Low Demand For Raw Materials In Textile Enterprises Has Rigid Demand For Replenishment.

At present, raw material inventory of textile enterprises is low, and there is a rigid demand for replenishment.

It is understood that the number of mainland textile enterprises entering the border area to see goods and enquiries in November has increased. However, due to the problem of price and Xinjiang cotton pportation, the actual turnover is relatively small.

According to the national cotton market monitoring system data, in 2016, the cotton planting area in Xinjiang was 29 million 45 thousand mu, a decrease of 6.3% compared with the same period last year. The output per unit area was 131.3 kg / mu, an increase of 10.9% compared with the same period last year, and the total output was 3 million 814 thousand tons, an increase of 3.9% over the same period last year.

As of November 11th,

The picking rate of seed cotton is 83.8%, and the picking rate of seed cotton is 90.8%, and the processing rate and sale rate of seed cotton are 74.2% and 16.1% respectively.

On the whole, although the output of Xinjiang cotton increased, the processing rate increased slightly compared with the same period last year, and the other progress was slower than the same period last year, and the actual listing is limited.

Recently, Xinjiang cotton has been more stable in its spot performance, and there has not been any significant adjustment. The gross price quotations of "double 28", "double 29" hand picking and cotton picking are respectively 15600-16000 yuan / ton and 15300-15800 yuan / ton. It is expected that the possibility of a cotton price drop in Xinjiang will be smaller in the short term, or it will maintain the current price and rise slightly, in the medium and long term.

The pressure to continue rising is relatively large.

In November 16th, Zheng cotton main CF1701 contract closed at 15895 yuan / ton, is gradually recovering the "double eleven" drop of land lost, the real rising space is being opened.

In addition, India stopped using 500, 1000 rupees, two large denominations of banknotes, resulting in a sharp drop in market supply in the short term, temporarily diluting the negative impact of India's cotton production.

I remember that in the early part of this year

At the price of 16000, we bought several batches of "double 29" hand picked cotton, which is thought to be the highest price of the year, but now it seems that even with this price, the actual procurement cost will be higher than the previous stage.

In the medium to long term, with the passage of time, the increase in the listing amount of New Territories cotton, the ease of pportation capacity within the territory and the increase in supply of cotton in India will all affect the reduction of cotton prices. Therefore, cotton enterprises should seize the opportunity to sell, and the textile enterprises must seize the opportunity to purchase.