Xinjiang Cotton Spot Quotation Difference Big Deal Touches Bottom

According to the survey, by last week's Zheng cotton CF1909 contract price break 12500 yuan / ton (lowest point 12075 yuan / ton) influence, in recent days, Xinjiang and Xinjiang 2018/19 Xinjiang cotton quotes continued "diving" in recent days, compared with the late July, the price has been reduced by 600-700 yuan / ton (CF1909 fell more than 1100 yuan / ton), and the loss of the ginning factory or traders in the uncovered or failed insurance business failed to expand.

Some cotton enterprises in Kuitun, Shihezi and Akesu in southern Xinjiang indicated that the spot price quotations of Xinjiang cotton became more and more confusing since August. The cotton price difference between the same quality regulation and the price of the cotton was even more than 400-500 yuan / ton, and the cotton mill and cotton traders were divided into eight or nine months. Taking into account the need to achieve double knot zero at the end of August, the expected decline in trade consultation between China and the United States in September and the impact of the new year's cotton listing, some of the ginning plants in the territory have increased their turnover and clearance operations, which may play a role in boosting the downward trend of cotton prices.

On the 10-12 th of August, Jiangsu, Shandong, Henan and other "double 28" Southern Xinjiang hand picked cotton and public delivery quotes were 13200-13350 yuan / ton, and the "double 29" Southern Xinjiang hand picked cotton price was 13450-13600 yuan / ton. Northern Xinjiang's "double 29" machine pick up cotton for public cargo quote price of 13250-13400 yuan / ton, North Xinjiang cotton picking inside and outside the bank price points are basically the same. Several Cotton Traders reflect that the sharp decline in the price of the base offer stimulated more than a week of Xinjiang cotton enquiry and turnover showing a rebound trend, mainly in the replenishment of the cotton textile factories in the mainland, hoping that the trend of "price reduction" will continue until mid September.