Xinjiang Cotton Is Warm And Warm.

Recently, the sales of Xinjiang cotton are not warm. The sales of imported cotton in Qingdao port are very hot. The sales price of double 28 machine cotton picking, represented by West Africa cotton, Brazil cotton and Mexico cotton, is 14900-15700 yuan / ton, and the sales price of double 29, represented by India cotton, is 15200-15600 yuan / ton.

As the net weight of imported cotton is higher than that of Xinjiang's cotton gross weight or public settlement price, the mainland's delivery is flexible, and textile enterprises in the end of February are subject to the expiration of the tax quota and the issuance of new quotas. Textile enterprises are more enthusiastic about purchasing imported cotton than Xinjiang cotton.

According to statistics, as at the end of March, Qingdao Port imported 300 thousand tons of cotton stock. Due to the recent import price of cotton less than Xinjiang cotton, traders ordered large quantities of the ready packed goods represented by India cotton. It is estimated that a large number of low priced imported cotton will arrive at the end of March to mid April.

It is understood that at the end of February, cotton prices in India were as low as 78 cents / pound, equivalent to 13300 yuan / ton (with their own quotas). In March 6th, India cotton prices continued to rise. By March 28th, prices rose to 85 cents / pound, equivalent to 14200 yuan / ton (with their own quotas), but compared to the domestic 29 Xinjiang machine picked cotton 15700 yuan / ton (gross domestic product), there were still price advantages.

A trader in Qingdao port predicts that, with the increasingly clear Sino US negotiations, the possibility of RMB appreciation and the issuance of quotas will increase. If the price of Xinjiang cotton is still high, a large number of low-priced imported cotton will gradually enter the domestic market to seize the Xinjiang cotton market, and the hedging disk will further impact spot traders with futures hedging tools, which deserves the attention of the industry.