Southern Xinjiang: Mainland Textile Enterprises Will Soon Start Work On Replenishment.

According to cotton prices, as of mid November,

Picking progress 80-85%, processing progress in 65-70%, cotton growers and cotton brokers almost do not hoard seed cotton.

Akesu cotton picking flowers progress is more than 75%, low grade seed cotton listing increased, processing progress of about 65%, it is expected that the southern Xinjiang in November 25th before the end of flower picking work, most cotton enterprises before the end of December processing.

It is understood that the purchase price of cotton seed in most cotton areas of southern Akesu, Shache, Mengaiti and Bachu has again risen slightly. In November 10th, seed cotton purchase price (40% lint and 13% of water content) rose to 7.30-7.50 yuan / kg, and some cotton processing enterprises or leasing production lines increased 0.03-0.05 yuan / kg purchase.

Rush to collect.

In November, the color and quality of seed cotton declined, and cotton enterprises began to rush to complete the guarantee and reduce the purchase cost.

Recently, Zheng's main contract continued to consolidate above 15300 yuan / ton, and the opportunity of high-grade cotton picking and picking up cotton appeared.

In addition, recently, some cotton and cotton customers in Sichuan, Henan, Chongqing, Hubei and other places have poured into the Akesu and Kashi cotton region for enquiry and procurement. The market shows signs of active prosperity, coupled with the upcoming work of replenishment of textile enterprises in the mainland, and the strong rebound in commodities continues to be strong.

The price of cotton seeds in Akesu, Bachu and other places is stable 2.50-2.53 yuan / kg (a few manufacturers have 2.55 yuan / kg paction price, but not representative), but the impact of crude oil, soybean oil, soybeans, corn and other agricultural products futures prices hit the top down, the acquisition of oil plants and short staple factories slowed down earlier.

With the top of the peaches and the date of the frost season,

Maturity is decreasing and oil production rate is declining. Oil refinery procurement is prudent.

Overnight ICE cotton prices rose, December contract 69.35 points / pound, up 1.08 (1.58%), total turnover increased.

Last week, the signing and shipment of US cotton exports continued to increase steadily. Trading in the warehouse prompted ICE futures to sell volume. In addition, it was affected by the price limit of Zheng Mian, and the ICE cotton contract reached a high level across the board.

At present, the external market has little impact on cotton prices, and there is no obvious change in cotton fundamentals. The price trend of the outer ICE should be concerned about Zheng cotton market.

The United States signed a net contract of 38 thousand and 300 tons of land cotton in 2016/17, an increase of 5.3% over last week and a shipment of 30 thousand and 500 tons, an increase of 6% over last week.

The main contracting countries are South Korea, Indonesia and Thailand. The net signing volume is 5 thousand and 400 tons, and the net signing volume and loading volume of China in the week are 0.43 and 4 thousand and 700 tons respectively.

By the end of the week, the United States signed a total of 1 million 402 thousand and 300 tons of Upland Cotton in 2016/17, an increase of 61.9% over the same period, 504 thousand and 500 tons of shipment, 56% of the US land cotton contract, 57% of 5 years, 20% of the shipment and 15% of 5 years.