Cotton Picking Or Slightly Delayed Cotton Market Brewing For New Year Acquisition

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< p > with the approaching of the new year's footsteps, the main body of Xinjiang's market is different, and the atmosphere of market uncertainty is aggravated.

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< p > cotton picking or postponed for 7-10 days.

In August 13th, cotton farmers in Akesu, Kashi and other places in southern Xinjiang showed that cotton plants generally reached 70-100cm, with 7-15 peach / buds and full buds.

However, due to the continuous low temperature and strong wind weather in cotton seedlings in 5-6 months, it caused "trauma" to cotton seedling growth. In addition, some cotton was replanted later, and seed cotton picking was expected to be postponed to mid September.

Speaking of this year's output, most cotton farmers believe that output has been flat or slightly increased this year.

A cotton grower in Awati introduced that he sowed 720 acres this year. It is estimated that the seed cotton yield per unit area is 350 kg / mu, and white cotton can reach 90%.

"If it is below 8 yuan per kilogram, it will be sold again."

The cotton grower said his ideas also represent the psychological appeals of most cotton farmers.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > cotton enterprise < /a > is still hesitant to wait and see.

On the 13 day, the head of a ginning factory in Shihezi, Northern Xinjiang, said that up to now there has been no machine maintenance and equipment maintenance, and no agreement has been reached on whether the takeover will take place this year.

Cotton enterprises are hesitant, on the one hand, the target price rules have not yet been released, and the direction of the new year's acquisition is not clear. They dare not decide whether to stay or not. On the other hand, since August, ICE cotton futures and zhengmian futures have been greatly fluctuated, increasing their worries about the future market.

In addition, the ginning mills have not yet reached a consensus on the purchase price of seed cotton this year.

Part of the ginning factory intends to start the purchase at a price of less than 6.50 yuan / kg, with the aim of reducing the risk of operation. However, many enterprises believe that if the seed cotton purchase price is less than 7 yuan / kg, it may strike cotton farmers' enthusiasm and extend the cotton seed acquisition front, thus increasing the financial cost of enterprises, and still has great risks.

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< p > long staple cotton or there is still room for decline.

By the middle of August, the total stock of long staple cotton in Xinjiang did not exceed 2000 tons, scattered in the hands of cotton ginning mills and cotton merchants, and sales were basically stagnant, and prices continued to fall.

On the 13 day, the local production of long staple cotton 137 grade pickup price 28900 yuan / ton, 237 class 28200 yuan / ton, respectively, compared with last week fell 200 yuan / ton, 300 yuan / ton; the Corps production long staple cotton picking price is still higher than the local production 1000 yuan / ton, cotton merchants basically no goods.

At present, the market bearish atmosphere is still strong, and even a few market participants position the new year's long staple cotton price at 22000-23000 yuan / ton.

"Long staple cotton still has room to fall, which is the consensus of the market. The key is how big the space is, whether it is down 1000 yuan / ton, or 3000 yuan / ton, or more, there is no consensus yet."

A market source said.

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< p > this year's Xinjiang a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > has become the focus of national attention. There is no suspense about the harvest of seed cotton. However, as a circulation link, the ginning mills and cotton merchants do not have a clear judgement of the future market. They are in a confused stage and need policy guidance.

According to the industry's judgment, the rules are expected to be announced by the end of this month, when the market can be "real", and the main body needs to wait patiently.

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