Northern Xinjiang: Cotton Business Trial And Test, Rolling Scale Price Lower Than Last Year

According to the cotton enterprises in Hutubi, Manasi and Changji, some enterprises have begun to try the trial rolling, and the purchase price of the 39-40% cotton picking machine is 4.5 yuan / kg, the purchase price of 43% and above is 4.8 yuan / kg (the highest price is 4.8 yuan / kg, the moisture is not higher than 15%), the purchase price of hand picked cotton is reduced by 1 yuan / kg compared with that in the southern Xinjiang, which is basically the same as that predicted by the parties in late August. A cotton trader in Changji said that the machine picked cotton had not yet been harvested on a large scale. The farmers' picking and selling were mainly dry land, early maturing and premature decay cotton.

According to the analysis of some cotton enterprises, although the price of cotton picking and weighing is lower than that of the previous two years in 2019/20, farmers are reluctant to sell more emotionally, but the seed cotton purchase price is expected to continue to be explored. First, Zheng cotton CF2001 contract price fell below 12600 yuan / ton, do not rule out before opening 12240 yuan / ton may be; two is the ginning factory, traders cautious, processing cotton lint to generate warehouse receipts, hedging operations and other operations, plus a part of the external contract of the ginning factory, processing line no "guarantee" purchase amount, purchasing enterprises subjective raise price power shortage.