Sales Of Cotton Lint Are Unsalable, Xinjiang Cotton Enterprise Capital Chain Tension

Since the middle of September, the sale of lint within the territory has basically been unsalable, and a large amount of money is not able to return to the cage.

According to investigation, in early November, 3127 of the territory (26mm accounted for less than 20%).

The platform pick up price is 12200-12300 yuan / gross (gross weight); grade 3127 (27mm and above length is 80%), horse value C2 lint price 12500-12600 yuan / ton; 3128 grade, horse value B2 lint 12700-12900 yuan / ton pick-up; Shihezi, Karamay, Jinghe, Tacheng and other places 3127, 3128 class machine pick up cotton platform pick up price are 11600-11800 yuan / ton, 12200-12400 yuan / ton respectively, "double 28" 28 grade cotton pick-up price is RMB yuan / ton; Jiangsu, Anhui, Shandong, Henan and other small and medium cotton mill C32S and below

Still inclined to purchase machine picked cotton, low price, good horse value and overall fiber length are higher than hand picking cotton is the main reason; while spinning C40S and above count cotton yarn spinning enterprises are concerned about hand picking cotton in North and South Xinjiang, small impurities, short lint rate and high strength are selling points.

Some recently

Reflecting the tight purchase funds and the appearance of "first in factory and post settlement" in some cotton areas, on the one hand, a large part of cotton enterprises this year gave up the qualification of issuing, credit cooperatives and other commercial bank loans, and only acquired their own funds. However, because of the basically unsalable sales of lint sales in the middle of September, a large amount of funds in the cotton lint occupied were unable to return in time. On the other hand, considering the risk of cotton prices, the "threshold" of the pledge business of the lint territory supervision warehouse has been improved, such as raising monthly monthly interest rates or collecting regulatory fees, and so on.

A cotton trader in Henan said that although there was little profit or even a slight loss in the processing of lint in Akesu and Bachu, the sales profit from cotton to Henan, Sichuan, Chongqing, Hebei and so on in some parts of Korla and Akesu was acceptable. Mainly in this year, the lint percentage of 26mm and below in South Xinjiang accounted for a significant increase compared with the previous years. The price was lower than 3128 grade 800 yuan / ton, and the color grade was two grade, which was suitable for making cotton wool.