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The weather in the Aksu region is mainly cloudy with temperatures ranging from minus 12 to 2 degrees Celsius. In early December, I learned about the acquisition of seed cotton, lint sales and major storage companies in the processing industry around Aksu.
At present, most local factories purchase seed cotton in a scattered manner, most of which are tail flowers, with low clothing points, low horse value and poor color. Most manufacturers are expected to end the acquisition at the end of this month, and processing is expected to end by the end of January. Most local warehouses will be full, and the speed of new cotton shipments will be significantly slow this year, with an average of 200-300 tons.
The mainstream price of hand picking cotton in Aksu area is 6.10-6.50 yuan/kg (33-37% clothing points), the mainstream price of machine cotton is 5.50-5.80 yuan/kg (32-36% clothing points); the price of cottonseed is 1.47-1.51 yuan/kg. The price is basically stable. The local "double 28" hand pick cotton 15700-15800 yuan / ton (gross weight), "double 29" hand pick cotton 15800-16100 yuan / ton (gross weight), the price is basically stable; "double 28" machine cotton mining 15200-15500 yuan / ton (gross weight), "double 29" machine cotton 15500-15700 yuan / ton (gross weight), the price is stable and slightly lower.
In the frequent communication with mainland traders and mills, it is learned that the current downstream textile market is sluggish, the stock of yarns and fabrics is high, and the purchase of new cotton is not considered at present. It is preferred to purchase 17-year warehouse cotton with price advantage or Reserve cotton.
By analyzing the current cotton market:
The overall situation remained deserted. In early December, the spot price was still relatively cold, and the purchase and sales were less. At the same time, the performance of the futures market did not improve substantially, which affected the purchasing sentiment.
The poor quality of the special treatment, but the good "flower" is strong. Individually-stricken processing companies sell low-quality, low-horse, high-heavy machine-cut cotton at low prices, but the price of better-quality cotton is still firm and reluctant to sell, and the expected psychological price will not be considered for sale.
After the Spring Festival, the market is more expectant. At present, most of the processing plant owners are waiting for the market after the Spring Festival next year. They believe that according to the characteristics of the annual market changes in recent years, there will be a rising market after the Spring Festival, and cotton of better quality can continue to hold.
Both sides may continue to play the game. The current buyer demand has gradually affected the key factors of the market. However, given the seller's support for processing costs, if the market has no obvious hot-spot policies before the Spring Festival, the two sides will continue to conduct psychological games.
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