This week, the seed cotton purchasing market in Xinjiang and the Mainland has been operating strongly. The price of seed cotton has increased to a certain extent compared with last week, but the price increase has not significantly improved the progress of new cotton harvesting and delivery.
According to data from the National Cotton Market Monitoring System, as of October 13, 2022, the national new cotton picking progress was 34.4%, a year-on-year increase of 2.8%, and a 5.8% decrease from the average of the past four years, of which Xinjiang picking progress was 32.7%; National sales The sales rate was 31.5%, a year-on-year decrease of 41.4%, and a decrease of 38.5% from the average of the past four years, of which the Xinjiang sales rate was 32.9%.
It can be seen that as of last week, the domestic cotton harvest and sales progress was significantly slower than the same period last year, mainly due to low seed cotton prices, cotton farmers and cotton companies continue to compete. Of course, the Xinjiang epidemic has also affected some cotton picking and sales work. According to the correspondent, last Friday, cotton ginning factories in Hebei, Shandong and other mainland areas had opened scales to purchase. The purchase price was around 4.2 yuan/jin, an increase of 0.1 yuan/jin from the previous day, and the highest purchase price reached 4.4 yuan/jin. Based on this year’s cotton futures prices, ginners also set such purchase prices according to the market, but cotton farmers are not very enthusiastic about selling.
At present, the purchase price of seed cotton in Xinjiang continues to rise slightly. The purchase price of machine-picked cotton in Changji, Shihezi, Kuitun and other cotton areas in northern Xinjiang has overall exceeded 6 yuan/kg. The highest purchase price of a few ginners in Kuitun has risen to 6.3 yuan/kg. The purchasing price of machine-picked cotton by cotton processing enterprises in the Southern Xinjiang Corps remained at 5.3-5.4 yuan/kg, but the purchasing price of local cotton enterprises rose to 5.6-5.8 yuan/kg. The highest purchasing price was higher than 6 yuan/kg, and local enterprises were generally higher than The purchasing price of XPCC enterprises is 0.3-0.4 yuan/kg. For cotton ginning companies, most companies have a strong wait-and-see attitude, especially when facing seed cotton prices higher than 6 yuan/kg, they are more cautious.
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