Cotton Processing In Xinjiang Is Coming To An End.

According to the survey, in early January, there were more and more cotton ginning enterprises in Korla and Akesu. Most of the seed cotton was stopped in late December, and the sale of lint and cotton by-products was also coming to an end. Some of the mainland's purchasing and processing personnel have started to return. Xinjiang's cotton purchase and processing major drama has come to an end.

Some cotton enterprises in southern Xinjiang reflect that although the price of the CF2005 contract has exceeded 14000 yuan / ton recently, traders and textile mills are very passive about inquiries and purchases, and some hand picked cotton ginning plants rarely have their products shipped. At present, buyers in Henan, Shandong, Jiangsu and Zhejiang have returned, and spot spot trading is stagnating before the Spring Festival. The processing channels for the processing enterprises in January are only left over for storage and hedging.

Despite the fact that the cotton spot market in the territory is cold, cotton processing enterprises and traders still have a heavy price and are reluctant to sell. On January 5-6, the "double 28" (21 or 31 level) hand picked cotton price quotations were generally at 13500-13800 yuan / ton, "double 29" (31 or 41 grade), and the average price of the machine picked cotton was 13600-13800 yuan / ton, and the price concession space was only 50-100 yuan / ton. Some of the enterprises believe that although the central bank released a large amount of capital liquidity and Sino US trade negotiations at the beginning of 2020, it is necessary to guard against the "black swan" incident such as the intensification of the US Iraq confrontation and the lack of global economic growth.