According to feedback from cotton supervision warehouses in Aksu, Korla, Urumqi and other places, Xinjiang cotton truck shipments continued to rise in early to mid-March, with the focus going to major cotton consumption areas such as Shandong, Jiangsu, Henan, and Hubei. , although the proportion of shipments by traders, cotton futures companies, etc. is still high, the number of mainland cotton spinning mills visiting, purchasing, and picking up goods at various warehouses in Xinjiang has increased significantly compared with around the Spring Festival.
Judging from the survey, as the price of Zheng cotton CF2105 contract fell below 16,000 yuan/ton and 15,500 yuan/ton (the intraday low of 15,330 yuan/ton) in early March, the textile industry Enthusiasm for fixed-price and fixed-price purchases continues to pick up, and the replenishment of raw materials has begun. Industry analysis: On the one hand, based on the current prices of cotton and cotton yarn, yarn mills have relatively high profits, and they have strong tolerance and ability to digest the risks of market fluctuations; on the other hand, in the past month or so, Zheng Cotton has emerged from the “roller coaster” market situation , cotton spinning enterprises have a strong wait-and-see attitude, and procurement is mainly based on “buy as you use, eat as you see”. As the CF2105 contract continues to consolidate at 15,500-16,000 yuan/ton, the atmosphere in the upstream and downstream of the industry chain has become calmer, and textile companies The demand for replenishment is gradually released.
A medium-sized cotton trading company in Jiangsu said that since March 5, price point orders, pending orders, and fixed-price transactions have been relatively active. Cotton textile mills mainly focus on inquiry and procurement, and the transaction volume of 2020/21 Xinjiang cotton in the company’s domestic warehouse and in transit is slightly better. Cotton spinning and cotton enterprises in Henan, Shandong and other places have reported that in the past week, the road freight rate of Xinjiang cotton out of Xinjiang has been reduced by 30-50 yuan/ton compared with late February, and the price difference between cotton inside and outside Xinjiang has stabilized at 450-550 yuan/ton, stimulating Cotton processing enterprises and traders in Xinjiang are more willing to move to warehouses for sales.
Analyses from several large cotton companies believe that the main reason for the substantial increase in road shipments in February and March is “hand in hand” with railway shipments. In addition to the continued reduction in automobile freight rates by transportation companies and individual drivers, It is also related to the increase in railway freight rates by the Uzbekistan Railway Bureau in early February and the shortage of trains at some freight stations. The number of “rail-to-bus transfers” has increased significantly. In addition, some small and medium-sized cotton spinning mills and traders in the mainland are “waiting for rice to be cooked” which is also an important reason for the rapid growth of road shipping.
According to statistics from the China Cotton Logistics Branch, from September 2020 to January 2021, the shipment volume of Xinjiang cotton professional warehouses out of Xinjiang was 175,600 tons, 219,300 tons, and 321,600 tons respectively. , 483,100 tons, 406,500 tons. The industry predicts that the shipment volume in February will be significantly lower than that in January and March due to the Spring Festival, a significant reduction in vehicles leaving Xinjiang, and the holidays in the regulatory warehouse, but it will still be higher than 300,000 tons. </p
