Xinjiang: Seed Cotton Prices Rebound, Lint Performance Down

As early as December, cotton seed picking in Xinjiang was all over, and the ginning plants in Akesu and Bachu stopped buying. A ginning factory in Awati said that it currently purchased 15-25 tons of seed cotton every day, and about 70% of them were frost yellow flowers and stiff cotton. At present, cotton growers and cotton growers have not been able to store high quality, low moisture medium flowers and pre harvest peach. The acquisition is mainly aimed at lowering the average price of seed cotton purchase this year and solving the problem of farmers' local sale.

On the 9-10 day of December, the purchase price of seed cotton in Sha ya, Awati, Kuping and West Bridge increased slightly. On the one hand, the acquisition was coming to an end, and some cotton enterprises with strong financial strength, such as West Bridge and Sha ya, took the initiative to raise the purchase price in order to grab a small quantity of high-grade seed cotton. When most factories stopped collecting or reducing their revenues, the purchase amount of a ginning factory of the West Bridge was still over 200 tons per day, and the purchase price of the flower in the middle 40% was 6.00-6.10 yuan / kg.

On the other hand, the purchase price of cottonseed rose by 0.02-0.03 yuan / kg compared with the beginning of December. In addition, on November 27th, 8 days in November 27th, the Zhengzhou CF1501 and CF1503 contracts increased to 13000 yuan / ton, giving cotton growers and ginning mills confidence to support them. Judging from the survey, it is estimated that more than 80% cotton enterprises in Akesu and Korla will end production by the end of December.

At present, the prices of warehouses in the front and the interior of Xinjiang cotton inner frontier station are basically stable, and have not risen sharply with the sharp rebound of Zheng and ICE. Akesu Bachu and other regulatory libraries 3128 and 2128 level gross weight pick up prices were 13600-13700 yuan / ton and 13900-14100 yuan / ton, the actual transaction price fell 100-150 yuan / ton, within the territory of inquiry and Take delivery of goods The enterprises are mainly traders and middlemen, and there are few cotton mills.

In Shandong, Jiangsu, Hebei, Henan and other places, the quotations for gross weight delivery of warehouses 3128 and 2129 were 14500-14600 yuan / ton and 14800-14900 yuan / ton respectively. Northern Xinjiang The price of machine picked cotton (length 29mm) and two grade roller cotton in Shihezi, Kuitun and other places were 14100-14200 yuan / ton and 14500-14600 yuan / ton respectively, showing a strong resilience. Some cotton enterprises believe that although the lint of Shandong and Hebei in the short term of 13000 yuan / ton has great impact on the shipment of Xinjiang cotton, Xinjiang cotton with high quality, "three silk", good consistency and large quantity of supply will not worry about sales in the first half of 2015.

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Textile exports declined, indicating weak external demand. According to the data released by the General Administration of customs, in October 2014, the export volume of domestic textile and clothing was 26 billion 538 million US dollars, down by 7.10%. Among them, the export amount of textile yarns, fabrics and products was 9 billion 747 million US dollars, a decrease of 0.10% compared with the ring, and the export amount of garments and accessories was 16 billion 791 million dollars, a decrease of 10.70% in the ring.

The growth of social consumption is limited, and the clothing industry is implicated. According to the National Bureau of statistics, the total retail sales of consumer goods amounted to 23967 billion yuan in October this year, an increase of 11.50% over the same period last year. Among them, the retail sales of consumer goods above the quota reached 11745 billion yuan, an increase of 8.30%. In addition, in October, the retail sales of textile and clothing enterprises above quota were 113 billion 600 million yuan, an increase of 10.90%.

In October, the export of textile and clothing showed negative growth, and the export volume declined for the second month in a row. Clothing retail sales in October dropped by 3% over the same period last year, a negative growth since the beginning of 1-2, and the decline was 0.50 percentage points larger than that in 1-2 months. On the whole, the export of textile and garment is sluggish, and the domestic market is not improving. The industry is still in a slow recovery stage.

PTA operation rate is 7, and later maintenance is variable. The operation load of domestic PTA manufacturers in Ruida futures statistics shows that the average load of PTA has risen to about 72%, and the running load of the downstream PET chip device has risen to about 77%. At present, the inventory of PTA manufacturers is maintained at about 2-7 days, which has been reduced compared with earlier stage. As of November 25th, there were 8417 PTA warehouse receipts, totaling about 42000 tons, representing an increase compared with October. At present, some PTA enterprises arrange maintenance plans. If the production can be cut down on schedule, it will help ease the pressure of supply.

Reporters believe that by textile and clothing exports and domestic demand is not strong, PTA prices or remain low in the trend of consolidation. If the PTA price is weak, the production enterprises will increase the scale of the device maintenance, and the PTA price in the future market is expected to rise slightly.