According to feedback from several cotton spinning mills in Jiangsu, Anhui and other places, cotton yarn inquiries and shipments have slowed down significantly since mid-February compared with the second half of the holiday. Some weaving mills and traders in coastal areas have also gradually delayed the delivery of goods according to contracts. The accumulation rate of clothing, fabrics, gray fabrics and other consumer terminals continues to increase. The entire industry chain has reappeared the phenomenon of “intestinal obstruction”, and pressure has begun to pass upstream.
However, judging from the survey, the current differentiation of cotton textile factories is relatively obvious: some companies have already arranged their cotton yarn orders to April-May, and the workshop operation rate has reached 90%-100%, or the cotton yarn accumulation rate is still at a low level, and the cash flow It is relatively sufficient, so the quotations of cotton yarn have been relatively strong in the past week, and there are no plans to actively reduce prices and sell goods. However, some small and medium-sized yarn mills have mainly short-term and small orders due to new orders after the holiday, and the post-holiday start-up rate shows a “high first and then low” “In addition, cotton, polyester shorts, etc. can be purchased as needed and purchased on demand. Most raw material inventories are controlled within 15 days. Therefore, the quotation of cotton yarn has been adjusted back by 200-300 yuan/ton to facilitate the receipt of new orders and destocking.
According to statistics from relevant departments, as of February 15, 2023, Xinjiang has processed a total of 5.4453 million tons of lint cotton, a year-on-year increase of 3.95% (of which local enterprises have processed a total of 3.4227 million tons of lint cotton, a year-on-year increase of 5.57%); and as of February 16 , Xinjiang’s cumulative public inspection of cotton in 2022/23 was 5.1426 million tons, higher than 44,000 tons in the same period last year, a year-on-year increase of 0.86%. Considering that since mid-February, the daily increase in lint processing volume in Xinjiang is 28,000-30,000 tons (the performance continues to be stable) and some ginneries in the three major cotton areas in southern Xinjiang are expected to complete processing before mid-March, some institutions and cotton-related enterprises will The cotton production forecast in Xinjiang in 2022/23 has been raised to more than 5.8 million tons, and several large and medium-sized processing companies even predict close to 6 million tons.
Judging from the survey, the sales progress of cotton in Xinjiang so far shows the phenomenon of “small factories are faster than large and medium-sized enterprises, and local enterprises are faster than the Corps”. The sales progress of lint cotton of a few processing companies in Aksu, Korla and Kuitun has exceeded 60% or even 70%. %. A cotton company in Kuitun said (two processing lines) that it has purchased and processed a total of 8,700 tons of lint cotton in 2022/23. Since mid-October, it has adopted various methods such as pre-sales, blind box sales, sales in transit, and sales in inland warehouses. Shipping, as of February 15, the remaining lint inventory is 1,050 tons (900 tons in Xinjiang’s internal warehouse), and the sales progress has reached 88%. It is planned to clear out all the Zheng cotton main contracts in the 14,000-15,000 yuan/ton range, but there are still 6,000 in the factory. Many tons of cottonseed are reluctant to sell due to low prices, and they plan to wait and see for shipment in 15-30 days.