The price of high-yield slow-moving long-staple cotton dropped again

As of May 27, the quotation of 137 grades of long-staple cotton from enterprises in Aksu and Kashgar in Xinjiang dropped to 30,300 yuan/ton, the price of 237 grades was 30000 yuan/ton, and the price of 137 grades in Shandong, Hebei and other places was 30,800 yuan/ton. Grade 237 was RMB 30,300/ton, which was a decrease of RMB 500/ton to RMB 600/ton from the middle of May and a decrease of RMB 1,900/ton to RMB 2,200/ton from the previous period.

Textile companies are under pressure and the advantages of high yarns have weakened, causing the price of long-staple cotton to fall. According to a company that mainly produces 32 to 120 yarns combed with pure cotton, from May 26 to 27, the spot-combing ring spinning JC50S was offered at 35,000 yuan/ton, and the combed compact JC60S was quoted at 42,000 yuan/ton ( Including 20% ​​long-staple cotton), JC50S of full-skin cotton was reported at 53,000 yuan/ton. However, due to the relatively slow-moving products, the company continued to compress its production capacity and continuously compressed the proportion of long-staple cotton.

At present, there are still a large number of Xinjiang long-staple cotton in the hands of some cotton traders in Shandong and Hebei. As time goes by, the cost is generally above 35,000 yuan/ton, plus bank loans, warehousing and other expenses, cotton merchants "clearing and decompressing" Psychological increase. There are cotton traders in Shandong said that in order to promote sales, they can only continue to lower the quotation of Aksu’s 137, 237 class of origin. In fact, many cotton companies basically have the intention to continue to lower the price of long-staple cotton.

In addition, as local textile enterprises received quotas for cotton imports in April from the middle and late May, companies began to import cotton. The textile enterprises in Hebei, Shandong, and Henan reported that the quotas issued caused everyone to compete for orders or customs clearance for imported cotton, while the US Pima cotton and the quality of Australian cotton clearance increased.