Cotton Price Center Shifted Upward, Spot Price Trading Reduced

In recent days, Zheng cotton main contract continued in the 15200-15500 compartment of the whole body, showing a "top and bottom" situation, but Xinjiang cotton quotes continue to "steady upward" trend, especially the "double 28/ double 29" (including fracture strength 27.5cN/dtex and above), low impurity content (below 1.2%) high quality and high spinnability of cotton resources because of the relatively low volume of listing, ginning plants generally reluctant to sell, so the quotations and actual paction price "moisture" larger.

On 19-20 March, a factory in Korla "double 29" (including fracture strength 28.5cN/dtex and above, impurity content less than 1.3%) hand picked cotton Gong Ding offer 15750-15850 yuan / ton, "double 28" (including fracture strength 27.5-28cN/dtex, impurity content is not higher than 1.5%) hand picked cotton Gong decided to offer goods 15600-15700 yuan / ton.

Some cotton traders in the mainland said that the price of cotton liners was too high because of the fact that Zheng cotton broke 15200-15300 yuan / ton. Therefore, it was not only reported that the buyers of "basic purchasing" were few, but that there were not many ginning plants and middlemen at the point price.

It is understood that Akesu, Bachu and other places in southern Xinjiang cotton enterprises are currently pushing the market to the lower strength ratio of 27cN/dtex, the impurity content is larger than 2.5%, and the lower quality lint (less than 3.3 of the warehouse receipt requirement or higher discount) is available. The counter-offer space can also be generally higher than 100 yuan / ton, so as to speed up the withdrawal of funds and reduce operating pressure.

However, the breaking ratio of 27.5cN/dtex, Ma A and B of lint is holding the attitude of "waiting for the price to sell".