The Price Of Seed Cotton Continues To Fall In The Southern Xinjiang. The Cotton Seed Picking In The North Of Korla Is Basically Over.

As the price of seed cotton fluctuated, some market participants increased their differences. From the end of September to the beginning of October, the market was on the market.

Bearers believe that the recent cotton seed market, the market supply increased suddenly, with the cotton farmers reluctant to sell emotions weakened, cotton supply may be congested.

The other is downstream.

Negative purchasing attitudes and the recent drop in cotton yarn prices also put pressure on the lint market.

Bullish people believe that cotton production has dropped a lot this year. Although most of the textile companies have been shooting cotton reserves before September 30th, many enterprises are already short of raw materials. It is expected that there will be one or two small peaks in the near future, which will bring benefits to cotton prices.

In the near future, the cotton market is intertwined, and the market direction is confused. As the main body of the market, we should be cautious and prudent.

In October 24th,

Korla seed cotton prices continued to decline. On the same day, the purchase price of hand picked cotton at 40% litre was 7.0-7.30 yuan / kg, down 0.10 yuan / kg compared with yesterday, and the mainstream price of 40% garment sorting machine was 6.20-6.30 yuan / kg, or 0.05 yuan / kg.

According to the cotton farmers feedback from Kashi, Akesu and other places in southern Xinjiang, the price of hand picked cotton in the Kashi area of 37-38% linen in recent years is 6.9-7.0 yuan / kg. The price of Shache 36-37% clothes is priced at 7.0-7.2 yuan / kg, with a decrease of 0.10-0.15 yuan / kg.

Coincidentally, the price of seed cotton has also declined in the northern Xinjiang.

On the 24 day, the price of 40% cent hand picked cotton in Bole Prefecture was 6.5-6.7 yuan / kg, and the price of picking 39% cotton in Tacheng area was 6.70-6.8 yuan / kg.

According to cotton farmers, up to now, seed cotton picking in North Xinjiang has basically ended, but sales progress is relatively slow, only about 40%.

Affected by the fall in seed cotton prices, Xinjiang cotton city is a few joys and worries.

On the same day, a person in charge of a package factory in Akesu said that since their scale began in early October, they have been pressing the purchase volume, and now they are right.

The person in charge said that the factory now processing more than 1200 tons of cotton, the average cost of 15900 yuan / ton.

In recent days, as the price of seed cotton has dropped, the cost of lint cotton has dropped to 15100-15200 yuan / tonne. While the cost of lint slipped, the price of lint cotton dropped to about 16000 yuan per ton.

Cotton has finally gained hundreds of dollars in profits.

But part of the early acquisition, processing faster cotton enterprises pressure.

An enterprise has been open to purchase since its opening up market. Since then, the processing of lint is close to 5000 tons, with an average cost of 16000 yuan / ton.

Executives said that if lint prices continued to fall in the near future, they would be in a loss.