Exclusive news from China Cotton Network: This week (August 30-September 3), affected by the continued cooling of the cotton market, Zheng cotton prices continued to adjust , the lowest fell to around 17,105 yuan/ton, and then bottomed out, regaining more than 17,600 yuan/ton. Cotton futures prices have fluctuated sharply, while spot prices have remained stable. The current futures and spot prices are still at a discount. Reserve cotton is cost-effective, and companies are actively bidding. After traders are prohibited from participating in the auction, the actual transaction price of reserve cotton has dropped. It’s less than a month until this year’s round, and the bidding enthusiasm is expected to continue.
Cotton prices have reached the annual high range, making it more difficult for downstream companies to accept. In order to avoid business risks, companies purchase cautiously. Entering the traditional peak season of “Golden Nine and Silver Ten”, new orders are not as expected. Orders for medium and high-count yarns are good, but orders for low-count yarns are insufficient. Production and sales are severely differentiated. Some types of yarns have begun to accumulate inventory, showing signs of a sluggish peak season. The transmission of yarn prices to downstream links has encountered obstacles, and cloth mills in some areas have taken measures to reduce production.
Current week: August 30-September 3, rolling out data
China The Cotton Reserve Management Co., Ltd. has listed a total of 46,500 tons of cotton reserves, including 32,400 tons of Xinjiang cotton and 14,100 tons of real estate cotton.
From August 30 to September 3, the average transaction price of reserve cotton was 16,996 yuan/ton, a decrease of 301 yuan/ton from last week; discount standard The price of grade (3128) is 18,356 yuan/ton, down 279 yuan/ton; the average price increase is 1,162 yuan/ton, down 223 yuan/ton; the highest transaction price is 17,910 yuan/ton, and the lowest price is 16,330 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 17,046 yuan/ton, with an average price increase of 1,313 yuan/ton; the average transaction price of real estate cotton is 16,880 yuan/ton, with an average price increase of 817 yuan/ton.
Cumulative: Data rounded out from July 5 to September 3
China’s cotton reserves The Management Co., Ltd. has listed a total of 425,200 tons of cotton reserves, including 293,200 tons of Xinjiang cotton and 132,000 tons of real estate cotton.
From July 5th to September 3rd, the average transaction price of reserve cotton was 17,103 yuan/ton, discounted to the standard grade (3128) price of 18,348 yuan/ton , the highest transaction price was 19,700 yuan/ton, and the lowest price was 15,950 yuan/ton; among which, the average transaction price of Xinjiang cotton was 17,196 yuan/ton, and the average price increase was 2,073 yuan/ton; the average transaction price of real estate cotton was 16,845 yuan/ton, and the average price increase was 1,660 yuan/ton. .
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