| Xinjiang cotton enterprises stop wait-and-see lint prices upside down |
On September 28-29, South Kashi, Akesu, most of Korla cotton picked cotton (lint percentage, 13% less than 40% moisture) purchase price 7.20-7.30 yuan / kg, every increase a clothing continuous increase 0.10 yuan / kg, the highest price of 7.60 yuan / kg, but Akesu, Bachu minority ginning factory again rush in the harvest, 40% seed cotton lint the purchase price of 7.40-7.45 yuan / kg, the highest reached 7.70-7.80 yuan / kg.
The seed cotton purchase price significantly higher than expected 2016/17 annual cotton ginning factory, with rose slowly, plus oil prices and traders buy cottonseed steady decline since September 25th, so the southern part of cotton enterprises gradually reduce or stop watching, for farmers, cotton brokers hope provide pre-sale or guaranteed price requirements will be rejected.
Akesu cotton enterprises said that since September 17th enjoys a cumulative acquisition of more than and 500 tons of cotton, the cotton (lint 40%) purchase price from 7.10 yuan / kg rose to 7.45 yuan / kg, 28 PM has to stop the acquisition.
At present, lint prices upside down more and more prominent, cotton prices are at higher risk. The purchase price of 7.40 yuan / kg calculated (40% less than 13% water, lint, cottonseed prices 2.45-2.50 yuan / kg), 2128 (3128) direct costs about 15700-15800 yuan / ton (gross), plus a short fall, supervision fee, financial expenses, warehouse cost at least 16000-16200 yuan / ton, but at present, Kashi, Akesu and other places 2016/17 annual nucotn offer only 15300-15500 yuan / ton, cotton ginning factory net 500-700 yuan / ton. With more than 80% farmers for pre-sale of seed cotton, not short-term checkout billing, and cottonseed in half a month or a month later, the price can not be predicted, so it is difficult to estimate the cost of lint, enterprises do not dare futures hedging.
|
skype
services 2
