xinjiang cotton has been reduced by more than 200 yuan / ton in 2018/19, and traders' "base purchase" and "spot price sale" have come back.

At present, traders' arbitrage operations are increasing (selling spot and closing positions simultaneously), and the price adjustment has changed greatly, so that the unsecured cotton processing enterprises are very passive.

The storage of cotton wheels has attracted the attention of the traders. Not only has 100% traded, but also the reserve price of Xinjiang cotton has reached 15650 yuan / ton.

Taking into account the pressure from the auction of cotton reserves and the pressure to repay loans in May, and the expected 800 thousand tons of quasi tariff import quotas in June, some of the ginning mills are going to reduce their shipments.

On the 6-7 day of May, the three regulatory libraries in Bachu, Korla and Akesu in southern Xinjiang were "double 28" hand picked cotton (including 3129/2129 grade, fracture strength 28-29cN/tex), the public cargo pick-up price was 15750-15850 yuan / ton, the breaking strength ratio was 27-28 cN/tex, the 3128/3129 class pick-up and cotton pick-up price was 15500-15600 yuan / ton, and the 3128/3129 grade hand picked cotton pick-up price was 15200-15400 yuan / ton with a breaking strength of 26-27 cN/tex.

North Xinjiang regulatory library "double 29" machine picking cotton (impurity 2.4%-3%) public offer 15700-15800 yuan / ton.

The cotton trade enterprises in Shandong, Henan, Jiangsu and other places indicated that because of the current "upside down" of nearly 800 yuan / ton, plus the high spinnability reserve, Xinjiang cotton has been competing fiercely every day, the futures warehouse receipt with high cost performance has become an important option for some spinning high yarn Enterprises, especially the new warehouse warehouse receipts in the inland delivery warehouse and the forecast outflow acceleration.