Xinjiang Cotton Quotation Is Lower Than 900 Yuan / Ton In Early July, Transportation Is Still Difficult.

According to the inner part of ginning mill and traders, some of the small and medium-sized cotton textile enterprises in the mainland have supported the phased replenishment. In recent days, "point price" resource inquiry, transaction and shipment have been significantly warmer than last week. On July 11-12, the "double 29" cotton picking machine in the northern Xinjiang regulatory warehouse and the quotations for the "double 28" machine picking cotton were respectively 13950-14050 yuan / ton, 13650-13800 yuan / ton, and the listed resources were scarce. "Double 30" machine picked cotton price was 14150-14300 yuan / ton, and the "double 28" hand picked cotton base price quoted in the southern Xinjiang library also reduced to 14000-14150 yuan / ton. As a whole, the price of Xinjiang cotton sold in Xinjiang and Xinjiang was substantially reduced by 800-900 yuan / ton (CF1909 contract over 1500 yuan / ton) in early July, and cotton enterprises' confidence and market sentiment continued to be under pressure, but textile enterprises and middleman purchases remained unhurried.

According to the cotton Logistics Association of China Cotton Association, as of the end of June, the total inventory of cotton turnover in China was about 2 million 917 thousand and 400 tons, down 240 thousand and 400 tons from the previous month, higher than the 1 million 56 thousand and 400 tons in the same period last year, of which 43 warehouse warehousing turnover in Xinjiang area was 2 million 162 thousand tons, an increase of 1 million 63 thousand tons compared with the same period last year. This indicates that the problem of Xinjiang cotton sales and transportation in Xinjiang has not been weakened but more and more serious compared with that in June of 2019/20. Some traders said that the sales of Xinjiang cotton in the hinterland continued to be sluggish. The amount of transportation was high and the occupying time was long. In addition, the cost of loading and unloading, warehousing, insurance and so on in the mainland was obviously higher than that in the territory's regulatory database. Therefore, the phenomenon that the ginning factories and traders refused to move to the library were still outstanding, which directly led to the large amount of deliveries in the futures warehouse, and the spot price of the warehouse receipt was higher than that of the non delivery Bank of 100-150 yuan / ton.