Xinjiang Cotton Enterprises Are Worried About Cotton Price Trend From 12 To January.

According to the cotton processing enterprises in Bachu, Akesu and other places, although the 2019/20 cotton reserve has been in order in a regular manner, the selling price of Xinjiang's cotton base has not been improved. Some hand picked cotton enterprises in southern Xinjiang even reflected the inquiry and reduced the turnover. At present, the Sino US trade consultation is complicated and confusing. Zheng cotton warehouse list + effective forecast is growing rapidly. Some cotton textile enterprises in the mainland gradually enter the rhythm of returning money before the Spring Festival (the signs of cotton consumption hitting bottom are not obvious), and the cotton enterprises in the territory are worried about the cotton price trend from 12 to January.

Judging from the survey, the ginning plants and traders rush to import the lint processed in November and December into the regulatory database and the public inspection, so as to prepare for participating in the pledge financing business, so as to meet the needs of paying the loan on a proportional scale, returning the acquisition fund and paying for the Spring Festival expenses.

Why did Zheng cotton rise and traders purchase slowed down? A large and medium-sized cotton enterprises in Henan said that 9-11 months cotton traders were buying large quantities of high-quality Xinjiang cotton in 2019/20, which accounted for a certain amount of funds, while a good opportunity for selling point prices was only a few days, and shipments were significantly lower than expected. Two, traders thought that the Zhengcheng cotton rebound was highly limited, and the main contract exceeded 13500 yuan / ton. Therefore, new purchasing power was not enough. Three, as of mid December, many large and medium-sized cotton enterprises had not yet realized the annual clearance and refund of 2018/19 cotton.