Cotton Enterprises Passively Wait And See Price Cuts Are Not Enthusiastic.

According to the survey, the mainland textile mills and traders have slowed down the inquiry purchase of Xinjiang cotton in 2018/19. In May 5th, the cotton curtain was opened and the spot sales pressure of Xinjiang cotton increased.

But in addition to some of the May loan repayment pressures, or the cotton enterprises with "arbitrage" made by the insurance companies, there is a tentative reduction in the price of lint Quotations (flat air, single sale, spot sale). Most cotton ginning plants "double 28/ double 29/ double 30" and other high quality cotton (including length 29mm, fracture strength 27cN/dtex and above resources) offer no adjustment or only a nominal reduction of 50-100 yuan / ton.

Low quality, large impurities and poor consistency of lint were generally down to 100-200 yuan / ton.

Korla, Akesu and other places mainly processing hand cotton picking ginning enterprises said that since mid April, Zheng cotton contract in the past month has been reduced by more than 500 points. Traders' "base" purchase quotas also followed a "drop and fall".

The "one price" is obviously higher than the trade purchase price and the acceptance price of textile enterprises, so it is generally felt very passive.

On 27 and 28 April, some manufacturers in the southern part of the Yangtze River were "double 29" (21 grade, with length 29mm, fracture strength 30cN/dtex or above, or 30mm and above, 29cN/dtex of fracture strength). The impurity was less than 1.5% hand picked cotton weight and the delivery price was 16200-16300 yuan / ton (the seller paid for the outgoing goods), while the "double 29" no major grade cotton price was 16100-16200 yuan / ton, the impurities in the southern Xinjiang were higher than 3.5%, and the "double 28" machine picked cotton weight quoted price was only 15500 yuan / ton (including length 29mm, breaking strength 28-29cN/dtex lint), and the price difference was obviously larger than that of 15500 and March.

Taking into account the weak cotton prices, textile enterprises Procurement half stagnation and storage cotton wheels out of the countdown, most of the ginning plants in the territory wait and wait.