Today'S Xinjiang Cotton Auction Offers Details Of Resources.

　　 National cotton trading market Scheduled for sale in May 15th, Xinjiang cotton will compete for 7661.285 tons of resources, including 3183.253 tons of resources in the reservoir area (2538.721 tons of hand picked cotton, 13050 yuan per ton), 644.532 tons of machine picked cotton and 12200 yuan / ton minimum bid, involving 215.54 tons of cotton in the Corps. offer 13100 yuan / ton.

Inland reservoir area Resources 4478.032 tons (hand picking cotton 4263.553 tons, lowest offer 12700 yuan / ton, 214.479 tons of machine picked cotton, lowest bid 12900 yuan / ton).

Related links:

In recent years, domestic cotton textile enterprises have not been effectively improved. On the one hand, the sale of cotton yarn, grey cloth and clothing for 1-2 months is very common. Many enterprises reflect that "no credit can not do business"; 3, since April, although some orders have arrived, the price of buyers has been too low. Considering the cost of raw materials, labor and other costs, many cotton mills have to take the initiative to "abandon the list".

On the other hand, credit support from the policy banks and commercial banks to the cotton textile industry continued to weaken, the borrowing cost was relatively high, and the situation of "first repay the loan, but also many loans less" was prominent; and the upstream cotton enterprises were also deeply in the predicament of repayment of loans. Most of them demanded that the textile enterprises should cash in cash. They would rather make a profit of 50-100 yuan / ton, and also had to settle cash in cash.

On the 10-11 th of May, the price of pickup and gross weight lifting at 2128 and 3128 level in the inland warehouse was stable at 13800-14000 yuan / ton and 13500-13700 yuan / ton. The quotation did not decline significantly with the May contract of 7 months and 8 days. In the near future, the market has many rumors about dumping, but the state will not suppress the cotton price in the spot market.

In 2015, import quotas have been used more than 50%. Australian cotton and high grade cotton are still the focus of inquiry and purchase of Chinese enterprises. However, under the restriction of price and quota, the high grade hand picked cotton is not without the opportunity to report up and sell quickly.

According to some cotton enterprises, some cotton mills in the small, medium and small cotton mills have only 3-5 days in stock, so there is a general principle of "seeing goods fast, pressing goods urgently, and bringing them to the nearest place". Large and medium-sized textile enterprises solve the problem of raw materials through the purchase of high-level personnel from the port by purchasing the high-level cotton, cotton and cotton.