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Cotton is still running in wide swings

Views: 0     Author: Site Editor     Publish Time: 2022-09-08      Origin: Site

According to the report from the China Cotton Network released on 8th September,in the past two days, several hand-picking cotton processing enterprises in Kashgar, Jiashi, Yuepuhu, Bachu and other places have formed a consortium to unify the purchase price of seed cotton and the price of cotton wool ( Civil cotton) external sales quotation.


According to the consortium, based on the current contract price of CF2301, the main futures market, and the spot price in the mainland market in 2021/22, the purchase price of 40% of the garments for cotton picking is tentatively set at 7.0 yuan/kg.


A small number of hand-picked cotton processing enterprises in Kashgar, Aksu and other places have already started "pre-harvest" seed cotton in late August. Due to the large difference between farmers and ginners' purchase price expectations, most farmers choose the "pre-sale" model. Gradually increase the volume to the market.


According to the statistics of the textile raw material market in Zhangjiagang Free Trade Zone, as of the week of September 8, the total cotton inventory in Zhangjiagang Free Trade Zone was 38,000 tons, a decrease of 0.32% from the previous week; of which, the bonded cotton was 35,900 tons, an increase of 0.4% from the previous week. Bonded cotton was 2,300 tons, down 10.33% from the previous week.


From the perspective of the source of imported cotton, among the cotton stocks in Zhangjiagang Free Trade Zone: US cotton accounted for 33.25%, an increase of 0.72 percentage points from the previous week; Brazilian cotton accounted for 24.49%, a decrease of 0.12 percentage points from the previous week; Indian cotton accounted for 32.49% , a decrease of 0.44 percentage points from the previous week; other countries and regions accounted for 9.77%, a decrease of 0.17 percentage points from the previous week.


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